Odaily News Beam Foundation announced on the X platform that it has burned 113,957,240 BEAM Tokens on May 1, reducing the total supply of BEAM Tokens by 40.9%.

Whale sold PEPE and BEAM at a huge loss in the short term to acquire DAI. He lost $7.02 million on PEPE and spent $11.10 million to purchase PEPE in 2024. In addition, he also lost $7.15 million on BEAM.

Beam announces the launch of BEAM 2.0, democratizing Financial Service by integrating stablecoins with traditional payments, bringing faster, cheaper, and smarter payments. The new version introduces three major platform updates, including Hub, payment API, and embedded, to provide better payment services for enterprises of all sizes.

Ethereum co-founder Vitalik Buterin pointed out in a blog post that Ethereum aims to become the "world ledger," emphasizing the importance of protocol simplicity. He proposed suggestions for simplifying the consensus layer and the execution layer, including adopting a new consensus layer called "Beam chain" and replacing the EVM with RISC-V. He advocated for setting a "maximum line of code target," striving for Ethereum's key code to approach the simplicity of Bitcoin, and emphasized the principles of choosing simple solutions, encapsulating complexity, and adopting verifiable attributes and guarantees in design decision-making.

PANews, December 14th news, according to Spot On Chain monitoring, in the past 29 hours, a Whale has spent 1,458 WSTETH (6.7 million USD) to purchase 1.8955 billion BEAM at an average price of 0.03515 USD. Overall, since December 1st, the Whale has spent 35.7 million USD of ETH to purchase 4 types of Token, including: 1024.5 million FTM (cost: $13.5 million), now at a loss of $181,000 53.17 billion PEPE (cost: $11.04 million), now profit +$1.94 million 189.55 million BEAM (cost: $6.7 million), now profit $91,400 2.453 million

Odaily Planet Daily News According to Onchain Lens monitoring, after losing $14.14 million in PEPE and BEAM, a whale lost another $853,000 on ONDO. Subsequently, it spent 5.33 million DAI to purchase 63.42 WBTC at a price of $84,150, and purchased 1,087.32 MKR using wstETH worth $1.53 million at a price of $1,416.

Etherum core developer Justin.eth Drake announced that Beam Chain will be renamed, summarizing the team expansion and the support of the consensus layer team. Beam Chain has 14 consensus layer teams spread across most continents worldwide, using multiple programming languages, planning to develop ZKVM technology and introduce new features. This provides a starting point for developers to understand the underlying technology of Ethereum.

PANews reported on December 24th that according to data from the Beam Foundation, Beam Node Token has minted 57,959, with a total value of 72 million US dollars, while 1,741,942,255 $BEAM tokens have been destroyed, with a destruction value of approximately 52 million US dollars, accounting for nearly 3% of the circulating supply. Currently, the minting cost for each Node Token has been increased to $3750. Beam

Odaily Star Daily News Beam announced that Avalanche now supports Beam

ETH Foundation's core researcher Justin Drake announced the proposal of Beam Chain to reset the Consensus layer of Ethereum at Devcon. This proposal will make improvements in block generation, stake, cryptographic Consensus, etc., to maintain high security and improve performance. This will not change the Ethereum roadmap but will bundle a set of upcoming changes together. Beam Chain is expected to be standardized in 2025, start code writing and testing in 2026, and then consider deploying on the Mainnet.

PANews reported on March 3 that, according to OnchainLens monitoring, a Whale has sold all its holdings of PEPE and BEAM, exchanging them for 6.25 million DAI, resulting in a loss of 14.14 million USD. Subsequently, the Whale spent DAI to purchase 5.34 million ONDO at an average price of 1.17 USD.

Odaily Planet Daily News According to PDX Global, a Digital Bank and payment developer for Cryptocurrency, has announced the completion of a round of testing for PDX Beam. PDX Beam is an end-to-end payment transaction process and a seamless Cryptocurrency-to-cash payment platform for merchants and consumers. PDX launched a real-time public testing program on Thursday, December 19. PDX Beam

BlockBeats news, on December 16th, according to the official announcement from Beam, with the approval of Avalanche community proposal ACP-77, the Etna upgrade will be implemented soon, affecting all subnets, including the Beam Network. After this upgrade, the Beam Network will officially be referred to as a Layer 1 Blockchain network, as it will break away from Avalanche.

The inflow of funds into digital asset investment products continues to increase, with the total inflow of funds reaching $11.7 billion, and the inflow of funds so far this year has reached a record $33.5 billion. The inflow of funds into Ethereum and Solana has also increased.

PANews December 20th news, DWF Labs announced a $250,000 investment in Beam Nodes of the Beam Foundation to support innovation, transparency, and Decentralization development of blockchain technology. Beam Foundation said that DWF Labs is a well-known investment institution and market maker in the encryption industry, and this investment will be used to support Beam Node

Researcher Justin Drake of Ethereum released a paper revealing the details of the BeamSNARKs Algorithm. For Ethereum, the implementation of the BeamSNARKs Algorithm is revolutionary, bringing improvements in both privacy and scalability, supporting use cases such as Confidential Transactions and private Smart Contracts. It is expected that Ethereum will take several years to transition from the PoS era to the ZK era.

ChainCatcher News, the Beam Foundation announced plans to launch Beam in Abu Dhabi

The Beam Foundation announced plans to establish a $150 million venture capital fund, Beam Ventures, in Abu Dhabi, focusing on innovation in blockchain, gaming, and artificial intelligence, driving industry rise and redefining gaming experiences, and providing resource support for game developers and early-stage startups.

Delphi Ventures founding partner José Maria Macedo expressed disappointment with the ETH 1.0 upgrade proposal 'Beam Chain', stating that it is simply a refactored codebase that only improves block speed and quantum resistance, which is not enough to make Ethereum competitive. The Ethereum Foundation needs more ambitious ideas.

According to official news, Merit Circle released its financial report for the first quarter of 2024, which showed that Merit Circle's treasury funds increased from $118,132,538 as of December 31, 2023 to $201,252,368 as of March 31, 2024, an increase of 70.36% compared with the previous quarter. In addition, in the first quarter of 2024, a total of 141,402,030 BEAM Token worth $4,705,370 were purchased, and all BEAM Token purchased during the quarter have been burned.