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David Blumenfeld

@serdave-eth

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290 Followers
David Blumenfeld pfp
David Blumenfeld
@serdave-eth
that is a great question! I do know that a quantum resistant algorithm is not dependent on the hardware it is run on (example: ZK-starks are quantum resistant and not run on quantum computers), but would love to learn more about how these algorithms are quantified as quantum resistant
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
yeah it's both part of the plan and hasn't gone exactly to plan, but it looks like the ETH community is starting to address it by working on increasing the gas limit and TPS. For reference this is the report we got it from which has a lot more interesting nuggets: https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vaneck-crypto-monthly-recap-for-february-2025/
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
yeah it's self inflicted cause of pushing everything to L2...BUT increasing the gas limit and TPS (which are both in the EIP pipeline) should help address this.
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
- NY lawmakers introduced legislation making "virtual token scams" criminal offenses. - The $1.4B of ETH stolen by North Korean hackers from Bybit has been converted to BTC, the first step in the laundering process. - Trump announced at his crypto summit on Friday that he wants stablecoin legislation on his desk before the August congressional recess. - The US Senate overturned a December 2024 IRS rule that would have required DeFi protocols to register as “brokers” and perform KYC on users. Get all the headlines in your inbox every Sunday by subscribing to Crypto Weekly. You can read this week's post here: https://thisweekincrypto.substack.com/p/crypto-weekly-3925
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David Blumenfeld
@serdave-eth
It’s Sunday which means it’s Crypto weekly 🧵 time with me and @maaria: A lot of market news this week.... BTC down 11%, ETH down 6% and altcoins down 20%+. Stablecoin deposits grew slightly, and BTC now makes up over 60% of the total crypto market (for the first time since 2020). Here were my favorite stories: - BTC fell despite the announcement of a strategic BTC reserve, which will initially be made up of seized criminal and civil crypto assets, meaning the US will not be a net buyer of BTC assets as some speculated. Fun fact: the US government is the 4th largest holder of Bitcoin behind Strategy (formerly Microstrategy), Binance and of course…Satoshi. - ETH revenue dropped by 93% over the past year and its share of blockchain revenue has fallen from 55% in Feb 2024 to 24% this past Feb. A result of this revenue drop is ETH turning inflationary again over the past year (albeit a small amount: 0.41% since Apr 2024).
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
is quantum computing an existential threat to TEEs? or can TEEs switch to quantum resistant algorithms for protecting their keys.
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
we will! also messing around with different cast formats so stay tuned
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
Thank you for sharing! We've been at this since 2017—just the straight news, no fluff.
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
fuck yeah I'm so down! Dm'ing you
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
thank you! we've been writing it since 2017.
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
thank you for the love!
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
Want to read more? Subscribe to crypto weekly here: https://thisweekincrypto.substack.com/
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
The Ethereum Foundation appointed longtime researcher Hsiao-Wei Wang and Nethermind founder Tomasz Stanczak as co-Executive Directors, replacing Aya Miyaguchi who has moved to the role of president. Former researcher Danny Ryan will co-found Etherealize, a new institutional marketing arm for the Ethereum ecosystem. https://www.coindesk.com/tech/2025/02/25/ethereum-foundation-s-aya-miyaguchi-leaving-executive-director-role
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
The FBI confirmed North Korea was responsible for the $1.4 billion theft from Bybit, the largest hack in crypto history. Hackers injected malicious JavaScript code into wallet provider Safe's infrastructure, with the code designed to activate only when interacting with Bybit's contract address. https://decrypt.co/307990/fbi-links-north-korea-to-1-4-billion-bybit-crypto-heist
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
The SEC announced it is dropping investigations against Coinbase, Consensys, Uniswap, Robinhood, Gemini and is seeking a pause in its investigation against Tron founder Justin Sun.
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David Blumenfeld
@serdave-eth
Investors pulled a record $1 billion from spot Bitcoin ETFs as the token price dropped to its lowest level since mid-November amid broader risk aversion in financial markets. https://www.bloomberg.com/news/articles/2025-02-26/bitcoin-etfs-see-record-1-billion-outflow-qqq-spy-gain
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
President Donald Trump announced the creation of a strategic crypto reserve, which would include cryptocurrencies like BTC, ETH, SOL, XRP, and ADA. Crypto assets rose on the announcement. https://www.bloomberg.com/news/articles/2025-03-02/bitcoin-jumps-after-trump-pledges-strategic-us-crypto-reserve
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
If you want the best summary of crypto news delivered to your inbox every week, subscribe to Crypto Weekly, authored by myself and @maaria: https://thisweekincrypto.substack.com/ But since I have your attention...here are the 5 biggest news stories last week 👇 👇 👇
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
Trying to learn more about TEEs and came across this experiment Azuki and Flashbots did. Used a TEE to give an Azuki holder the ability to send 1 tweet from the main Azuki account. https://collective.flashbots.net/t/using-tees-for-social/3955 Interesting problem space and cool utility
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
check out this week's crypto weekly by myself and @maaria
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