Ethereum | ForkLog

ForkLog 18 06.09.2024

Ethereum Foundation’s Financial Cushion Evaluated by Expert

The Ethereum Foundation (EF) possesses sufficient funds to operate for approximately 10 years, based on the current ETH exchange rate. This assessment was provided by Ethereum researcher Justin Drake. During an AMA session on Reddit, the expert revealed that the Swiss-registered non-profit organization will soon release a financial report. Source: Reddit. The EF’s main wallet […]

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ForkLog 15 06.09.2024

Ethereum Market Depth Declines 20% Following Spot ETF Launch

Since the launch of spot Ethereum ETFs in the US, the average 5% market depth for ETH pairs on domestic centralized exchanges has decreased by 20%, to approximately $14 million, according to CoinDesk, citing CCData. In other words, it has become easier to move the spot price by 5% in either direction, indicating reduced liquidity […]

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ForkLog 23 06.09.2024

Static on the ether: why Ethereum is falling

Since ETH ETFs began trading on July 23, 2024, the second-largest cryptocurrency has slumped by more than 31%. While bitcoin retains its reputation as digital gold suited to HODLing, Ethereum is used more for paying transaction fees and interacting with smart contracts and DeFi applications. “Buterin’s coin” also generates income via staking and other passive […]

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ForkLog 6 06.09.2024

Ethereum’s Return to All-Time Highs Unlikely This Year, Says Expert

A return to Ethereum’s peak of $4878 by year-end is “possible, but highly unlikely,” according to Derive founder Nick Forster, as reported by Cointelegraph. The expert asserts that ETFs based on the asset are losing out to tech stocks that offer “higher returns.” Additionally, the second-largest cryptocurrency lacks a “strong narrative capable of driving its […]

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ForkLog 10 05.09.2024

Ethereum Lags Behind Bitcoin by 44% Since Transition to PoS, Says CryptoQuant

The price of Ethereum has significantly “lagged” behind that of digital gold since the activation of The Merge and the full transition to the Proof-of-Stake (PoS) consensus algorithm. This is reported by The Block, citing analysts from CryptoQuant.

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ForkLog 17 03.09.2024

Ethereum Rival Ethervista Consumes 150 ETH in Gas Fees Within a Day

Ethervista, a platform touted as an Ethereum counterpart to Pump.fun, consumed approximately 150 ETH (~$377,000) in gas fees within a day of its launch. This was highlighted by journalist Colin Wu. In the past 24h, Ethereum’s Pumpfun-like platform Ethervista consumed about 150 ETH in gas fees. The first token VISTA once rose more than 15x. […]

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ForkLog 14 02.09.2024

QCP Capital Predicts Continued Market Correction in September

Analysts at QCP Capital have highlighted Ethereum’s significant underperformance compared to Bitcoin in August and warned that the market downturn may persist into September. This was reported by The Block. “Bitcoin ended August with an 8.6% decline. We began the month with the ‘Bank of Japan crash,’ and digital gold failed to rise above $65,000. […]

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ForkLog 28 02.09.2024

Vitalik Buterin Proposes Enhancements for EVM Efficiency

Specialisation and parallelisation of computations enhance efficiency and security, according to Ethereum co-founder Vitalik Buterin in a recent essay. Glue and coprocessor architectures:https://t.co/7CwdzKR0ix — vitalik.eth (@VitalikButerin) September 2, 2024 The cryptographer believes this opens up possibilities for increased decentralisation and simplified code auditing. Buterin suggests that any resource-intensive computations can be divided into two parts: […]

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ForkLog 25 02.09.2024

Ethereum Community Proposes Solution to Inflation Issue

A Web3 researcher known as Cygaar has called for an increase in transaction fees for BLOB objects in Ethereum to restore the ETH burn rate. Right now the relationship between Ethereum L1 and its L2s is quite lopsided. L2s receive the benefits of Ethereum security without contributing much value back to ETH. There are two […]

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ForkLog 60 31.08.2024

Vitalik Buterin Denies Selling His ETH Holdings

Ethereum co-founder Vitalik Buterin has reiterated that he has not sold his own ETH and has kept the proceeds since 2018. I haven’t sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity (eg. biomedical R&D) — […]

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ForkLog 14 26.08.2024

Vitalik Buterin Addresses Claims of Disregarding DeFi

Ethereum co-founder Vitalik Buterin has responded to accusations that he opposes the development of DeFi within the blockchain ecosystem. The discussion about his stance on decentralized finance applications gained traction in the community following the release of the Steady Lads podcast episode featuring Kain Warwick on August 23. The hosts initiated the conversation with the […]

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ForkLog 17 24.08.2024

Ethereum Poised to Surpass Bitcoin in Market Capitalisation Within Five Years, Says Expert

Ethereum is set to eventually overtake the leading cryptocurrency in terms of market capitalisation within the next five years, according to Nick Tomaino, founder of 1confirmation. 1confirmation Q2 2024 LP letter pic.twitter.com/7aysi4xCYL — Nick Tomaino (@NTmoney) August 23, 2024 He noted that Bitcoin’s current capitalisation stands at approximately $1.2 trillion, which is about four times […]

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