According to Odaily, Puffer has announced the launch of Rollup UniFi, a product based on Puffer. UniFi utilizes L1 sorting and integrates pre-confirmation from Puffer's re-pledged validators. This allows UniFi to expand from centralized sorters to decentralized networks, while maintaining fast, affordable, and reliable transactions. UniFi aims to solve the issue of liquidity fragmentation in Ethereum by implementing synchronous composability. Transactions on UniFi can directly interact with other exchanges based on rollup, eliminating the need for bridges and creating a unified liquidity and application layer.

According to BlockBeats, on July 5, data from YCharts revealed that the premium of Ethereum Trust (ETHE) over its net asset value reached 0.31% on July 3. This development comes as the market anticipates the launch of a spot Ethereum ETF in the United States, and it is expected that ETHE will no longer trade at a negative premium prior to this event. Since the bottom of the cryptocurrency bear market in December 2022, ETHE has been trading at a negative premium. However, following the launch of a Bitcoin ETF in January, predictions surrounding the approval of a spot Ethereum ETF by the US Securities and Exchange Commission (SEC) have been on the rise. Consequently, the negative premium of ETHE has been steadily narrowing until it turned into a positive premium this month. It is reported that Grayscale ETHE currently manages assets worth $9.5 billion.

According to Odaily, Su Zhu, the founder of Three Arrows Capital, has announced that he has repurchased Ethereum (ETH) at a price of $2900. This comes after he previously sold the cryptocurrency when its price was at $3300. The move by Zhu indicates a strategic decision to re-enter the Ethereum market at a lower price point, potentially signaling his confidence in the future performance of the cryptocurrency. This development is noteworthy given the volatile nature of the cryptocurrency market and the significant role that influential figures like Zhu play in shaping market trends. It is important to note that the actions of individuals such as Zhu can have a significant impact on the market, potentially influencing the decisions of other investors. As such, this recent purchase could potentially influence the future trajectory of Ethereum's price.

According to CryptoPotato, Bitwise, an asset management firm, has updated its S-1 registration with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes after SEC Chair Gary Gensler's announcement that the commission might finalize approvals for spot Ether ETFs by summer 2024. Some analysts predict this could happen as early as July. Bitwise submitted the revised Form S-1 registration statement to the SEC on July 3, which includes a six-month fee waiver for up to $500 million. The filing did not specify an exact launch date for listing and trading on NYSE Arca, but it stated that this would occur 'as soon as practicable after the effective date' of the registration. Bloomberg ETF analyst Eric Balchunas noted that Bitwise filed the amended S-1 ahead of a July 8 deadline. He also speculated on the reasons for the SEC's delayed approval process, suggesting it could be due to a problematic issuer or simply the summertime slowdown. The move by Bitwise follows the SEC's approval of the spot Ether ETF 19b-4 filings from eight asset managers on May 23. Since then, the crypto investment community has been eagerly awaiting further developments from the SEC regarding the potential release date. In a June 13 Senate Banking Committee hearing, SEC Chair Gary Gensler stated that the commission expected to approve S-1 registration statements for asset managers 'sometime over the course of this summer.' Gensler mentioned that the registration process for the Ethereum exchange-traded products was proceeding smoothly, with approvals for individual issuers expected in the coming months. Bitwise initially filed its S-1 with the SEC for shares of a spot Ether ETF in March amid rumors that the regulator was considering labeling ETH a security. However, court filings from June suggested that the SEC had dropped this consideration.

According to BlockBeats, the Ethereum network experienced a surge in gas prices on July 5th. Data from Etherscan revealed that the gas price rose to 36 Gwei. The Ethereum network uses 'gas' as a measure of computational effort. When transactions are processed on the Ethereum network, gas is used to pay for these transactions. The increase in gas prices indicates a higher demand for processing transactions on the Ethereum network. It's important to note that the rise in gas prices can affect the cost of transactions and smart contracts on the Ethereum network. Users may have to pay more for their transactions to be processed. This information is crucial for those who regularly use the Ethereum network for transactions and smart contracts.

According to Foresight News, Ethereum, a popular cryptocurrency, has experienced a significant drop in its value. The digital currency has fallen below the 2900 USDT mark, currently standing at 2892.51 USDT. This represents a daily decrease of 5.54%. The fluctuation in Ethereum's value is a common occurrence in the volatile cryptocurrency market.

