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⌐◪-◪ → Our favorite wonder kid, Vitalik Buterin, just dropped a new blog post outlining the key risks to Ethereum’s decentralization.

Those three risks, which he says are widely shared are:

• MEV: allowing some network participants to gain an advantage over others

• Liquid Staking: can lead to concentration of power in a small number of participants

• Hardware Reqs: running a full node is too expensive for ordinary users

While I agree with his points and don’t question his integrity here — the article interestingly comes after the ETH/BTC pair hit its lowest levels since April 2021, which makes it look like Vitalik is trying to pump/save his bags.

⌐◪-◪ → The 7-day moving average of new Bitcoin addresses just hit its lowest levels since 2018 after establishing a new all-time high just six months ago.

Only 275,000 new addresses were added to the network in the past week versus 625,000 six months ago.

Other related metrics were down as well including miner revenue/hashrate, transaction fees, and general on-chain volumes.

Meanwhile, Solana is responsible for 55% of all new NFT users over the last week — more than all other chains combined.

⌐◪-◪ → A Twitter user claiming responsibility for the $1.9M Pump.Fun exploit was just arrested and released on bail in London.

The former Pump.Fun employee, known as Jarrett Dunn, was subsequently admitted to a hospital over mental health concerns.

Dunn has been very accusatory of his former employer, saying that Pump.Fun is “guilty of far more heinous shit.” — he almost has a sort of hero complex.

Putting his crime and mental health aside, Pump.Fun is probably breaking some laws — it could be argued they are running an unregistered securities exchange or gambling site without a license.

Regardless — this dude seems very unhinged.

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