Meet the Beam Chain
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 📈 BlackRock’s Bitcoin ETF Hits Record Volume. IBIT smashes records as BTC pushes to higher highs.
- 🐕 Dogecoin Moons with Elon Musk in the Limelight. DOGE is trading higher than it has in years, in part thanks to Elon Musk's rising influence.
- 🔴 MicroStrategy Stock Hits ATH Thanks to Bitcoin Surge. Institutions may take a closer look at BTC, with MicroStrategy's stock on a major rebound.
📸 Daily Market Snapshot: Bitcoin is fighting to break through $90,000 as it continues its post-Trump surge. With record ETF volumes, more MicroStrategy buys, and signs of returning retail interest, bitcoin pumped to just shy of the milestone this week, resting at $89,956. How long until it pumps to $100K?
| Prices as of 5pm ET | 24hr | 7d |
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Crypto $2.96T | ↘ 0.2% | ↗ 28.7% |
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BTC $88,650 | ↗ 0.6% | ↗ 27.6% |
|
ETH $3,284 | ↘ 1.7% | ↗ 35.5% |
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HNT $5.94 | ↘ 7.8% | ↗ 1.6% |
Ethereum’s underperformance over the past two years post-Merge has triggered plenty of community concern around potential narrative weakness stemming from the prioritization of a rollup-centric roadmap.
In hopes of presenting Ethereans at DevCon with a new technical north star to rally around, prolific Ethereum Researcher Justin Drake unveiled his proposal for a major rehaul of the Ethereum consensus layer, dubbed Beam Chain.
tl;dr Beam Chain is a proposed endgame solution for Ethereum’s consensus layer that will “SNARKify” the state transition function to:
- Enable 4-second slot times and single-slot finality
- Retain or improve upon current decentralization guarantees
- Eliminate block reorganization-based MEV opportunities
- Make the Ethereum Network quantum-resistant
Here’s everything you need to know about Justin Drake’s proposed Ethereum redesign 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.