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BTC $76,951.25 -1.41%
ETH $2,279.79 -2.87%
BNB $622.17 -1.63%
XRP $1.39 -2.81%
SOL $84.11 -2.80%
TRX $0.3248 +0.40%
DOGE $0.0973 -1.55%
ADA $0.2447 -2.96%
BCH $451.67 -0.05%
LINK $9.19 -3.03%
HYPE $41.79 +1.13%
AAVE $97.24 +1.52%
SUI $0.9222 -2.54%
XLM $0.1653 -3.30%
ZEC $354.32 +0.08%

geth

Vitalik: FOCIL and EIP-8141 can work together to achieve censorship-resistant fast on-chain

Vitalik Buterin posted on the X platform, stating that there is an important synergy between the FOCIL mechanism and the account abstraction proposal Ethereum's EIP-8141 (based on 7701). EIP-8141 elevates smart accounts (including multi-signature, quantum-resistant signatures, key changes, Gas sponsorship, etc.) to "first-class citizens," meaning that operations from these accounts can be directly packaged as on-chain transactions without additional encapsulation.At the same time, privacy protocols can achieve a multi-tenant account model through the paymaster or 2D nonce mechanism, thereby gaining the same level of native support. FOCIL provides a censorship-resistant fast transaction inclusion mechanism. With the combination of both, various transactions, including smart wallet transactions, Gas sponsorship transactions, and privacy protocol transactions, can be included in blocks by one of the 17 roles (proposers or inclusions) randomly selected for each time slot.Vitalik stated that this design can ensure that transactions are almost guaranteed to be completed on-chain within 1-2 time slots in adversarial environments. In the current version, each FOCIL volume is approximately 8kB, which is relatively small, but there is a path for future expansion that could support most transactions in a block entering through the FOCIL channel. This architecture is similar in characteristics to the multi-parallel proposer (MCP) design, but differs in that FOCIL does not control the "last look" related to MEV, which is still allocated through the ePBS auction mechanism.Vitalik emphasized that even if 100% of block time slots are monopolized by adversarial parties through the proposer-builder separation (PBS) mechanism, refusing to connect to the public mempool or discriminating against specific applications, FOCIL can still ensure that all transactions receive fast inclusion. Although this design does not eliminate the centralization risk of the proposer role, it significantly weakens its power. Under the EIP-8141 framework, transactions from smart wallets or privacy protocols can be directly received by FOCIL inclusions through the public mempool without additional intermediaries or encapsulation processes.Vitalik concluded that Ethereum is accelerating the advancement of core architecture upgrades.

4E: Ancient giant whales return, ETH, regulation and institutions work together, Bitcoin and Ethereum sentiment resonates and warms up

According to 4E observations, an "ancient whale that has interacted with the Ethereum Foundation" has significantly flowed funds back on-chain. Since yesterday, its address has purchased 7,318 ETH at an average price of $3,016, amounting to approximately $22.07 million. This address previously sold 12,575 ETH at last August's peak, and its total holdings have now rebounded to 10,529 ETH, indicating that deep participants are repositioning.On the regulatory front, the U.S. Nasdaq ISE has proposed to significantly raise the options position limit for BlackRock's IBIT from 250,000 to 1 million, reflecting strong expectations for the demand for spot Bitcoin ETF derivatives; the SEC has released a revised 2025 plan, pointing towards clearer crypto regulations, safe harbor provisions, and DLT-specific rules, clearly promoting the better integration of digital assets into traditional market structures.In terms of market sentiment, BitMine Chairman Tom Lee has softened his previous prediction of "Bitcoin at $250,000 by year-end" to "expected to return above $100,000," but still believes that setting a new high is possible; on the institutional side, Ark Invest has increased its holdings by over $16 million in Coinbase and CoreWeave, with large capital continuing to bet on crypto and AI infrastructure.4E Commentary: The return of ancient whales, the relaxation of ETF derivatives, the trend towards structured regulation, and continued institutional buying collectively form a mildly bullish signal. The "expectation gap" for Bitcoin has shifted from extreme optimism to rational optimism, while Ethereum is regaining attention from on-chain deep players. The funding and regulatory environment are improving simultaneously, and the market is entering a phase of "policy warmth, stable funds, and rising sentiment" resonating with three factors.
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