Ethereum | ForkLog

ForkLog 8 19.09.2024

Bitwise CIO: Critics of Ethereum Will Be Proven Wrong

Ethereum has recently faced criticism due to its negative price trend, but this situation is expected to change. This view was expressed by Bitwise’s Chief Investment Officer (CIO) Matt Hougan. “It’s currently fashionable to dislike Ethereum. I bet that in the end, this will look foolish,” he noted. In recent months, Ethereum has shown weakness. […]

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ForkLog 8 18.09.2024

Google Cloud Unveils Ethereum RPC Service

Google Cloud’s service has launched a remote procedure call (RPC) service, enabling developers to access blockchain data and functionality through an API. Google’s cloud division’s Blockchain RPC supports Ethereum’s main and test networks. Over the next year, additional blockchains are expected to be added. The tool is compatible with the Ethereum JSON-RPC standard, allowing developers […]

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ForkLog 15 16.09.2024

Ethereum Whale Begins Liquidating Part of 16,636 ETH Holdings

An investor who acquired 16,636 ETH in February 2016 for $87,135 has begun to partially realise profits. 一个在 2016 年 2 月以 $5.23 的单价从 @ShapeShift 接收到 16,636 枚 ETH 的远古鲸鱼，时隔 8 年半后开始出售这些 ETH。他在收到这些 ETH 后一直持有，直到 4 小时前将这 16,636 ETH ($39.62M) 转移到 0xe3e…566 地址，然后以 $2,340 的价格出售了 350 枚 ETH。他当时收到这 16,636 枚 ETH… pic.twitter.com/F0uljalb7l — 余烬 […]

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ForkLog 48 16.09.2024

Vitalik Buterin Highlights the Benefits of Solo Staking in Ethereum

Solo staking in Ethereum is crucial for the security and decentralisation of the second-largest cryptocurrency by market capitalisation, according to its co-founder, Vitalik Buterin, as reported by Cointelegraph. According to the expert, individual stakers form an uncoordinated and diverse group, reducing reliance on CEX. Even a small proportion of them can add an important decentralised […]

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ForkLog 11 16.09.2024

Ethereum Developers Consider Splitting Pectra Update into Two Phases

During the All Core Developers meeting, Ethereum developers proposed dividing the major Pectra update into two phases. The first phase is planned for activation in early 2025. The idea is being advanced to expedite the implementation of the first upgrade, potentially by February next year. “Splitting the fork only makes sense if we are talking […]

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ForkLog 18 13.09.2024

Expert Identifies Key Condition for Ethereum’s ‘Parabolic’ Surge

Ethereum traders’ sentiment requires a slight nudge for the asset’s price to embark on a ‘parabolic’ rise, according to CryptoQuant. Analysts noted that such a scenario will become possible when the funding rate for perpetual ETH contracts exceeds 0.015%. In this case, “the calm will turn into a storm,” they added. “To witness another parabolic […]

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ForkLog 12 06.09.2024

Ethereum Foundation’s Financial Cushion Evaluated by Expert

The Ethereum Foundation (EF) possesses sufficient funds to operate for approximately 10 years, based on the current ETH exchange rate. This assessment was provided by Ethereum researcher Justin Drake. During an AMA session on Reddit, the expert revealed that the Swiss-registered non-profit organization will soon release a financial report. Source: Reddit. The EF’s main wallet […]

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ForkLog 13 06.09.2024

Ethereum Market Depth Declines 20% Following Spot ETF Launch

Since the launch of spot Ethereum ETFs in the US, the average 5% market depth for ETH pairs on domestic centralized exchanges has decreased by 20%, to approximately $14 million, according to CoinDesk, citing CCData. In other words, it has become easier to move the spot price by 5% in either direction, indicating reduced liquidity […]

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ForkLog 14 06.09.2024

Static on the ether: why Ethereum is falling

Since ETH ETFs began trading on July 23, 2024, the second-largest cryptocurrency has slumped by more than 31%. While bitcoin retains its reputation as digital gold suited to HODLing, Ethereum is used more for paying transaction fees and interacting with smart contracts and DeFi applications. “Buterin’s coin” also generates income via staking and other passive […]

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ForkLog 5 06.09.2024

Ethereum’s Return to All-Time Highs Unlikely This Year, Says Expert

A return to Ethereum’s peak of $4878 by year-end is “possible, but highly unlikely,” according to Derive founder Nick Forster, as reported by Cointelegraph. The expert asserts that ETFs based on the asset are losing out to tech stocks that offer “higher returns.” Additionally, the second-largest cryptocurrency lacks a “strong narrative capable of driving its […]

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ForkLog 8 05.09.2024

Ethereum Lags Behind Bitcoin by 44% Since Transition to PoS, Says CryptoQuant

The price of Ethereum has significantly “lagged” behind that of digital gold since the activation of The Merge and the full transition to the Proof-of-Stake (PoS) consensus algorithm. This is reported by The Block, citing analysts from CryptoQuant.

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ForkLog 17 03.09.2024

Ethereum Rival Ethervista Consumes 150 ETH in Gas Fees Within a Day

Ethervista, a platform touted as an Ethereum counterpart to Pump.fun, consumed approximately 150 ETH (~$377,000) in gas fees within a day of its launch. This was highlighted by journalist Colin Wu. In the past 24h, Ethereum’s Pumpfun-like platform Ethervista consumed about 150 ETH in gas fees. The first token VISTA once rose more than 15x. […]

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