According to BlockBeats, on July 5th, a crypto whale transferred the remaining 33,765 ETH, worth $103 million, to a new address after unloading its leverage. The whale then deposited these ETH into Aave and borrowed 80 million USDT. The borrowed USDT was then used to repurchase Ethereum. As of now, the whale has spent 70 million USDT to buy back 22,713 ETH at an average price of $3,082. The whale's actions indicate a significant movement of Ethereum within the crypto market. The decision to unload leverage, move the Ethereum to a new address, and then reinvest in Ethereum using borrowed USDT suggests a strategic approach to managing their crypto assets. The whale's actions could potentially influence the Ethereum market, given the large amount of Ethereum involved. The use of Aave, a decentralized finance protocol that allows users to lend and borrow a diverse range of cryptocurrencies, also highlights the growing popularity of DeFi platforms in the crypto market. The whale's decision to borrow USDT to reinvest in Ethereum could be seen as a vote of confidence in the Ethereum market, despite the recent volatility in the crypto market.

On Jul 04, 2024, 23:34 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,098.550049 USDT, with a narrowed 5.98% decrease in 24 hours.

According to CryptoPotato, Ethereum's price has been on a downward trend, causing investors to question if the bull market has ended. However, a key support level could potentially set the stage for a recovery. The daily chart shows the price trending lower within a large descending channel pattern. Over the past few days, the market has been unable to reclaim the $3,500 level, leading to a further drop after a bearish rejection. Currently, a decline towards the $3,000 support level is expected. This level coincides with both the lower boundary of the channel and the 200-day moving average. While this confluence of support elements makes $3,000 a strong support zone, a breakdown could lead to a rapid worsening of the situation. The 4-hour chart provides a clear picture of the price's rejection from the $3,500 resistance level. The $3,350 short-term support zone is also being broken to the downside, making $3,000 a likely upcoming target for Ethereum. However, investors should monitor the RSI, as it has entered the oversold region, indicating a potential recovery soon. Analyzing the futures market metrics for Ethereum can complement price analysis. The Taker Buy Sell Ratio, one of the most useful futures market metrics, measures whether buyers or sellers are more aggressive in executing their orders on aggregate. Following the rejection from the $4,000 level, a large volume of market sell orders has been executed in the futures market. This has brought the Taker Buy Sell Ratio to its lowest value in recent months, suggesting that futures market traders anticipate the price will drop even further in the short term.

On Jul 04, 2024, 13:29 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,093.02002 USDT, with a narrowed 6.48% decrease in 24 hours.

According to Odaily, Ether.Fi, an Ethereum liquidity pledge protocol, has announced the launch of its Cash Card product on platform X. The physical card is expected to be delivered to users in September of this year. The Cash Card is divided into four levels, allowing users to borrow and spend by using their account balance as collateral. Higher-level cards come with 'Genie' service, offering better interest rates and exchange rates.

According to Cointelegraph: Ethereum co-founder Vitalik Buterin has endorsed a new Ethereum Improvement Proposal (EIP-7732), designed to enhance the speed and efficiency of the Ethereum blockchain. This proposal addresses the growing demand for quicker transaction confirmations by overhauling the block validation process. What is EIP-7732? EIP-7732 introduces the Enshrined Proposer-Builder Separation (EPBS), a method that divides block creation into two distinct roles: the consensus proposer and the execution proposer. The consensus proposer selects the execution proposer, who is responsible for producing a valid block. This block must contain crucial information, such as a payment or block hash. A committee of validators, known as the Payload Timeliness Committee (PTC), ensures that the execution proposer submits the promised block on time. This separation is intended to reduce the computational burden on validators and streamline the process. Why EIP-7732 Matters The primary goal of EIP-7732 is to increase the efficiency and speed of the Ethereum network by dividing the consensus and execution tasks. Currently, validators are required to perform both roles within a limited timeframe, leading to potential inefficiencies and delays. By separating these tasks, validators can focus on consensus validation immediately and defer execution validation, improving overall network performance without compromising security. Additionally, the proposal suggests a trust-free exchange between builders and proposers, which guarantees payment and the inclusion of valid blocks, eliminating the need for middleware. Vitalik Buterin’s Vision for a Faster Ethereum Vitalik Buterin has consistently emphasized the importance of faster transaction confirmation times for a better blockchain user experience. In a recent post dated June 30, Buterin highlighted the need for speed, stating, “One of the important properties of a good blockchain user experience is fast transaction confirmation times.” Due to EIP-1559's transaction fee revamp and consistent block times post-merge, Ethereum has already seen transaction confirmation times reduced to 5-20 seconds. However, certain applications require even faster speeds than the current 12-second Gasper consensus mechanism can provide. EIP-7732 promises to reduce these times further, though it may require another hard fork with backwards-incompatible changes. With EIP-7732 under discussion, the Ethereum community looks forward to potentially faster transaction speeds and enhanced network efficiency. This proposal reflects Vitalik Buterin’s ongoing commitment to improving Ethereum’s performance and user experience.

