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.
Solana’s Anatoly Yakovenko critiques $ZKSync’s decentralization, calling it akin to a multisig system. Despite $ZKSync’s governance model with a Token Assembly, Security Council, and Guardians, Yakovenko warns it could still be subject to legal control.
Bitcoin ETFs in the US attracted $39.02M on Sep 12, 2024, led by ARKB with an $18.34M inflow. Ethereum ETFs saw a $20.14M outflow, with Grayscale GBTC losing $6.51M, reflecting shifting investor strategies.
Vitalik Buterin sets stricter criteria for recognizing L2 projects, requiring robust fraud-proof mechanisms and independent blockers starting next year, signaling a shift towards decentralization and enhanced security in the blockchain ecosystem.
eToro settles with @SECGov, paying $1.5M for unregistered trading services. U.S. users limited to trading $BTC, $ETH, and $BCH. Investors have 180 days to sell other crypto assets. This sets a compliance precedent for crypto firms.
Vitalik Buterin will only endorse Layer-2 $ETH projects meeting high decentralization standards starting next year. Projects must achieve 75% council consensus to override the proof system, with 26% independent members, ensuring network security and user trust.
Bitcoin ETFs saw $116.96M inflow on Sept 10, 2024, with Ethereum ETFs at $11.44M. This marks Bitcoin ETFs’ second consecutive positive day and Ethereum’s first inflow since Aug 29, 2024. Grayscale’s Bitcoin Mini Trust contributed $41.13M.
Ethereum’s Pectra hard fork introduces EIP-7702 for gasless payments, EIP-7251 for flexible validator deposits (32-2048 ETH), and EIP-2935 for improved node performance. Enhancements aim to boost performance, security, and user experience. $ETH @Ethereum
Metalpha liquidates 37.5% of its $ETH holdings, totaling 33,589 ETH ($77.55M) in four days but still retains 51,300 ETH ($120M). Despite this, $ETH price remains resilient, up 1.92% at $2,345, with potential to rally to $3,500.
Binance promotes $EURI with zero fees via SEPA transfers until Oct 5, sparking a 412% surge in trading volume. This move may drive rallies in $BTC, $ETH, $XRP, and other altcoins, highlighting Binance’s market influence.
VanEck will close its $EFUT Ethereum Futures ETF by Sept 16, 2024, shifting focus to a spot Ethereum ETP. Investors will receive cash distributions on Sept 23. The move highlights changing investor preferences towards direct cryptocurrency investments.
VanEck’s Matthew Sigel defends $ETH amid criticisms, citing its economic model and utility. Despite bearish sentiment and macro challenges, analysts remain optimistic about Ethereum’s long-term growth potential.
Recent US job data and recession fears, along with stock market declines, have sparked a massive sell-off in the crypto market. Analysts suggest $BTC may benefit long-term as a hedge against economic turmoil, similar to gold.
VanEck will liquidate its Ethereum futures ETF, $EFUT, by Sept. 16, 2024, due to performance and low investor interest. Focus shifts to the newly SEC-approved spot Ethereum ETP, $ETHV. This highlights a trend towards spot ETFs over futures.
Vitalik Buterin to donate proceeds from his Layer 2 and other token projects, including $OP, $STRK, and $BLAST, to Ethereum ecosystem initiatives and broader charities. Buterin hasn’t kept any sales proceeds since 2018, fostering community trust.
