The post Ethereum’s Ambitious Plan to Scale TPS to 2,000 with 100x Gas Limit Boost appeared first on Coinpedia Fintech News Dankrad Feist, a researcher from Ethereum, has unveiled a four-year plan to increase the blockchain’s gas limit by 100x. This ambitious move could potentially raise Ethereum’s transactions per second (TPS) to 2,000, significantly improving the blockchain’s scalability and performance. The plan aims to enhance Ethereum’s efficiency, paving the way for a more robust and faster network to handle growing demand in the crypto space.
In a significant development for traders, Binance has announced the upcoming launch of the JSTUSDT perpetual contract, set for April 28, 2025, at 17:30 (UTC+8). This new trading option will
The post Nexo Returns to the U.S. Market with New Offerings appeared first on Coinpedia Fintech News Nexo has officially reentered the U.S. market, offering high-yield crypto savings accounts, asset-backed credit lines, and trading and liquidity services for both retail and institutional clients. The announcement was made at a special business event, attended by figures such as Donald Trump Jr. This comes after Nexo’s partial exit in late 2022, when it stopped providing its Earn Interest product in eight states and halted new user registrations across the U.S.
Ethereum-based fixed-rate lending platform Term Finance has recovered $1 million of the $1.6 million lost due to a misconfigured oracle that triggered erroneous liquidations in its Treehouse (tETH) market. In a statement posted on X , Term Finance detailed the recovery efforts, noting that 223.197 ETH (approximately $400,000) was recaptured internally, while an additional 333 ETH (around $600,000) was secured through negotiations. The outstanding loss now stands at 362.03 ETH, valued at roughly $650,000 — a significant reduction from the initial impact of 918 ETH. Term Finance Clarifies Oracle Incident Was a Bug, Not a Hack Addressing concerns raised by security analysts, Term Finance clarified that the incident was not the result of a hack. Instead, a bug in an updated ETH oracle caused the liquidation error. “No smart contracts were exploited, and user funds were not directly targeted,” the team emphasized. However, details regarding the negotiation process for the returned funds remain undisclosed, and Term Finance has yet to provide further comment. An update on our ongoing recovery efforts after yesterday’s oracle issue: The total outstanding loss is now 362.03 ETH (~$650K) — significantly reduced from the original 918 ETH impact. Of the original loss: 223.197 ETH was captured internally, 333 ETH was successfully… — Term Labs (@term_labs) April 27, 2025 This oracle mishap adds to a growing list of recent vulnerabilities within the DeFi sector. Just days earlier, Solana-based platform Loopscale suffered a $5.8 million exploit , while crypto exchange Bitget reported a $20 million loss after coordinated manipulation of a lesser-known token market. Bitget has announced legal action against eight accounts linked to the incident. Additionally, Impermax Finance fell victim to a flash loan attack over the weekend, resulting in losses exceeding $150,000, according to security firm TenArmor. The protocol confirmed the breach, promising a detailed post-mortem once investigations conclude. Recoveries in such cases remain inconsistent across the industry. Bybit CEO Ben Zhou recently disclosed that following a $1.4 billion hack in February, nearly 28% of the stolen funds had become untraceable after being laundered through mixers and peer-to-peer platforms. Only a fraction (3.84%) has been successfully frozen. Crypto Lost $1.6 Billion to Hacks in Q1 In the first three months of 2025, the crypto ecosystem lost a whopping $1,635,933,800 across 39 incidents, according to the blockchain security platform Immunefi . The report claimed, “Q1 2025 marks the worst quarter for hacks in the history of the crypto ecosystem.” Most of that was the result of only two hacks of two centralized exchanges. Phemex suffered a $69.1 million loss in January, while Bybit lost $1.46 billion in February. Subsequently, the total number of losses in the first quarter marks a 4.7x increase compared to Q1 2024 . At that time, hackers and fraudsters stole $348,251,217. Notably, experts assume that the infamous North Korean Lazarus Group is behind the two largest attacks. They stole $1.52 billion, which is 94% of total losses. The post Term Finance Recovers $1M After Oracle Error Triggers $1.6M Liquidation Loss appeared first on Cryptonews .
Warren and Schiff cite "pay to play" concerns after the Trump token surged following the promise of an exclusive dinner with the President.
Adam Back forecasts Bitcoin will hit $500,000 to $1 million by year-end. Bitcoin is in the early stages of a significant new bull cycle. Continue Reading: Blockstream CEO Predicts Bitcoin Prices Will Skyrocket by Year-End! The post Blockstream CEO Predicts Bitcoin Prices Will Skyrocket by Year-End! appeared first on COINTURK NEWS .
