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Ethereum News
Blockonomi
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Ethereum Foundation Discloses $970M Assets in 2024 Financial Report
- The Ethereum Foundation released its 2024 financial report, disclosing assets worth $970.2 million, with $788.7 million in cryptocurrency holdings.
- 99% of the crypto holdings are in ETH, showcasing a strong commitment to the Ethereum ecosystem.
- The foundation implemented a conflict of interest policy in 2024 and spent 30.4% ($32.1 million) on layer-1 R&D in 2023.
- ETH price approached $3,000, experiencing a 16.2% increase in the past week.
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Crypto-News-Flash
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ETH and SOL Headed for Major Moves, Says Peter Brandt—With Solana in the Spotlight
- Veteran trader Peter Brandt predicts a bullish breakout for Solana (SOL) and Ethereum (ETH).
- Solana has shown stronger potential as it overcomes key resistance levels and nears its all-time high.
- Despite Ethereum's dominance in DeFi trading volume, Solana has outperformed ETH in total traded volume over the past week.
- Brandt expresses a preference for Solana in the DeFi volume battle, highlighting its potential to lead the next wave of growth in the space.
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Hackernoon
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Explanation of ERC-6900: Modular Smart Contract Accounts and Plugins
- ERC-6900 is a new Ethereum standard that enables Modular Smart Contract Accounts (MSCA), which can divide account logic into separate plugins and add new functionalities without changing the core code.
- MSCA can handle two types of function calls - user operation that calls EntryPoint and runtime that directly calls the account's smart contract. Plugins can have three types of callback functions - validation, execution, and hooks.
- The distinction between calls from the EntryPoint and EOAs is made at the validation level, while shared callback functions are used at the execution level.
- To convert a classic Account Abstraction (AA) wallet into an MSCA, four mandatory interfaces are needed - IAccount.sol, IPluginManager.sol, IStandardExecutor.sol, and IPluginExecutor.sol.
- A plugin is a singleton smart contract deployed as a single instance that stores settings for each account and should not be upgradable. It should inherit from IPlugin.sol and implement at least the functions for installing and removing the plugin.
- To install a plugin, address, keccak256 hash of the plugin manifest, data to pass to the onInstall function, and dependencies are necessary.
- The main difficulty of MSCA lies not in writing the validation functions and hooks but in ensuring that the plugin integrates well with the MSCA, doesn’t conflict with other plugins, and has the ability to interact and work in tandem with them.
- The order of execution for multiple plugins installed on the same selectors works in reverse order of their installation on the MSCA.
- One of the downsides is that the standard is being created with the needs of a specific protocol in mind, rather than the entire Ethereum community.
- The ERC-6900 standard provides solid opportunities for expanding the capabilities of an abstract account and is a step towards user-friendly abstract accounts.
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Cryptonews
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Breaking: US Spot Bitcoin ETFs See Record-Shattering US$1.37 Billion in Daily Inflows
- US Spot Bitcoin ETFs achieve record-breaking inflows following Trump’s re-election, driving Bitcoin to all-time highs.
- BlackRock’s IBIT fund alone received US$1.12 billion, significantly boosting its share of the total Bitcoin supply.
- IBIT now controls over 2% of all Bitcoin, with the ETFs combined holding nearly 5%.
- Ethereum ETFs also see increased activity, with high hopes for a possible approval of Solana ETFs amid regulatory speculations.
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Bitcoinist
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Trump’s Return To Power Revives Optimism For XRP, Solana, And Litecoin ETFs, Report
- Following Donald Trump’s victory in Tuesday’s election, members of the crypto community are optimistic about the approval of altcoin-focused ETFs, including Solana, XRP, and Litecoin.
- Unlike the previous administration, Trump's pro-crypto stance encourages Wall Street to push forward with ETF applications, with a renewed hope for success.
- Solana ETFs are most likely to gain approval due to its strong performance and clearer narrative, while XRP may face challenges.
- Bitcoin has reached new highs following the election results, reflecting optimism for a favorable regulatory environment, with Bernstein analysts predicting its price to reach $200,000 by 2025.
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Cryptonews
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Ethereum Foundation Launches Mekong Testnet to Pilot Revolutionary Pectra Upgrade
- The Ethereum Foundation has launched the Mekong Testnet to test features of the upcoming Pectra upgrade.
