Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
Macro hedge funds may be positioning themselves in advance for the Ethereum merger in September.
Ethereum is currently trading above $1,700 after rising 15% on Thursday as network prepares for The Merge.
Michael Saylor has always favored Bitcoin ahead of other cryptos and MicroStrategy kept increasing its position even during the market pullback and mass sell-off.
Ethereum co-founder Vitalik Buterin recently offered Ethereum Classic as an alternative for people averse to the ETH PoS upgrade.
Essentially, Ether isn’t the only crypto that is rallying. The entire crypto market has picked up in the last ten days by nearly 19%.
Following the excitement around The Merge upgrade, institutional interest in Ethereum has been picking up strongly. ETH breaks past its crucial resistance and is trying to approach $1,700.
zkSync will support scripting languages for EVM-based apps such as Solidity and Vyper. The mainnet launch for zkSync 2.0 shall happen before the end of 2022.
Despite the glimmer of hope in BTC and ETH rally, analysts and investors alike, remain unconvinced about its sustainability.
Bitcoin and Ethereum have shown a strong upside over the last weekend. A strong weekly closing can result in a further price rally ahead this week.
Now that the September 19 date is in view, the Ethereum Foundation developers will set a timeline for the “Difficulty Bomb” to be activated.
Crypto market turned volatile following the US CPI inflation data on Wednesday. Owing to four-decade high inflation the Fed is likely to initiate aggressive QT measures which can force investors to move away from risk-ON assets like crypto.
Many believe the transition, once completed, will pit Ethereum favorably against Bitcoin, closing their gaps.
Additional reports from the analyst stated that this is the most recent in a string of fakeouts that will deceive many traders into thinking the bottom is in when, in fact, the trend is still downward.
Ethereum developers successfully conduct the Merge upgrade on the Sepolia public testnet. However, they still encountered minor hiccups during the launch.
The launch of Bitmain AntMiner E9 comes a year after the announcement. Also, the launch comes just before Ethereum’s move to the Proof-of-Stake blockchain raising doubts over its future sales.