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BTC $65,532.17 +3.60%
ETH $1,914.69 +4.88%
BNB $602.29 +2.38%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $492.71 +1.84%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

uni

The Ethereum Foundation announced the establishment of a platform team, aiming to build a unified platform that leverages the combined advantages of Ethereum L1 and L2

The Ethereum Foundation has announced the establishment of the Platform Team, aimed at building the most powerful Ethereum platform possible, enabling better support for users, applications, and all organizations built on Ethereum at both the L1 and L2 layers.Improving the relationship between L1 and L2 layers to create a mutually reinforcing system across various levels. The Foundation stated that since the introduction of the rollup-centric roadmap five years ago, a chain ecosystem has developed around the Ethereum L1 layer. The early rollup mindset has been replaced by differentiated L2 layer networks, each possessing unique and valuable economic systems, thereby extending Ethereum's core characteristics to millions of users.As Ethereum matures, the Foundation believes that more measures must be taken to build a unified platform that can fully leverage the unique advantages of the Ethereum system (L1 + L2). This includes enhancing the value proposition of L2, optimizing the adoption drivers for L2, enabling it to create value for Ethereum more broadly, guiding the ecosystem towards a more secure, permissionless architecture, and simplifying the process for users and institutions to adopt Ethereum.More importantly, building a strong Ethereum means driving technological improvements to reinforce and enhance Ethereum's core characteristics and unique advantages.

Opinion: The recent lawsuit outcome of Polymarket will determine the regulatory jurisdiction of prediction markets in the United States

Recent federal litigation by Polymarket against Massachusetts may determine whether the regulation of prediction markets in the United States falls under federal or state jurisdiction. Polymarket argues in the lawsuit that Congress has granted exclusive regulatory authority over "event contracts" (prediction markets for sports, politics, etc.) to the Commodity Futures Trading Commission (CFTC), and therefore state governments do not have the power to independently prohibit or regulate these platforms.The lawsuit aims to prevent Massachusetts Attorney General Andrea Campbell from potential enforcement actions, following a preliminary injunction issued by the state court against Polymarket's competitor Kalshi, which determined that its sports-related contracts constituted unlicensed sports betting. The regulatory conflict between the federal government and the states is intensifying, with prediction market platforms claiming they are regulated as derivatives markets by the CFTC and can operate nationwide, while states like Massachusetts and Nevada view them as a "sports betting loophole" that circumvents state gambling laws, leading to multiple lawsuits and injunctions.The outcome of Polymarket's appeal could reshape the regulatory framework for prediction markets in the United States, determining whether these platforms can operate free from state gambling law restrictions or must comply with varying rules across states, and it may ultimately be appealed to the U.S. Supreme Court.
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