Swiss supermarket chain Spar is making waves by integrating Bitcoin payments across its locations, following successful trials in Zug and Kreuzlingen. This move is indicative of the growing acceptance of
Binance has announced the launch of Fund Accounts, a solution designed for fund managers to pool investor assets based on trading strategies. This offering allows fund managers to consolidate externally-raised investor assets into one or multiple omnibus accounts, streamlining operations and enhancing trading efficiency. Fund Accounts enable simplified portfolio management, flexibility in strategy execution, and
Binance Futures to Launch USD-Margined JST USDT Perpetual Contract 💰Coin: JST ( $JST ) $0.03941
Cardano creator Charles Hoskinson has warned that the blockchain’s decade-long experiment in decentralized governance could stumble unless holders approve a “package” budget that keeps his company, Input Output Global (IOG), at the center of the protocol’s next growth phase—a phase he believes could propel ADA to between $3 and $10. Speaking during a livestream on the weekend, the visibly hoarse founder told viewers that he has “drawn a line in the sand” after spending the past five years “working for free” on Cardano-core code. The livestream was triggered by fierce debate over a treasury-funded interim budget that must be reconciled by elected delegate representatives (DReps) before the network’s first on-chain fiscal year closes. “We say, hey, 50, 60, 70 million [ADA] and it could double, triple, quadruple the size of the ecosystem,” Hoskinson said. “We could be looking at $3 ADA, $5 ADA, $10 ADA.” Hoskinson argued that Cardano can only stay relevant if the community backs a cohesive engineering roadmap rather than cherry-picking line items for cost savings. The document on the table —already endorsed in principle by a majority of DReps—sustains roughly 150 full-time IOG engineers and dozens of research scientists. It funds work on new scalability primitives such as state channels, roll-ups and new iterations of Leios, alongside continued investment in the Mithril light-client ecosystem, privacy-preserving partner chains and interoperability tooling that Hoskinson says are critical for attracting developers and total value locked. “You’re funding the IOG vision,” he said. “You’re getting my time, my company’s time, our strategy. The price is the price.” IOG, which wrote every line of Cardano’s original codebase, stopped receiving any revenue tied to its 2015 token-generation event when those contracts expired in 2020. Since then, the firm has financed protocol upgrades and market-bridging infrastructure “out of pocket,” Hoskinson said, including tens of millions of dollars to list native Cardano assets with custodians and exchanges. A Cardano Treasury With Limits Cardano’s on-chain treasury now holds about 1.7 billion ADA. In February, 72% of voting wallets approved a net change limit that caps the forthcoming reconciliation to 350 million ADA. Hoskinson applauded that guard-rail but reminded holders that it is up to DReps to allocate within the ceiling—and to decide whether IOG’s ask constitutes value. He likened the current fight to building a smartphone “by committee”: “You have a camera, CPU, memory, antennas… Could you imagine how difficult it would be to build a phone by committee? You’d never build a competitive product.” If DReps vote down the bundle or fund only fragments, IOG will “responsibly start pulling out” after completing the Leios upgrade, reallocating engineers to other ventures—including Midnight , a privacy-focused partner chain that Hoskinson believes will bring “millions of users” and make Cardano “the largest AVS system” in crypto. “You can fire the vendor,” he conceded, but warned that gutting the core team risks losing one of “the most elite engineering and research teams in the world for cryptocurrencies.” Hoskinson rejected accusations that the proposal contradicts Cardano’s decentralization ethos. Decentralization, he said, does not mean the absence of leadership; it means the right to hire—and fire—custodians of a shared product vision. “There is nothing contradictory about a decentralized ecosystem hiring somebody to take care of your vision and product for a time period,” he said. Still, he acknowledged frustration with what he called the ecosystem’s “political learned helplessness,” urging delegates to move from social-media vitriol to concrete budget decisions: “Twitter’s not reality… let’s build the budget, vote yes or no, and move on.” With the reconciliation window opening, ADA holders face a stark choice: retain IOG as strategic steward at the quoted cost, or redirect treasury funds to newer collectives such as Pragma, TXPipe or DC Spark and accept the risks of a slower, more diffuse development pace. Hoskinson framed the decision in blunt economic terms: “I’m not Elon Musk asking for a $50 billion pay package. I’m just simply saying I want you to cover the expenses of my engineers and leave a little profit there for us… If you like that, vote yes. If you don’t, vote no—but then pick another person to do this.” At press time, ADA traded at $0.71.