Ethereum’s supply will continue to grow in 2025, and this will severely question the ‘ultrasound money’ hypothesis.
Dencun Upgrade
Ethereum’s Evolution In Q1 2024: 9% Rise in Staking & Open Interest Surges by 50%
According to the Glassnode weekly insight report, in the first quarter of 2024, there were a number of key developments that have been reshaping Ethereum. These changes have influenced Ethereum’s technical capabilities as well as its market dynamics and investment activities. One such development during this period was implementing the Dencun upgrade aimed at enhancing […]
Ethereum Dencun Upgrade: A Boost or Bubble?
The Ethereum network recently underwent a major Dencun upgrade. While this promises exciting developments, it also brings potential risks that merit a closer look. According to data from CryptoQuant, one of Dencun’s big impacts is reducing Ethereum’s total token supply. We’re seeing this driven by the incredible amount of network activity and transaction fees getting […]
Ethereum Plummets 7% As Dencun Upgrade Activates: Analysis & Outlook
The highly anticipated launch of the Dencun upgrade for Ethereum finally occurred on March 13. This led to a drop in price by 7% from $4,082 to $3,656 as per CoinMarketCap data. However, during these periods of time, Ethereum was not operating under the same network conditions when it had croosed above $4,000 in late […]
Ethereum Caught Between Negative Risk Reversals & Dencun’s Fee-Cutting Promise
A recent report from QCP revealed that Ethereum’s risk reversals for short-term option expiries have flipped into negative territory. This rather opaque metric actually provides an intriguing window into market sentiment. The risk reversal compares the implied volatility priced into call options versus put options. A negative reading indicates traders see a greater risk of […]
Ethereum Gears Up For Spotlight Amid SEC Decision Deadline
The cryptocurrency world is gradually shifting its attention from Bitcoin to Ethereum in anticipation of the SEC decision on spot Ethereum ETFs looming in May 2024. While Bitcoin has been trending lately after the United States approval of spot Bitcoin ETFs and the one-month prior halving that will happen in April, considerable developments for Ethereum […]
Ethereum Rockets Toward New Heights: Experts Foresee Price Surging to $8,322
Ethereum (ETH) surged above $3,000, marking its most elevated level since practically two years ago, pointing toward a rather strong bullish signal for the asset. A flurry of bullish predictions comes from crypto analysts, and the upward trend of ETH looks ready to go as predictions in the short term go between $3,300 and $4,500 […]
Ethereum’s Dencun Hard Fork Locked For March 13
Ethereum’s highly anticipated Dencun hard fork is poised to kick off on March 13, following the finalization of the mainnet launch date during a crucial meeting held on February 8. The meticulous planning has pinpointed the exact moment of the upgrade at 13:55 UTC, coinciding with the blockchain’s attainment of slot 8626176 on March 13. […]
Ethereum January 2024 Hard Fork Unveiled
In the latest community meeting, Tim Beiko, Ethereum’s lead developer, provided insights into the upcoming developments for the network. Beiko highlighted the anticipated Dencun hard fork of the Goerli testnet, revealing plans for its execution in January 2024, contingent on the smooth progression of preparations. Most teams involved are reportedly ready for the testnet fork […]
Challenges Ahead: Ethereum’s Dencun Upgrade Faces Delays & Consensus Hurdles
Ethereum client developers have officially confirmed that the highly anticipated Dencun upgrade will not be deployed through a network hard fork before the conclusion of 2023, according to the latest report. This announcement follows a series of consistent consensus issues that have emerged during testing on the ten developer networks (devnets) established over the past few […]