- The Pectra upgrade aims to improve Ethereum's scalability, efficiency, and user experience.
- Pectra will enable gas fees to be paid in tokens other than ETH, simplifying the user experience for dApp users.
- Mekong Testnet is feature complete with all the intended Ethereum Improvement Proposals (EIPs) for Pectra.
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Crypto-News-Flash
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Ethereum Foundation Unveils Mekong Testnet to Streamline Pectra Fork Transition
- The Ethereum Foundation has introduced the Mekong testnet as a preparation tool for the upcoming Pectra fork.
- Mekong allows developers and stakers to test and simulate new features of the Pectra upgrade.
- The testnet is feature-complete and provides a hands-on environment for participants to gain practical experience.
- The Pectra upgrade aims to enhance Ethereum's staking processes and accessibility.
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Changelly
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Best Crypto to Buy Now: Cryptocurrencies with the Most Potential
- The cryptocurrency market is experiencing a resurgence after the winter slump, leading many to wonder which cryptocurrencies are worth investing in. With a wide range of options and fluctuating prices, it can be overwhelming to navigate. We are here to help by providing insights into the best crypto choices for current market conditions.
- Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), and Solana (SOL) are some of the recommended cryptocurrencies for long-term investment stability and smart contracts and DeFi innovation, stable growth, cross-border payments, and fast transactions respectively.
- Loopring (LRC), Shiba Inu (SHIB), Avalanche (AVAX), Aave (AAVE), Uniswap (UNI), Toncoin (TON), ChainLink (LINK), Cosmos (ATOM), Stellar (XLM), Filecoin (FIL), The Graph (GRT), Hedera (HBAR), Maker (MKR), PancakeSwap (CAKE), Aptos (APT), and Enjin (ENJ) are also considered top cryptos for various purposes such as data indexing in DeFi, meme coin with expanding ecosystem potential, blockchain interoperability, affordable global transactions, decentralized storage solutions, scaling solutions, and blockchain-based gaming and digital assets.
- Solana (SOL), Toncoin (TON), Shiba Inu (SHIB), PancakeSwap (CAKE), and Cronos (CRO) are some of the cryptocurrencies which are expected to explode in the near future.
- Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Basic Attention Token (BAT), and Fantom (FTM) are some of the best coins to invest for under $5.
- Adoption, past performance, prospects of adoption, and market conditions and trends are some of the critical indicators to look into while deciding on selecting the best cryptocurrency.
- Bitcoin, Ethereum, or other established projects with solid reputations that promise longevity are recommended for long-term investment.
- AI-related crypto projects like THETA, GRT, and FET; Utility tokens of decentralized applications and cryptocurrency exchanges, such as UNI; Metaverse and NFT projects are currently popular.
- Cryptocurrency investment is known to be high risk and high reward, and there would be different coins going up. Thus, many investors prefer to buy a variety of digital assets instead of looking for one specific new crypto.
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Tech Story
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SEC Shake-Up Expected as Trump Win Drives Bitcoin, Ether to Record Levels
- Donald Trump’s recent presidential victory has propelled Bitcoin and other digital currencies to record-breaking highs, portraying optimism for the crypto industry under the new administration that champions crypto innovation and less restrictive regulations compared to the SEC’s Gary Gensler. Trump has vowed to replace Gensler with a more crypto-friendly SEC Chair, and his pro-crypto vision implies the removal of barriers and simplification of the regulatory environment for crypto companies to operate effectively. Besides, Trump intends to instill tax cuts for crypto holdings and long-term investments and support cryptocurrency indirectly through economic policies that could benefit digital assets.
- In addition, Trump's administration is poised to pass bipartisan crypto legislation, acknowledge digital assets' role as a vital part of the modern economy, and respect their technological characteristics while promoting them into mainstream financial systems. The appeal of Bitcoin as an alternative store of value is expected to continue as investors see it as a safeguard against inflation, among other economic trends and investor sentiments. The effects of Trump’s victory have been felt not only in cryptocurrency prices but also in related equities such as Coinbase, Riot Platforms, and Marathon Digital, with an uptick in their stock prices due to Trump’s support for domestic crypto mining.
