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13:59
Ethereum Foundation researcher: Execution ticket mechanism will convert MEV revenue into protocol burn, returning validators to pure staking roles
Foresight News reports that Barnabé Monnot, head of the Robust Incentives Group (RIG) at Ethereum Foundation, introduced the "Execution Tickets" mechanism at the EthCC[9] conference. He pointed out that the current PBS architecture grants excessive monopoly power to block proposers, and execution tickets will auction the execution and ordering rights of transactions within a block at the protocol layer to ticket holders. Validators will retain only signature and consensus functions, and will no longer directly participate in MEV allocation.In terms of the economic model, revenue from the sale of execution tickets will be directly burned by the protocol (similar to the EIP-1559 mechanism). The MEV profit that originally flowed to a few high-level participants will be distributed among all ETH holders in a deflationary manner. For validators, after MEV revenue is intercepted by the ticket market, their income will become smooth and predictable, with no need to run complex MEV-Boost plugins or pursue hardware and network advantages, thus greatly lowering the participation threshold for home stakers. Barnabé stated that execution tickets are the core solution in the "The Scourge" phase of Ethereum's roadmap. Combined with mechanisms such as inclusion lists, they will effectively prevent specific builders from censoring transactions.
13:58
Analyst: Uncertain Navigation in the Strait of Hormuz May Keep Oil Prices High
Golden Ten Data reported on April 1 that market hopes for a de-escalation of the Iran conflict are encouraging, but may be premature, as tensions remain high and navigation through the Strait of Hormuz is still restricted. Forex.com market analyst Fawad Razaqzada stated: “We are seeing a pullback in crude oil, but Brent crude oil futures are holding at around $100 per barrel, indicating that the market is not fully convinced yet. Without a clearer timetable for reopening—more importantly, without credibility—it is difficult to see oil prices consistently fall below $100.”
13:57
S&P: US manufacturing shows resilience amid Middle East conflicts
```htmlGolden Ten Data reported on April 1 that Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, commented on the U.S. March PMI data, stating that the U.S. manufacturing sector has demonstrated encouraging resilience in the context of the outbreak of war in the Middle East. Business confidence regarding output for the coming year has also remained strong so far. This ongoing resilience partly stems from reduced concerns over government policy and also suggests that manufacturers expect the impact of the war to be short-term and limited, although uncertainties persist. At present, the effects of the conflict are still in the early stages, with surging prices and delivery delays casting a shadow over the outlook, potentially driving up inflation, suppressing demand, and hindering supply chains. Driven by soaring oil prices, factory input costs have risen sharply, and supplier delays have become more widespread than at any time since October 2022. As a result, some manufacturers have increased inventories to prepare for future price rises or supply shortages, while hiring has nearly stalled to reduce labor costs, highlighting concerns that the war could cause problems for factories in the coming weeks.```
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