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How big is the scale of MEV on L2?
How big is the scale of MEV on L2?

BlockBeats·2024/07/06 09:16
Crypto bleeds into the weekend – BTC struggles below $57K
Crypto bleeds into the weekend – BTC struggles below $57K

Share link:In this post: The global crypto market cap struggles to steady prices as the weekend negative sentiment kicks in. Current extreme levels of panic indicate buying opportunities, but there are several aspects to consider. Price drops persisted in the broader crypto market despite equity indices reaching fresh highs with the release of US non-farm payrolls data.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the info

Cryptopolitan·2024/07/06 09:01
Flash
04:42
Governor of the Reserve Bank of India: Business expectations remain optimistic, service exports show good performance, the economy demonstrates resilience, rising energy prices and supply disruptions will put pressure on economic activity, the overall impact depends on the duration of the conflicts, and insufficient monsoon rainfall is expected to affect rural demand.
The Governor of the Reserve Bank of India stated: Business expectations remain optimistic, service exports are performing well, the economic situation demonstrates resilience, rising energy prices and supply disruptions will put pressure on economic activity, the overall impact depends on the duration of the conflict, and insufficient monsoon rainfall is expected to affect rural demand.
04:42
ZODL founder: The ZEC vulnerability is not a flaw in the underlying cryptography or the proof generation engine
```htmlJinse Finance reported that on June 5, ZEC suffered a 30% drop due to the unlimited forgery vulnerability in the Orchard pool. Josh Swihart, founder of ZODL, stated that the Orchard vulnerability exists in one of its rules, which was written too loosely and allowed false information to be accepted and still pass verification. As a result, the engine might mistakenly consider fake transactions to be valid. In fact, someone may have forged ZEC in the Orchard transaction pool. This is a flaw in the handwritten rules, not an issue with the underlying cryptography or the proof-generating engine. The question is how to ensure such vulnerabilities do not happen again, and the best answer is formal verification. Tachyon is currently being built using formal verification, with a more concise and unified rulebook. Compared to Orchard, there are fewer special cases and complex details, meaning the entire rulebook can be perfectly verified mathematically. Several teams are already working on formally verifying Orchard's existing circuits. If verification is successful, launching a second Orchard pool in the near term may be the best solution before Tachyon. While Tachyon is more streamlined, a formally verified Orchard pool can serve as an effective transitional measure.```
04:34
Data: The current Crypto Fear & Greed Index is 13, indicating extreme fear.
ChainCatcher News, according to Coinglass data, the current Cryptocurrency Fear & Greed Index is 13, up 2 points from yesterday. The 7-day average is 19 and the 30-day average is 30.
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