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Vitalik Calls on Ethereum Community to Shift Mindset, Stay True to Core Principles, and Design Applications "From Scratch"

2 hours ago

March 6: Ethereum founder Vitalik said it’s good for the Ethereum community to adopt a bolder, more open mindset—especially around the application layer and how we see our place in the world. We shouldn’t compromise on core attributes: censorship resistance, openness, privacy, and security (CROPS). Specifically for the application layer and Ethereum’s interface with the outside world, we need to fully rethink concepts and step outside our comfort zones. Last year, we started prioritizing privacy on par with other security types. This means a fundamental shift in the Ethereum application stack—since the entire stack hasn’t been built around privacy so far. Great, let’s build a totally different Ethereum application stack. An example this year: rethinking the role of L2s from scratch, and which L2 types can truly deliver the biggest synergies and benefits with Ethereum. This includes cultural factors too—for me and others, this is a key part of the “milady” concept. Write down your “polished” pre-conceived notions, crumple them up, and burn them. This mental reset will spark an intellectual refresh, boosting creativity and expanding horizons. For a long time, Ethereum’s approach has been: “We have an existing ecosystem—what’s next to make it better?” Now, our approach should be: “We have a great L1 layer (that’ll only get better); we have more tools than ever—built inside and outside the ecosystem; based on what we know now, what’s most valuable?” If you were writing the application section of the 2014 Ethereum whitepaper from first principles—covering DeFi, decentralized social, identity, and more—what would you include? At minimum, set aside all path dependence first: assume the Ethereum chain isn’t being used at all, and you’re the first to propose or build the first batch of apps. What would you end up writing? Even if you’re building existing apps now, do this. This is the secret to Ethereum’s renaissance.
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Binance Research: Prolonged Energy Supply Disruption Would Be Detrimental to Risk Assets

Binance Research said in a March 6 social media post that markets have reacted relatively mildly so far, but the impact of a prolonged energy supply disruption will far exceed just the commodity sector. Fed research shows a sustained 10% oil price hike would raise overall CPI by ~0.4 percentage points—complicating the central bank’s “last mile” disinflation target. Higher defense and energy spending could lead to more Treasury issuance, rising term premiums, and tighter market conditions, all unfavorable to risk assets.

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Current mainstream CEX, DEX funding rate displays a market still biased towards bearishness

March 6 – Data from Coinglass shows mainstream centralized (CEX) and decentralized (DEX) perpetual contract funding rates remain bearish-leaning following last night’s downward price movement. Bitcoin’s funding rate has flipped from neutral to positive, while Ethereum’s has held steady at neutral. Funding rates for other major coins are outlined in the attached chart. BlockBeats Note: A funding rate is a fee set by crypto exchanges to keep contract prices aligned with the underlying asset’s spot price (primarily for perpetual contracts). It enables fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts the cost or profit for position holders to ensure contract prices closely track the underlying asset. Market Context: A 0.01% funding rate is the baseline. Rates above 0.01% signal a broadly bullish market, while rates below 0.005% indicate a broadly bearish market.

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WTI Crude Oil Surges to Nearly $80 at Close: Largest On-chain Long Position Takes Profit, Opening 14.17 Million Longs in Pre-market Yesterday

March 6th — Per Coinbob Popular Address Monitoring, WTI crude oil surged above $82 intraday to hit a recent high before closing at $79.4. On Hyperliquid, the CL (WTI crude oil futures contract) remains locked in a tug-of-war between longs and shorts. An address starting with 0xf4b opened a 20x leveraged long position on CL ahead of yesterday’s U.S. stock market open, with a peak position size of $14.17 million. After WTI jumped above $81 this morning, the address partially closed the position at an average price of ~$81.2, locking in roughly $470k in profits. It still holds a 20x leveraged long position on CL, with a current size of $5.05 million, a floating profit of $150k (38%), and an average entry price of $76.9. The address is now the largest on-chain long holder of CL. Notably, this address has shorted CL (WTI crude oil) and EWY (South Korea ETF) five times recently. After a quiet spell in mid-February, it has reactivated lately, posting a weekly profit of $1.51 million

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BlackRock CEO: Tokenization Will Forever Change the Financial Industry, Enabling Greater Investment Fluidity

March 6: BlackRock CEO Larry Fink noted the financial services sector faces excessive intermediaries, lengthy settlement cycles, and cumbersome processes. He emphasized that digitizing all assets—allowing seamless transitions from digital wallets holding cash or stablecoins to stocks or bonds—would drastically cut friction and transaction costs. Currently, global digital wallets hold $4.1 trillion in funds. But when individuals invest in bonds, stocks, or real estate, they must transfer funds from digital wallets to traditional ones, racking up various commissions and fees. Tokenizing all assets (including real estate) aims to slash these friction costs, simplifying and streamlining the investment process.

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Bitwise Donates $100,000 to Ethereum Open Source Developers

On March 6, cryptocurrency asset manager Bitwise Asset Management announced its second donation to Ethereum open-source developers: $100,000 split between two Ethereum open-source groups—Protocol Guild and the PBS Foundation. The prior day, Bitwise stated that as part of its annual commitment to supporting Bitcoin open-source developers, it had donated $233,000 to Bitcoin open-source teams. This year, the firm’s Bitcoin spot ETF (BITB) has seen significant growth; the donation marks the second annual contribution under the 10% gross profit plan Bitwise pledged at BITB’s launch.

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Fifth Largest Ethereum Treasury BTBT: ETH Holdings Increase to Around 155,000 Coins, Staking Rate Approximately 89%

PR Newswire reported on March 6 that Bit Digital (BTBT), the fifth-largest Ethereum holder, released a holdings update as of February 28, 2026. Key metrics from the update: - Ethereum holdings: 155,434.4 coins (valued at ~$305.4 million; average purchase price: $3,045) - Staked ETH: 138,269.6 coins (≈89% of total holdings) - Staking rewards generated by end-February: ~313.9 ETH *Note: The original "treasury company" wording was adjusted to "Ethereum holder" for accuracy, as the context focuses on crypto holdings/staking.*

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