Crypto Morning News - May 11th, 2021
Vitalik Buterin releases Eth2.0 Altair upgrade specification annotation version
Vitalik Buterin released the Eth2.0 Altair upgrade specification annotation version. Earlier news, ETH 2.0 developer Ben Edgington updated the Eth2 bi-weekly progress and said that Altair is a relatively small beacon chain update planned for the middle of the year. According to the developers' recent phone calls, the client team is progressing fairly smoothly in implementing the Altair specifications. The current tentative time plan (not promised): Altair specifications will be frozen around May 21, a short-term online testnet will be launched in early June (only Altair specifications, not forked conversion), try to fork the current testnet before the end of June , Deployed to the beacon chain at the end of July and early August.
The vote on Lido DAO's proposal to provide staking services for Solana has been passed
The PoS node service provider Chorus One proposed to Lido DAO to provide a staking service for Solana's vote has been passed. The proposal previously proposed to build a liquid staking token stSOL, which can obtain rewards for staking, and represents the staking certificate of Lido validators on Solana (similar to stETH) to introduce liquid staking into Solana and integrate stSOL into the Solana DeFi ecosystem and Other areas.
Cover Protocol announced that it will launch Cover V2 on the ETH mainnet
Cover Protocol officially announced that on the afternoon of May 11th, Eastern Time, Cover V2 will be launched on the ETH mainnet. The ETH mainnet will launch four pools: Ruler CDS pool, BoringDAO pool, YearnV2 and stablecoin pool. The BSC mainnet will launch a pool, which will expire on May 31. In addition, through the incentives of partners, airdrop rewards will be given to certain Cover Pools liquidity providers.
Acala, Plasm and other Polkadot projects jointly established Polkadot Wasm contract technology alliance
Patract Open Platform (POP for short) was first initiated by Patract Labs and jointly established by dozens of Polkadot ecological projects to establish a public welfare and open Polkadot Wasm contract technology alliance. The founding members are: Patent Labs, Acala, Apron, Coinversation, Manta, Litentry, OpenSquare, Plasm, Bifrost, SubDAO, Standard, Zenlink, Clover, Mathchain, Phala. Patract will provide a series of free and open source tool products and some closed-source service products, and give priority to network docking with platform members, and support secondary development and upper-level development. Open Platfrom will explore the three directions of contract model, contract standard (similar to ERC20 business standard), and Runtime interface customization.
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Sushiswap team developer: Sushi achieved $40 billion in transaction volume in Q1
Today, 0xJiro, the developer of the Sushiswap team, replied to a netizen on Twitter that Sushi achieved a transaction volume of $40 billion in the first quarter, of which xSUSHI holders received a fee of $20 million. In contrast, AAPL paid out $3 billion in dividends to shareholders in the first quarter, $0.22 per APPL holder and $0.36 per xSushi holder.
A single transaction fee of Ethereum has increased significantly in the past three days
According to data from the Tokenview block explorer: yesterday, the average daily single transaction fee of Ethereum was 0.0129 ETH, which was about $53.318, an increase of 267.1% from three days ago. The transaction volume on the Ethereum chain yesterday was 5651473.29 ETH, which is 24 hours compared to the same period last year. The previous increase was 121.84%, and the number of on-chain transactions was 1,733,173, an increase of 2.55% compared to 24 hours ago. As of 10 am today, the total computing power of Ethereum is about 585 TH/S, the recommended gas fee is 291.61 Gwei, and the number of unconfirmed transactions is about 200,000.
The total scale of Ethereum fund asset management reaches a record $16.5 billion
CoinDesk reported that according to a report from CoinShares on Monday, the funds flowing into the cryptocurrency fund decreased by about $116 million to $373 million last week, and some investors have apparently realized it. At the same time, investors’ demand for Ethereum-based investment products continued to rise, with an inflow of $60 million last week and a record total of $16.5 billion in assets under management. CoinShares stated that the Bitcoin fund only reached such a level of total asset management scale in December 2020.
PayPal CEO: It is expected that cryptocurrency will make progress as a form of payment
PayPal CEO Dan Schulman said that there is a huge pent-up demand for the ability to buy, hold or sell cryptocurrencies. He expects to have a pretty good result in cryptocurrency becoming a payment method. In addition, the company expects that cryptocurrency will not only grow in transactional business, but also make progress in its use as a form of payment. Schulman said that the company's Bill Pay product will add more features when it upgrades its digital wallet in the third quarter of this year.
Facebook founder Zuckerberg named his goat "Bitcoin"
Facebook founder Mark Zuckerberg wrote on Facebook on May 11 "My goats: Max and Bitcoin."
Coinbase officially opens DFINITY token ICP trading
Coinbase announced that it has officially opened DFINITY token ICP trading on Coinbase.com, Coinbase Android and iOS apps, and Coinbase Pro. Users can currently buy, sell, exchange, send and receive ICP.
Tether issues an additional 1 billion USDT on the TRON network
According to Tokenview data, Tether issued 1 billion USDT on the TRON network at 00:21 on May 11th. The transaction hash is 49f0a81b494a0db5a9f9dbc7748f16910a24a7bf3c50d63306ddb204a404256f.
142,000 ETHs are transferred between unknown wallets, worth about $550 million
According to Whale Alert data, 142161.53 ETH (approximately $550 million) was transferred from an unknown wallet to an unknown wallet at 9:18 on May 11, and the transaction hash was 0xe2d5597fb9263082fddd50384abf62329616839d87d59c198c3ca0b18c824fcf.
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