Ethereum | ForkLog

ForkLog 23 14.02.2024

Allegations of SEC’s Covert Ties with Ethereum and China Emerge

The U.S. Securities and Exchange Commission (SEC), under the leadership of Gary Gensler, is allegedly secretly supporting Ethereum and is heavily influenced by the Chinese Communist Party, according to Web3 lawyer Steven Nerayoff. With growing speculation around an Ethereum ETF, it’s evident that the SEC, led by Gary Gensler, is more involved in ETH than […]

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ForkLog 19 13.02.2024

Developers Unveil DN-404 as an Alternative to ERC-404 Standard

A group of developers has released an alternative implementation of the experimental ERC-404 token standard, named DN-404. Introducing DN404: a solution to the critical issues arising from the newly popular “ERC404” tokens. Huge shoutout to the all-star team who has worked around the clock for days to make this a reality:@0xQuit@0xCygaar@optimizoor@0xjustadev@PopPunkOnChain@AmadiMichaels And… — quit (?,?) […]

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ForkLog 14 13.02.2024

Franklin Templeton Seeks Approval for Spot Ethereum ETF

Asset management firm Franklin Templeton has filed an application to register a spot Ethereum ETF. Coinbase Custody Trust Company will serve as the custodian for the second-largest cryptocurrency by market capitalization, while Bank of New York Mellon will handle the cash assets. If approved, the product will be listed on the Cboe BZX Exchange. The […]

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ForkLog 19 12.02.2024

Ethereum Staking Demand Hits Four-Month High

The queue of Ethereum validators has risen to 7045, the highest level since October 6, according to the service ValidatorQueue. Source: ValidatorQueue. The figure reached a record 75,000 immediately after the activation of Shanghai in April 2023. The upgrade enabled the release of accumulated rewards and allowed changing service providers. In October, this parameter dropped […]

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ForkLog 37 12.02.2024

Ethereum Gas Fees Surge Amid ERC-404 Frenzy

On February 9, Ethereum’s gas fees soared to an eight-month high, driven by interest in the experimental ERC-404 token standard. Ethereum gas prices. Source: Etherscan. That day, the average gas price reached 70 Gwei (~$60 for a standard transaction), with a peak of 377 Gwei. The last time such levels were recorded was on May […]

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ForkLog 24 09.02.2024

Security Concerns Arise Over ERC-404 Tokens

ERC-404 tokens are gaining popularity, yet crypto developers have pointed out security risks associated with this experimental standard, which has not yet undergone an audit. How ERC-404 Works The standard is a hybrid implementation of ERC-20/ERC-721, where purchasing a coin also automatically generates an NFT in the wallet. It allows ownership of a fractional part […]

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ForkLog 40 09.02.2024

Frax Finance Launches Fraxtal L2 Blockchain

The DeFi project Frax Finance has activated its own Ethereum-based Layer 2 network. Initially, Fraxtal is available to a limited number of “launch partners.” It’s time for the Fraxtal launch thread! The most important & consequential release since the dawn of Frax itself in 2020. Fraxtal testnet & mainnet are here for select launch partners! […]

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ForkLog 27 08.02.2024

Ethereum Developers Set Date for Dencun Upgrade on Mainnet

Ethereum developers have confirmed the deployment date for the Dencun (Deneb-Cancun) upgrade on the mainnet as March 13.

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ForkLog 12 08.02.2024

Ethereum Staking Reaches 25% of Supply

The total value of locked ETH has reached $72 billion. Demand for staking surged significantly after the Shapella upgrade, which enabled validators to withdraw funds. Despite high market participant activity, Ethereum lags behind many other ecosystems in terms of the proportion of locked coins. Approximately a quarter of the supply of the second-largest cryptocurrency by […]

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ForkLog 8 08.02.2024

ARK Invest Proposes Boosting Ethereum ETF Returns Through Staking

ARK Invest and 21Shares have proposed that the SEC approve the use of staking in a spot Ethereum ETF. The options market indicates increased expectations for product approval in May and growing uncertainty due to the Fed’s policies. On February 7, ARK Invest and 21Shares submitted an updated application for the launch of a spot […]

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ForkLog 18 07.02.2024

Ethereum Developers Implement Dencun Hard Fork on Holesky Testnet

The Ethereum team has successfully implemented the Dencun (Deneb-Cancun) upgrade on the Holesky test network. Holesky successfully upgraded to Deneb!The first few blocks are in. So far, so good!? — terence.eth (@terencechain) February 7, 2024 “Holesky upgraded to Deneb without issues. The first few blocks are ready. So far, so good!” wrote lead developer Terence […]

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ForkLog 9 07.02.2024

Crypto Investors See Average Profit of $888 in 2023

The average realised profit for digital asset holders in 2023 was $887.6, compared to a loss of $7102 in the previous 12 months, according to estimates by CoinLedger, reports Cointelegraph. The cryptocurrency tax calculation platform analysed data from 500,000 clients, 80% of whom are residents of the United States, with the remainder from Australia, Canada, […]

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