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 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.

According to Odaily, Go Ethereum, the Ethereum client in Go language, has announced the release of its Geth v1.14.6 version. This new version introduces the experimental witness building verification code used in the 'cross-validation' proposal. The introduction of this experimental code is a significant step forward in the development of the Ethereum client. The 'cross-validation' proposal is a key part of the ongoing improvements to the Ethereum network. The new Geth v1.14.6 version is expected to enhance the overall performance and security of the Ethereum network. Further details about the specific improvements and changes in the new version were not provided in the announcement.

According to Odaily, IntoTheBlock, in its latest weekly newsletter, has suggested that the forthcoming Ethereum spot ETF could have a substantial impact on ETH. This is due to the potential influx of a new wave of investors. Given that the supply of ETH is highly concentrated in the hands of long-term participants, if the inflow into its ETF is comparable to that of Bitcoin, it could have a significant effect. Ilan Solot, Joint Head of Digital Assets at Marex Solutions, has stated that pervasive pessimism could actually lead to Ethereum performing well. 'The ubiquitous pessimistic sentiment is a strong foundation for excellent performance. The same situation also occurs in the 'sell news' strategy, where many people expect Ethereum to emulate the historical performance of the Bitcoin ETF,' Solot said in an email. However, he expressed concern that comparing many inflow funds forecasts with Bitcoin ETF data might lead to over-benchmarking, such as 'ETH will attract 20% of Bitcoin ETF inflows'. The prevalence of delta-neutral trading (arbitrage trading) could confuse such comparisons and overestimate the potential price impact.

According to BlockBeats, Kontos, developed by Zecrey Labs, announced a partnership with Ethereum Layer 2 Scroll on July 3. This collaboration aims to further promote the development of the Kontos ecosystem, providing users with a smoother multi-chain experience. With this integration, Kontos users can trade and exchange assets on the Scroll network using assets from other chains, eliminating concerns about gas fees. Additionally, users can seamlessly interact with dApps on Scroll and use cross-chain assets to pay gas fees, enhancing the convenience and efficiency of cross-chain operations. Kontos is a full-chain abstraction layer driven by ZK technology. It is dedicated to providing seamless cross-chain interoperability and a user-friendly blockchain experience.

According to Odaily, the value of Ethereum (ETH) has experienced a decrease, falling below the 3400 USDT mark. The current trading price is reported to be 3395.44 USDT. This represents a 24-hour decline of 1.54%. The fluctuation in Ethereum's value is a part of the dynamic nature of the cryptocurrency market. The market's volatility often leads to such changes in the value of digital currencies. However, it is important to note that these changes are not always indicative of a long-term trend. The value of cryptocurrencies can rise and fall rapidly, often influenced by a variety of factors including market demand, investor sentiment, and global economic conditions.

On Jul 03, 2024, 01:55 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,400 USDT and is now trading at 3,397.899902 USDT, with a narrowed 1.46% decrease in 24 hours.

According to Foresight News, Ether.fi, a re-pledging agreement, has proposed a new initiative. The proposal involves the deployment of an ETHFI staking contract on the Ethereum mainnet. This would allow users to stake ETHFI tokens to earn Ether.fi loyalty points. The move is seen as a strategic step to enhance user engagement and participation in the Ether.fi ecosystem. Further details about the proposal and its potential implications are yet to be disclosed.

According to Odaily, Nate Geraci, the President of The ETF Store, has announced that BBG is set to launch an Ethereum spot ETF in mid-July. The revised S-1 is due to expire on July 8, with the final version of the S-1 potentially being submitted before July 12. This theoretically implies that the related ETF could be launched during the week of July 15. The introduction of this Ethereum spot ETF by BBG is a significant development in the cryptocurrency market, offering investors a new way to gain exposure to Ethereum.

According to PANews, the Ethereum Foundation's email account was recently hacked, resulting in phishing emails being sent to 35,794 individuals. The emails falsely claimed that the Foundation was collaborating with LidoDAO to offer a 6.8% return on Ethereum staking. If users clicked on the link in the email and approved the transaction, their wallets would be emptied. The Foundation acted swiftly to halt the malicious emails, closing off the attack route and ensuring that the hackers could not access the email account. Investigations revealed that the hackers obtained 81 new email addresses during this attack, but no victims lost any funds.

