Wednesday, October 2, 2024

Bitcoin ETFs Surge to Report Highs with Billions in Inflows, Spotlighting Mainstream Crypto Adoption Amid Governance Queries

ETHEREUM’S BIG TENT: Ethereum conferences aren’t only for Ethereans anymore, CoinDesk’s Sam Kessler stories. Final week’s ETHDenver convention in Colorado, one of many yr’s largest gatherings for builders and customers of the Ethereum blockchain, drew in a cross-section of the blockchain business. The broad swath of attendees is perhaps a testomony to Ethereum’s affect on different blockchain ecosystems, attracting onlookers from different crypto tribes. Nevertheless it additionally is perhaps an indication of rival programs trying to encroach on Ethereum’s success in making blockchains extra programmable, with its vibrant ecosystem of software program builders trying to create new purposes. Bitcoin, within the midst of a developer renaissance with the arrival of its personal NFTs and decentralized finance (DeFi) providers, had a powerful turnout of builders on the convention. So did Polkadot, the “hub-and-spoke” blockchain created by Gavin Wooden, an Ethereum co-founder who used to market his new venture as an enchancment over the Ethereum mannequin. Even Solana, the speed-focused community that is lengthy positioned itself as an “ETH Killer,” had a well-attended sales space at Denver’s Nationwide Western Advanced, the convention’s venue. John Paller, the convention’s founder and government steward, informed CoinDesk in an interview that there have been “in all probability seven or eight layer 1s which can be right here, and now we have in all probability 12 layer 2s.” In line with convention officers, there have been 20,000 “competition attendees.”

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