ChainCatcher message, Sui officials posted on the X platform stating, "Between 1:15 and 3:45 PM Pacific Time on November 21, 2024, the Sui mainnet experienced downtime. All validators fell into a crash loop, preventing any transactions from being processed. The Sui network suffered its first network failure due to a bug in the congestion control code. This bug originated from a recent upgrade to the congestion control code, aimed at better utilizing shared objects. Sui contributors quickly deployed a fix and restored normal network activity within 2.5 hours."

ChainCatcher message, Starknet tweeted that its mainnet will upgrade to version v0.13.3 on November 27. At that time, the Blob Gas price on Starknet will be 5 times cheaper. Some node operators running Juno instances need to upgrade to version v0.12.4 to sync with the v0.13.3 blocks; if using Pathfinder > v0.14.2, no action is required.

ChainCatcher news, Degen officials announced on social media that the infrastructure migration has been lifted, and a series of upgrades will take place in the future, including upgrading to OMNICHAIN, launching new development tools, upgrading the veDEGEN Vault, decentralized on-chain tipping, building a rapid deployment toolchain for other memecoins, and planning to hold the 1st anniversary celebration of DEGEN in Poland in February, among others.

ChainCatcher news, according to the official announcement, Binance is expected to suspend the token deposit and withdrawal services for Shentu (CTK) at 20:00 on November 19, 2024, UTC+8, to support its network upgrade and hard fork. The project team will carry out the network upgrade and hard fork at block height 21,239,900 (expected at 21:00 on November 19, 2024, UTC+8).

According to ChainCatcher, The Block reported that Ethereum Foundation researcher Justin Drake proposed a new consensus layer upgrade called "Beam Chain" at the Devcon conference, which the community refers to as "Ethereum 3.0."The proposal aims to achieve faster block times, lower validator staking requirements, "on-chain snarkification," and improvements in quantum security. The core of Beam Chain lies in the introduction of technologies such as zkVM, significantly enhancing the scalability of the Ethereum mainnet without relying on Layer 2 solutions. Doug Colkitt, founder of Ambient Finance, stated that the localization of zkEVM could completely eliminate gas limits, allowing nodes to only verify snarks, theoretically achieving infinite scalability for L1.Nevertheless, the proposal may lead to further centralization of block building. Drake emphasized that the final implementation of Beam Chain requires community consensus and called it his "most ambitious proposal to date." He previously resigned from his advisory position due to potential conflicts of interest with EigenLayer.

ChainCatcher news, according to The Block, Ethereum Foundation researcher Justin Drake proposed a new consensus layer upgrade called "Beam Chain" at the Devcon conference, referred to by the community as "Ethereum 3.0". This proposal aims to achieve faster block times, lower validator staking requirements, "chain snarkifaction", and quantum-safe improvements. The core of Beam Chain lies in the introduction of technologies like zkVM, significantly enhancing the scalability of the Ethereum mainnet, potentially without relying on Layer 2 solutions.Doug Colkitt, founder of Ambient Finance, stated that the localization of zkEVM could completely eliminate gas limits, allowing nodes to only verify snarks, theoretically achieving infinite scalability for L1. Nevertheless, this proposal may lead to further centralization of block building.Drake emphasized that the final implementation of Beam Chain requires community consensus and called it his "most ambitious proposal to date." He previously resigned from his advisory position due to potential conflicts of interest with EigenLayer.

ChainCatcher message, according to the official announcement, at the request of Sonic, the OKX Web3 wallet will upgrade the Sonic Testnet (SVM) to version v1. During the upgrade, the Sonic Testnet (SVM) service will be temporarily unavailable, and the upgrade is expected to be completed by November 13, 2024.After the upgrade is completed, users can view Sonic Testnet (SVM) assets in the wallet.

