Ethereum’s market value will grow by 85% in 2023, slightly less than other major assets
According to IntoTheBlock data, on December 24th, Ethereum's market value is expected to grow by about 85% in 2023. Despite upgrades, various ETF applications (already submitted), and strong adoption indicators, its performance is still slightly inferior to other major assets.
A whale pledged WBTC to lend out $48 million in ETH and transferred the latter to Coinbase
According to data agency Arkham, on December 22nd, a new address starting with 0x454 borrowed 48 million USD worth of ETH on Aave by pledging 80 million USD worth of WBTC, and transferred the ETH to Coinbase. The address received the funds three days ago and made the transaction when the ETH to BTC exchange rate hit a new low.
The tentative date for the activation of the Cancun/Deneb upgrade on the Ethereum Goerli, Sepolia, and Holesky testnets has been determined
Christine Kim, the Vice President of Galaxy Research, summarized the 177th Ethereum Core Developer Execution Layer Meeting (ACDE). This week, developers set a tentative date to activate the Cancun/Deneb upgrade on all three public Ethereum test networks.The test network upgrade schedule is as follows: Goerli fork on January 17, 2023, Sepolia fork on January 31, 2023, and Holesky fork on February 7, 2023.These dates may change as developers may need to update them in the coming weeks due to unexpected errors and issues with client releases.Developers also discussed the performance of the second Goerli shadow fork, the precompiled address range for Layer 2, and expectations for the Prague/Electra upgrade. The meeting also confirmed that the next ACDE meeting will be held on January 4th.
ETH breaks through $2,300
The market shows ETH has broken through $2300 and is currently trading at $2300.26, with a daily increase of 3.84%. The market is volatile, so please take caution and manage your risks.
12,800 ETH transferred to Beacon Depositor contract
According to Whale Alert monitoring, 12,800 ETH (approximately $29,230,271) was transferred from an unknown wallet to the Beacon Depositor Contract.
Lido's Dominance in Ethereum Validator Space Poses Security Risk, Decentralized Validator Technology Gains Traction
The concentration of power among a small group of validators, including Lido, on the Ethereum network is a significant security risk. Lido controls a large portion of staked ETH, and if this share increases, it could lead to network outages or malicious activity. Decentralized validator technology (DVT) aims to address this vulnerability by spreading operations across multiple parties. Lido is testing a "Simple DVT Module" in partnership with Obol and SSV, and while larger institutions may take time to adopt DVT, hobbyist solo-stakers and community-run collectives are expected to embrace the technology soon.
16,123 ETH transferred from unknown wallet to Coinbase
According to Whale Alert monitoring, 16,123 ETH (worth about $35,685,329) was transferred from an unknown wallet to Coinbase.
Release Blockhash Opcode Restrictions with zk-SNARKs for Optimistic Bridges
This post is a proposed solution to release the restrictions that exist in Ethereum opcode by using zk-SNARKs. Furthermore, I hope to use this idea to solve the challenges of the optimistic bridges.
Bloomberg Analyst: SEC May Make Concessions on Ethereum
Bloomberg analyst James Seyffart recently discussed a noteworthy development in his blog. The U.S. Securities and Exchange Commission (SEC) has changed its stance on Ethereum. Seyffart stated that with the approval of Ethereum futures ETFs, the SEC is subtly acknowledging that Ethereum may be considered a commodity rather than a security. If the SEC changes its stance and classifies Ethereum as a security, it would have a significant impact.
9,614 ETH transferred from BitFlyer to unknown wallet
According to WhaleAlert monitoring data, at 17:49 Beijing time, 9,614 ETH (worth $20,774,326) was transferred from BitFlyer to an unknown wallet.