According to PANews, Matt Hougan, Chief Investment Officer at Bitwise, predicts that by the end of 2025, Ethereum ETP could bring in a net inflow of $15 billion. This would make Ethereum ETP one of the most successful ETPs in history. However, Ethereum ETP still falls short when compared to Bitcoin ETP, which has attracted $14 billion in net inflow in less than six months. Hougan anticipates that this figure will surge to over $50 billion by the end of 2025, with the involvement of financial giants like Morgan Stanley and Merrill Lynch. Considering market value, Bitcoin is three times the size of Ethereum, making it reasonable for Bitcoin ETP to attract three times the funds of Ethereum ETP. However, Hougan believes that Ethereum ETP could perform far beyond his expectations if things develop differently. Ethereum is likened to high-growth tech stocks. While Bitcoin is designed as a new type of currency asset, competing with gold, the dollar, and other legal currencies, Ethereum is structured as a technological platform. It is a fully programmable blockchain and the cornerstone of new crypto applications such as tokenization, stable coins, and decentralized finance. The economic principle of Ethereum is simple: as more people use these applications, the value of the Ethereum blockchain asset ETH will increase because you must pay ETH to use the platform. This is why Hougan suspects that Ethereum ETP's performance may exceed expectations. After all, investors love tech stocks. Almost all investors have invested in high-growth tech stocks like Nvidia and Meta, while relatively fewer invest in currency assets like gold. Hougan suggests that if investors sell a small amount of tech stocks and increase their holdings in ETH, they might prefer to hold Ethereum as a tech-type asset rather than investing in a new currency asset. Therefore, it is necessary to bring the core concept of Ethereum (that is, ETH is a technology investment) to mainstream attention. To achieve this, two things need to be done: 1) More people need to understand the difference between Ethereum and Bitcoin; 2) Some applications built on Ethereum need to gain mainstream attention.

According to Bloomberg, asset managers are hopeful that the Securities and Exchange Commission (SEC) will approve the first US Exchange-Traded Funds (ETFs) that invest directly in Ether. Despite previous market uncertainties, the recent feedback from the SEC to issuers last Friday was comprised of minor questions that are currently being addressed. In May, the SEC received filings from firms including BlackRock Inc., Fidelity Investments, 21Shares, and Invesco, all of which are awaiting approval. However, many issuers have yet to disclose the fees on their respective funds, a necessary step before the funds can begin trading. If the funds are approved, a significant question remains: will the Ether portfolios generate a demand similar to the one created by the historic debut of US spot-Bitcoin ETFs in January? These Bitcoin ETFs have since accumulated $52 billion in assets. Ether, the second-largest cryptocurrency after Bitcoin, has seen a 50% increase this year, despite a 1.6% drop to $3,409 as of 11:25 am in New York.

According to U.Today, Andrew Huang, the founder of the Paradigm-backed Conduit platform, has expressed his belief that Ethereum's Layer 2 solutions (L2s) should be able to inherit its level of decentralization at a low cost. He emphasized that this should be the ultimate goal for Ethereum (ETH). Huang further stated that Ethereum, the largest smart contract platform, should aim to become a public good that maximizes decentralization. All of its L2s should be able to inherit the same level of decentralization in a cost-effective manner. Huang also pointed out that creating artificial bottlenecks for L1/L1 interaction or maximizing fee transfer to L1 nodes is 'missing an opportunity'. He believes that the 'biggest opportunity' for Ethereum (ETH) lies in its unique status as a native currency of the internet. Huang's comments were in response to an analysis by Paradigm CTO Georgios Konstantopoulos, who suggested that 'forcing market structures' and overthinking might not be beneficial for the progress of L2s. Instead, L2 networks should focus solely on optimal upgradeability and accessibility, while 'interoperability' still appears to be a fabricated issue. In other news, Ether (ETH) is currently trading at $3,462, marking a 2% increase in the last 24 hours. Trading volume has surged by 57% overnight, exceeding $10 billion, according to CoinMarketCap data. However, the USD-denominated total value locked in Ethereum's L2s ecosystem is continuing to decline. Over the past month, it has dropped from $49.3 billion to $42.1 billion, as per L2Beat. Arbitrum (ARB), previously the undisputed leader by total value locked (TVL), is losing its traction, with its dominance falling below 40%. Its closest competitor, Base (BASE), is nearing 17%. Meanwhile, OP Mainnet is trying to maintain above the $15 billion level, and recent newsmaker Blast (BLAST) accounts for 6.9% of TVL in Ethereum's L2 ecosystem.

According to Foresight News, Taiko, an Ethereum second-layer network based on zkRollup, has announced a successful upgrade to its mainnet protocol to v1.7.0. This update is expected to significantly reduce the Gas usage of the Rollup protocol on Ethereum. The upgrade is a significant step forward for the network, as it aims to improve efficiency and reduce costs for users. The reduction in Gas usage is particularly important, as it can lead to lower transaction fees and faster processing times. This is a crucial development for Ethereum, as it continues to face challenges with scalability and high transaction costs. The upgrade by Taiko could potentially alleviate some of these issues, making the Ethereum network more efficient and user-friendly.

According to Foresight News, Parallel Network, a comprehensive L2 network, has activated the ETH withdrawal feature on Parallel L2. Users can now withdraw ETH from Parallel L2 to the Ethereum mainnet. This development is a significant step forward in enhancing the functionality and user experience of the Parallel Network.