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Ethereum co-founder Vitalik Buterin and Cardano founder Charles Hoskinson locked horns Wednesday over the role of crypto in political allegiances. Buterin kicked things off with an essay. Hoskinson fired back on social media. Buterin's piece, "Against choosing your political allegiances based on who is 'pro-crypto'", warns against single-issue voting. He's worried about the growing politicization of crypto. This trend has gained traction lately. Former President Donald Trump, a top 2024 contender, has gone "pro-crypto". He's snagged endorsements from industry bigwigs like Kraken's Jesse Powell and Gemini's Winklevoss twins. Buterin's not having it. He says backing politicians solely on crypto stance is short-sighted. Politics is complex, he argues. It's not just about who wins the next election. "The game of politics is much more complicated," Buterin writes. He's concerned this narrow focus could backfire. Politicians might think pro-crypto talk alone is enough to win support. Buterin reckons this approach could lead to neglect of other crucial issues. Privacy rights, governance ethics, and international cooperation could take a back seat. He's not pulling any punches. "By publicly giving the impression that you support 'pro-crypto' candidates just because they are 'pro-crypto', you are helping to create an incentive gradient," Buterin states. He thinks this could dumb down political discourse. Buterin wants the crypto community to think bigger. "If a politician is pro-crypto, the key question to ask is: are they in it for the right reasons?" he challenges. Hoskinson's not buying it. The Cardano founder hit back on X, arguing for pragmatism. He reckons backing crypto-friendly politicians is crucial, given the hostile regulatory environment. "My first goal has always been to keep government out of crypto completely," Hoskinson writes. But where that's not possible, he says the choice is clear: support pro-crypto candidates. Hoskinson's got no time for Buterin's nuanced take. "Politics is a game of cause and effect," he states bluntly. He thinks politicians need to learn that harassing crypto means losing votes. The Cardano chief is pulling no punches. He's dead set against Central Bank Digital Currencies, lawsuits targeting non-custodial wallets, and what he sees as the criminalization of crypto leaders. Hoskinson's not mincing words about the 2024 US election. "A vote for Biden is a vote for the death of the American crypto industry," he claims. He's backing Trump, citing the former president's crypto-friendly stance. The Cardano founder's final salvo? "It has to stop, and it won't if there aren't political consequences. So in 2024, #VoteCrypto," he declares. At the time of writing, Cardano was trading at $0.449.

Vitalik Buterin, co-founder of Ethereum, has executed a significant ETH transaction. But the transfer has attracted attention due to its destination, rather than the amount. On July 6, Buterin moved 99.9 ETH tokens, that's approximately $300,000. The recipient was a wallet address starting with 0x82 for the Gnosis Safe Proxy. Blockchain analytics platform Arkham Intelligence spotted the transaction. On-chain data confirmed it. Buterin used one of his main wallet addresses for the transfer. Reports suggest the recipient is the 2077 Collective. This is a community-driven organization. It promotes Ethereum blockchain adoption. The 2077 Collective comprises creatives, researchers, developers, and marketers. They aim to improve Ethereum's adoption and fuel growth. The organization plans to expand Ethereum's presence within and beyond the crypto space. Large transfers by prominent figures often lead to market speculation. This transaction comes as Ethereum's price shows fragility. As we all witnessed, the cryptocurrency has declined nearly 20% in the past month. Buterin has a history of ETH donations. In 2023, he revealed never selling Ethereum for personal gain since 2018. His transfers have mainly been charitable donations. Arkham Intelligence data shows Buterin's personal wallet holds approximately $1.99 million. The majority is in Ethereum, with 357,273 ETH and various other altcoins. He doesn't appear to be holding any Bitcoin, which seems surprising. Or maybe, not.

