The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000.
ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury
Holders of the former governance token have 90 days to exchange their ROOK for USDC.
What’s Next After Ethereum’s Shanghai Upgrade?
Ethereum is expected to address the implementation of proto-danksharding in the months after Wednesday’s Shanghai upgrade (also referred to as “Shapella”), as well as other mechanisms that will make the blockchain more scalable. Last year saw the Merge. Now comes the Verge, Purge and Scourge.
ROOK Token Surges Ahead of $50M Treasury Split Between Community and MEV Tech Builders
The MEV project Rook is hurtling toward major changes following an effort to split the token from the DAO.
3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally
ETH’s price is showing strength, but network and derivatives data suggest that ETH will struggle to hold the $1,850 price level.
Ethereum MEV Bot Gets Attacked for $20M as Validator Strikes Back
One of the major Ethereum MEV (maximal extractable value) bots has been targeted in an attack, allegedly by an Ethereum validator.
Latest Ethereum Blocks Suggest Validators Are Reversing Censorship
Non-censoring relays such as Agnostic and ultra sound are delivering more data blocks on Ethereum than Flashbots, the one-time king of MEV-delivering relays.
MEV Rewards on Ethereum Reach All-Time High During SVB Bank Run and USDC Depeg
Profits made from MEV were more than twice as high as the last peak during the FTX implosion.
Three Arrows-Backed Crypto Liquidity Protocol Rook Surges 23%
Liquidity protocol Rook has experienced a surge in activity with its token rising by 23% on speculation that Three Arrows Capital founders Zhu Su and Kyle Davies have completed a fundraise for the bankruptcy-claims exchange.
Solana’s Spam Problems Persist Despite Tech Improvements, MEV Researchers Say
Arbitrageurs are eating up precious blockspace with pointless transactions, according to Jito Labs.
Flashbots Proposes New Class of ‘Matchmakers’ to Share MEV Gains With Ethereum Users
The new protocol known as “MEV-Share” would distribute the gains from “maximal extractable value” to users of the Ethereum blockchain in addition to validators and block builders. According to the Flashbots team, it’s an early implementation of the SUAVE blockchain.
Fewer Than Half of New Ethereum Blocks Over the Past 24 Hours Are OFAC Compliant
For the first time since October, fewer than 50% of blocks added to the Ethereum blockchain over a 24-hour period are OFAC compliant, partially thanks to more non-censoring options that make up a larger share of the blockspace market.
Ethereum Price Surges Following The Final Testnet Details
The Ethereum community has been anticipating the move from the Proof-of-Work (PoW) to the Proof-of-Stake mechanism. Luckily for everyone, the Merge will soon occur, and reports show that the developers are approaching the final test phase before the significant event.
Tim Beiko, the lead developer on Ethereum, disclosed these details on July 28. According to him, the testnet transition will take place on the Goerli testnet, a close simulation of the Ethereum mainnet.
Goerli/Prater Merge Announcement
Prater will run through the Bellatrix upgrade on August 4th, and merge with Goerli between August 6-12th: if you run a node or validator, this is your last chance to go through the process before mainnet https://t.co/JAz5AJe12B
— Tim Beiko | timbeiko.eth (@TimBeiko) July 27, 2022
This version is known as Prator, and the date will be between August 6 and 12. The network upgrade will be called Paris, but another upgrade, Bellatrix, will position Prater well for the Goerl Merge.
According to Beiko, the date for the Bellatrix upgrade will be on August 4. However, the lead developer also stated that validators and those who run nodes on Ethereum should pass through the process to prepare thoroughly for the mainnet move to PoS.
Final Preparations Before Moving To PoS
According to the information released, the network has to complete one more testnet. The developers have completed many devnets, merges, and shadow forks on deprecated testnets. For instance, early in July, the developers ended the ninth shadow fork testing the MEV boost feature.
In the announcement, the lead developer stated that node operators must update their execution and consensus layer clients in tandem. But for stakers and holders of Ethereum, there’s nothing to do now. Those to take action are the testnet participants and node operators.
Regarding the significant Merge, the community already knows it will take place on September 19, as the developers previously announced. But if there is an issue with the Goerli testing phase, the date might be pushed forward again.
Merge Becomes The Most Significant Ethereum Upgrade
Since Ethereum started operating on July 30, 2015, this is the highest upgrade on the network. But the plans to migrate to the Poof-of-Work mechanism have been ongoing for some years. Unfortunately, the developers have had many delays, which haven’t been okay with the community.
ETH price is moving upwards on the chart. Source: ETHUSDT Tradingview
Thankfully, September 2022 will mark the end of the frustrations. For instance, traders have staked 13.1 million ETH on Beacon Chain, worth $21.5 billion. Even though these stakers earn 4.6% APY in Ether, withdrawing the gains will only occur many months after the Merge.
The announcement also brought another price surge for ETH as it gained by 15% on July 28 to sell at $1,667 during the morning hours of the Asian trading session. This position shows a 47% increase over two weeks, even though it has yet to reach its 2021 highest price point.
Featured image from Pexels, chart from TradingView.com