CZ said that Binance has an issue on Futures trading then solved in 1 hour; Coinbase plans to integrate Bitcoin Lightning Network; FUD rising as Ethereum Shanghai upgrade approaches.
On Monday, April 10, Binance, the world’s largest crypto exchange, reported that the platform has registered issues affecting Futures users. He stated that their team is working on the solution and that updates will be provided to users over time.
Binance CEO Changpeng Zhao (CZ) stated that the exchange is facing several issues affecting Futures UM Rest service/API and UI and API.
“We are seeing some issues with the Futures UM Rest service/API affecting the UI and API. Our team is working on it. Announcement will be made soon. Thank you for your understanding. CM Futures (COIN-Margined) Contracts not affected, only UM (USD-Margined) Contracts affected”
About one week ago, Binance announced they had a problem with spot trading. After Binance’s developer team worked on that issue, and they figured out the problem and solved it. And now spot trading on Binance seems to be working well.
Cz said the problem is gone
Coinbase plans to integrate Bitcoin Lightning Network
CEO Brian Armstrong announced that Coinbase is considering integrating the Bitcoin Lightning Network.
Armstrong’s tweet was a response to Wicked’s concerns about the former CEO’s silence on Bitcoin, a popular Twitter user. Recent statements suggested that Coinbase intends to “integrate” the Bitcoin Lightning Network to make Bitcoin transactions cheaper and faster.
On April 9, Coinbase CEO Brian Armstrong tweeted, “Lightning is great and something we will integrate.”
What does the Twitter community think?
It was noteworthy that the Coinbase CEO’s message was a response to the sharing of the popular Twitter user, who is a Bitcoin enthusiast under the pseudonym Wicked. This user also claimed that Brian Armstrong avoided Bitcoin.
In addition, Wicked noted that after perusing the Twitter page of the Coinbase CEO, he did not write “not once” about Bitcoin. Wicked also shared a link on Armstrong’s page showing that his Bitcoin search history took him to a blank page, proving that he never tweeted about Bitcoin.
However, when Armstrong replied that his page automatically clears all data every six months, Wicked conveyed his satisfaction to receive the response.
It has been discovered that the Lightning Network significantly increases Bitcoin’s convenience as a cryptocurrency. As the network uses a smart contract for non-blockchain payments, the transfer becomes easier and faster.
FUD rising as Ethereum Shanghai upgrade approaches
FUD (fear uncertainty doubt) is rising in the markets as Ethereum’s Shanghai upgrade, which is scheduled for this Wednesday, approaches.
Private keys of Ethereum addresses may be vulnerable to attacks after the Shanghai upgrade. While interest in ETH among validators remains high, gas usage has declined.
The crypto community is eagerly awaiting the upcoming Shanghai upgrade, which has garnered a lot of attention from the Ethereum [ETH] community. However, the increased scrutiny could have potentially negative effects on the future of ETH.
What can the Shanghai upgrade lead to?
On April 9, Shenyu, founder of Cobo, a company that provides digital asset custody services, stated that the private keys of Ethereum addresses that stake their ETH may be vulnerable to vulnerabilities.
Cobo founder Shenyu said that with the upcoming Shanghai upgrade, more than two years of ETH staking will be withdrawn and that the withdrawn private keys of some staking nodes may have been leaked. Previously, the private keys of thousands of addresses eligible for the arbitrum airdrop were leaked.
To address this issue, he recommended that central staking providers study private key storage methods, assess the status of authorized personnel, and create contingency plans.
Although concerns about the upgrade are growing, validators on the Ethereum network continue to support the upgrade. Staking Rewards’ data shows that the number of validators on the network has increased by 3.08 percent over the past 30 days.
There are 563,803 validators on the Ethereum network, generating $2.34 billion in revenue. Investors have also started to look at ETH positively. This may be due to the drop in the volatility (IV) of Ethereum options.
A plausible explanation for this decrease in IV might be the increase in market liquidity. However, it’s worth noting that Ethereum’s IV rarely hits the same lows as Bitcoin.
Activity on the network has decreased significantly, as evidenced by declining gas usage in Ethereum. However, the number of NFT transactions on the network also fell during this period, which may have contributed to falling gas usage and lower activity.