Ethereum | ForkLog

ForkLog 32 14.03.2024

Dencun Update Significantly Reduces Fees in Layer 2 Networks

Following the activation of the Dencun hard fork on the Ethereum mainnet, gas fees in Layer 2 networks implementing EIP-4844 have decreased significantly. Average fees in L2 solutions. Data: Dune. The key component of the update is the Proto-Danksharding function, designed to scale the blockchain by creating a new type of transaction for large binary […]

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ForkLog 8 13.03.2024

Bitcoin’s Ascent to $100,000 and SEC’s Reluctance on Ethereum ETF

Bitcoin is expected to rise to $100,000 in the second half of the year, while the outlook for a spot Ethereum ETF appears less optimistic. These expectations were shared with journalist Colin Wu by macroeconomist Luxon, who spoke under a pseudonym. Read more. The expert derived this target by assuming that the American asset management […]

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ForkLog 22 13.03.2024

Ethereum Developers Activate Dencun Hard Fork on Mainnet

On March 13, the Ethereum team successfully implemented the Dencun (Deneb-Cancun) upgrade on the mainnet. Dencun went live, we’ve had blobs land in blocks on mainnet .oO ? — timbeiko.eth ☀️ (@TimBeiko) March 13, 2024 A key component of the upgrade is EIP-4844. It includes the Proto-Danksharding option, aimed at scaling the network by creating […]

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ForkLog 5 12.03.2024

Analysts Observe ETF News Impact on Ethereum Options

Expectations for the continuation of Ethereum’s upward trend have become less optimistic over a one to two-month horizon, according to options market observations by QCP Capital. QCP: Two major macro events coming up (CPI tonight, FOMC next week). The vol-market continues to express the bullishness in BTC as vols remain very elevated for the calls […]

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ForkLog 9 12.03.2024

Bloomberg Analysts Lower Odds of Spot Ethereum ETF Approval to 35%

Bloomberg experts have reduced the chances of spot ETH-ETF approval in May to 35%. The decline in optimism is due to the SEC’s low engagement in discussions with issuers. The PoS mechanism, price manipulation risks, and the potential classification of the asset as a security pose additional challenges for a positive verdict. Bloomberg analyst Eric […]

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ForkLog 10 12.03.2024

Gnosis Chain Activates BLOB Transactions Ahead of Dencun Launch

In anticipation of the Dencun upgrade on the Ethereum network, Gnosis Chain developers have activated BLOB transactions to scale the sidechain. Dencun is activated ? Now you can use blobs to scale Gnosis or post funny pictures using https://t.co/w5dKzqB2UZ Great work everyone! https://t.co/poEJQ8FXv0 — Stefan George ?? (@StefanDGeorge) March 11, 2024 “Dencun is activated. Now […]

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ForkLog 47 11.03.2024

Vitalik Buterin Proposes Quantum-Resistant Strategy for Ethereum

Ethereum currently possesses robust capabilities to protect user funds from quantum computers through a simple “recovery fork,” according to Vitalik Buterin, the project’s co-founder. “The blockchain would require a hard fork, and users would need new wallet software, but few would lose their funds,” he stated. In a publication on Ethereum Research, Buterin noted that […]

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ForkLog 10 11.03.2024

Meme Tokens Drive Ethereum Fees to Two-Year High

The surge in network activity driven by the meme coin frenzy benefits Ethereum investors through rapid deflation, yet complicates blockchain usage, according to a study by IntoTheBlock. In this week’s newsletter, we explore the rise in meme token speculation and how the upcoming Dencun upgrade will impact Ethereum fees.?https://t.co/xVh8pz1Pxh — IntoTheBlock (@intotheblock) March 9, 2024 […]

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ForkLog 12 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 15 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 8 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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