Jay Clayton , former SEC head, questions whether the government should allow what's happening with GME right now.. @SquawkCNBC

Let's go, Avalanche!!!

One rather strange event of the past ten days: like ~600,000 Australians, much of my retirement savings is with a superannuation (think 401-k) firm called Unisuper Unisuper uses Google Cloud to store their data. Well, ~10 days ago, Google Cloud *accidentally* *deleted* *their* *account!!!* (Google Cloud seems to have confirmed, remarkably, that the fault was theirs.) They were, sensibly, using duplication across two different areas of Google Cloud provisioning, but when your entire account is wiped that doesn't help They were only saved by having a backup provider, and have now restored the data I usually think that using services like Google Cloud makes much more sense than trying to do stuff inhouse. But maybe that's less true than I thought I am, I must admit, much relieved unisuper.com.au/about-us/med…

Here's how Optimism's lack of fraud proofs will cost gitcoin 6-7 figures to shut down the OP stack chain Public Goods Network (PGN) 6 months after announcing winding down of PGN, there's still $1.5 million left . turning it off means burning these assets, which you definitely don't want to do for legal (& other) reasons But wait, what about all those DA costs we incurred posting the data to L1 , users can withdraw from ETH mainnet right? Wrong. No fraud proofs If you ever needed a compelling reason for choosing between Arbitrum Orbit over OP stack, this is it Take the risk of paying hundreds of thousands dollars a year to maintain your zombie chain, or easily shut it down & let users employ fraud proofs to take their assets out

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The Hyperliquid L1 will be transitioning to HyperBFT, a custom consensus algorithm written from the ground up. The implementation is in final stages of testing on testnet. The mainnet migration is expected to happen in the coming weeks. The Hyperliquid L1 is one of a few chains in production with real demand above 20k TPS. With a scope expanding far beyond perps trading (more on that later), it is crucial to optimize the foundational consensus algorithm. Like most modern consensus algorithms, HyperBFT is based on Hotstuff and subsequent improvements. Huge thanks to the researchers who continue to push the boundaries of what is possible on a decentralized state machine. Some properites of HyperBFT: 1) TPS will be massively improved. The current bottleneck for the Hyperliquid L1 is Tendermint, which caps out at 20k orders/second. HyperBFT can support up to 100x the throughput, though in practice the state machine execution will be a bottleneck at around 200k orders/second. 2) Consensus does not block on execution. Unlike Ethereum and Tendermint, the consensus algorithm can continue sequencing transactions without waiting for the hash of the current block being executed. 3) Confirmation latency will improve and stabilize, with block times bounded only by the network delay. Unlike earlier BFT algorithms such as Tendermint, there is no synchronous timescale baked into the consensus algorithm itself under normal block production. Blocks are produced as quickly as a quorum of validators can communicate. This property is sometimes called "optimistic responsiveness." The mainnet rollout will be incremental, focusing first on stability at performance parity with the current L1 before cranking up throughput.