Stay up to date with Ethereum News, dedicated to covering the second-largest cryptocurrency’s technological developments, Ethereum-based projects, and market changes. Discover the latest on DeFi expansions, Layer-2 solutions, and smart contract innovations shaping the future of Ethereum’s ever-evolving ecosystem.
Vitalik Buterin announces no single execution client exceeds a 66.6% market share on the $ETH network, reducing supermajority risk. Upcoming Pectra and Fulu-Osaka upgrades aim to enhance performance and security, bolstering Ethereum’s robustness. @VitalikButerin
Major RIA invests millions in Bitwise Bitcoin ($BITB) and Ethereum ($ETHW) ETFs amid record inflows. Bitcoin ETFs saw $252M on August 23, totaling $506.4M for the week, while Ethereum ETFs faced $44.5M net outflows, with Bitwise’s ETHW gaining $1.4M.
Ethereum Foundation’s $94.07M ETH Transfer to Kraken: What’s Next? The @Ethereum Foundation has moved 35,000 $ETH ($94.07M) to @krakenfx, the largest transfer in 2024, continuing its trend of strategic sales during market peaks. This highlights potential market volatility and strategic financial positioning.
Spot $BTC ETFs surged by $64.91M on Aug 22, 2024, while $ETH ETFs saw $874,610 in outflows for the sixth consecutive day. Grayscale and Bitwise reported significant $ETH outflows, marking Bitcoin’s market dominance at a 40-month high.
Fed Chair Jerome Powell hints at rate cuts due to slowing inflation and labor market weakness. $BTC surged to $62,320 before stabilizing at $61,700. $ETH briefly hit $2,700, settling at $2,666, reflecting a 2% increase in 24 hours.
Ethereum’s ($ETH) price climbs to $2,670, driven by stability above $2,550, @VitalikButerin’s bullish posts, key tech upgrades, and an impending 140K ETH options expiry. These factors suggest a promising upward trend for the cryptocurrency.
Ripple mints 385 RLUSD stablecoins, pegged 1:1 to USD, on $ETH and $XRP Ledger. The stablecoin is fully backed by USD deposits with monthly audits. Testing is ongoing; regulatory approval pending. Ripple cautions against potential scams.
Sony Block Solutions Labs and Startale launch Ethereum Layer-2 network Soneium to integrate blockchain with mainstream internet services like entertainment, gaming, and finance. Launch partners include Chainlink and Astar network, with a testnet coming soon.
Sony Group and Startale unveil Soneium, an Ethereum Layer 2 blockchain on Optimism. With backing from Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph, Soneium aims to attract developers in entertainment, gaming, and finance sectors. Cryptos like $ASTR, $OP, $GRT, and $LINK surge post-announcement.
Polygon processes 579.97B gas units daily at just $65.48K, outpacing BNB Mainnet and Ethereum in cost-efficiency. As DeFi grows, Polygon’s scalable solution attracts users seeking low-cost transactions.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
Spot $ETH ETFs see $2B inflows in four weeks, per @ETFStore. Global ETF flows hit $911B YTD, with $17B from US-traded spot crypto ETFs. Ethereum underperforms, down 40% in a month amid major sell-offs.
? Tron’s ($TRX) daily revenue hits $3.84M, surpassing Ethereum ($ETH) and Solana ($SOL), driven by the SunPump craze. Over 20,883 memecoins launched, with early investors seeing substantial profits, one gaining $20M from SUNDOG tokens. #crypto
Bitcoin ETFs surged with an $88M inflow on Aug 20, while $ETH ETFs saw a $6.49M outflow. Grayscale Ethereum Trust ETF faced a major $37M outflow. Some $ETH ETFs like $ETHA and $ETHW still attracted capital. #CryptoMarkets
