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Ethereum Official: Privacy in the ecosystem is undergoing a renaissance, and today's Ethereum is the new cypherpunk

2 hours ago

March 13: Ethereum announced that privacy in its ecosystem is undergoing a transformation—one that could even be called a renaissance. Rooted in cypherpunk principles, Ethereum is part of decades of digital rights struggles powered by open-source technology, with privacy protection as the foundational fight: user online activity should not be repackaged for commercial use. Cypherpunks are dedicated to resisting surveillance, open source, privacy, and security (abbreviated as CROPS). The "new cypherpunk" is a modern collaborative concept upholding core values: permissionlessness, privacy, decentralization, anti-censorship, trustlessness, and open source. It focuses on positive-sum outcomes yet is rooted in a realpolitik understanding of self-defense. Today’s Ethereum embodies this new cypherpunk, offering a modern take on the movement’s traditions. This iteration carries on Eric Hughes’ legacy—Hughes’ understanding of how cypherpunks achieve privacy remains among the most profound. In late 2023, Vitalik Buterin called on the community to "revitalize Ethereum’s cypherpunk spirit"—and now may be the perfect time to become a privacy advocate in the Ethereum ecosystem.
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Binance VIP Loan Coin Removing TUSD and ALCX from Eligible Collateral List

Binance announced on March 13 that its VIP Loans service will remove TrueUSD (TUSD) and Alchemix (ALCX) from its eligible collateral list starting at 8:00 AM UTC+8 on March 30.

2 minutes ago

A certain whale bought 10,557.14 ETH at an average price of $2072.55.

On March 13th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that whale address 0x709…Cad6e opened an on-chain ETH position after four months of dormancy. The whale spent 20.58 million sUSDC to purchase 10,557.14 ETH at an average price of $2,072.55.

2 minutes ago

Aave to Refund $600,000 to User Whose Slippage Loss Exceeded $50 Million

March 13th, Aave founder Stani.eth responded to an incident where a user incurred over $50 million in slippage losses while purchasing AAVE: Given the exceptionally large size of the single order, the Aave interface—like most trading platforms—warns users of unusual slippage and requires explicit confirmation via a checkbox. The user acknowledged the warning on a mobile device, accepted the high slippage risk, and proceeded with the trade, ultimately receiving only around 324 AAVE. Transactions require checkbox confirmation to explicitly accept risk before proceeding. CoW Swap’s router functioned as intended, and the integration adhered to industry-standard specifications. However, while the user was able to complete the trade, the outcome was clearly far from optimal. Similar incidents do occur in DeFi, but this transaction’s scale is far larger than typical in the space. We sympathize with the user and will attempt to reach out to them to refund the $600,000 fee charged in the

2 minutes ago

CoWSwap: Refunds Transaction Fee to User Who Lost Over $50 Million in Slippage When Buying AAVE

On March 13, CoWSwap released an official response to the "User’s $50M+ AAVE Purchase Slippage Loss" incident. Earlier today, a trader attempted to swap 50 million aEthUSDT for aEthAAVE via Aave’s exchange interface—powered by the CoW Protocol. Critically, the user received a clear warning that nearly all their transaction value would be lost, and was required to explicitly confirm proceeding after acknowledging the warning. The user chose to move forward with the swap. It bears noting the CoW Protocol is a decentralized trading aggregator that routes trades through nearly all major public and private liquidity sources. No DEX, DEX aggregator, public/private liquidity pool, or combination thereof could execute this trade at a remotely reasonable price. Blocking users from transacting would deprive them of choice and could lead to severe consequences in some cases (e.g., a market collapse). That said, incidents like this underscore that DeFi’s user experience still hasn’t reach

2 minutes ago

「ETH Whalesong Master」 Floating Profit Expands to $11 Million, Now the Largest On-Chain ETH Long

March 13 — Per HyperInsight monitoring, ETH’s rally above $2100 pushed the “ETH Whale” address (0xa5b0) to $11.5 million in total long position profits, with a total position size of $199 million. This address is currently the largest BTC and ETH long holder on the Hyperliquid platform. It opened its ETH long position on Feb 9 and has held it since Feb 15, maintaining a bullish stance. Key positions below: - 15x ETH Long: ~70,000 ETH ($148 million), avg entry $1991, profit $9.27 million (93%) - 20x BTC Long: ~700 ETH ($50.1 million), avg entry $68,420, profit $2.23 million (89%) The whale previously opened a multi-billion-dollar ETH long position late last year, closing all in February 2024. It has since re-entered the market, with repeated fund transfers from Matrixport — suggesting a potential associated address.

2 minutes ago

Binance Will List Katana (KAT) in a Spot Trading Pair and Add a Seed Label

On March 13, Binance will launch Katana (KAT) spot trading and add a SeedTag.

2 minutes ago

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