Ethereum | ForkLog

ForkLog 7 24.01.2024

CoinShares Analysts Predict Bitcoin Surge to $58,700

Approval of a spot Bitcoin ETF and the anticipated easing of the Fed’s monetary policy in the first half of 2024 will drive the price of digital gold to approximately $58,700, according to CoinShares analysts in their annual report. The experts presented a matrix showing the correlation between inflows as a percentage of AUM for […]

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ForkLog 17 24.01.2024

Shift in Interest Towards Altcoins Following ETF Approval

The approval of spot Bitcoin ETFs has become a classic “sell the news” event, leading to a capital rotation into Ethereum, Solana, and altcoins in general. This trend was analyzed by Glassnode. Analysts noted that after the collapse of FTX, Bitcoin’s dominance increased from 38.9% to 49.8% at the expense of stablecoins (whose share fell […]

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ForkLog 20 24.01.2024

Hester Peirce Advocates for Spot Ethereum-ETF Approval Without Court Ruling

Hester Peirce believes a court ruling is unnecessary for the approval of spot Ethereum-ETFs. The chances of product approval in May are estimated at 50-70%. SEC sources suggest that Chairman Gary Gensler may eventually relent and not obstruct the instrument’s registration. Spot Ethereum-ETFs do not require a court ruling for approval, according to SEC Commissioner […]

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ForkLog 11 23.01.2024

Dencun Hard Fork Set to Influence Ethereum Emission Dynamics

The upcoming Dencun (Cancun-Deneb) upgrade may impact the emission dynamics of the second-largest cryptocurrency by market capitalization, suggested CoinShares researcher Luke Nolan, as reported by The Block. The upgrade introduces several changes to the system, including EIP-4844. It incorporates the Proto-Danksharding option, aimed at scaling the network by creating a new type of transaction for […]

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ForkLog 19 22.01.2024

Nethermind Resolves Critical Bug in Ethereum Client

The development firm Nethermind has resolved a critical bug in the Ethereum execution client that caused failures during block processing by validators. According to the company’s co-technical director, Daniel Cadel, the consensus bug affected software versions from 1.23 to 1.25. All node operators are advised to upgrade to release 1.25.2. We have the fix! Please […]

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ForkLog 29 18.01.2024

MetaMask Explores New Ethereum Interaction Model

The team behind the non-custodial wallet MetaMask is testing a “transaction routing” technology that could revolutionize value transfer on the Ethereum network, reports CoinDesk. The publication learned about the new solution from the app’s developers. Without disclosing further details, the information was confirmed by the parent company ConsenSys. The technology relies on the concept of […]

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ForkLog 17 18.01.2024

Ethereum Set to Outpace Bitcoin in Price Growth, Analysts Say

In the medium term, Ethereum is expected to surpass Bitcoin in price growth as market participants anticipate the approval of a spot ETF for the second-largest cryptocurrency by market capitalization in the United States. This is according to a report by QCP Capital.

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ForkLog 13 17.01.2024

Morgan Creek CEO Skeptical of Imminent Approval for Spot Ethereum ETFs

SEC is unlikely to approve spot Ethereum ETFs in the near future, despite optimism following the approval of similar Bitcoin products in the U.S. This was stated by Morgan Creek Capital CEO Mark Yusko in an interview with Cointelegraph. Previously, Bloomberg exchange analyst Eric Balchunas suggested a 70% likelihood of approval for several Ethereum fund […]

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ForkLog 17 17.01.2024

Ethereum Developers Activate Dencun Hard Fork on Goerli Testnet

The core Ethereum team deployed the Dencun (Cancun-Deneb) update on the Goerli test network. However, the hard fork was not completed as planned. Goerli forked ? @parithosh_j currently monitoring things live: https://t.co/MGaF9S3Qth — timbeiko.eth ☀️ (@TimBeiko) January 17, 2024 The upgrade implemented EIP-4844. It includes the Proto-Danksharding option, designed to scale the network by creating […]

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ForkLog 16 16.01.2024

Ethereum Transaction Volume Reaches November 2021 Levels

Over the past week, the daily transaction volume on the network of the second-largest cryptocurrency by market capitalization increased from 1.1 million to 1.3 million, reaching levels last seen in November 2021 when the asset was trading near its all-time high above $4600.

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ForkLog 10 16.01.2024

Bitcoin Correction Attributed to ETF Approval Sell-off, Say Analysts

Cumulative Volume Delta (CVD) of digital gold on leading platforms turned negative following news of spot Bitcoin ETF approval, according to Kaiko. Analysts pointed to a “sell the news” scenario. They noted that an hour before the US market opened, net purchases on Binance reached nearly 3000 BTC, but the buyers’ advantage was short-lived. Positive […]

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ForkLog 10 16.01.2024

Aave Community Considers Expanding Protocol to Neon EVM

Participants in the governance forum of the lending platform Aave have initiated a “temperature check” on a proposal to expand the third version to Neon EVM. At this stage, Aave community members can share their opinions and feedback on the proposed integration. If there is sufficient support, the proposal will move to a voting stage […]

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