Ethereum co-founder Vitalik Buterin has addressed concerns about the network's potential shift towards centralization. His comments come in response to recent criticisms from Doug Colkitt, founder of Ambient Finance. Buterin comes up to protect the network he helped to create, but he also brings some very fresh, even unexpected, narrative to the table. Buterin emphasized the need to reduce the current 32 ETH staking requirement. This amount currently equates to approximately $111,000. "Every poll I make confirms the same thing: the #1 thing in becoming more home staking friendly is to reduce the 32 ETH requirement," Buterin stated. The Ethereum co-founder's stance is based on consistent community feedback. It highlights the importance of lowering financial barriers to make staking more accessible, simply because people think the levels to enter ETH staking are way too high for an average user. Colkitt, however, argues against relying on data centers for Ethereum. He believes protocols unable to run on consumer hardware risk losing censorship resistance. Colkitt calls for a rigorous engineering approach to home staking. "If Ethereum wants to be a home staking network, it has to be as rigorously engineering-driven as high throughput chains like Solana," Colkitt asserted. He advocates for strict service level agreements for typical home stakers. Buterin pointed to solutions like Orbit and Solo Staking Friendly (SSF) validator set management. These innovations aim to simplify the staking process for smaller participants. The Ethereum co-founder also expressed optimism about "hyper-aggregation". This concept involves aggregating up to 1 million signatures within a 12-second slot. It's designed to be quantum-resistant. However, Buterin acknowledged that fully developing this technology will take time. It requires careful consideration of associated risks.

Telegram’s “The Open Network” (TON) blockchain has been consistently outperforming Ethereum in terms of daily active addresses throughout this month, analysts say. Telegram, a popular messaging app, created by Russian emigrant Pavel Durov, is not only competing against WhatsApp and Signal, it's also making waves in crypto world. TON blockchain is now emerging as a serious competitor to Vitalik Buterin's Ethereum, a current king of blockchain solutions. According to a recent post on X from Delphi Digital, a prominent firm, TON’s daily active addresses have surpassed Ethereum. Analysts think this success can be attributed to Telegram’s colossal user base of 900 million. TON’s popularity relies on Telegram’s wide distribution, Delphi Digital concludes. Another analyst company, Artemis, has published their report, showing that TON and Ethereum have been closely competing in a number of daily transactions since May 17. That figure shows how many unique wallets were active on a given day. In June, TON was surpassing Ethereum on 10 out of the 11 days so far. There even was a day when TON reached a peak usage level, which Ethereum wasn't able to grasp since September 2023. That happened on June 3, when TON had a little over 568,000 transactions. Despite these impressive figures analysts say there is a need to consider the broader context. Direct comparison of TON and Ethereum might be unfair because of all the recent technological advances the latter has reached. Ethereum has many layer 2 solutions up and running now. A significant number of transactions have migrated there. And they can't be measured using traditional metrics mentioned above. Even without beating Ethereum, TON can celebrate a significant surge in popularity. Several factors to blame here. Integration of Tether (USDT) on TON is the most prominent of them. As well as raising user base of Notcoin, a "tap-to-earn" token.

Vitalik Buterin, the co-founder of Ethereum, has voiced strong criticism against celebrity-endorsed memecoins. He believes these tokens, often backed by public figures, lack real value and mislead investors. We love Buterin for his honesty, and there was no disappointment this time. In his remarks, Buterin specifically mentioned tokens like “The Rock” and “Coco Coin.” He pointed out that these coins are often marketed based on the fame of their endorsers rather than any technological or financial merit. Buterin’s comments highlight a critical issue in the crypto market: the impact of celebrity influence on investor behavior. This criticism comes amid a surge in the popularity of memecoins. These digital assets are often promoted by celebrities on social media, leading to significant price volatility. Buterin argues that these endorsements can cause uninformed investors to suffer financial losses. The Ethereum co-founder’s stance is shared by other prominent figures in the crypto industry. Many believe that the hype around memecoins detracts from the potential of blockchain technology to bring about meaningful innovation. This sentiment is echoed by regulators who are increasingly scrutinizing the market. Buterin’s comments also come at a time when the crypto market is under significant regulatory pressure. Governments worldwide are stepping up their efforts to regulate the sector, aiming to protect investors from fraud and market manipulation. Buterin’s critique aligns with these regulatory goals, advocating for a more transparent and responsible crypto ecosystem.