Ethereum layer-2 networks have glaring security and centralization issues, according to Anatoly Yakovenko, co-founder of the Solana blockchain. Solana co-founder Anatoly Yakovenko cast doubt on the decentralization and security of Ethereum’s layer-2 (L2) scaling networks during a heated debate on Sunday. Layer-2 scaling networks feature a huge attack surface and code bases so large that they cannot be properly audited for software bugs. User funds can also be shifted from L2s, which rely on multi-signature custody, without the users' consent, Yakovenko added. ‘The claim that layer-2s inherit ETH security is erroneous,’ Yakovenko said during the debate. He argued: The conversation surrounding Ethereum’s layer-2 scaling networks continues, as developers, investors, and industry executives debate whether the layer-2 networks benefit the Ethereum layer-1 blockchain or hurt it. Read more
The stock-to-flow model may not be the best framework to forecast Bitcoin prices, Bitwise investment analyst André Dragosch said. Bitcoin’s (BTC) Stock-to-Flow (S2F) model, one of the most widely cited BTC valuation frameworks, forecasts a peak price of $222,000 during this market cycle, but investors should exercise caution when using the model, according to André Dragosch, the European head of research at investment firm Bitwise. The Stock-to-Flow model does not take into account demand-side factors, and instead, centers its price modeling on Bitcoin’s halvings, which reduce the amount of newly issued BTC by half every four years, Dragosch said. He added: Exchange-traded funds, ETPs, and other Bitcoin investment vehicles have created a price floor for BTC, supporting prices above the $100,000 level. Read more
Secretary Scott Bessent said the negotiations alleviate the need for the 100% additional tariffs announced by US president Trump in October. United States Treasury secretary Scott Bessent said on Sunday that the US and China have made “substantial” progress on a trade deal framework, sparking investor hopes of reigniting the bull market. The proposed trade framework will likely remove the need for the 100% additional tariffs announced by US President Donald Trump on October 10, Bessent said. He added: Bessent’s comments follow weeks of easing trade tensions between the two countries, culminating in president Trump confirming the meeting with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit on October 31. Read more
DeFi trading volumes hit record ratios against CEXs as matured infrastructure and regulatory clarity shift power to transparent, code-driven platforms. Opinion by: Rachel Lin, co-founder and CEO at SynFutures DeFi has come a long way since the boom-and-bust cycle of 2020’s DeFi Summer. Much of the surge in the early days was fueled by experimentation, hype and unsustainably high incentives. Five years on, DeFi’s foundations look very different. The past year’s experimentation is a quiet consolidation phase, setting the stage. 2025 may be remembered as the year when DeFi surpassed centralized exchanges (CEXs). Read more