The Past 24 Hours In #Ethereum, a thread 🧵
2/ Tom Lee’s Bitmine Immersion just bought another 317,126 ETH
Bitmine is the 1st Ethereum Treasury Company to hold over 1 million ETH
5/ Vitalik talks about How Ethereum Becomes The World Ledger on Bankless
LIVE NOW - Vitalik Buterin: How Ethereum Becomes The World Ledger
@ethereum just turned 10, and @VitalikButerin returns to reflect on the last decade—and where it’s headed next.
In this conversation, Vitalik shares what surprised him most about Ethereum’s growth, the hard lessons from challenges like The DAO and NFTs, and what he’d do differently if starting again.
We explore Ethereum’s evolving cultural identity, privacy as a core value, the tradeoffs between L1 and L2, and how Vitalik envisions Ethereum surviving an AI-dominated future.
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TIMESTAMPS
0:00 Intro
0:52 Ethereum’s First 2 Years
2:25 Ethereum’s Top Contributions
4:18 Biggest Surprises
7:37 What Took Longer than Expected
9:05 Overcoming Challenges
11:03 Lesson for Younger Vitalik
15:53 Bitcoin vs Ethereum
18:49 Ethereum’s Cultural Evolution
32:11 Privacy on Ethereum
37:42 Nation State Resistant Privacy
43:03 Cypherpunk vs Mainstream
56:05 World Ledger
59:09 Ethereum in 2024
1:02:23 Changes in the Ethereum Foundation
1:10:10 Economic Alignment
1:16:38 Scaling the L1
1:31:21 Ethereum’s Barbell Strategy
1:39:28 Ethereum Nationalism
1:48:28 ETH Treasuries
1:55:19 The Next 10 Years for Ethereum
1:59:35 The Next 10 Years for Vitalik
2:01:25 The Next 10 Years for Bankless
2:02:52 Closing & Disclaimers
7/ Many treasury companies and protocols contribute to the Strategic ETH Reserve today
8/ Ethereum Mainnet Transaction Count hits a new ATH
13/ The Ethereum Foundation is hiring a DeFi Protocol Specialist. Apply below
15/ ETH inflows are starting to soar again
17/ The ETH stablecoin supply was +3,900,000,000 last week
18/ ETH ETF inflows outpaced BTC for the 3rd consecutive week
For the third consecutive week, $ETH ETF inflows outpaced $BTC ETFs: $327M compared to $253M.
Over the same period, ETH strategic reserves accumulated another 1,281,000 ETH ($5.38B), boosting aggregate holdings by 73% in just 3 weeks.
Meanwhile, ETH:BTC is up 23% this month and just reached its highest level (0.037) since January.
Monday could be the start of a very good week 😈
20/ Joe Lubin says Ethereum could flip BTC within a year
Could $ETH actually flip $BTC?
@ethereumJoseph says Ethereum’s monetary base size could "eclipse" Bitcoin’s within a year.
So far @SharpLinkGaming has purchased 521k+ ETH worth $2.2B.
They are one of the leading entities within the new wave of treasury companies stacking ETH at scale.
With real staking yield, a dominant onchain economy, and corporate adoption accelerating.
Is the flippening still a meme or about to become a reality?
21/ IVD Medical Holdings acquires $19M worth of ETH to establish its new treasury
🟢 SΞR NEWS: IVD Medical Holdings () has acquired $19M worth of ETH to establish its new ETH treasury.
IVD plans to deploy their stablecoins on Ethereum and will allocate its ETH reserve into staking, restaking and and onchain derivates to boost returns.
Chief Strategist Officer:
"Ethereum is the world's most mature smart contract platform with extreme high liquidity and growing institutional recognition"
28/ Borrows on Ethereum are going parabolic on Aave
35/ Zora hits news ATH and a 1400% increase in mindshare over the past month
36/ @DeclanFox14 goes on @fomohour w/ @farokh @rektmando & @Tyler_Did_It
38/ ETH on CEXs is down 6.7% in Q3
The ETH supply shock is now playing out in real time.
- ETH on CEXs is down 6.7% so far in Q3.
- Now at the lowest levels since July of '16.
With ETH treasury firms just starting to implement their onchain strategies to boost yield and ETH/share, we should see this number continue to drop.
More capital moving onchain could spark further *reflexivity* with activity (and fundamentals) improving along with price action.
We covered the setup in detail in our recent note to readers of @the_defi_report, as well as how we're playing it.
If you'd like to check out the latest research, see the link below 👇
41/ Anders Elowsson drops thread on Introducing EIP-7999: Unified multidimensional fee market
43/ Meet the Avengers of Ethereum Episode 5 w/ Darius Przydzial is out
“Meet the Avengers of Ethereum” Episode 5: Darius Przydzial, Head of DeFi at The Ether Machine. The DeFi Avenger @0xDariusPR
🦸 Started as an electrical engineer working on advanced radar systems engineering.
🦸 Morphed into hedge fund quant, building and managing risk systems, trading derivatives.
🦸 Hacking mentality, DeFi geek, Solidity dev. AMM & DEX builder, Treasury architect.
🦸 The strategist behind our ETH-denominated on-chain yield engine.
The superpower behind any company is the team. Ours is a lean, mean, onchain machine. 🧵⬇️
46/ The RAILGUN privacy set is now over $100M total value shielded & $3.5B in private volume
47/ EIPsInsight spotlights Ethereum EIP-7825
Ethereum EIP-7825 (Fusaka Upgrade) Spotlight:
Why EIP-7825?
EIP-7825 hardens Ethereum against major network attacks while boosting throughput. This means the network becomes faster, cheaper and more reliable for everyone.
#Ethereum #EIP7825 #FusakaUpgrade #Layer2 #Rollups #DeFi #NFTs #Web3 #Blockchain #CryptoNews #EthereumUpgrade #OnChain #CryptoCommunity #ETH
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