Ethereum | ForkLog

ForkLog 10 11.03.2024

Grayscale and Coinbase Discuss ETH-ETF Conversion with SEC

Coinbase presented arguments for converting Grayscale’s Ethereum Trust into a spot ETF. SEC representatives showed little enthusiasm during the discussion. Bloomberg and FOX Business see this as reducing the likelihood of product approval in May. Representatives from Grayscale and Coinbase discussed with the SEC the rule changes necessary to launch an ETF based on the […]

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ForkLog 8 08.03.2024

Bitcoin Nears $70,000 as Ethereum Approaches $4,000

On Friday, March 8, the price of the leading cryptocurrency nearly reached $70,000, with Bitcoin hitting $69,991 on the Binance exchange. At the time of writing, the price had adjusted to around $68,000. Over the past 24 hours, digital gold has risen by 1.2%, according to CoinGecko. 15-minute chart of BTC/USDT on Binance. Data: TradingView. […]

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ForkLog 13 05.03.2024

Ethereum Staking Value Surpasses $117 Billion

Ethereum validators have locked over 31.5 million ETH in staking, according to The Block. The market value of this cryptocurrency volume exceeds $117 billion. Data: The Block. The total supply of ETH is approximately 120 million coins with a capitalization of ~$450 billion. Thus, around 26% of the asset’s issuance is engaged in securing the […]

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ForkLog 7 05.03.2024

SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) extended the review period for BlackRock’s application to launch a spot Ethereum ETF. The regulator made a similar decision regarding a comparable proposal from Fidelity. The Commission will continue to collect public comments. Both investment giants submitted applications to register exchange-traded funds based on the spot price of […]

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ForkLog 83 04.03.2024

Delta‑neutral synthetic dollars: why the USDe stablecoin matters

Disclaimer This article is for information only and does not constitute investment advice. In March 2023 published his essay Dust on Crust, in which BitMEX co-founder Arthur Hayes criticised fiat-backed stablecoins. In their place he proposed the Naka Dollar (Satoshi Nakamoto Dollar), a decentralised “stable coin” governed by algorithms. Hayes envisaged a token pegged to […]

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ForkLog 7 04.03.2024

Crypto Funds Record Second Largest Inflow of the Year

Inflows into cryptocurrency investment products from February 24 to March 1 amounted to $1.83 billion, following $598 million in the previous reporting period, according to a report by CoinShares. The positive trend continued for the fifth consecutive week. From February 10 to 16, inflows reached a record $2.45 billion. Assets under management (AUM) rose to […]

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ForkLog 15 29.02.2024

Polygon Developers Anticipate Fee Reductions with Ethereum’s Dencun Update

The upcoming Dencun update to the Ethereum mainnet is expected to alleviate the high cost of data availability for rollup networks. This view was expressed by Jordi Baylina, the technical lead of Polygon zkEVM, as reported by The Block. The hard fork activation on the mainnet is expected on March 13. A key component of […]

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ForkLog 12 28.02.2024

Bitcoin Surpasses $64,000 as Ethereum Soars Above $3,500

On Wednesday, February 28, the price of the leading cryptocurrency surpassed the $58,000 mark. At the time of writing, Bitcoin is trading at $58,500, having gained 4.1% over the past 24 hours. Hourly BTC/USDT chart on Binance. Data: TradingView. February 29, 2024 | 10:43Update: On the evening of February 28, Bitcoin tested $64,000 but failed […]

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ForkLog 6 27.02.2024

Experts Highlight Risks of Institutional Shift from Ethereum to Bitcoin

The ETH/BTC exchange rate has reached a historic turning point, potentially increasing the risk of a correction in the coming days. Analysts at Cointelegraph have examined four reasons that could lead to such a scenario. Their assessments are based on the ambiguous technical picture of ETH/BTC. Experts noted the RSI entering the overbought zone and […]

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ForkLog 15 27.02.2024

Grayscale: Ethereum to Mature with Dencun Launch

Despite increasing competition among blockchains, the launch of the Dencun upgrade will aid Ethereum in “maturing” by reducing transaction fees and enhancing network scalability, according to a report by Grayscale Research. Analysts believe the protocol is poised to benefit from the update, which, along with other factors, makes it more modular. In 2023, the blockchain […]

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ForkLog 22 27.02.2024

Bybit Identifies Ethereum as Leading Institutional Crypto Asset

The share of Bitcoin and Ethereum in institutional portfolios increased from 50% to 80%. Open interest in options for the second-largest cryptocurrency by market capitalization reached a new all-time high. The growth is linked to increased volatility, expectations for the Dencun upgrade, and prospects for ETF approval. Ethereum has taken the largest share among cryptocurrencies […]

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ForkLog 10 27.02.2024

Ethereum Wallet Springs to Life After 8.5 Years of Dormancy

On February 27, a wallet containing 238 ETH ($776,000 at the time of writing) became active after 8.5 years of inactivity. ? A dormant pre-mine address containing 238 #ETH (771,893 USD) has just been activated after 8.6 years!https://t.co/Py2J5EO1T8 — Whale Alert (@whale_alert) February 27, 2024 The user transferred 1 ETH to a new address, incurring […]

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