Ethereum Foundation sells 1,150 $ETH in September for $DAI, causing investor concerns amid market volatility. Despite this, $ETH price rose 2% to $2,635. Futures open interest and derivatives volume also increased.
Ethereum developers will roll out the ‘Pectra’ upgrade in two phases to minimize risks. Phase 1, launching early 2025, includes eight EIPs. Phase 2 will focus on EVM improvements and introduce PeerDAS for better data availability.
Ethereum whale moves 10,000 $ETH to Kraken after two years of inactivity. The wallet, originally holding 50,000 $ETH, still retains about 9,298 $ETH worth $22.66M. Ethereum price up 5% this week.
WisdomTree launches Ethereum-based platform for tokenized real-world assets. WisdomTree Connect supports US dollar and USDC transactions, yield-generating products, and plans for dApp interactions, enhancing liquidity and digital asset accessibility.
Vitalik Buterin discusses AI risks and crypto synergy. Highlights include decentralized AI models for security, potential applications in medicine and education, and using cryptocurrency to fund open-source AI, fostering a decentralized and ethical tech landscape.
U.S. Bitcoin ETFs saw $186.76M inflows on Sept 17, 2024, while Ethereum ETFs faced $15.11M outflows. ETFs like $HODL and $BTCO gained investor confidence. Hong Kong’s Bitcoin ETFs saw a 39 BTC outflow; Ethereum ETFs remained stable.
Vitalik Buterin discusses advancements in Layer 2 networks, wallet security, and decentralized technologies at TOKEN2049. Described blockchain as “digital concrete” and envisions seamless crypto integration in daily life with better security and lower costs.
DBS Bank $DBS introduces Bitcoin & Ethereum options trading, enhancing its crypto service portfolio. Singapore’s regulatory environment supports rapid crypto innovation, aligning with growing interest in the CSAO region. This move could attract sophisticated investors and boost market liquidity.
Bitcoin ETFs saw a $12.9M inflow on Sep 16, 2024, while Ethereum ETFs faced a $9.51M outflow. Grayscale’s $GBTC experienced a $20.75M outflow. Hong Kong’s Bitcoin and Ethereum markets remained stable with no capital movements.
Crypto investors lost $80B as market cap fell from $2.1T to $2.03T. $BTC and $ETH dropped amid Fed rate cut speculation. Altcoins like $SOL, $XRP, $ADA, and $DOGE mirrored the decline. Federal Reserve decisions will be critical.
Vitalik Buterin suggests a Harberger tax for $ETH Layer 2 blockchains to optimize fee mechanisms, while proposing a neutral aggregation layer as an alternative. This could reshape L2 fee structures and impact future blockchain policies.
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.
