The recent surge in the Ethereum options open interest comes amid all the positive developments leading to the Ethereum Merge next month.
While Coinbase is the first one to declare a pause on any depositary or withdrawal actions, it won’t be the last one.
The emergence of Ethereum 2.0 is billed to change a lot of things for Ethereum in the coming days and while the merits are innumerable, there are also defined demerits that can surface.
The Skybridge Capital founder mentioned the highly-anticipated Ethereum merge as a possible push for a crypto rebound.
As per the data of block times and total terminal difficulty (TTD), the Merge upgrade will likely happen before the scheduled date of September 19.
Many important developers and enthusiasts in the Ethereum community have expressed their excitement about the successful testnet.
Binance is not ruling out the possibility of listing the ETHPOW token after the hardfork. The company will eventually take a decision based on how things play out.
The world’s second-largest cryptocurrency Ethereum (ETH) has been on a strong move over the last month. In the last 30 days, ETH has gained more than 80% amid all the positive developments surrounding The Merge upgrade.
Tether believes that the Merge is “one of the most significant moments in blockchain history”.
The top two stablecoin issuers – Circle and Tether – have distanced themselves from any hardfork in Ethereum. They said that they will continue to support the PoS transition of Ethereum.
Here’s what experts have to say about the impact of The Merge upgrade on the Ethereum ecosystem and other blockchain networks.
The futures open interest in Bitcoin and Ethereum for the month of August so far has already surpassed the futures open interest for the entire month of July.
Ethereum developers have been working on shifting their focus to scale the network after the coming upgrade – The Merge.
In resolving the potential favoritism that may be shown amongst the two Ethereum protocols in the future, Vitalik Buterin is proposing that the ecosystem should learn to adopt a wide range of stablecoins in order not to concentrate power on just a single protocol.
According to a recent announcement by the Poloniex exchange, it would start supporting the ETHW next week.