Ethereum client developers confirmed on Thursday that the expected Dencun upgrade will not be implemented in a network hard fork before the end of 2023. Last month, when the new Holešky testnet was successfully launched later than planned, it was unanimously believed that it was unlikely to complete the upgrade before the December holidays. Anonymous Prysm developer Potuz confirmed on today's core developer conference call that it is impossible to fork the mainnet in 2023. He pointed out that in the past few months, there has been a consensus issue among the 10 developer networks (devnets) that have launched test upgrades so far, and added that "none of them have progressed smoothly."

According to on-chain data, DWF Labs transferred 280 ETH to options exchange Deribit, marking its first transfer to the platform.

Scam Sniffer on X platform stated that online phishing scammers have transferred 500 ETH ($903,000) to address 0xa7A93F6b1D4c8b961C6Fc5E33d75C5a9aA93cE13. In the past hour, a total of 715 ETH ($1.29 million) has been sent to that address.

According to L2BEAT data, the total value locked (TVL) of Ethereum Layer2 has risen to 11.9 billion US dollars, with a 7-day increase of 14.78%. The top five locked amounts are: Arbitrum One ($65.5 billion, 7-day increase of 15.45%); OP Mainnet ($29.9 billion, 7-day increase of 17.23%); Base ($581 million, 7-day increase of 6.84%); zkSync Era ($445 million, 7-day increase of 3.34%); dYdX ($350 million, 7-day increase of 5.60%).

On October 26th, according to on-chain data, 0xSifu, former CFO of Frog Nation, adjusted his Ethereum short position on Synthetix this afternoon. 0xSifu added nearly $1.5 million in margin in two transactions and increased his short position by $1 million. Currently, his position size is $22.59 million and the liquidation price has risen to $2009.05.

According to Whale Alert monitoring, 57,600 ETH was transferred from an unknown address to Binance 30 minutes ago, with a value of $102 million.

According to Whale Alert monitoring, 22,482 ETH were transferred to Binance, worth $39.8 million.

As monitored by on-chain analyst Yu Jin, a certain whale has withdrawn a total of 42,311 ETH ($70.55 million) from Binance since September 20th and transferred 30,710 ETH ($56.78 million) to Binance 5 minutes ago at an average price of about $1,667.

According to trader Dave the Wave, who accurately predicted Bitcoin's May 2021 crash, the cryptocurrency is now in a position to start a new uptrend. Dave the Wave notes that Bitcoin's weekly moving average convergence divergence (MACD) indicator has turned bullish at the zero level, indicating that BTC may be gaining momentum. He also predicts that Bitcoin will rise above the 200-month moving average and rally above the "buy zone" of his logarithmic growth curve model. Additionally, Dave the Wave is keeping an eye on the price action of the decentralized oracle Chainlink, which he believes has the potential to revisit its all-time high.

According to Whale Alert monitoring, 97863 ETH was transferred from an unknown wallet to Binance at 15:01 Beijing time, as reported by DeepChain TechFlow.

October 24th, Arthur Cheong, the founder and CEO of DeFiance Capital, stated on his social media platform that if the Bitcoin spot ETF is successful and BlackRock applies for an ETH spot ETF, then Ethereum's ESG friendliness and native staking yield will attract institutional investors. However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will halve in April next year. After the halving, the ETH/BTC exchange rate may bottom out.

This morning the ETH/BTC exchange rate fell below 0.05, reaching a new low since mid-June 2022. Currently, the ETH/BTC exchange rate has rebounded to 0.0533, and the ETH price is temporarily reported at 1815 USDT.

According to Etherscan data, the Ethereum network Gas fee has risen to 37 gwei, and is temporarily reported at 37 gwei as of press time.

On October 24th, according to on-chain analysis application Watchers data, former CFO of Frog Nation 0xSifu holds a short position of approximately $21 million on the Synthetix perpetual contract. The current contract market price of Ethereum is $1833, while 0xSifu's average holding price is $1643, resulting in a floating loss of nearly $2.22 million. Currently, 0xSifu still has about $1.64 million in margin to maintain the position. If the market price continues to rise to $1926, the position will face the risk of liquidation.

According to DefiLlama data, there is around $88.3 million in on-chain loan liquidation volume for Ethereum near $1732.

According to market data, ETH briefly touched 1800 USDT and is currently priced at 1808 USDT, with a 24-hour increase of 8.01%.

The market shows that ETH has broken through $1,800 and is currently trading at $1,800.38, with a daily increase of 7.62%. The market is volatile, so please manage your risks.

According to Coinglass data, the current negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) has narrowed to 13.12%. The ETH Trust has a negative premium rate of 22.05%, the ETC Trust has a negative premium of 45.15%, the LTC Trust has a negative premium of 10.69%, and the BCH Trust has a negative premium of 9.05%.

According to monitoring data from The Data Nerd, in the past 8 hours, two new whales (0x06f and 0xb07) have accumulated a total of 39,450 ETH (67.88 million USD) from Coinbase.