Sei Unveils Parallelized EVM for Lightning-Fast App Deployment

DR Sei upgrades its Devnet with a parallelized EVM for rapid application deployment. Ethereum developers can now deploy their applications on the project without modifying their code. The firm aims to offer an experience similar to traditional web applications, with high speed and efficiency.

Timeline of Ethereum, Sei

Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF.

The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it's already driven up congestion on the Ethereum blockchain.

Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated.

Ethereum (ETH) is showing a noteworthy pattern in the options market. According to data from Deribit, a leading platform for crypto futures and options trading, there's a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries.

The Ethereum community is excitedly buzzing after the seamless deployment of the Dencun upgrade on the Holesky testnet Wednesday, signalling a significant milestone for the crypto network. This groundbreaking development ignited a surge in Ethereum's value, with the price soaring to an impressive $2,425.

In early 2024, the Securities and Exchange (SEC) approved the launch of over 10 spot Bitcoin exchange-traded funds (ETFs) in a landmark decision. In the months leading up to the announcement, the price of Bitcoin rose dramatically, going from less than $30,000 in late October to above $48,000 in early January.

Draper, Utah, February 8th, 2024, Chainwire Giddy, the self-custody smart wallet that connects crypto holders to DeFi earning opportunities, is integrating Coinbase Cloud's Partial ETH Staking product so users can stake any amount of ETH to validate the Ethereum network

DR ARK 21Shares modifies its Ethereum ETF application to seek greater institutional acceptance of cryptocurrencies. The introduction of a cash-creation and redemption model in the Ethereum ETF application aims to align with established regulations and enhance the ETF's tracking ability.

The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision regarding a proposed spot ether (ETH) exchange-traded fund (ETF), a joint venture between Invesco and Galaxy Digital, as disclosed in a recent filing. This move underscores the ongoing uncertainty surrounding the regulatory landscape of cryptocurrency investment products in the United States.

4 Altcoins Set To Outperform Ethereum In February 2024: As Ethereum experiences a downward trajectory, several alternative cryptocurrencies are gaining momentum, potentially outshining the well-known Ethereum in February 2024. These emerging altcoins, namely RNDR, XRP, ZETA, and SEI, show promising developments and market movements.