🔌 More Than 80% of Ethereum Miners Pull the Plug After Merge
🔌 More Than 80% of Ethereum Miners Pull the Plug After Merge
Hello Defiers! Here’s what we’re covering today:
News
👀 Defiant Premium Story for Paid Subscribers (📜Scroll to the end!)
Podcast
🎙Listen to the exclusive interview with ConsenSys’ Ben Edgington:
Video
📺 Quick Take: Pound Gets Rugged + Huge Week For Crypto Markets
📺 The Defiant Weekly: Biden's Crypto Guidelines: Bullish or Bearish?
DeFi Explainers
Elsewhere
Trending in The Defiant
Lido’s stETH Back at Par with Ethereum in Heavy Action: Nansen
CFTC Action Against DAO Outrages Crypto and One of Its Own Commissioners
The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
🙌 Together with:
Nexo’s fundamentals-first model helps you secure your assets and grow your wealth. The company now provides an increased insurance on custodial assets of $775 million. Learn More!
ZetaChain is the first public L1 blockchain that natively connects with any chain and layer including Bitcoin and Dogecoin without wrapping or bridging assets. Dive into the docs to start building the future of multichain.
Thales is your way into OP Summer! Simple, novel, and easy-to-understand markets: UP or DOWN? IN or OUT? The choice is yours. Try it now. No registration needed.
Ref Finance: Largest DEX on NEAR. DeFi Hub of NEAR. The DEX connecting across many chains. Efficient liquidity to users. Accumulative trading volume $4.7B+.
Defiant Exclusive
🔌 More Than 80% of Ethereum Miners Pull the Plug After Merge
Ethereum Classic Hash Rate plunges 48% Since Shift to Proof of Stake
By Samuel Haig
HASH RATE Eight out of 10 Ethereum miners appear to have gone offline after The Merge, according to data from 2miners, a website tracking the hash rate of Proof of Work networks.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
DeFi Players
👀 Sifu Resurfaces with New Money Market Protocol
Controversial Entrepreneur Forks Lending Venture From Aave
By Owen Fernau
INFAMOUS Few DeFi players are as irrepressible as Sifu. Undeterred by his exposure in January as the co-founder of QuadrigaCX, the infamous crypto exchange that lost $190M in customer deposits in 2019, Sifu launched a token last February.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Sponsored Post
Brought to you by Circle, the issuer of USDC.
Web3 companies are creating game-changing innovations, but they need a trusted dollar digital currency to bridge the gap into new blockchain network infrastructure.
USDC has become an integral piece of this Web3 equation, helping bring a stable and transparent, dollar-denominated payments infrastructure to the apps and markets pioneering the future of the internet. With weekly published reserve attestation reports, holders of USDC know it is always redeemable for $1.
As one of the fastest-growing stablecoins in the world, USDC empowers crypto finance apps, NFT marketplaces, and Web3 companies with a reliable, easy-to-use on and off ramp for digital assets. USDC is a stablecoin infrastructure built for the future of Web3.
Learn more about the businesses and apps being built on USDC at Circle’s USDC Ecosystem Hub.
Defiant Video
📺 Quick Take: Pound Gets Rugged + Huge Week For Crypto Markets
📺 The Defiant Weekly: Biden's Crypto Guidelines: Bullish or Bearish?
Podcast
🎙 Reviewing Ethereum 2.0 a week after The Merge
DeFi Beginners
🧐 What Is ENS?
A Step-by-Step Guide to Ethereum’s Domain Name System
ADDRESSES Ethereum Name Service is a blockchain equivalent to Domain Name System (DNS) that assigns addresses on the internet. ENS translates cumbersome Ethereum addresses comprising random numbers and letters into memorable names.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Elsewhere
🔗 Disney hiring transaction lawyer for 'aggressive' NFT and DeFi plans: The Block
The Walt Disney Company is looking to hire a transaction lawyer to explore emerging technology opportunities, including NFTs, working at an "accelerated and aggressive timeline," according to a job posting on LinkedIn.
🔗 Interpol Issues Red Notice for Do Kwon: Report: CoinDesk
nterpol has issued a red notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg.
Trending in The Defiant
Lido’s stETH Back at Par with Ethereum in Heavy Action: Nansen Almost six months after it first “de-pegged” from Ether, investors have flocked to Lido’s stETH token, pushing it back up to par with the second-largest cryptocurrency.
CFTC Action Against DAO Outrages Crypto and One of Its Own Commissioners In a case that has roiled the crypto community and triggered a dissent from one its own officials, the U.S. Commodity Futures Trading Commission (CFTC) brought an enforcement action yesterday that challenges fundamental tenets of decentralized finance.
NFT Volumes Surge on Solana NFT transactions on the Solana network are at an all-time high, surpassing 1M in the week ending Sept. 12 for the first time ever and 900,000 in the week ending Sept. 19. A blockchain created to address Ethereum’s high transaction costs and slow speeds, Solana has been having a moment.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
Free subscribers to the newsletter get:
Daily news briefings
Sunday Weekly recap
General chat on The Defiant’s Discord server
👑Prime defiers get:
Full transcript of exclusive podcast interviews
DeFi Alpha weekly newsletter on how to put your money to work in DeFi by yyctrader and DeFi Dad
Weekly live DeFi Alpha call with yyctrader
Inbox Dump edition of The Defiant newsletter every Saturday with all the PR that didn’t make it to our content channels
Exclusive community calls with the team
Subscriber-only chats on The Defiant Discord server
Full access to The Defiant’s content archive
Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
You can start a prime membership for free right now with this link. You’ll get full access for 7 days. It’s 100% risk-free.
👀 Defiant Premium Story for Paid Subscribers
🎓 Academic Proposal to Make Ethereum Transactions Reversible Divides DeFi Community
Critics Call Idea ‘Plain Stupidity’ But Supporters Embrace It As Defense Against Hacks
By Samuel Haig
NEWS Researchers at Stanford University have designed variations of Ethereum’s popular ERC-20 and ERC-721 token standards to enable reversible transactions. But the Ethereum community is largely panning the work.
HACKS Reversibility — the ability to redo transactions on blockchains — has long been a challenging project for crypto scientists.The Stanford team believe it may hold the key to making cryptocurrencies more protected from hackers. Chainalysis, the blockchain forensics firm, estimates that hackers stole $14B in crypto hacks during 2021.
OPPOSED Yet to make this proposition work, technologists would have to tinker with one of the most sacred properties in cryptocurrency systems: immutability. Many in the crypto community vehemently opposed allowing transactions to be reversed in any circumstances.
Keep reading with a 7-day free trial
Subscribe to WE'VE MOVED TO thedefiant.io to keep reading this post and get 7 days of free access to the full post archives.