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නවතම Ethereum පුවත්, මිල යාවත්කාලීන, සහ වෙළෙඳපොළ ප්‍රවණතා

පැ7

Centralization Concerns Rise in Ethereum's MEV Practices

According to Cointelegraph, the Ethereum network is facing increasing centralization in its maximal-extractable value (MEV) practices, as arbitrageurs tighten their control over transaction ordering. A recent research paper highlights that these arbitrageurs, referred to as "searchers," are often in-house or have exclusive contracts with MEV builders responsible for block construction on the network. MEV represents the profit blockchain validators or participants can earn by reordering transactions within a block before finalization, often involving strategies like arbitrage, front-running, or sandwich attacks. The paper, titled "Measuring CEX-DEX Extracted Value and Searcher Profitability: The Darkest of the MEV Dark Forest," examines how arbitrageurs exploit price discrepancies between centralized (CEX) and decentralized (DEX) crypto exchanges, often front-running smaller users. The authors note that three builders—beaverbuild, Titan, and rsync—dominate the Ethereum builder market, with two vertically integrating their own CEX-DEX searchers. This vertical integration raises concerns for Ethereum's decentralization and security, fostering economies of scale that strengthen dominant players, enabling monopoly pricing that causes proposer loss, and increasing vulnerability to censorship and commitment attacks. The researchers conclude that the centralization of CEX-DEX arbitrage through exclusive agreements with block builders exacerbates "centralization pressures" within the Ethereum ecosystem, which must be considered when planning the future direction and growth of the layer-1 network. Under Ethereum's Proposer-Builder Separation (PBS), block proposers can outsource block construction to entities known as builders, a move intended to promote censorship resistance. However, critics, including the authors of the research paper, argue that PBS centralizes the network and creates unfair market conditions for smaller participants. In March, pseudonymous Ethereum researcher Malik672 proposed democratizing Ethereum block building to allow thousands of participants to contribute, enhancing network decentralization. The researchers note that 80% of blocks are currently proposed by just two entities, compromising decentralization and fairness. Ethereum co-founder Vitalik Buterin has previously suggested mitigating MEV by developing alternative infrastructure, including crypto exchanges, and minimizing MEV by starving arbitrageurs of the onchain data they rely on for complex trades and transaction reordering.
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පැ14

BlackRock's Ethereum ETF Achieves Rapid Growth Milestone

According to Cointelegraph, BlackRock's spot Ether exchange-traded fund (ETF), known as the iShares Ethereum ETF (ETHA), has rapidly ascended to become one of the fastest-growing ETFs globally. This achievement places it alongside two other cryptocurrency funds in terms of growth speed. Bloomberg ETF analyst Eric Balchunas reported that ETHA has become the third-fastest ETF to reach $10 billion in total assets under management (AUM), achieving this milestone in just 251 days since its launch. Balchunas highlighted the remarkable growth, noting that ETHA doubled its assets from $5 billion to $10 billion in a mere 10 days, describing this surge as akin to a "God candle." This rapid expansion positions ETHA ahead of the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to reach the same asset level. The unprecedented growth of ETHA underscores the increasing popularity and demand for spot crypto ETFs, as noted by Nate Geraci, president of NovaDius Wealth Management. Geraci emphasized the significance of this trend, pointing out that the ETF industry has been established for over three decades and comprises nearly 4,400 products. Despite ETHA's impressive growth, BlackRock's spot Bitcoin ETF remains the leader in terms of rapid asset accumulation. Launched in January 2024, the iShares Bitcoin Trust (IBIT) set a record by reaching $10 billion in AUM just 34 days after its debut. Fidelity Investments' Wise Origin Bitcoin Fund (FBTC) followed closely, achieving the same milestone in 54 days. In recent months, Ether ETFs have experienced a notable increase in inflows, particularly in July, while Bitcoin ETFs have seen a slowdown. Data from SoSoValue indicates that Ether ETFs in the United States have maintained a 14-day inflow streak, accumulating $4.4 billion since July 3. This streak includes a significant daily inflow of $726.7 million, marking the largest since the ETF's launch last July. Conversely, Bitcoin ETFs have encountered challenges, with inflows turning negative on July 21 after a 12-day streak. Since then, U.S. spot Bitcoin ETFs have experienced $289 million in outflows over the past three trading days, according to SoSoValue data. This shift in investor sentiment highlights the dynamic nature of the cryptocurrency ETF market and the evolving preferences of investors.
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Jul 23

