21Shares launches Ethereum exchange-traded product tailored to the bear market: Exclusive

Asset manager 21Shares has launched two new product lines aimed specifically at the bear market to give investors more options during the downturn. The post 21Shares launches Ethereum exchange-traded product tailored to the bear market: Exclusive appeared first on The Block.

Timeline of Ethereum

Ethereum developer Alex Stokes on Wednesday said the EIP-4895 has been updated in preparation for deployment in the next planned Ethereum Shanghai upgrade. The update supports validator withdrawals from the Beacon Chain to the EVM through a new “system-level” operation.

Whale addresses are moving nearly $300 million worth of Ethereum (ETH) and XRP in just 24 hours this week, according to data from crypto transaction-tracking platform Whale Alert. In one of the largest transactions, Whale Alert reports that an unknown wallet transferred 38,781 Ethereum worth more than $52 million to another unknown wallet on Monday.

Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput.

Canadian crypto entrepreneur Anthony Di Iorio, who is a co-founder of Ethereum, recently talked to crypto analyst Scott Melker (“The Wolf of All Streets”) about Ethereum. Di Iorio started with Bitcoin (BTC) early in 2012, at a time when it was trading under $10; that is when he started the Toronto Bitcoin Group.

Though volatility is a core attribute of cryptocurrency, the swing is quite excessive for Ethereum. The price movement for Ether was progressive from the beginning of the second of the year.

Before the Ethereum merge event, some experts and investors predicted a fall in the price of Ethereum and hence traded cautiously. Popular analysts referred to the merge hype as a buy the rumor, sell the news scenario.

With the Merge finally completed, Ethereum is now running as a Proof-of-Stake (PoS) network. The post Research: Ethereum's move to PoS is trading off decentralization for scalability appeared first on CryptoSlate.

Cryptocurrency research platform Messari, in a new report, assessed the performance of Ethereum [ETH] in Q3 2022. Titled “State of Ethereum Q3 2022,” Messari found that the blockchain witnessed an uptick in activity on the network in Q3 over the last quarter.

As a result of the Ethereum Merge's popularity, the Ethereum Proof of Work (ETHW) token grew in popularity as well. Developers had created a fork to maintain the original structure of the network.

Weeks leading up to the Ethereum merge were marked by skepticism amongst investors, with many doubtful of the success of the network's transition into a proof-of-stake mechanism. This led to increased outflows for the leading alt.