A certain Ethereum Core Developer Criticizes EF Compensation System, Reveals a Total Compensation of Only $625,000 Over 6 Years
October 20th - Péter Szilágyi, an Ethereum core developer and Geth client developer, publicly disclosed today that he had sent a letter to the leadership of the Ethereum Foundation (EF) a year and a half ago. In the letter, he admitted that he was "disappointed in the Ethereum Foundation" and pointed out serious issues within the Foundation, such as significant salary disparities, conflicts of interest, and centralized power.
He stated that since joining, "economically, working for the Ethereum Foundation has always been a bad decision." According to his disclosure, his total compensation during his first six years at the Foundation was only $625,000 (pre-tax, without incentives), while the total market cap of ETH increased from 0 to $4.5 trillion. He believes that this low salary structure has forced those who truly care about the protocol to seek compensation elsewhere, ultimately laying the groundwork for the "capture of the protocol by interest groups."
He also criticized the Fou
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Securities and Futures Commission of Hong Kong: Supports Market-Driven Regulatory Compliance for Digital Asset Funds and Tokenized Funds
October 20th: In the previous week, the Securities and Futures Commission of Hong Kong demonstrated its support for market-driven regulatory compliance during a seminar organized by the Hong Kong and Greater Bay Area Fund Administrators Association. The seminar was intended to heighten the industry's awareness of regulatory compliance standards within the rapidly expanding digital asset sector.
Dr. Ashley Alder, the Chief Executive Officer of the Intermediaries Division of the Securities and Futures Commission of Hong Kong, delivered a keynote address at the seminar. During the seminar, the Hong Kong and Greater Bay Area Fund Administrators Association engaged in discussions about various risk management and monitoring measures to facilitate the management of digital asset funds and tokenized funds. It is important to note that the discussions emphasized the significance of industry collaboration within the fund sector in order to strengthen the adoption of innovative technologies in
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A Whale Accumulates $13.86M in PROVE and $5.75M in MORPHO
On October 20th, as monitored by Onchain Lens, a wallet established just one week ago has amassed a total of 17,455,000 PROVE (approximately $13.86 million) and 2,937,000 MORPHO (approximately $5.75 million). These funds were sourced from Binance, Bybit, and Gate.
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CoinShares: Digital Asset Investment Products Saw Net Outflows of $513 Million Last Week
On October 20th, CoinShares released its latest weekly report which indicated that after a liquidity cascade event on October 10th, digital asset ETPs witnessed a net outflow of $513 million. However, ETP investors as a whole remained relatively calm.
The outflows were mainly concentrated in the United States, with a net outflow of $621 million. In contrast, in Germany, Switzerland, and Canada, there were inflows as investors took the opportunity to buy at lower prices.
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A certain solo miner successfully mined Block 919923, capturing a reward of 3.126 BTC
On October 20th, based on mempool data, at 16:19:16 local time today, a particular independent Bitcoin miner successfully mined Block 919923 and received a block reward of 3.126 BTC, which is approximately worth $347,700.
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Elon Musk's Tweet Mentions FLOKI, Namesake Meme Coin Sees Short-Term Spike of Over 25%
On October 20th, Musk announced on social media that Flōki has resumed the position as X's Chief Executive Officer (CEO).
Perhaps influenced by Musk's tweet, the homonymous meme coin FLOKI witnessed a brief surge of more than 25%, with a current market value of $7.54 billion.
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