Ethereum gas consumption has plummeted 99.99% since The Merge, transforming the network into a more environmentally friendly platform. One year after the major upgrade, The Merge, which marked the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus, Ethereum has achieved certain improvements, including a record drop in gas consumption. AccordingContinue Reading
ARK Invest and 21Shares have been the latest prominent players to apply for an Ethereum futures exchange-traded fund (ETF). The application was co-filed with the U.S. Securities and Exchange Commission on August 24, 2023. Will high-profile applicants tip the scales for an Ethereum ETF? The two products are called ARKZContinue Reading
Ethereum staking will no longer be valid for Bitstamp US customers starting in September. It’s becoming more difficult for exchanges to offer staking services to American investors Bitstamp to Stop Ethereum Staking Bitstamp, one of the world’s most established cryptocurrency exchanges, announced it would halt Ethereum staking on the exchange.Continue Reading
Ethereum’s founder Vitalik Buterin has transferred 600 ETH, worth $1 million, to Coinbase, as reported by Etherscan. This move has quickly caught the crypto community’s attention and sparked speculation that it would trigger a pullback in Ethereum’s price. Crypto experts have pointed out that his position is losing money. However,Continue Reading
Base, Coinbase’s layer-2 scaling solution, has announced the opening of its Mainnet Bridge to the tomorrow. The move is part of the U.S. leading exchange to onboard a million builders and users to the blockchain. Summer on Base has yet to come online, and it won’t be ready until theContinue Reading
Six financial entities, including Volatility Shares, Bitwise, Roundhill, VanEck, Proshares, and Grayscale, are reportedly seeking approval to offer Ethereum futures exchange-traded funds (ETFs). This discovery was uncovered by James Seyffart, a research analyst within Bloomberg Intelligence. According to James’ findings, Grayscale, Bitwise, and Roundhill initially filed for Ethereum Strategy ETFsContinue Reading
Contrary to expectations, the Shanghai upgrade has not triggered an exodus of users, but rather a surge in staking deposits on Ethereum. In fact, it looks like ETH may be ready to take on the $2,000 mark, at least in the short term. Staking Activity On The Rise According toContinue Reading
With growing institutional demand for cryptocurrencies, particularly Bitcoin and Ethereum, CME Group is looking to expand its range of services. On June 29, CME Group, the world’s leading financial derivatives exchange operator, announced that it would launch ETH/BTC futures ratio, pending regulatory approval. It is expected that the new offeringContinue Reading
Coinbase, the crypto exchange giant, has announced today its launch of Bitcoin and Ethereum futures contracts focusing on institutional investors. In a series of statements, the CEO of Coinbase, Brian Armstrong, revealed that new offerings are available from June 5 on Coinbase Derivatives Exchange, Coinbase’s CFTC-regulated futures exchange. “BTI andContinue Reading
Circle, the leading stablecoin issuer, has announced its plan to deploy its native token USD Coin (USDC) on the Arbitrum network. The Arbitrum Foundation also confirmed this deployment in a recent statement. This strategic decision aims to enhance liquidity and streamline cross-chain transfers, revolutionizing the user experience. USDC Debut OnContinue Reading
Following the successful Shanghai (Shapella) upgrade, Ethereum developers are moving to the next stage. The coming milestone Cancun-Deneb is part of Etherem’s sharding roadmap and is focused on one of the most anticipated network issues – Ethereum’s gas fee. During the latest bi-weekly call, all-core devs highlighted that the keyContinue Reading
Ethereum gas fees soared in the past few days due to the frenzy surrounding meme-inspired cryptocurrencies. The popularity of these coins has led to the growing demand for transactions on the Ethereum network, resulting in higher fees. Memecoins made a remarkable comeback, with Pepe The Frog leading the way. RecentlyContinue Reading
The Ethereum ecosystem looks bullish after the Shanghai upgrade, and staking has seen steady growth. The recent upgrade laid the groundwork for future network scalability and performance developments. The Ethereum network underwent a major milestone after successfully deploying the Shanghai upgrade, also known as Shapella, at epoch 194.048 on AprilContinue Reading
The Shanghai upgrade is here! Ethereum’s highly-anticipated hardfork set to implement several Ethereum Improvement Proposals (EIPs) is a critical step between the Merge and Surge phases in Ethereum’s scaling roadmap. The Shanghai upgrade will allow stakers to unlock their staked ETH. However, there are concerns among some investors about aContinue Reading
The Shanghai upgrade is on the horizon. The hype is simply too great not to watch. Ultimately, the Shanghai hard fork is a crucial milestone toward a more efficient, secure, and sustainable Ethereum network. Unlocking Staked ETH The upcoming Shanghai upgrade scheduled for April 12, 2023, has generated headlines withContinue Reading
