🐺EOF Delayed by ETH Community + New Structuring of EF, Saylor re-ups on BTC

Ethereum Drops EOF from Fusaka Upgrade Amid Community Pushback

Ethereum developers have removed the EVM Object Format (EOF) from the upcoming Fusaka upgrade, slated for Q3 or Q4 2025, following strong community opposition and technical concerns. EOF, a proposed overhaul of the Ethereum Virtual Machine (EVM), aimed to simplify smart contract development through several Ethereum Improvement Proposals (EIPs). Critics, however, argued it was overly complex, risking delays and uncertainties.

The decision, announced by Ethereum core developer Tim Beiko, prioritizes PeerDAS—a scalability-focused feature—over EOF to ensure a smoother rollout. The move reflects broader issues in Ethereum’s upgrade process, with developers noting a lack of clarity on EOF’s implications. While EOF is sidelined for Fusaka, it could be reconsidered for the subsequent Glamsterdam upgrade if its case is strengthened. This shift underscores Ethereum’s cautious approach to balancing innovation with network stability

From LayerZero Labs

• LayerZero’s vApp framework builds on their earlier Quick Merkle Database (QMDB) project, launched in January 2025, which focused on improving blockchain storage with 2.28M state updates per second.

• The vApp framework uses Rust, a programming language known for speed and safety, to help developers create verifiable apps without needing deep blockchain expertise.

• Succinct Labs, LayerZero’s partner, provides a decentralized prover network using SP1, enabling zero-knowledge proofs that ensure app computations are secure and transparent.

• The framework’s performance benchmarks show a 832x reduction in processing cycles compared to Ethereum’s EVM, addressing a key bottleneck in blockchain app development.

• vApps aim to bridge Web2 and Web3 by allowing developers to write apps in a familiar way while adding blockchain verifiability, potentially expanding use cases like IoT and financial data attestations.

• The announcement aligns with growing industry trends in 2025, where blockchains like Ethereum are prioritizing scalability, as seen in Ethereum’s Fusaka upgrade delays due to community pushback on complex changes like EOF.

Polymarket proves it (and other prediction markets) are here to stay

Polymarket, the leading blockchain prediction market, has defied skeptics by thriving 6 months after the 2024 U.S. election frenzy. After handling $3.7B in election bets, the platform now holds 85% of the $162M locked in prediction markets, with steady trading volumes of $20–30M daily. Users have shifted from election bets to topics like sports, crypto prices, and global events, with a quarter of activity now unrelated to U.S. markets. Data scientist Alex McCullough highlights Polymarket’s 94% accuracy, especially in sports betting, though long-term predictions can be misleading. For smarter bets, focus on underpriced “No” options and time your trades—buy “No” early, and watch for sports market shifts after games start. Polymarket’s resilience shows prediction markets are more than a one-hit wonder!

Whales Move to Accumulate $ETH

During the week of April 23–29, 2025, Ethereum whales accumulated an estimated 4,425 $ETH worth $7.89M, continuing a trend reported by U.Today where a whale withdrew 3,844 $ETH ($6.51M) from Bitget by April 21, with daily buys averaging ~630 $ETH as $ETH rose 13% to $1,782; this activity, likely involving 3–4 whales moving coins off exchanges for staking or DeFi, signals strong confidence in a potential rally toward $2,000.

Breaking down $VIRTUAL.X ( ▼ 2.54% ) : The Good, The Bad, The Hype

• The Good:

  • $VIRTUAL’s price action is insane—100%+ in a week, reclaiming $1B and hitting $1.2B. It’s the top performer among “framework tokens” (platforms enabling AI agent creation).

  • Genesis Launch is a game-changer. Its point-based system rewards ecosystem participation, and early agents like BasisOS are delivering 17x returns, driving demand for points and $VIRTUAL.

  • The broader AI agent market is hot, up 25%, and Virtuals is riding the wave with strong social sentiment and whale accumulation.

  • Binance.US listing and BasisOS integration add credibility and liquidity, opening doors to U.S. investors and DeFAI platforms.

• The Bad:

  • Protocol revenue is a ghost of its former self, dropping from $1.5M in January to under $50K in April. The Base Virtuals app is barely contributing.

  • Agent creation hasn’t grown since mid-January, and Solana’s a dead zone for Virtuals. This suggests limited organic adoption.

  • The rally feels speculative. It’s tied to Genesis hype and point-chasing, not a surge in actual agent usage or protocol activity.

• The Hype:

  • Social media’s ablaze—X posts call $VIRTUAL a “signal, not a pump,” with 150% weekly gains and $575M in 24-hour trading volume.

  • DeFAI agents like BasisOS are capturing imaginations, blending AI with real-yield strategies. The 17x gain is a poster child for what’s possible.

  • Analysts on X see $VIRTUAL testing $2.8 or even $5 if momentum holds, though RSI is overbought, hinting at a possible pullback.

$ONIC.X ( ▼ 5.3% )  hits its 7th green month straight!

ONIC blasted through a 7th straight month of positive Revenue Share!

Although token price is down, the consistent Rev Share paid out in $ETH.X ( ▼ 2.86% ) to holders will become both a bear and bull market staple! (40% of all trading profits are split among holders based off of their slice of the pie).

If you haven’t seen me very active on X…there’s a very good reason for that! Apparently going absolute beast mode on reply guy szn doesn’t bode well for not looking like a bot (1500-2500 replies per day seems rather inorganic). So my account (@noahmajor1776) is currently suspended. All that to be said, we will STILL be coming at you with the weekly newsletter!

Talk soon!

V/r,

Noah (Nono) Major