Author: Yeek.io

Today the network was attacked by a transaction spam attack that repeatedly called the EXTCODESIZE opcode (see trace sample here), thereby creating blocks that take up to ~20-60 seconds to validate due to the ~50,000 disk fetches needed to process the transaction. The result of this was a ~2-3x reduction in the rate of block creation while the attack was taking place; there was NO consensus failure (ie. network fork) and neither the network nor any client at any point fully halted. The attack has since, as of the time of this writing, mostly halted, and the network has for…

Memecoins have attracted substantial interest because of their high-risk and high-reward nature. Dogecoin and Shiba Inu have established themselves as trendsetters. Now, Pump.Fun, is taking the trend to a new level on the Solana blockchain with a unique proposition to the table–allowing users to create and trade their own tokens easily. The platform currently holds the record for the fastest-growing crypto app by revenue, hitting $100 million in just 217 days. Yet, this rapid rise raises critical questions: Is Pump.Fun genuinely redefining memecoin trading, or is it merely amplifying the speculative and unpredictable nature of this market?  This article discusses…

Ripple’s RLUSD stablecoin outperformed competitors like PayPal’s PYUSD and Circle’s EURC in 24-hour trading volume. Ripple strategically manages RLUSD supply to maintain stability and prevent significant price drops. Ripple [XRP]’s stablecoin RLUSD is rapidly gaining traction, outperforming established rivals like PayPal’s PYUSD and Circle’s EURC tokens in 24-hour trading volume. Despite its relatively young age, RLUSD has demonstrated impressive growth, signaling a strong market presence. This achievement is even more remarkable given its smaller market capitalization compared to its competitors, highlighting the growing confidence in Ripple Labs’ stablecoin innovation. Key areas in which Ripple stablecoin succeeded According to CoinMarketCap, Ripple’s…

Bitcoin continued rising in price over the weekend, reaching a high of $98,300 after finding crucial support at $91,405. The largest crypto by market cap has risen for six consecutive days, coinciding with ongoing demand and supply dynamics.  On the supply side, the mining difficulty and hash rate metrics have jumped to their record highs since the last halving event in April. This trend has pushed the coin’s inflation rate to 1.11%, much lower than the US consumer price index figure of 2.7%. It is also lower than 12%, compared to 2016, while the amount of Bitcoin (BTC) in exchanges…

During the last couple of weeks, the Ethereum network has been the target of a sustained attack. The attacker(s) have been very crafty in locating vulnerabilities in the client implementations as well as the protocol specification. While the recent patches have led to an overall increased resiliency in the client implementations, the attacks have also demonstrated that a lower-level change to the EVM pricing model is needed. For many users, the most visible consequence is probably that they are having difficulties getting transactions included in blocks, and full nodes are facing memory limitations in managing the bloated state. This is…

Originally launched as a collection of 8,888 penguin-themed non-fungible tokens, Pudgy Penguins has grown into one of the standout names in the NFT space. It is part of a creative project that combines endearing artwork with a vibrant community of collectors, enthusiasts, and investors. With physical toys emerging and expansion plans underway, this project bridges the gap between digital art, community building, and global recognition in both digital and physical worlds. What is Pudgy Penguins? Pudgy Penguins is a well-known NFT collection featuring 8,888 adorable, penguin-inspired digital collectibles. Each penguin in the set is distinct, with unique traits that make…

Homepage > News > Finance > China stresses digital asset regulation in financial stability report The People’s Bank of China (PBOC), the country’s central bank, has highlighted global efforts to regulate digital assets in its annual financial stability report for 2024 whilst also noting that Hong Kong is “actively exploring” a digital asset licensing regime. The China Financial Stability Report, released on December 27, included a section dedicated to digital assets, in which the PBOC pointed out that 51 jurisdictions globally have issued bans or restrictions on digital assets. Specifically, it mentioned how some economies adjusted existing laws, such as…

LINK prices have surged by 18% in just three days after retesting a critical support level near $19. The token whale activity intensified as over 1.40 million LINK were accumulated, signaling potential for further rally. Chainlink [LINK] has been at the center of crypto investors’ attention after a recent significant surge. In the last three days alone, LINK surged by about 18% after its bounce off from the key support zone at around $19. The rebound indicates the asset strength despite the volatile market. Source: TradingView Adding fuel to the rally is a notable increase in whale activity. According to…

Ransom victim recounts harrowing ordeal as kidnappers force transfer of life savings. On Dec. 25, 2024, in Karachi, Pakistan, seven suspects—including an officer from the Counter-Terrorism Department—were taken into custody on suspicion of participating in the kidnapping of a cryptocurrency trader and demanding a ransom of $340,000. While confirming that one CTD officer had been arrested, Inspector General of Police Ghulam Nabi Memon stated that attempts were still underway to capture another police officer implicated in the crime. The victim, 30-year-old Mohammed Arsalan, was kidnapped from Manghopir, a well-known neighborhood in the northwestern part of Karachi. According to Arsalan, the…

The Ethereum network will be undergoing a hard fork at block number 2463000, which will likely occur between 12:00 and 13:00 UTC on Tuesday, October 18, 2016. A countdown timer can be seen at https://fork.codetract.io/. As a user, what do I need to do? Download the latest version of your Ethereum client: What happens if I do not participate in the hard fork? If you are using an Ethereum client that is not updated for the upcoming hard fork, your client will sync to the pre-fork blockchain once the fork occurs. You will be stuck on an incompatible chain following…