🔥 BitDegree partnered with Ogvio - a free international money transfer service! Sign up now & grab Rewards! 🎁

Did Ethereum lose its finality?

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Plus: Fed rate cut incoming?

Welcome Ogvio

The future of sending money starts here: Ogvio is LIVE!

Experience instant borderless transfers with no hidden fees 💸

Sign up NOW! 🚀

GM. It's easy to get lost in a fruit salad of crypto opinions, but we're here to separate the bananas from the lemons.

Here's today's carefully-chopped lineup:

🍍 Traders watch the FOMC meeting;

🔒 Ethereum's finality hiccup;

🍋 CryptoUK & Digital Chamber align crypto rules, US banks can facilitate crypto trades + more

Divider

🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.13T 2.04% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $92,043.84 1.73% -0.65%
Ethereum Ethereum ETH $3,332.73 6.69% 7.88%
XRP XRP XRP $2.07 0.20% -4.72%
BNB BNB BNB $891.86 0.62% -0.74%
Prices as of 11:00 AM EST. Click here to see live data.

Market mood rn: everyone's holding their breath like a kid about to open a report card. Calm on the surface. Absolute chaos underneath.

And the reason is simple: the Fed rate decision drops in about an hour.

Yesterday, traders started front-running the idea of a rate cut like it was already confirmed.

Shorts got smoked - roughly $280M liquidated - and every dip turned into a trampoline.

Target rate probabilities chart, 12-10

Source: CME FedWatch

Interpretation? If money gets cheaper, risk gets louder. And so:

👉 If the Fed confirms the cut, BTC could rally;

👉 If they hesitate, this thing could air-pocket back to the $80Ks.

So yeah. It's a macro coin flip.

Very soon, we either get validation… or a very loud reality check.

Divider

🥝 Memecoin harvest

Didn't buy these coins? Prepare your coping memes 😂

Data as of 09:34 AM EST.

Check out these memecoins and plenty more here.

Divider

🔒 Ethereum's finality hiccup

Most of the time, when you're locking your front door, it clicks instantly. You walk away. Life is good.

But once in a while, the lock jams. You jiggle it. You sigh. You question your life choices.

That's pretty much what just happened on Ethereum.

There was a bug in the Prysm client, one of the main software clients used by Ethereum validators (aka the computers that help run the network).

Because of that bug, Ethereum briefly lost something called finality.

Translation: the network couldn't officially guarantee that new transactions were 100% permanently locked in.

Vitalik Buterin confirmed it publicly.

Source: Vitalik Buterin

Source: Vitalik Buterin

Cue the panic 👀

But here's the key detail everyone needs to breathe through:

No funds were lost. No bad blocks were cemented. No chain rollback chaos.

It was just... a pause. Like the lock being stubborn for a minute while the network rerouted and fixed the jam. 🛠️

And here's the part that actually matters:

Ethereum is built so no one - not Vitalik, not the devs, not a hoodie-wearing mastermind - can just fix things instantly. That's decentralization. It's slower. It's messier. But it's why the system survives real stress instead of pretending it doesn't.

And "lost finality" sounds terrifying… until you remember this: Bitcoin doesn't even have true finality at all. As Fabrizio Genovese pointed out, it just gets safer over time.

So zoom out. Ethereum lost its "perfect confirmation" signal for a bit... and still kept running.

That's not a failure. That's the design doing its job.

Divider

🍋 News drops you can't miss

🤝 CryptoUK's joining up with the Digital Chamber in the US so the two can get their crypto rules on the same page. They've both spent years helping shape the rules for crypto on their own turf.

🏦 The Office of the Comptroller of the Currency gave national banks the approval to set up crypto trades between clients without touching any coins themselves. Banks can act as matchmakers for your crypto trades, but never actually hold the crypto.

🕵️‍♂️ Circle launched USDCx, a version of their stablecoin that keeps details private. It means financial institutions can move big sums on public blockchains without everyone seeing what they're up to.

🧑‍💻 Tempo - the blockchain from Stripe and Paradigm - went public with its testnet and made the code open source. Anyone can jump in, run a node, and check out its tools and stablecoin features.

Divider

🍌 Juicy memes

Meme about financial optimism quickly turning into an absurd need for recovery.

Source: @CryptoMemes

Meme about regret in investing in Bitcoin and facing financial losses.

Source: @CryptoTea_

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

Loading...
binance
×
Verified

ZERO FEES

For Ogvio Money Transfers
Rating
5.0