AMA on X

Grayscale’s Strategic Ethereum Trust Retraction Filing Raises Questions Per a filing with the U.S. Securities and Exchange Commission (SEC), Grayscale has withdrawn its 19b-4 filing for listing and trading its ether trust, known as ETHE. This development unfolds at a juncture when the general consensus among the community is that the prospects of the SEC greenlighting an ETH-based ETF are fairly low. Analysts and prediction markets have assigned a minimal probability to the SEC’s approval, with some even suggesting the likelihood is nil. After the withdrawal, James Seyffart, an ETF analyst at Bloomberg, addressed the retraction in a post on the social media platform X. “This is interesting,” Seyffart said. “Grayscale just withdrew their 19b-4 filing for an ethereum futures ETF. This was essentially a trojan horse filing in my view, in order to create the same circumstances that allowed Grayscale to win the GBTC lawsuit (approve futures deny spot)” [I don’t know] why they’d do this honestly. In my mind might as well make the SEC write up an approval or denial for an ETH futures ETF and go from there? Maybe the SEC spoke with Grayscale about this… And whatever was said convinced Grayscale to withdraw? (This is a complete guess). While the reasons behind the decision remain unclear, speculation persists and the likelihood of approval has diminished further. As the crypto community ponders the implications, this withdrawal could mark a complete recalibration of expectations regarding ethereum-based, physically-settled ETFs.#BTC##HotTopicDiscussion##GateioBountyCreator#

About the performance of the Ethereum Virtual Machine (EVM) Every operation on the Ethereum mainnet costs a certain amount of Gas. If we put all the calculations required to run the basic application on the chain, either the app will crash or the user will go bankrupt. This gave birth to L2: OPRU introduces a collator to bundle a bunch of transactions before committing to mainnet. This not only helps the app to undertake the security of Ethereum, but also gives users a better experience. Users can submit transactions faster, and fees are cheaper. While operations have become cheaper, it still uses the native EVM as the execution layer. Similar to ZK Rollups, Scroll, Polygon zkEVM uses or will use EVM-based zk circuits, and zk Proof will generate...

Research on the liquidity fragmentation issue in the Layer 2 era With Ethereum transitioning to Layer 2-based scaling solutions and the rise of various tools, a large number of public chains are rapidly developing. Many entities wish to build their own chains to represent different interests and seek higher valuations. However, the emergence of numerous public chains has led to the ecosystem's development struggling to keep pace, with many projects experiencing a collapse in value during their initial token offerings. With the help of various technology stacks, many well-known enterprises and institutions have launched their own Layer 2 or public chain solutions. Today, the barrier to building and operating a chain has been significantly lowered, with monthly operating costs of about 10,000 USD. The future will undoubtedly be an era of coexistence of multiple chains. Although these chains may choose compatibility for interoperability, it is difficult to build applications and reach consensus on the same chain due to the differences in downstream applications of the entities behind them. The current multi-chain ecosystem has brought a new challenge.

NEAR Public Chain Integrates Privacy Protocol Nillion: A Perfect Combination of Performance and Privacy Recently, a well-known public chain has reached a collaboration with the privacy protocol Nillion to introduce blind computing and blind storage technologies into this high-performance L1 public chain. This integration combines the outstanding performance of the public chain with Nillion's advanced privacy tools, providing blind computing capabilities for hundreds of projects in the ecosystem. This collaboration brings a modular data privacy solution to the public chain. Developers can flexibly execute data storage and computation operations within the Nillion network while achieving transparent settlement on the blockchain. This modular design provides greater flexibility for application architecture. Nillion's private data management capabilities significantly expand the capabilities of this public blockchain. By providing private storage and computation for various types of data, it greatly broadens the scope of privacy protection applications.

Research on the Liquidity play people for suckers problem in the Layer 2 era After Ethereum shifted to a Layer 2-centric expansion plan, coupled with the rise of tools like RaaS, numerous public chains have rapidly developed. Many entities hope to build their own chains to represent different interests and seek higher valuations. However, the emergence of numerous public chains has made it difficult for the ecosystem to keep up, leading to many projects experiencing a loss of value at the TGE. Borrowing OP