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The claim that L2s inherit ETH security is erroneous — Solana co-founder

Anatoly Yakovenko, co-founder of Solana, expressed skepticism about the security and decentralization of Ethereum's layer-2 (L2) networks in a recent debate. He pointed out that these networks have significant security vulnerabilities, including a large attack surface and extensive codebases that are difficult to audit for bugs. According to Yakovenko, funds on L2s can be moved without users' approval, leading to potential risks. He strongly argued that the assertion that L2s inherit security from Ethereum is incorrect, stating that systems like wormhole ETH on Solana carry similar worst-case risks as Ethereum itself and generate comparable revenue for Ethereum layer-1 stakers. While some in the industry view the growth of L2 networks as a positive sign of Ethereum's health, others, including Binance Research, caution that they may fragment liquidity and negatively impact revenue on the Ethereum base layer due to lower transaction fees.

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Asia Morning Briefing: Bitcoin Holds Above $114K as Whales Absorb Supply and Shorts Rebalance

Bitcoin is currently holding above $114,000, a rise fueled by whale accumulation and short covering rather than widespread demand. Since mid-October, approximately 62,000 BTC have exited long-term wallets, indicating a notable decline in illiquid supply, which can create selling pressure if new demand isn't present. However,

Zcash Jumps 30% as Arthur Hayes $10,000 Call Ignites Interest

Zcash has experienced a significant surge of 30% in the past 24 hours, following a bullish prediction by crypto entrepreneur Arthur Hayes, who believes the token could eventually reach $10,000. This price surge comes after Zcash had already increased by 490% over the last 30 days, marking a historic

Bitcoin Price Analysis: 2.6% Gain as $319M in Shorts Liquidated; Trump–Xi Meeting Ahead

Bitcoin rebounded as it cleared $112,000, reaching approximately $114,500 on high trading volume late Sunday. Over the last 24 hours, $393.74 million in positions were liquidated, with $319.18 million from short sellers. Traders are now focusing on the $115,000–$116,000 range in anticipation of

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