Notional value of $2.98 billion BTC and $1.57 billion ETH options contracts are about to expire
live on October 27th, 87,000 BTC options are about to expire with a Put Call Ratio of 0.88 and a maximum pain point of $29,000, with a nominal value of $2.98 billion.
880,000 ETH options are about to expire with a Put Call Ratio of 0.47 and a maximum pain point of $1,650, with a nominal value of $1.57 billion. <br>
Ethereum core developers confirm Dencun upgrade will not be implemented before the end of the year
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."
Phishing scammers sent 715ETH to addresses starting with 0xa7A in the past hour
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.
Ethereum Layer2 TVL rose to $11.9 billion, an increase of 14.78% on the 7th
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%).
0xSifu adds another $1 million in ETH short positions, and the liquidation price has risen to $2009.05
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.
Top Trader Predicts Promising Position for Bitcoin's Long-Term Rally, Updates Outlook on Ethereum-Based Altcoin
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.
About 98,000 ETH Transferred From Unknown Wallet to Binance
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.
DeFiance Capital Founder: ETH/BTC Exchange Rate May Truly Hit Bottom After Bitcoin Halving
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.
The ETH/BTC Exchange Rate Fell Below 0.05, Hitting a 16-Month Low
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.
Ethereum Network Gas Fee Rises to 37 Gwei
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.