According to Odaily, the release schedule for the documentary 'Vitalik: The Story of Ethereum' has been announced. The documentary will be released in several stages. The first stage will see the release of the trailer on July 23. The second stage involves the presale of tickets on the blockchain, which will begin on July 26. The third stage is the global release of the documentary, scheduled for September 18. The fourth stage is an extended theater performance in the fall of 2024. The final stage is the premiere on mainstream streaming media in the winter of 2024/2025. The documentary is expected to provide an in-depth look into the story of Ethereum and its creator, Vitalik Buterin.

According to BlockBeats, Ethereum core developers announced the launch of EIP-7732 on July 4th. This is the formal specification of Enshrined Proposer-Builder Separation (ePBS). EIP-7732 is an upgrade solely at the consensus layer, separating execution validation from consensus validation, and embedding PBS directly into Ethereum's consensus layer. PBS refers to the separation of block proposers and builders. EIP-7732 includes modifications to the beacon chain, fork selection rules, and P2P communication. It also allows validators to play the role of builders. Builders are complex participants who build blocks to extract MEV. ePBS provides a trustless exchange between proposers and builders and enables validators to effectively utilize CPU. The implementation plan has a Payload Timeliness Committee (PTC), which is a subset of the validation committee that votes on the timeliness of the payload published by the builder. The design of EIP-7732 is also compatible with future upgrades.

According to Odaily, the price of Ethereum (ETH) has experienced a significant drop, falling below the 3200 USDT mark. The current trading price is reported to be 3190.56 USDT. This represents a 24-hour decrease of 5.83%. This downward trend in Ethereum's price marks a notable shift in the cryptocurrency market.

According to Odaily, Bitwise Chief Investment Officer Matt Hougan has written an article titled 'Why Ethereum ETP Might Be More Successful Than You Think.' Hougan suggests that investors have a strong affinity for tech stocks, and Ethereum is one of the most exciting tech investments worldwide. In his CIO memo last week, he predicted that by the end of 2025, the net inflow of funds into Ethereum ETP would reach $15 billion. This would be a significant achievement, bringing Ethereum ETP close to the top of the list of the most successful ETP issuances in history. However, he also noted that it would not be able to achieve the same level of success as Bitcoin ETP. Bitcoin ETP, which has been listed for less than six months, has already attracted a net inflow of $14 billion. Hougan anticipates that by the end of 2025, this figure will skyrocket to over $50 billion as Bitcoin ETP receives approval from major platforms such as Morgan Stanley and Merrill Lynch. Given that Bitcoin's market value is three times that of Ethereum and is more widely known, it is reasonable that Bitcoin ETP attracts three times the traffic of Ethereum products.

According to PANews, James Seyffart, a Bloomberg analyst, announced via Twitter that Bitwise Invest has once again submitted a revised Ethereum ETF S-1 form. He anticipates that more issuers will submit this form within the week. Seyffart predicts that the Ethereum spot ETF product could be listed later next week or during the week of July 15th. Another Bloomberg analyst, Eric Balchunas, commented on the situation. He stated that no one truly understands why the SEC is taking such a long time to process these forms. Given the minimal amount of commentary, he believes that the listing should occur quickly. However, he also suggested that a potential 'issue' might be slowing down the process, or it could simply be due to people being on summer vacation. Despite these uncertainties, all signs point to the listing happening this month, with more details to be revealed next week.

On Jul 03, 2024, 18:48 PM(UTC). According to Binance Market Data, Ethereum (ETH) has dropped below 3,300 USDT and is now trading at 3,299.919922 USDT, with a narrowed 3.87% decrease in 24 hours.

According to BlockBeats, NDV co-founder Christian has staked approximately $7.66 million worth of Ethereum (ETH) into Scroll via Stakestone. The transaction, which involved 2320 ETH, was completed three hours ago, moving from the Blast network back to the Ethereum mainnet. The move by Christian, a prominent figure in the blockchain industry, signifies a significant investment into the Scroll project. Stakestone, the platform used for the transaction, is known for its secure and efficient staking services. The Ethereum mainnet, where the ETH was transferred back to, is a decentralized platform that runs smart contracts, applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. This transaction is a clear indication of the growing confidence in the Ethereum network and the Scroll project. It also underscores the increasing use of staking as a method of participating in blockchain networks. Staking involves holding funds in a cryptocurrency wallet to support the operations of a blockchain network. This includes transaction validation, security, and governance. The Ethereum network has been gaining traction due to its robust smart contract capabilities and the growing DeFi sector. Scroll, on the other hand, is a project that aims to revolutionize the way data is stored and transferred on the blockchain. The staking of such a significant amount of ETH into Scroll via Stakestone by NDV's co-founder Christian is a testament to the potential and confidence in these platforms.

On Jul 03, 2024, 10:34 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,290.179932 USDT, with a narrowed 4.58% decrease in 24 hours.