Ethereum | ForkLog

ForkLog 20 13.05.2024

How to earn Swell ‘pearls’: an airdrop guide

Disclaimer This material is for information only. ForkLog bears no responsibility for readers’ investment decisions and does not guarantee receiving a drop after completing the actions described. Hype around liquid staking and restaking shows no sign of fading. The TVL of EigenLayer has already surpassed $15bn. The project ranks second on DeFi Llama, behind only […]

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ForkLog 12 12.05.2024

ARK Invest and 21Shares Remove Staking from Ethereum ETF Application

ARK Invest and 21Shares have removed the staking provision from their spot Ethereum-ETF application. Franklin Templeton’s CEO predicted a shift of all exchange-traded funds to blockchain. On May 10, ARK Invest and 21Shares submitted an updated application for a spot Ethereum-ETF, which no longer includes a staking provision. In documents dated February 7, the companies […]

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ForkLog 10 11.05.2024

Ethereum Gas Fees Plummet to Four-Year Low

On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei, a level last seen in January 2020. Average gas fee in Ethereum. Source: Etherscan. At these rates, swapping coins costs an average of $6.2, selling an NFT around $10.5, borrowing $5.7, and cross-chain transfers $2. The reduction in network fees began following […]

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ForkLog 6 10.05.2024

Joseph Lubin Criticises SEC’s Approach to Ethereum

Ethereum co-founder Joseph Lubin believes that the U.S. Securities and Exchange Commission (SEC) is deliberately hindering innovation, posing a threat to the future of the country’s financial system. This was reported by Cointelegraph. Speaking at the FT Live’s Crypto and Digital Asset Summit, Lubin explained ConsenSys’s decision to sue the agency after receiving a Wells […]

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ForkLog 14 09.05.2024

Vitalik Buterin Explores ‘Multidimensional’ Gas Pricing for Ethereum

To address the limitations of the current fee system, Ethereum co-founder Vitalik Buterin proposed a ‘multidimensional’ gas pricing structure. He noted that the network currently employs a peer-to-peer model where all computational processes, including storage, data transfer, and encryption operations, are evaluated using a single metric—gas. Vitalik pointed out a significant drawback: this approach treats […]

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ForkLog 15 09.05.2024

Grayscale Withdraws Application for Ethereum Futures ETF

Grayscale Investments has withdrawn its application to create a futures-based Ethereum ETF. According to CEO Michael Sonnenshein, the company will focus its efforts on converting the ETHE into a spot exchange-traded fund. Grayscale Investments will focus on converting its Ethereum trust — the world’s largest — to spot exchange-traded products, CEO Michael Sonnenshein said on […]

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ForkLog 8 09.05.2024

Ethereum Faces Inflationary Pressure Post-Dencun Update

The Dencun update has rendered Ethereum (ETH) inflationary once more, potentially challenging its narrative as “ultra-sound” money, according to analysts at CryptoQuant. Following the hard fork, the average transaction fees on the network have decreased by approximately fourfold, despite maintaining the same level of activity as before the update. Consequently, the burn rate has plummeted […]

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ForkLog 8 08.05.2024

10x Research Highlights Token Unlock Concerns and Ethereum’s Weakness

Large token unlocks could negatively impact the altcoin market, according to 10x Research. Analysts noted Ethereum’s inability to surpass the leading cryptocurrency. The current bullish cycle in the cryptocurrency market may be shorter than previous ones and is unlikely to end with a major altcoin rally, according to analysts at 10x Research. Beware of Token […]

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ForkLog 9 08.05.2024

Experts Assess Impact of EIP-3074 on Ethereum Wallets

EIP-3074 aims to enhance wallet capabilities. Some view it as a significant milestone for Ethereum’s development, while others see security risks. Vitalik Buterin proposed an alternative approach to the solution. In preparation for the Pectra hard fork, Ethereum developers and the community discussed EIP-3074, designed to add new features to crypto wallets. The proposal is […]

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ForkLog 13 08.05.2024

Glassnode Analyzes Bitcoin and Ethereum Divergence Post-Halving

The relatively poorer performance of Ethereum compared to Bitcoin following the halving is attributed to capital rotation, according to a new review by Glassnode. After the fourth historical reduction of miner rewards by half, the price of digital gold experienced an 11% correction, the deepest since the FTX collapse, dropping to a two-month low of […]

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ForkLog 9 07.05.2024

SEC Delays Decision on Invesco and Galaxy’s Spot Ethereum ETF

The SEC has postponed its decision on the ETH-ETF from Invesco and Galaxy to July 5. Inflows into U.S. Bitcoin spot ETFs continued for the second consecutive day. Hong Kong’s BTC-ETF recorded its first net outflow. The U.S. Securities and Exchange Commission (SEC) has extended the review period for the proposed spot Ethereum ETF by […]

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ForkLog 11 06.05.2024

Mainland China May Soon Access Bitcoin ETFs in Hong Kong

Bitcoin ETFs registered in Hong Kong may soon become accessible to investors from mainland China, according to Richard Byworth, managing partner at SyzCapital. I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous (basically means mainland money can buy […]

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