- Although Trump's victory has created excitement in the crypto market, the future of crypto regulation is yet to be fully outlined. The industry needs a balanced regulatory framework that protects consumers while fostering innovation, requires collaboration between regulators, lawmakers, and the crypto industry ensuring new rules that are both practical and forward-looking.
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TronWeekly
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Best Crypto Presale to Buy In November 2024: Seize the Opportunity to Access 100x Growth Potential Coins
- Qubetics, with its focus on security and cross-chain functionality, is one of the top presale investments for early-stage growth seekers.
- Qubetics is currently in phase 7 with each $TICS token priced at $0.0193. Early entrants can reap a whopping ROI of 1193.58%
- Bitcoin's increasing dominance in the digital market is often viewed as a hedge against inflation.
- Ethereum remains the foundation of DeFi and NFT spaces with scalability improvements and Layer 2 solutions likely to boost its growth prospects.
- SUI is particularly suited for DeFi and gaming applications requiring high transaction throughput and minimal latency.
- Qubetics offers a unique opportunity through augmented security powered by Byzantine Fault Tolerant (BFT) mechanisms and Ethereum.
- Joining the Qubetics presale is an opportunity to participate in a groundbreaking project poised for substantial growth.
- Qubetics is worth considering for investors seeking the best presale cryptocurrency investments today.
- For more details: Qubetics: https://qubetics.com, Telegram: https://t.me/qubetics, Twitter: https://x.com/qubetics
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Coinpedia
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Ethereum Eyes $3,000 Amid Weakening Selling Pressure: Can Bullish On-Chain Metrics Hold ETH Price?
- Ethereum's price has surpassed the $2,800 mark for the first time since August, with expectations of further upward movement.
- On-chain metrics have reached new peaks, indicating positive sentiment and accumulation of ETH.
- The Ethereum Foundation has launched the Mekong Testnet to test new features for the upcoming Pectra upgrade.
- Concerns arise as some ETH holders sell large amounts, creating price rejection and uncertainties.
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Cryptoslate
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Staking could lower fees and boost interest in Ethereum ETFs, analyst claims
- Staking could significantly boost investments in US-traded Ethereum exchange-traded funds (ETFs), according to analyst Tom Wan.
- Staking could reduce management fees and increase overall staked Ethereum, providing more incentives for investors.
- Regulatory concerns currently prevent US-based Ethereum ETFs from including staking.
- Staking within ETFs could attract more investors, contribute to Ethereum network stability, and reshape the staking landscape.
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99Bitcoins
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What’s Going on With Polygon? Here’s The Polygon News You Missed While Losing on Pump.Fun
- Polygon (POL) price experienced volatility as it hit a new all-time low of $0.285 during the US presidential election.
- Polygon's price performance has not reflected its popularity, hosting apps like Polymarket and EARNM.
- Polygon has undergone updates, including the AggLayer project, aimed at improving its multi-chain ecosystem and network efficiency.
- Despite the price slump, Polygon's stablecoin market cap and total value locked (TVL) have increased, indicating faith in its real-world use and potential for DeFi dominance.
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TheCryptoBasic
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Ethereum Rebounds to $2,800, Top Analyst Says ETH Bull Run Still in Early Stages, Critical Crossover Pending
- Ethereum has surged 8% to $2,800, reaching its highest level in three months.
- Analyst Ali Martinez emphasizes the 180-day MVRV Momentum as a bullish indicator for Ethereum.
- Key market indicators suggest the potential for further gains in Ethereum.
- Analysts point to recovery signals and predict continued bullish momentum for Ethereum.
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Altcoinbuzz
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Ethereum Unveils Mekong Testnet for Pectra Upgrade Preview
- The Ethereum Foundation has introduced the Mekong testnet as a playground for developers to try out new features that focus on improving user experience.
- Mekong is designed to be temporary but packed with key upgrades coming with the Pectra fork, including Ethereum Improvement Proposals (EIPs) for changes to the network.
- The testnet aims to help developers and stakers (people who help secure the network) get comfortable with new features before they officially launch.
- Mekong allows developers to test updates before rolling out to larger testnets and eventually to the main Ethereum network, offering wallet developers a chance to experiment with user-friendly updates.
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