Crypto markets could get a lift as Politico reports the US Senate has reached a deal on a multi-part budget bill to end the government shutdown. The crypto market could soon see some much-needed relief after the US Senate reached an agreement on a three-part budget deal to end the government shutdown, Politico reports. Pending legislation to fund the US government has more than enough support to pass the 60-vote threshold, Politico reported on Sunday, citing two people familiar with the matter. It was Republican Senate Majority Leader John Thune’s 15th attempt to win Democratic support for a House-approved bill, putting the record 40-day government shutdown within reach of being lifted. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Trump announces possible $2,000 tariff ‘dividend’ for Americans, Robert Kiyosaki predicts Bitcoin will reach $250,000 and gold $27,000 by 2026. Meanwhile, a crypto analyst mulls over altcoin season approaching. United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from revenues collected from tariffs, which are currently undergoing legal review by the US Supreme Court. Trump maintained that the Executive Branch has the right to impose tariffs on other countries and floated the possible dividend in a Truth Social post: Read more
The cheap network fees are a boon for traders but could signal long-term fundamental issues with Ethereum's revenue generation model. Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash. The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital asset to another blockchain network will cost users $0.04, and onchain borrowing costs $0.09 at the time of this writing, according to Etherscan. Ethereum network transaction fees hit a recent high of 15.9 Gwei on October 10, the day of the market flash crash that caused some altcoins to shed over 90% of their value within 24 hours. Read more
Large, long-term crypto and Bitcoin investors continue to sell into the market, keeping asset prices from hitting a blow-off top. Crypto whales and long-term holders are cashing out, exerting constant selling pressure on markets, and keeping crypto prices suppressed, similar to market dynamics following the 2000s dot-com stock market crash, according to analyst Jordi Visser. Visser said the current price action in the crypto market is reminiscent of the period following the 2000 dot-com stock market bubble, which crashed stocks by up to 80%, followed by 16 years of consolidation before they regained their previous highs. This meant that venture capitalists, who invested in tech during the crash, were forced to hold their investments due to mandated lock-up periods as they treaded water and then desperately sold into the markets as soon as they were able to, Visser said. He added: Read more
Investors saw the announcement as a positive catalyst for crypto markets, but the proposed stimulus hinges on a Supreme Court ruling. United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from the tariff revenue and criticized the opposition to his sweeping tariff policies. “A dividend of at least $2000 a person, not including high-income people, will be paid to everyone,” Trump said on Truth Social. The US Supreme Court is currently hearing arguments about the legality of the tariffs, with the overwhelming majority of prediction market traders betting against a court approval. Kalshi traders place the odds of the Supreme Court approving the policy at just 23%, while Polymarket traders have the odds at 21%. Trump asked: Read more
Explore how the Condorcet paradox exposes the limits of perfect fairness in blockchain consensus. For decades, research in distributed systems, especially in Byzantine consensus and state machine replication (SMR), has focused on two main goals: consistency and liveness. Consistency means all nodes agree on the same sequence of transactions, while liveness ensures the system continues to add new ones. Still, these properties do not stop bad actors from changing the order of transactions after they are received. In public blockchains, that gap in traditional consensus guarantees has become a serious problem. Validators, block builders or sequencers can exploit their privileged role in block ordering for financial gain, a practice known as maximal extractable value (MEV). This manipulation includes profitable frontrunning, backrunning and sandwiching of transactions. Because transaction execution order determines validity or profitability in DeFi applications, the integrity of transaction ordering is vital for ...