Ethereum

Vitalik Buterin, Ripple’s Chief Technology Officer Engage in Twitter Spat over XRP

While Ripple executives claim that Ripple has been unfairly treated at the SEC, Ethereum frontman Vitalik Buterin is not exactly silent. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.”

The latest feud also started with a discussion of new regulatory changes in Canada with Ontario-based crypto exchanges – Bitbuy and Newton – imposing a 30,000 CAD annual “buy limit” for “restricted coins” for their users to “protect consumers” amid tightened regulations, except for altcoins – Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

This is when Buterin intervened and praised Ethereum for opposing regulations that favor Ether over legitimate crypto-assets. David Hoffman, Bankless.eth founder replied by saying he wouldn’t have said anything if Ontario Exchanges had restricted XRP. Buterin responded with ,

“XRP already lost the right to protection after they tried to make us feel stupid as “China-controlled imo .”

“.

Ethereum-Ripple Feud

Buterin lambasted Ripple for labeling Bitcoin and Ethereum as controlled by China back in 2020. After the founder stated that the blockchain company, which is currently involved in a fight against the SEC, had fallen to “new levels .”

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Biterin’s latest anti-XRP statement has gained significant traction, so much that David Schwartz couldn’t resist. Once again, the Ripple CTO reaffirmed his company’s stance of Bitcoin and Ethereum being securities while comparing miners of the two networks with shareholders of eBay.

” The goverment should penalize projects that disagree with the narrative” seems to be a good ETH slogan. It’s fair to compare miners in PoW systems with stockholders in companies. The residual friction between buyers/sellers that eBay doesn’t remove is what eBay’s stockholders make, and so does the stockholders of eBay. So do miners in ETH/BTC

Schwartz asked Buterin if the matter should be decided by the market or government.

Ripple Lawsuit

The status of crypto-assets is a matter of dispute for many years. The US Securities and Exchange Commission (SEC vs. Ripple) case will provide much-needed clarity for the industry.

The regulatory agency claimed that Ripple sold XRP, an illegal security product. However, the company claimed several victories in its continuing legal battle while the SEC has been at the receiving end of significant mockery. This could indicate that a verdict is possible.

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Ethereum

Ethereum Layer 2 Arbitrum One Surpasses 1 Billion Transactions

Arbitrum One, the Ethereum Layer 2 optimistic rollup, has surpassed 1 billion transactions this week. This feat was accomplished by Arbitrum One within three years of its mainnet launch in August 2021.

As of October 1st, Arbiscan recorded a total of 1.003 billion transactions.

In comparison, Coinbase’s Layer 2 network, Base, has logged 755 million transactions so far, while OP Mainnet trails with 347 million.

Notably, Arbitrum One also leads in total value locked (TVL) among Layer 2 solutions, currently sitting at $14.3 billion, with Base at $7.32 billion and OP Mainnet at $6.57 billion, according to the data compiled by L2Beat.

Earlier last month, stablecoin issuer Paxos announced its plans to launch its products on Arbitrum One. The main objective behind the partnership is to further institutional integration onto the Arbitrum network and bring real-world assets on-chain.

Via Arbitrum, the company intends will tap into Ethereum’s deep liquidity at higher speeds and low cost and engage Arbitrum’s active DeFi ecosystem.

While weighing on choosing Arbitrum One as the first Layer 2 chain to integrate with Paxos, Walter Hessert, the company’s Head of Strategy, commented,

“We are excited to partner with Arbitrum to bring more real-world assets on-chain. Arbitrum is known for its speed, security and scalability, which is critical to driving long-term adoption of digital assets across industries. In the next three years, the adoption of stablecoins by both retail and institutional users will explode and Paxos will drive that paradigm shift.”

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Ethereum

Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui

The Sui Foundation has introduced the Sui Bridge on mainnet, enabling secure asset transfers between the Ethereum and Sui networks. This bridge focuses on simplifying the movement of assets across chains, starting with ether (ETH) and wrapped ether (WETH). Sui Rolls Out Bridge for Asset Transfers Between Ethereum and Sui According to the foundation’s blog [……
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Ethereum

Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus

Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction fees and limited impact from U.S. spot exchange-traded funds (ETFs…
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