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first_img Block gave away 1 Bitcoin at ComplexCon, valued at approximately 85,000 US dollars

Financial technology company Block, founded by Jack Dorsey, gifted a participant at the ComplexCon event in Los Angeles with 1 Bitcoin, which was valued at approximately $85,000 at the time. Block participated in this annual event organized by Complex Networks to introduce Bitcoin to new users through "culture, shopping, and entertainment."Block's Cash App set up a fishing game booth called "Lightning Lake" at the event, where participants could win small amounts of Bitcoin, and one player caught a whole Bitcoin. Maria Pesce, Block's Bitcoin marketing lead, stated that the goal is to make Bitcoin approachable, tangible, and fun, "so that people can go from never having used Bitcoin to making payments with it while walking around the lake." She mentioned that Block's aim is to make Bitcoin a daily currency.Block has long promoted Bitcoin adoption through its products: Cash App allows users to send, receive, and buy Bitcoin, while Square's point-of-sale systems accept Bitcoin payments via the Lightning Network. The company, which is listed on the New York Stock Exchange, also launched an advertising campaign this month to encourage people to use Bitcoin as a medium of exchange. Dorsey left Twitter in 2021 to focus on payment and Bitcoin adoption and has repeatedly expressed his desire for Bitcoin to become a global currency and "everyday money." During the event, Kanye West's daughter North West was also spotted trying to fish for Bitcoin with rapper French Montana at Lightning Lake.

first_img The Ethereum staking withdrawal queue has decreased to 767,000 ETH, and the impact of MetaMask validators exiting has weakened

The Ethereum staking withdrawal queue has retreated from last week's peak. After MetaMask began withdrawing validators, the withdrawal queue once climbed to about 851,000 ETH, and is currently down to about 767,000 ETH. Previously, on September 29, the queue was only about 166,000 ETH, growing more than five times in just a few days, reaching about 2% of the total staked ETH of approximately 43.6 million.On September 30, MetaMask disclosed a security incident affecting some of its infrastructure and took the affected validators offline as a precaution. Its update on October 1 stated that the investigation found no signs of impact on wallets or customer funds. In addition to its wallet services, MetaMask also operates validators for the staking service provider Lido. Ethereum security researcher Kaden estimates that this precautionary withdrawal involves about 17,000 validators and approximately 523,000 ETH, although MetaMask has not confirmed this data.Lido expects that as the affected validators withdraw and their balances are extracted, these ETH will gradually be restaked, a process that may take about 45 days. During the downtime, the affected validators will miss out on rewards, and Lido stated that stETH holders do not need to take any action. Meanwhile, the demand for entering the staking queue has cooled, with about 1.5 million ETH waiting to enter, and the estimated waiting time is about 25 days.
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