Ethereum Developers Plan Next Upgrade, "Pectra," to Improve User Experience and Increase Staking Limit
Following the successful Dencun upgrade, Ethereum developers are planning the next upgrade, called "Pectra," which aims to include small improvements while simultaneously working on the chain's next upgrade. The upgrade is likely to include EIP 3074, which proposes code changes to improve the user experience of Ethereum wallets by allowing users to batch transactions and sign off on them all at once. Another proposed change is EIP 7251, which would increase the staking limit for validators from 32 ETH to 2,048 ETH, allowing large staking providers to consolidate their validators and avoid bogging down the system. The upgrade is expected to be released at the end of 2024 or early 2025.
Ethereum L2 TVL is nearly $43 billion, of which Base TVL exceeds $5.5 billion
According to L2BEAT data, the current Ethereum Layer2 TVL is $42.81 billion, with a 7-day increase of 4.97%. Among them, the top five TVLs are: -Arbitrum One TVL is $18.95 billion, with a 7-day increase of 3.87%;-OP Mainnet TVL is $7.55 billion, with a 7-day increase of 2.12%; -Base TVL is $5.53 billion, with a 7-day increase of 17.85%; -Blast TVL is $2.9 billion, with a 7-day increase of 10.12%; -Starknet TVL is $1.36 billion, with a 7-day increase of 1.33%.
9,000 ETH transferred from unknown wallet to Binance
According to blockchain data tracking service Whale Alert, at 11:11 am Beijing time today, 9,000 ETH were transferred from an unknown wallet to Binance, worth $32,056,995.
Introducing eoracle - the Ethereum Oracle
Ethereum and Bitcoin faced challenges that were overcome with a very cautious approach, resulting in an extraordinary case study for global human coordination. Adding real-world data through oracles as another layer on top of it is a very promising next step. However, so far, we have taken this step forward without the same caution that is fundamental to the journey toward a decentralized ecosystem. Perhaps we were too close to the problem, focusing only on the outcome - making data accessible - and not being mindful enough about the process allowing it.
Ethereum network gas fee drops to 15 gwei
Etherscan data shows that the current Ethereum network gas fee has dropped to 15 gwei.
Ethereum ICO participant addresses deposited 10,000 $ETH to Renzo and Swell eight hours ago
According to @ai_9684xtpa monitoring, Ethereum ICO participants 0x3A0...9f8FE deposited 10,000 $ETH each, worth 73.56 million US dollars, into Renzo and Swell's accounts eight hours ago; they have now become Renzo's fourth largest personal staking address🏆. This OG once received 314,807 ETH from the Genesis address on July 30, 2015, at a cost of only $0.31😲, and also received 4 million DAI from the Ethereum Foundation.
8,000 ETH transferred from unknown wallet to Beacon Depositor
Whale Alert detected that around 15:01 Beijing time, 8,000 ETH (worth $26,745,299) was transferred from an unknown wallet to Beacon Depositor.
An Ethereum ICO participant deposited 1,069 ETH into Kraken after a year of dormancy
According to Spot On Chain, a participant in an Ethereum ICO deposited 1069 ETH (worth $3.56 million) into Kraken at an average price of $3329 after being dormant for a year. The whale received 12,566 ETH in Ethereum Genesis in July 2015, with an ICO price of about $0.31. Then, in 2017, the ETH was dispersed into 12 wallets, with 4847 ETH being deposited into Kraken and Gemini at an average price of $1637. The whale currently holds 7719 ETH (worth $25.7 million) in 8 wallets.
The Bitcoin-Ethereum price ratio suggests that risk appetite for cryptocurrencies may be waning
The ratio of Bitcoin to Ethereum prices implies that the market's risk appetite for cryptocurrencies may weaken. The Bitcoin-Ethereum price ratio has risen to 20, reaching its highest level since April 2021, reflecting a more elastic demand for Bitcoin in the market, while the opposite is true for Ethereum.
ETH fell below 3250 USDT, down 1.21% in 24 hours
According to the OKX market, ETH has fallen below 3250 USDT and is now trading at 3248 USDT, with a 24-hour decline of 1.21%.
SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection
SuperRare, a well-known Ethereum NFT art platform, is expanding into the Bitcoin Ordinals domain by partnering with the Bitcoin art platform Gamma. They will launch their first-ever Ordinals collection on April 11, featuring exclusive artworks by Killer Acid. The new collection, called 'No Brainers', will consist of 35 hand-drawn "psychedelic" pieces priced at 0.099 BTC each. SuperRare's move into Bitcoin demonstrates its commitment to innovation and supporting digital artists in an evolving marketplace, while also challenging Ethereum's dominance in the NFT market.
Omni Network: Omni Omega Testnet Phase 2 is now live
On April 5th, the Ethereum interoperability protocol Omni Network announced on X platform that the second phase of the Omni Omega test network has been launched. Users can participate in the final test network by delegating their testnet ETH to Omni.
QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak
On April 5th, QCPCapital, a cryptocurrency market maker, pointed out in its latest research report that the cryptocurrency market will perform poorly at the beginning of the second quarter of 2024. The price of Bitcoin has fallen below $70,000 and is fluctuating within a narrow range. The scale of ETF fund inflows is not sufficient to drive price trends. The funding rate tends to be stable, and the front end of the forward curve has fallen from a high point of 50% to below 20%. However, it is worth noting that the back end of the forward curve is still at a high level, and investors are interested in longer-term spot-forward basis positions. This may be due to the continued demand for Bitcoin 2025 long-term call options in the market. QCP believes that the bullish demand for Bitcoin and the upward momentum of spot ETF fund inflows will support Bitcoin prices and is expected to push Bitcoin above $70,000 this weekend. On the other hand, Ethereum continues to be weak. ETHBTC is testing key support levels after falling below 0.05. The market continues to sell a large number of Ethereum long call options, which has lowered the implied volatility and formed some downward pressure on prices. QCP analysis believes that this may once again indicate that the early signal of the shift from frenzy to panic for altcoins represented by Ethereum.
ETH/BTC exchange rate fell below 0.05, with a daily drop of 2.41%
Data shows the ETH/BTC exchange rate has fallen below 0.05 and is now at 0.04853, with a daily decline of 2.41%.
Proposal to reduce Ethereum issuance sparks heated discussion in crypto community
Ethereum Foundation researcher Mike Neuder wrote a document titled "Issuance Issues" that supports adjusting token issuance to solve some of the current issues in Ethereum, including maintaining the feasibility of independent staking relative to liquidity staking protocols and ignoring high levels of staking that could harm staking rewards. Neuder advocates for reducing issuance in Ethereum's next upgrade, "Electra," but other researchers and developers strongly reject this position. Opponents believe that the current push to adjust Ethereum's issuance curve is a complete overreaction to unfounded centralization concerns, and that the proposal's goals are unclear, and the current issuance curve has not caused value erosion.
An address withdrew 588 ETH from Binance today
According to JieData monitoring, an address starting with 0x777f withdrew 588 ETH from Binance today. Currently, the address holds over 1051 ETH in total.
The number of ETH holding addresses hit a record high, reaching 118,230
According to data tracked by Santiment, Ethereum experienced a significant increase this weekend, rebounding to over $3,600 after a 25% decline between March 11th and 19th. The number of ETH holding addresses reached a historic high of 118,230, and mid-term MVRV showed a mild bullish signal.
ETH breaks through $3,600
The market shows ETH has broken through $3,600 and is currently trading at $3,600.36, with a daily increase of 2.46%. The market is highly volatile, so please be prepared for risk control.
Binance ETH contract open interest reaches 1.3 million ETH
The total open position of ETH futures contracts on the entire network is 3.92 million ETH, equivalent to approximately 13.92 billion US dollars. Among them, Binance's open position for ETH futures contracts is 1.3 million ETH (approximately 4.61 billion US dollars), ranking first.
The founder of Doodles revealed that he has obtained 2 NFTs including CryptoKitties from Sotheby’s auction
Doodle founder poopie revealed on social media that he recently purchased two NFTs from Sotheby's auction, namely "proof of existence" by digital artist Rhea Myers and cat#63 from the CryptoKitties series. According to relevant transaction screenshots, "proof of existence" was priced at about $12,700, while Cat#63 was priced at about $127,000. According to OpenSea data, the current floor price of CryptoKitties is about 0.0015 ETH.
