According to Cointelegraph, Rebar Labs plans to introduce the first Bitcoin-native platform aimed at shielding traders from Maximum Extractable Value (MEV) strategies, such as frontrunning, by the end of 2024. CEO Alex Luce highlighted the growing risks in Bitcoin’s ecosystem of decentralized exchanges (DEXs) and layer-2 scaling solutions (L2s), which have reinvigorated the blockchain network but also exposed traders to harmful MEV practices. Luce explained that MEV, particularly frontrunning, is becoming increasingly common on Bitcoin. Rebar’s Shield aims to be Bitcoin’s equivalent of Ethereum’s Flashbots, which has protected approximately $43 billion worth of DEX transactions from MEV since 2021, according to Dune Analytics. Shield is designed to protect traders from harmful MEV while promoting interoperability among Bitcoin’s fragmented DEX ecosystem. Luce noted that Bitcoin’s DEXs are not very interoperable, leading to fragmented liquidity. Good MEV can help even out prices and assist users with execution. Rebar’s Shield also aims to enhance returns for Bitcoin miners, who process transactions and post them to Bitcoin’s blockchain ledger. Luce mentioned that Rebar is in discussions with major miners to launch Shield with a significant portion of the Bitcoin network’s hashrate on board. Bitcoin’s 2021 Taproot upgrade enabled the network to support more complex activities, including creating and trading other types of tokens and minting non-fungible tokens (NFTs). However, Bitcoin-native decentralized finance (DeFi) is still in its early stages and largely limited to crypto-native traders. Luce pointed out that daily trading volume is currently in the millions, which is not significant. He views the current state of Bitcoin-native DeFi as an early beta phase with limited user interaction. The target user base is expected to evolve over the next 12 to 24 months. Meanwhile, Bitcoin-native L2s such as Babylon, Core Chain, Rootstock, and Stacks are gaining traction. The total value locked (TVL) on Bitcoin’s L2s stands at approximately $2 billion as of Oct. 18, according to DefiLlama. Luce emphasized the importance of good execution on Bitcoin, warning that traders might move to L2s if execution on Bitcoin does not improve. He believes this would be a missed opportunity, given Bitcoin’s potential as a market.

The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce. source: https://cointelegraph.com/news/rebar-bitcoin-native-mev-shield-end-2024-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Stablecoins have achieved several milestones since the beginning of the year, hitting a new high of $172 billion in market capitalization. source: https://cryptopotato.com/usdt-and-usdc-account-for-50-of-transaction-volume-among-crypto-assets-itb/

Bitcoin is roaring back. While everyone has been fixated on the stock market, Bitcoin has been creeping up, launching a bull market that most weren’t paying attention to. In the last 12 months, the total crypto market has added $1.3 trillion in value. If Bitcoin were a company, it would now rank as the eighth […] source: https://www.cryptopolitan.com/bitcoin-quietly-ignites-a-bull-run-as-attention-stays-on-stocks/

The Fairshake and Defend American Jobs PACs reported media buys for GOP and Democratic candidates in the House of Representatives ahead of the elections. source: https://cointelegraph.com/news/crypto-super-pac-spending-candidates-early-voting?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

New developments in the SEC’s lawsuit against Binance indicate the regulator is ratcheting up its case against SOL and other crypto tokens—not backing down, as some had hoped. source: https://decrypt.co/287253/sec-isnt-backing-off-solana-binance-latest

Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry. source: https://cointelegraph.com/news/montenegro-suspends-do-kwon-extradition?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/DaanCrypto/status/1847367547521552550

Ethereum whales have been gobbling up ETH in the past month, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that whale wallets holding more than 0.1% of the total Ethereum supply added more than 1.7 million ETH in net inflows to their combined holdings in the past 30 days. Over that month-long period, there […] source: https://dailyhodl.com/2024/10/18/ethereum-whales-gobble-up-1700000-eth-in-just-30-days-signaling-confidence-intotheblock/

Dogecoin (DOGE) price is up 10% in the last 24 hours, catching the eye of traders with increased activity. The recent surge in trading volume and trend indicators like ADX reflect growing interest in the market. This bullish momentum is further supported by the positioning of DOGE’s EMA lines, pointing to a potential continuation of the uptrend. If this strength holds, DOGE could soon... source: https://beincrypto.com/dogecoin-doge-price-climbs/

Sony is actively moving into Web3 by acquiring centralized exchanges, launching the Soneium blockchain mainnet, and developing stablecoins, aiming to build a comprehensive ecosystem and accelerate digital transformation.

Meme, step-by-step teaching, practical guide to ambush 100x Meme coins, Golden Finance, nanny-level step-by-step breakdown, with pictures and tutorials, guaranteed to teach you until you learn it.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

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Omni is critical infrastructure that combines the composability of the Ethereum ecosystem with the Solana user experience.

The multi-chain structure is an inevitable development in the Web3 era. For the next step in the development of the Web3 world, whether cross-chain transactions can be optimized, simplified, and further release liquidity will be a critical challenge.

From V1 to V4, from UNI X to UNIChain, how far is UNI from the ultimate answer to DEX?

Netflix shares surged 5.2% in premarket trading on Friday after the streaming giant exceeded Wall Street’s expectations for new subscriber

BTC, Crypto Market, Golden Observation | Bitcoin's Attack How will the crypto market develop by the end of the year Golden Finance, Will the crypto market replicate last year's trend?

The U.S. Department of the Treasury recovered $4 billion in fraudulent payments in fiscal 2024, a significant increase from the previous year's $652.7 million, thanks to its use of artificial intelligence and machine learning. As online payment fraud is expected to exceed $362 billion by 2028, the Treasury and other agencies are intensifying their AI efforts to combat fraud and protect taxpayer money.