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Blockchain News - Real-time tracking of the Web3 industry dynamics

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Pudgy Penguins collaborates with Walrus to migrate to a decentralized storage platform

04-30 00:38

ChainCatcher news, Pudgy Penguins announced integration with the Walrus protocol to store and manage its growing digital media library, including stickers and GIFs for product and community experiences. The team will use 1TB of decentralized storage through Tusky (Walrus's user-friendly file management tool) and plans to expand to 6TB within the next 12 months.Pudgy Penguins previously used centralized storage solutions, facing challenges with long-term access and consistency with decentralized principles. Walrus addresses these issues by providing permanent, decentralized storage, ensuring that assets are always accessible and verifiable. Pudgy Penguins CEO Luca Netz stated that Walrus enables their team to easily upload, organize, and share content.Walrus is a decentralized data storage protocol based on Sui, while Tusky, as an important partner in its ecosystem, allows the team to manage access and version control without deep technical knowledge. This collaboration lays a more consistent, reliable, and scalable foundation for content management for Pudgy Penguins, while showcasing the potential of decentralized storage in practical applications.

Base implements the decentralized first phase of Ethereum Rollup, launching a fault-proof mechanism and establishing a security committee

04-30 00:13

ChainCatcher news, according to The Block, Base has implemented the first phase of Ethereum Rollup decentralization, launching a fault-proof mechanism and establishing a security council. Base developers stated that the network has reached the "first phase" of Vitalik Buterin's Rollup decentralization framework, making progress in reducing reliance on centralized participants.The Base team stated: "Base has achieved the first phase of decentralization, which is a key milestone in building an open global on-chain economy. This has been accomplished by launching permissionless fault-proof and enhancing the decentralization of the contract upgrade process through the security council."Base was launched in August 2023, developed using Optimism's OP Stack package, and has now become the largest Layer 2 rollup by TVL on Ethereum. Previously, Base was classified as a Stage 0 Rollup, mainly because it still relied on a centralized sequencer controlled by Coinbase, and its mainnet lacked fully operational permissionless fault-proof.

Base has reached the decentralized "first phase" of Ethereum Rollup, launching the fault-proof mechanism and establishing a security committee

04-30 00:10

ChainCatcher news, Base has reached the "first phase" of Ethereum Rollup decentralization, launching a fault-proof mechanism and establishing a security council. Base developers stated that the network has achieved the "first phase" of Vitalik Buterin's Rollup decentralization framework, making progress in reducing reliance on centralized participants.The Base team stated: "Base has achieved the first phase of decentralization, which is a key milestone in building an open global on-chain economy. This has been accomplished by launching permissionless fault-proofing and enhancing the decentralization of the contract upgrade process through the security council."Launched in August 2023, Base was developed using Optimism's OP Stack package and has now become the largest Layer 2 rollup by TVL on Ethereum. Previously, Base was classified as a phase 0 Rollup, mainly because it still relied on a centralized sequencer controlled by Coinbase, and its mainnet lacked fully operational permissionless fault-proofing.

Analysis: As Bitcoin rises, "speculative funds" are returning to the market

04-29 23:33

ChainCatcher news, according to Cointelegraph, as Bitcoin rises, short-term holders (STHs) are returning to the market, marking the entry of "speculative capital." Glassnode indicates a surge in Bitcoin's "hot capital." With BTC prices hovering at several-month highs, new investors are entering the market.Glassnode points out that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This metric reflects the activity of short-term holders and serves as a reference for measuring the entry of speculative capital into the market.In just the past week, "hot capital" has grown by over 90%, approaching $40 billion. Since the local low at the end of March, "hot capital" has cumulatively increased by $21.5 billion, highlighting a shift in market sentiment.

Concerns over tariffs weigh on economic outlook, with U.S. consumer confidence plunging to a nearly five-year low in April

04-29 22:27

ChainCatcher news, according to Jin10 data reports, the U.S. Conference Board Consumer Confidence Index fell to a nearly 5-year low in April, as concerns over tariffs intensified, dragging down economic prospects. The U.S. Conference Board data shows that the Consumer Confidence Index dropped by 7.9 points in April to 86.0, the lowest level since May 2020.Stephanie Guichard, Senior Economist at the World Federation of Large Enterprises Global Indicators, stated: "Consumer confidence has declined for the fifth consecutive month in April, reaching its lowest level since the outbreak of the COVID-19 pandemic." The U.S. GDP data, expected to be released tomorrow, is anticipated to show a significant slowdown in economic growth in the first quarter, as businesses rush to import goods to avoid rising costs from tariffs, leading to a surge in imports. Consumer spending may also slow significantly, as high inflation and concerns about the economic impact of tariffs prompt some households to cut back on spending to preserve savings.

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