$ETH might be making one of its biggest UX improvements yet.
You can have $1,000 in USDC sitting in your wallet and still be unable to send it because you have zero $ETH for gas.
That makes little sense to a normal user.
EIP-8141 could change this by letting apps or wallets pay the gas on your behalf and charge you in stablecoins instead.
So you could hold USDC, pay the fee in USDC, and never need to keep a small amount of ETH around just to make a transaction.
But the interesting part goes beyond gas.
Frame Transactions could let wallets bundle things like approvals and swaps into a single transaction, while also making it easier to upgrade wallet security without forcing users to move their funds to a new address.
That is the kind of abstraction crypto needs.
Users shouldn't have to understand which token pays gas, approve one transaction, sign another, then move funds just because they upgraded their wallet.
If Ethereum gets this right, the blockchain becomes less visible to the user.
And honestly, that's probably how it should be, don’t you think?
18 people have been charged in what prosecutors describe as the first $BTC RICO case, involving the alleged theft of $263M in crypto from a single victim.
At the center is 22-year-old Malone Lam, who allegedly posed as Google and Gemini staff to convince a Washington, D.C. resident to surrender access to 4,100 BTC.
The money allegedly funded an absurd lifestyle. The group reportedly spent $4M at LA clubs in just one month, while Lam allegedly dropped $569K in a single night.
And the operation allegedly didn’t stop behind bars. Prosecutors say Lam continued giving orders, including having Hermès Birkin bags delivered to his girlfriend in Miami.
A $263M Bitcoin theft, a RICO case, and a fortune allegedly spent like pocket change. Damn!
26 wins in a row, then one trade wipes away millions.
Trader 0x362a shorted 15,785 $ZEC worth roughly $18.95M three days ago. With ZEC moving against the position, the trade is now sitting at an unrealized loss of about $5.27M.
A perfect reminder that even a strong track record doesn’t make the next trade predictable.
One bad position can erase months of good ones… damn!
Tether-backed crypto exchange Orionx is shutting down permanently after a forensic audit found a $7M+ custody shortfall.
The audit found a gap between what Orionx’s internal records claimed it held and what was actually sitting in its custody wallets across $BTC - $ETH - $XRP and $POL
The company has accused two former co-founders of involvement, alleging millions in crypto were transferred out between 2018 and 2021. Both deny wrongdoing, and the cause of the shortfall remains unclear.
Withdrawals are currently suspended as Orionx works to recover customer assets.
Another painful reminder: an exchange balance on a screen is most likely not the same thing as assets you can verify onchain. DYOR!