Ethereum Watch

Robert Mitchnick, BlackRock’s Head of Digital Assets, indicated a tepid interest from the firm’s client base in an Ethereum exchange-traded fund (ETF), starkly contrasting the growing demand for Bitcoin. Advertisements This revelation came during the Bitcoin Investor Day conference in New York, where Mitchnick shared insights into the company’s digital asset strategy and its reception […]

Coinbase’s Chief Legal Officer, Paul Grewal, has taken a strong stance on the ongoing debate regarding Ethereum’s status as a security or commodity. Advertisements Amidst the US Securities and Exchange Commission’s (SEC) rigorous legal efforts to potentially classify Ethereum as a security, Grewal emphasizes its longstanding recognition as a commodity. Ethereum Is Not a Security […]

Vitalik Buterin, a co-founder of Ethereum, announced the introduction of a new staking concept termed “Rainbow Staking.” Advertisements This initiative aims to revamp the economic structure of the network by implementing a dual-pronged staking mechanism. The approach distinguishes between heavy and light services, offering a framework that impacts the distribution of rewards. Vitalik Buterin Introduces […]

The Ethereum Foundation, a Swiss non-profit central to the Ethereum ecosystem, reportedly faces scrutiny. An undisclosed “state authority” is investigating the organization, revealed through a GitHub repository update on February 26, 2024. Advertisements The nature and details of the probe remain shrouded in mystery. Ethereum Dips 2% in Less Than 5 Minutes The Ethereum Foundation […]

The United States Securities and Exchange Commission (SEC) has delayed its verdict on the Hashdex and ARK 21Shares spot Ethereum exchange-traded funds (ETFs). Advertisements Ethereum (ETH) enthusiasts have been eagerly keeping an eye on these developments as the final deadline approaches. Ethereum ETF Approval Chances Drastically Decline Announced on Tuesday, March 19, this postponement extends […]

Fidelity, a leading name in financial services, has submitted a proposal to the United States Securities and Exchange Commission (SEC) for integrating staking rewards into its spot Ethereum exchange-traded fund (ETF). Advertisements This move aims to boost investor returns by tapping into the Ethereum staking market. Impacts of Fidelity’s Ethereum ETF Revision In its detailed […]

Ethereum, not Bitcoin, is poised to be the cornerstone of the future financial system.  Advertisements This assertion stems from a series of advancements and the inherent characteristics of the Ethereum blockchain. Particularly, in light of the recent Dencun upgrade, which has significantly lowered transaction fees on its network. Ethereum Is About to Change Everything Ethereum’s […]

Despite the regulatory uncertainty surrounding spot Ethereum exchange-traded fund (ETF), leading crypto asset management firm Grayscale’s quest for this investment product persists. Advertisements The firm amended its proposal to uplift its Ethereum Trust into a spot Ethereum ETF that would be listed and traded on NYSE Arca. Grayscale Amends Ethereum ETF Filing Grayscale argued that […]

Ethereum’s recent Dencun upgrade has significantly reduced transaction fees across various Layer 2 (L2) networks.  Advertisements This milestone marks a pivotal moment for Ethereum users, promising improved scalability and affordability within the network. Ethereum Dencun Upgrade: Lower Fees, More Speed Following the upgrade, the average fee on Optimism plummeted to $0.05, while Arbitrum’s dropped to […]

The Ethereum mainnet has successfully implemented the Dencun upgrade. This is a significant milestone that promises to drastically lower the gas fees for Ethereum’s Layer 2 (L2) networks. Advertisements The upgrade, reaching its scheduled epoch at block height 269568, according to Etherscan data, marks a pivotal moment for Ethereum, aiming to enhance scalability and affordability […]