Ethereum developers foiled a “mischievous” miner’s attempt to expedite Ethereum’s transition to Proof-of-Stake on a public testnet by two weeks. Developers expect Ethereum’s Eth2 Beacon Chain to merge with Ethereum’s mainnet this autumn. The transition, known as “The Merge”, will change the chain to Proof-of-Stake consensus and abandon Proof-of-Work miners.  Ethereum’s developers want to trial…

Ethereum inventor Vitalik Buterin said that algorithmic stablecoins should be scrutinized according to how they fare under extreme market conditions, and whether they can safely wind down when hype falls away. Despite the recent collapse of UST and LUNA, which knocked UST from its $1 peg and wiped billions from the market, Buterin argued in…

Terra is forking its blockchain and ditching UST, the algorithmic stablecoin that collapsed in dramatic fashion two weeks ago. 

Crypto users are speculating that Optimism could drop its OP token as early as tomorrow.

A hacker stole Seth Green’s Bored Ape just weeks before the NFT was set to star in a TV show the Family Guy actor had written about the JPEG. But the show could air even if Green can’t get it back, Jordan Teague, co-founder of web3 law firm The Antifirm, told The Defiant. Green said…

Web3 blog platform Mirror now lets writers sell their essays as NFTs. Mirror, a kind of Medium meets Web3, lets bloggers publish essays on the Ethereum blockchain, then vote on the best ones with the platform’s governance token.  Upstart writers could already sell NFTs on the platform and hold crowdsales – they’ve raised $15.36M since…

The Eth2 Beacon Chain’s validators fell out of step on May 25 after a client update boosted some clients but caused confusion among validators who hadn’t bothered to upgrade. The incident, called a blockchain reorganization, happens when nodes disagree on the order of the most recent block. Blockchains order blocks – batches of transactions –…

Web3 gaming, DeFi, zero-knowledge proofs, decentralized social media, self-sovereign identity and layer 1 and 2 infrastructure are among the fund’s areas of focus.

Flowcarbon has raised $70M in a token sale led by a16z. It will offer crypto-based carbon credits.

17,000 addresses have been disqualified from the Optimism airdrop with 14M OP tokens reallocated.