According to ChainCatcher news and the official announcement, Binance is expected to suspend the token deposit and withdrawal services for Filecoin (FIL) at 06:00 on November 21, 2024, UTC+8, to support its network upgrade.The project team will conduct the network upgrade at block height 4,461,240 (expected at 07:00 on November 21, 2024, UTC+8).

ChainCatcher news, according to The Block, Muneeb Ali, the founder of the Bitcoin Layer2 network Stacks, stated on social platform X that the highly anticipated Stacks upgrade could be launched as early as next month. Ali said, "Early December is the target date, and sBTC v1 seems to be progressing as planned, with subsequent upgrades rolling out in January and beyond."Stacks describes sBTC as the first trustless two-way Bitcoin anchoring system, which has the potential to expand decentralized finance (DeFi) applications on the Bitcoin base layer. The system aims to address Bitcoin's "write problem," which is the challenge of writing data directly to the Bitcoin main chain, a critical issue for DeFi applications.

ChainCatcher news, the decentralized storage platform MEMO recently announced that its Memo Megrez network will undergo an upgrade. MEMO will officially become a user-centric AI data cloud, providing comprehensive solutions for the integration of artificial intelligence and blockchain technology.It is reported that the MEMO network offers a full range of services, including data storage, computing, and content distribution. Enterprises and individuals can contribute idle storage resources through the MEMO network and monetize these resources through its incentive model to achieve stable income.After the network upgrade is completed, MEMO will provide a global data cloud network for AI enterprises, developers, and enthusiasts, supporting them in building and deploying decentralized AI models and applications.

ChainCatcher message, according to Mytoken data, as of now, based on the supply data analysis of Ethereum, the supply of ETH is greater than the amount burned, with an additional 11,431 ETH added in the last 7 days.Ethereum's revenue and ETH supply burn have significantly decreased, with total revenue being 69% lower than the average of the 150 days prior to the upgrade, and the amount of ETH burned being over 80% lower than the average of the 150 days prior to the upgrade.

ChainCatcher news, Ethereum developers have introduced a temporary test network named Mekong for the Pectra upgrade. This testnet is designed to trial specific code changes before deploying them to other public testnets and ultimately to the mainnet.According to a blog post by Ethereum core developers, the testnet aims to explore the impact of these changes. The post notes that although the testnet will run for a short period, it is considered to be fully functional for Pectra, containing all proposed EIPs. The developers stated, "We may see some minor specification changes or smaller EIPs, but the features included here will make their way into the existing public testnets and eventually into the Ethereum mainnet."Initially, the Pectra upgrade plan included 20 Ethereum Improvement Proposals, but this number has been reduced to about 8. These modifications focus on improving user experience and network efficiency when Pectra launches on the mainnet.Key changes being tested include enhancements to the user experience of crypto wallets and account abstraction, increasing the maximum validator staking limit from 32 ETH to 2,048 ETH, updating deposit and withdrawal mechanisms, and more.

ChainCatcher news, according to the official announcement, Upbit stated that due to the Near Protocol (NEAR) network upgrade, it is expected to suspend its deposit and withdrawal services at 18:00 local time on November 5, and will resume once the network upgrade is completed and confirmed stable.

ChainCatcher message, Cosmos Hub announced on platform X that it is ready for the Cosmos Hub v21 upgrade, which will be launched at block 22953640 (expected at 23:00 Beijing time on November 6).This upgrade will allow consumer chains to send ICS rewards of any denomination through any IBC channel and combine rewards of up to three denominations without any permission required.

ChainCatcher news, BitMEX CGO Raphael stated that ETH/BTC has currently retraced all the gains since the EIP-1559 upgrade to a deflationary mechanism in 2021. Bitcoin consistently outperforming Ethereum is becoming a fundamental expectation in the market. The inflow of funds into Bitcoin ETFs is often more than 100 times that of Ethereum.MicroStrategy continues to raise billions of dollars to purchase Bitcoin, and some large publicly listed companies (such as Tesla) also hold Bitcoin instead of Ethereum.