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

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

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