As Ethereum hit a new all-time high, analysts are expecting that the US regulators will soon approve an Ethereum futures ETF.
The advent of the Micro Ether Futures from CME Group is a move in the right direction towards attracting mainstream financial traders into the digital currency ecosystem.
Ethereum has seen an impressive start to a new month after it notably surged by more than 31.6% in the trailing 30 days period.
Ethereum reached an all-time high of $4,400 on Friday to cap off a 147% 3-month surge since July 21st.
American regulators, including the SEC and Commodity Futures Trading Commission (CFTC), are now more open-minded to ETF products, particularly those tracking futures prices.
The Ethereum 2.0 Beacon chain successfully conducted the Altair upgrade with uninterrupted finality. Ethereum founder Vitalik Buterin praised the Layer 2 scalable solutions on the Ethereum platform.
Ethereum is generally maintaining its bullish trend and should the current accumulation be sustained, the digital currency is billed to test more ambitious price levels in the coming weeks.
Ethereum is currently retesting September’s daily highs with the momentum pointing towards a new ATH.
Aurora said that it will use the funds for the development and maintenance of the EVM along with the bridges that it is currently operating between Ethereum and NEAR.
By leveraging the NEAR Protocol Opera users will be able to enjoy the speed and scale with a much lower gas fee than Ethereum offers. The users will be able to transact NEAR assets directly within the Opera browser.
The Polygon network pulled in a higher number of active addresses than Ethereum, with MATIC jumping more than 5% in the last 24 hours.
The EIP-3554 implementation delays the activation of the difficulty bomb by six months giving some extra time for miners. However, the developments with PoS transition make it clear that Ethereum miners’ revenue will slowly come down to nil.
Eth 2.0 is anticipated to deal with mainnet’s low throughput and high transaction fees compared to the upcoming smart contract blockchain dubbed Ethereum killers.
The comparison was drawn by the senior economist and market strategist at the bank – Marion Laboure.
The Ethereum network started facing congestion, which in turn resulted in very high gas fees being charged from users making transactions on the blockchain.