Bankless ROLLUP: Ledger Recovery Concerns | Ethereum Finality Issues
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May 19, 2023 The podcast dives into pressing concerns over Ledger hardware wallets and the implications of Ethereum's recent non-finality event. Discover the importance of security testing with fuzzing, and explore how Layer 2 solutions are enhancing transaction capabilities amidst Ethereum's congestion. The dialogue also touches on regulatory challenges facing the crypto industry and Nike's new Web3 platform for digital collectibles. Finally, the hosts discuss the resilience of Ethereum and the community's reactions to new features like Ledger Recover.
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Flat Market
- Bitcoin and Ether prices remained relatively flat this week.
- Some shitcoins pumped, raising total market cap to $1.18 trillion.
Staking Surge
- Ethereum staking is at an all-time high, with 18.5 million ETH deposited.
- It now takes 731 hours to become a validator, but only 4 minutes to exit.
Liquidity Crunch
- Crypto market liquidity has decreased significantly due to banking issues.
- The loss of Silvergate and Signature's instant settlement layers hurt market makers.