Ethereum blob fees soar: What are the implications for L2s?
The price of Ethereum blob fees momentarily increased to $4.52 as a result of a sudden surge in the number of Scroll airdrop claims. The cost of Ethereum blob fees momentarily reached $4.52 due to a frenzy of airdrop claims for a new Ethereum layer-2 network called Scroll . This is the third instance in […]
Ethereum Adding EIP 7742 to Pectra Upgrade
The Ethereum Pectra upgrade will include EIP 7742, enabling the Consensus Layer (CL) to dynamically adjust blob gas goals and max values. A new update for Ethereum Pectra is now available. Christine Kim, who is the Vice President of Galaxy and also a researcher, stated that the developers addressed the upgrade during their 144th All […]
ETH Users Stake One-third of Total Token Supply
Token holders have demonstrated a long-term interest in the crypto asset and the rewards it can provide by staking nearly one-third of all Ether. On October 8, IntoTheBlock, an onchain data provider, disclosed that 28.9% of all Ether had been staked. According to the data platform, the percentage of ETH staked was 23.8% in January, […]
Bison Launches Insured Ethereum Staking Service
Bison, a cryptocurrency trading platform operated by the Böerse Stuttgart Group, has implemented an insured staking service for Ethereum customers. With the new staking feature, customers can earn weekly rewards by staking as little as 0.005 Ether. German companies, such as the global reinsurance firm Munich Re, are supporting the initiative. Munich Re protects against […]
Ethereum ICO Whale Dumps Another 6K ETH
Ethereum’s price dropped over 12%, rebounding from $2,312.58 to $2,438 after a major ICO participant sold 6,000 ETH worth $14.11m. Over the course of the past week, the price of Ethereum has been performing poorly, and as of today, it has dropped by more than 12%. On the other hand, the asset saw a brief […]