Developer consensus supports Ethereum withdrawals in upcoming Shanghai upgrade

On Sept. 20, CryptoSlate published an article on the upcoming Shanghai upgrade, stating Ethereum withdrawals would not likely be activated. The piece was informed by contact with a member of the Ethereum team. Since then, another member of the Ethereum team has been in touch to dispute the claims made in the piece. Shanghai may … Read more

Research: State of Ethereum derivatives market post-Merge

Previous research conducted by CryptoSlate suggested the Ethereum Merge would be a buy-the-rumor, sell-the-news event. With that coming to pass, as ETH sunk 20% over the last seven days, what does a current analysis of the derivatives market reveal? Ethereum Futures Perpetual Funding Rate Perpetual Funding Rates refer to periodic payments made to or by … Read more

Ethereum developer confirms Shanghai upgrade will not unlock staked tokens

By messenger exchange with CryptoSlate, Ethereum developer Micah Zoltu has confirmed the upcoming Shanghai upgrade will not enable the withdrawal of staked ETH tokens. Currently, ETH can only be deposited to the staking contract and not withdrawn. Per Ethereum, the withdraw functionality would be enabled following the Shanghai upgrade. However, it has since come to … Read more

Community braces for ‘fork wars’ after Poloniex’s sudden move to support EthereumFair over ETHW

The Poloniex exchange has named EthereumFair (ETF) as the ETH Proof-of-Work (PoW) forked chain as the principal one it will support, according to a Sept. 15 statement. Previously, Poloniex voiced support for ETHW but said it changed its mind as ETF is “supported by the community’s majority.” Poloniex added that it will continue to support … Read more

Charles Hoskinson points out Ethereum’s Merge changes nothing

Input Output CEO Charles Hoskinson said the Merge changes nothing in terms of performance, operating cost, and liquidity. Eth 2.0 requires Shanghai which is next year minimum by their own release schedule. My prediction is still on target. You do understand that nothing has changed in terms of performance, operating cost, nor liquidity? — Charles … Read more

Research: Ethereum price volatility expected post-Merge as open interest options soar with bearish divergence

The eagerly anticipated Ethereum Merge is expected to occur on Sept. 15. This will consolidate the existing Proof-of-Work (PoW) execution layer to the concurrently running Proof-of-Stake (PoS) Beacon chain. Proponents expect this to bring scaling and environmental benefits. Although the run-up to the Merge has seen a significant jump in price, growing 90% since bottoming … Read more

Research: Ethereum gas usage by stablecoins, DeFi, NFTs, and ERC -20 contracts

Gas fees refer to the cost of conducting a transaction or executing a contract. For example, this could take the form of exchanging into a stablecoin or minting an NFT. Since the summer of 2020, Ethereum gas fees took off primarily due to the explosion of DeFi use on the chain. Although network activity has … Read more

Buterin makes the case for alternative stablecoin technology in high inflation environment

Vitalik Buterin said the cryptocurrency industry would benefit from developing new forms of stability away from dollar-pegged stablecoins. Responding to Coinbase CEO Brian Armstrong, who asked if there was room in the market for a coin pegged to consumer prices, Buterin implied yes by explaining the limitations of fiat-backed stablecoins, especially in a high-inflation environment. … Read more

Research: Bitcoin exchange outflows top $1B daily, while Ethereum sees net inflows

Analysis of Bitcoin and Ethereum exchange flows revealed opposing activity for the top two tokens, with the market leader establishing clear dominance in terms of holding long-term. Exchange flows are the number of tokens deposited or withdrawn into or out of an exchange wallet. A popular on-chain metric to assess this is Exchange Net Position … Read more

Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge

A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. “With the imminent #PoS $ETH merge, I’m curious what all the #miners out there are planning on moving their rigs to.“ The Ethereum Merge is imminent Recent estimates give September 19 as the date the Merge … Read more