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A prominent historian who wrote the book about Ethereum’s creation cannot find an answer to a simple question. No matter how many times she’s asked — as recently as yesterday — no one will tell her how many votes Vitalik Buterin controls over the Ethereum Foundation and its $400 million treasury. It’s a question that impacts millions of ETH tokenholders around the world, including hundreds of thousands of wallets that transact on any given day. Laura Shin, author of the book The Cryptopians about the formation and early years of Ethereum, has asked one question for years. Does Vitalik Buterin have three supervotes, or do the four board members vote equally? There are four current directors on the board of the Ethereum Foundation: Vitalik Buterin, Aya Miyaguchi, Hsiao-Wei Wang, and Patrick Storchenegger. With many changes in leadership over time, Buterin is a founding member and widely recognized as the project’s leader. However, the foundation r...

Decentralized Finance: A Catalyst for Global Financial Inclusion! In the modern financial landscape, traditional banking systems have often excluded millions of people worldwide due to geographic, economic, and regulatory barriers. However, decentralized finance (DeFi) is emerging as a game-changer, offering financial services that are open, permissionless, and accessible to anyone with an internet connection. Breaking Barriers with DeFi Unlike conventional financial institutions that require extensive documentation, credit history, and physical branch visits, DeFi operates on blockchain technology, allowing users to access banking services from anywhere in the world. Through decentralized lending, borrowing, staking, and yield farming, individuals can earn a passive income and grow their wealth without relying on intermediaries. Empowering the Unbanked According to the World Bank, over 1.7 billion adults remain unbanked. DeFi solutions such as smart contracts and decentralized exchan...

The new native token of an artificial intelligence (AI) bot project surged by more than 23% after Coinbase added the asset to its listing roadmap. Freysa AI’s native asset, FAI, is trading at $0.0226 at time of writing, up from around $0.0183 a day ago. The 298th-ranked crypto asset by market cap launched in late November. Freysa AI aims to be “the first truly sovereign AI agent.” The project’s AI agent has overseen a series of games designed to test human interaction with powerful artificial intelligence systems. For example, in November, entrants used prompts to “trick” the Freysa AI into authorizing a transfer of prize pool funds. Each prompt cost a fee that in turn increased the prize. Being added to Coinbase’s listing roadmap means that the top US crypto exchange is considering adding trading support for the asset in the near future. The roadmap was created in 2022 to increase transparency and reduce the possibility of inv...

Pump Fun is facing calls to disable its livestream feature after a weekend of chaos saw, amongst another things, a man hold a goldfish at gunpoint, a kid threaten to murder his family, and another man promise to relieve himself while trapped in a dog cage.  The token creation website was hit with very public backlash on X by shocked users. Among these was Pudgy Penguins’ safety project manager, who posted, “Shut down the livestream feature. This is out of control.” A core engineer for Eigen Labs also voiced their displeasure, saying, “Pump fun is going to screw over the entire industry.”  Even before the weekend began, Pump Fun co-founder Alon stressed, “With the live streaming meta in full force, there have been many people that came forward with some very legitimate concerns regarding what content is allowed on the platform.” He added, “Moving forward, we will try to be more transparent about the rules ,” and noted that Pump Fun does engage in moderation. However, de...

Ripple, XRP Ledger’s (XRP) core developer and largest holder, will unlock 1 billion tokens this Friday, November 1. At current prices, this unlock has a nominal value of above $520 million, part of which Ripple will eventually sell. Notably, the currently locked 1 billion XRP—together with over 40 billion more—is not counted as XRP’s circulating supply. Thus, unlocking and selling a fraction of these tokens will effectively inflate XRP’s supply, diluting other holders’ value. This dilution’s effects can be varied, potentially even directly affecting XRP’s price as the market speculates on the potential outcomes. Interestingly, XRP dropped aggressively on October 1 and 22, right after last month’s unlock and 200 million tokens’ selling, respectively. Picks for you What will Nvidia stock price b...

The Rise of Decentralized Derivatives Markets! The world of finance is undergoing a seismic shift, driven by the emergence of decentralized finance (DeFi). One of the most promising areas within DeFi is the development of decentralized derivatives markets. These markets offer a new paradigm for trading financial instruments, promising greater efficiency, transparency, and accessibility. Understanding Decentralized Derivatives Derivatives are financial contracts that derive their value from an underlying asset, such as a stock, commodity, or cryptocurrency. Traditional derivatives markets are centralized, meaning they are controlled by intermediaries like banks and exchanges. Decentralized derivatives markets, on the other hand, operate on blockchain technology, eliminating the need for intermediaries. Key Benefits of Decentralized Derivatives Increased Efficiency Decentralized derivatives markets can streamline the trading process by automating many tasks and reducing settlement times...