Ethereum | ForkLog

ForkLog 92 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 8 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 21 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 15 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 7 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 18 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 25 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 13 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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ForkLog 11 25.02.2024

Lawyer Predicts Timeline for Approval of Spot Ethereum ETF

If the U.S. Securities and Exchange Commission (SEC) does not approve a spot Ethereum ETF by May 2024, it is likely to do so by mid-2025, according to lawyer Scott Johnsson. SEC simultaneously issued initial comment letters on issuers’ BTC spot ETF reg statements on 9/29/2023. We saw amended S-1s show up about 2 weeks […]

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ForkLog 14 23.02.2024

Reddit’s Modest Investments in Bitcoin and Ethereum

The social network Reddit holds an “insignificant” amount of Bitcoin and Ethereum on its balance sheet, invested from surplus reserves. This is stated in the annual report to the SEC. The organization indicated that it may continue this practice. The investments did not exceed the threshold for disclosure in the document. The company also used […]

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ForkLog 10 22.02.2024

Vitalik Buterin Advocates for Simplifying Layer 2 Solutions

Ethereum co-founder Vitalik Buterin has voiced concerns about the “complexity” of Layer 2 solutions. Honestly I’m about 3x less confident in the “simplify L1 even at the expense of more complicated L2s” concept than I was five years ago. The challenge is that when you can trade off between L1 bug risk and L2 bug […]

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ForkLog 11 22.02.2024

Experts Warn of Risks in Spot Ethereum ETFs

Potential exchange-traded funds based on the second-largest cryptocurrency, which will lock assets in staking, pose risks to the Ethereum ecosystem, according to a report by S&P Global Ratings. Experts suggest that spot ETH-ETFs could become “large enough to alter the concentration of validators in the network for better or worse.” Analysts believe that potential issuers […]

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