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Summary EigenLayer's TVL increased from $250 million to $1.7 billion in just one month. The re-staking sector is witnessing extraordinary growth. However, it is important to note that, in comparison to the overall volume of LSD, the re-staking sector still has considerable room for growth. For users primarily holding ETH, depositing ETH in LSD protocols like Lido and then re-staking the acquired stETH to earn another profit presents a more advantageous strategy over the long term. Additionally, apart from the anticipated EigenLayer airdrop, projects like AltLayer will also airdrop their tokens to EigenLayer re-stakers. This could result in profits significantly surpassing initial expectations.
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.
Also among those gazing into next year are Bitwise, VanEck and Hashdex.
The latest price moves in crypto markets in context for Dec. 19, 2023.
- 09:33Cryptocurrency startup Irreducible completes 24 million USD Series A financingThe German cryptocurrency startup Irreducible has raised $24 million in a Series A funding round, led by Paradigm and Bain Capital Crypto. Other investors include Distributed Capital, L2 Iterative Ventures, Robot Ventures, and several angel investors. Founded in 2022 under the original name Ulvetanna, Irreducible focuses on Zero-Knowledge Proof (ZKP) generation infrastructure with the aim of improving efficiency and cost-effectiveness. Currently employing 25 people, Irreducible plans to double its engineering team size within the next two to three years.
- 09:31Bloomberg: The inauguration committee for President Trump once received large donations from several cryptocurrency companiesAccording to Bloomberg, the Trump Presidential Inauguration Committee received large donations from companies in the cryptocurrency industry, as disclosed in documents submitted to the Senate. According to these documents, Coinbase, Crypto.com, Galaxy Digital, Paradigm Operations and Payward of Kraken crypto asset trading platform each donated one million dollars while Robinhood Markets donated two million dollars. The funds raised for this inauguration are expected to exceed those of the 2017 ceremony. The Inaugural Committee is expected to submit a complete list of donors to the Federal Election Commission (FEC) on April 19th.
- 09:27Ethereum client Geth releases "Schwarzschild" update, fixes old version vulnerabilitiesThe developers of the Ethereum client Geth released version 1.14.13, codenamed "Schwarzschild", this Thursday. This version specifically addresses a vulnerability affecting the peer-to-peer (p2p) layer of Geth, which could lead to denial-of-service attacks on the nodes running them and potentially affect second-layer clients. Geth is the most widely used execution layer client in Ethereum. The vulnerability was classified as CVE-2025-24883, indicating that Geth versions are "vulnerable to DoS attacks through malicious p2p messages". Version 1.14.0 seems to have inadvertently introduced this security issue. Users running Geth 1.14 (or higher versions up to 1.14 .13) are urged to update to the latest version to mitigate risks of node crashes or other interruptions.This emergency release is crucial because the vulnerability was initially discovered by security researchers at Polygon and might allow attackers remotely crash nodes running vulnerable versions of Geth.The Geth team clarified that nodes running on v1 .13.x series are not affected by this specific vulnerability.