Ethereum | ForkLog

ForkLog 8 17.06.2024

Ethereum Ecosystem’s TPS Reaches New Heights

On June 16, the total transactions per second (TPS) of Ethereum-based projects surged to a record 245.87. Source: L2BEAT. This equates to approximately 21.2 million operations per day. Of this total, around 41% was contributed by the third-level solution Xai, based on the L2 network Arbitrum. Until June 10, the protocol’s TPS occasionally exceeded one […]

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ForkLog 6 15.06.2024

Launch of Spot Ethereum ETFs Delayed, Analyst Reports

Bloomberg analyst Eric Balchunas has reported a delay in the launch of spot Ethereum ETFs to July 2, following feedback received by issuers on their S-1 forms. Note: our previous over/under was July 4th so this isn’t major shift but 1) we startted to feel like it would take longer so this is kinda good […]

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ForkLog 5 14.06.2024

Ethereum Holders Accumulate Near-Record Amount of Coins Post-Fed Meeting

On June 12, Ethereum holders added 298,000 ETH (~$1.34 billion) to accumulating addresses, marking the second-highest daily amount in history, according to CryptoQuant. Ethereum demand has spiked. Buying by permanent holders was the second highest on record yesterday: 298K ETH. The record daily buying was last September 11: 317K ETH. pic.twitter.com/0qMVpNU8ht — Julio Moreno (@jjcmoreno) […]

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ForkLog 6 14.06.2024

Gary Gensler Predicts Timeline for Ethereum-ETF S-1 Approvals

The SEC head suggested the registration of S-1 forms for an ETH-ETF could occur by summer’s end. The absence of staking in an Ethereum-based ETF may limit institutional demand for the product. JPMorgan expressed doubts about sustaining high inflows into BTC-ETFs. Approval of the S-1 for an Ethereum-ETF is possible “by the end of this […]

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ForkLog 9 12.06.2024

MetaMask Introduces ‘Pooled’ Ethereum Staking Feature

Developers of the non-custodial wallet MetaMask have unveiled a ‘pooled’ Ethereum staking feature. The service lowers the entry threshold of 32 ETH (~$113,000) for ordinary users, reports CoinDesk. According to ConsenSys representatives, the service will not be available in the US and the UK. “With Pooled Staking, MetaMask users have a simple way to participate […]

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ForkLog 8 10.06.2024

Investors Inject $2 Billion into Bitcoin Products

From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by CoinShares. In both cases, the weekly figures matched the totals for the entire previous month. Data: CoinShares. Analysts attributed the accelerated pace to expectations of a monetary policy easing […]

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ForkLog 20 10.06.2024

Wintermute CEO Criticizes Buterin for Attempting to “Build Socialism”

The hypothetical collapse of Ethereum will not occur due to Solana’s higher TPS, but rather because of the duality in its leaders’ positions, according to Wintermute CEO Evgeny Gaevoy. If ETH fails in the future it wont be because “Solana is faster”, it will be because the eth “elite” is still stuck in a massive […]

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ForkLog 3 06.06.2024

Gary Gensler: Ethereum ETF Applications Will Require Time for Review

The review of applications for spot ETFs based on Ethereum will take “some time,” according to Gary Gensler, the head of the SEC. ?NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8 — Eleanor Terrett (@EleanorTerrett) […]

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ForkLog 13 06.06.2024

MEV Bot Emerges as Ethereum’s Top Gas Consumer

In the past 24 hours, the operator of the MEV bot jaredfromsubway.eth has expended over 215 ETH (~$830,200) on Ethereum gas fees. Source: Etherscan. This amount represents nearly 1.6% of the total, making it the largest fee payer on the network. Since February 2023, the bot has spent a total of 77,115 ETH or $176.7 […]

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ForkLog 5 06.06.2024

VanEck Raises Ethereum Forecast to $22,000

Influenced by news of exchange-traded funds and scaling developments, VanEck analysts have revised their Ethereum forecast for 2030, now anticipating prices of $22,000. We’ve raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we’ve analyzed how ETH and BTC perform in both […]

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ForkLog 10 05.06.2024

K33 Research Predicts Up to $4.8 Billion Inflows into ETH ETFs Within Five Months

In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect […]

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ForkLog 8 04.06.2024

Ethereum Surpasses Bitcoin in Options Market Volatility

The market remains bullish, anticipating a surge in demand in the United States following the final approval of spot Ethereum ETFs, according to analysts at QCP Capital. 3/ This bullishness is likely to continue as the market waits for the ETH spot ETF to usher in new demand. The options market certainly reflects this with […]

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