Earlier today, Solana announced Alpenglow, a major protocol upgrade designed to improve transaction speed and network efficiency. Unveiled by infrastructure firm Anza, a Solana Labs spinout, the new protocol aims to replace Solana’s current consensus mechanisms with a redesigned system. But the crypto community is curious: will it be as successful as the ETH Pectra upgrade? Solana Upgrade: The Road to Alpenglow Solana Alpenglow came into place as Solana’s network matured and the blockchain faced a surge in transaction volumes. This has caused congestion, which could be seen from its network outages on February 6, 2024, and multiple events in 2022. Another key issue was the complexity and latency of Proof of History (PoH) and Tower BFT. With the introduction of thousands of meme coins on Solana, the surge in transactions caused bottlenecks. 1/ Introducing the largest Solana Protocol change ever: Alpenglow, Solana’s new consensus protocol conceived by the Anza… Read More at Coingape.com
Binance Coin price has moved to its highest level in one month after recording a slight 1.78% increase in 24 hours to trade at $672 today, July 10. The recent burn comes after the BSC Chain burned 1.5 million BNB tokens from the supply, as an ascending triangle pattern suggests that a 17% move to
Ethereum price continued to consolidate above $1,820 over the weekend, outperforming BTC over the 14-day timeframe.
Ethereum (ETH) Consolidates as Vitalik Shares Fresh Proposal
Ethereum held steady above $1,820 across the weekend, registering relative strength compared to Bitcoin, which slid below $96,000.
According to CoinGecko, ETH price posted a 14-day gain of 15.7% while Bitcoin price rally was subdued at 12% over the same period. Daily trading volumes for ETH remained elevated above $7 billion, reflecting robust market participation.
Ethereum price action (ETHUSD) May 4, 2025 | Coingecko
Investor sentiment appears bolstered by Vitalik Buterin’s latest technical commentary. The Ethereum founder posted on May 3 about the importance of protocol simplicity, stating, “One of the best things about Bitcoin is how simple it is… let’s bring those benefits to Ethereum.”
His suggestion alluded to streamlining Ethereum’s design, a move that may aim to address criticisms around execution layer complexity, state management, and overall maintainability.
While short on specifics, the proposal hints at a philosophical shift — one that favors reduced protocol surface area and improved auditability over maximal flexibility.
This comes amid a broader industry push for modularity, security, and composability. Ethereum’s resilience over the weekend and its outperformance signal that Buterin’s remarks may have struck a positive tone with short-term traders.
Buterin’s remarks triggered swift criticism from prominent Bitcoin maximalists. Alistair Milne quipped that Bitcoiners have been urging Vitalik to embrace simplicity “for a decade.” Adam Back, CEO of Blockstream and a legendary cypherpunk, delivered the most scathing critism.
“I literally told him so a decade ago, but they still haven’t learned about balance vs utxo or the complexity of state, “rich state fullness” mistake. Redirecting miner revenue to the insiders with PoS etc. At this point just flush it before it hits 0, and buy Bitcoin.” – Adam Back, May 4 2025.
Back blamed Ethereum’s complexity — especially the Ethereum Virtual Machine (EVM) — for the recent ByBit wallet hack.
According to him, the EVM’s design makes it “basically impossible” for hardware wallets to verify transaction details reliably, creating exploitable vectors in real-world deployments.
From this lens, Ethereum’s initial ambition to support smart contracts without first building a minimal, robust foundation is seen as a strategic misstep.
The ensuing comments on X has further re-hased the long-standing ideological divide between Bitcoin maximalists, and Ethereum advocates over the last 24 hours.
What’s Ahead?
While Bitcoin maximalists dismiss Vitalik’s call for simplicity as a desperate pivot, Ethereum markets responded differently.
With ETH showing strength and price stability above $1,820, buyers appear to interpret the proposal as a sign of Ethereum’s maturity possibly moving toward more efficient fundamentals.
Despite criticisms from Bitcoin maxis like Adam Back, Ethereum price has evidently attracted buying more buying pressure that BTC over since Vitalik’s proposal on Saturday.
Ethereum Price Forecast Today: ETH Targets $1,950 on Vitalik’s Proposal Momentum
Ethereum price remains resilient, consolidating just below $1,830, while showing early signs of a bullish continuation. Price action is forming a subtle ascending triangle on the daily timeframe, suggesting accumulation beneath resistance.
Notably, the Moving Average Convergence Divergence (MACD) indicator reflects positive momentum, with the MACD line holding well above the signal and zero lines. This bullish divergence, confirmed by a widening histogram, hints at increasing buying pressure despite recent profit-taking.
Ethereum Price Forecast Today
Ethereum price forecast today shows ETH price is holding up well-above its 50-day MA at $1,784, while the 100-day moving average near $2,176 remains the first significant ceiling.
More so, ETH trending currently trading just above the 20-day EMA, which is turning upwards. The Stochastic Slow strategy has recently issued a sell signal (-2) on the daily close, but this appears to be weakening in effect as price fails to retrace lower, indicating that bears lack conviction to press further
Within these conditions, should Ethereum price break and close above $1,880, the path toward $1,950 opens with relatively little friction, supported by declining volatility and improved sentiment after Vitalik’s latest proposal.
A failure to break higher could see ETH retest $1,783, but sustained strength above that level could keep the upside momentum active.
CrediX users suspect a rug pull after suffering a $4.5 million hack last week. Despite promising to reimburse users quickly, the firm instead shuttered its website and social media profiles.
Around $400,000 of stolen money moved onto Tornado Cash, but CrediX may not have been directly complicit. Either way, several non-custodian platforms still offer their pool tokens without warning their customers.
Another DeFi Exit Scam
In today’s world of rampant fraud and record-breaking crypto hacks, there are plenty of reasons to exercise caution. However, purported security incidents are not always what they seem.
Specifically, an exploit occurred on August 4, apparently allowing hackers to steal $4.5 million from CrediX. The firm promised to return customer funds within 24-48 hours, but this never happened.
A charitable reading could suggest that CrediX is merely trying to wash its hands of a catastrophe without being complicit in an actual rug pull.
Such an act would be a complete dereliction of its responsibility to protect consumers, but it doesn’t require active participation in fraud. However, CrediX’s total silence is making criminal accusations seem more likely.
Whoever the exploiter is, they’ve shown far more activity than CrediX since the August 4 incident. Blockchain data reveals the hacker moved close to $400,000 of stolen funds using Tornado Cash. Most of the stolen money is still in private wallets, which are under close scrutiny.
Bizarrely, some non-custodian platforms continue offering CrediX tokens despite the hack and apparent rug pull. Trevee published a warning about the hack to its users, but Silo Labs and Stability DAO are acting like everything is normal.
Traders should exercise extreme caution or avoid this altogether, or they could lose money.
There isn’t a clear smoking gun that CrediX deliberately rug pulled its customers, but there are credible suspicions. Considering the firm’s deliberate lie about user reimbursement, these rumors might continue growing.