Public Firms' Ether Purchases Impact Market Dynamics

According to Cointelegraph, Ether (ETH) has recently shown signs of being overbought, yet the lack of a significant pullback indicates that bullish investors are not rushing to sell. SharpLink Gaming and BitMine Immersion Technologies have been actively acquiring Ether, aiming to become the largest public holders of the cryptocurrency. BitMine initially claimed the top position with 300,657 ETH, but SharpLink surpassed it following recent acquisitions, increasing its holdings to 360,807 ETH.The ongoing Ether purchases by these public companies raise questions about potential impacts on ETH's price trajectory. On Monday, ETH experienced a decline from $3,860, breaking below the $3,745 support level, which suggests profit-taking by short-term investors. The ETH/USDT pair might drop to the 38.2% Fibonacci retracement level at $3,494. A rebound from this level would indicate strong demand at lower prices, prompting bulls to attempt pushing the pair towards $4,094.Conversely, if ETH breaks and closes below $3,494, it could further decline to the 50% retracement level at $3,381 and potentially reach the 20-day exponential moving average (EMA) at $3,234. A breach below the 20-day EMA would shift the short-term advantage to the bears, possibly driving the pair down to $2,904.On the 4-hour chart, the 20-EMA has leveled off, and the Relative Strength Index (RSI) has dipped below the midpoint, indicating a balance between supply and demand. Buyers need to push the price above $3,860 to initiate the next phase of the rally towards $4,094. Conversely, a break and close below the 50-SMA would suggest a bearish resurgence, potentially causing the pair to fall to $3,477 and subsequently to $3,361.This analysis does not offer investment advice or recommendations. All investment and trading activities involve risk, and readers are encouraged to conduct their own research before making any decisions.
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Jul 23

Etherem News: Ethereum ETF Inflows Hit $533M in a Day, 13-Day Streak Pushes Total Past $4B

Spot Ethereum exchange-traded funds (ETFs) continued their impressive performance Tuesday with $533.87 million in net daily inflows, extending their 13-day inflow streak to a cumulative $4.07 billion, according to SoSoValue data. Since the rally began on July 3, total net inflows into Ether ETFs have more than doubled from $4.25 billion to $8.32 billion.BlackRock’s iShares Ethereum Trust (ETHA) led Tuesday’s surge with $426.22 million in inflows, pushing its assets under management above $10 billion—the largest share of the ETH ETF market. Fidelity’s FETH came next with $35 million in net inflows.The 13-day streak also included record-breaking volumes on July 16 and July 17, with $726.74 million and $602.02 million in net inflows, respectively—the highest since Ether ETFs debuted.“Falling BTC dominance and growing institutional appetite for ETH exposure are driving this momentum,” said Vincent Liu, CIO of Kronos Research.Currently, $19.85 billion in assets are locked in Ethereum ETFs, representing 4.44% of ETH’s total market cap.Institutional Demand Could Outpace ETH Supply by 7xIn a post on X, Bitwise CIO Matt Hougan noted that while Ethereum’s market cap is about 19% of Bitcoin's, Ether ETPs hold just 12% of the assets of BTC ETPs—suggesting further room for ETH accumulation.“Between ETPs and companies adding ETH to balance sheets, demand could reach $20B over the next year—or about 5.33 million ETH at current prices,” Hougan estimated.By contrast, Ethereum’s network is projected to issue only 800,000 ETH over the same period, implying demand could outpace supply by nearly 7 times, potentially driving prices higher.On-Chain Activity Confirms Accumulation TrendOn-chain data also signals strong ETH accumulation. According to Lookonchain, five new wallets withdrew 76,987 ETH (~$285 million) from Kraken on Wednesday, indicating reduced exchange supply—a classic bullish signal.Bitcoin ETFs See $67M in OutflowsWhile Ethereum products posted strong gains, spot Bitcoin ETFs saw net outflows of $67.93 million on the same day. The biggest pullbacks came from:Bitwise BITB: -$42.27MARKB: -$33.18MGrayscale’s GBTC was the only Bitcoin ETF to register inflows, with a modest $7.51 million gain.This follows massive inflows earlier in July—$1.18 billion on July 10 and $1.03 billion on July 11—signaling possible profit-taking or a shift toward altcoin exposure amid declining BTC dominance.
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නවතම ක්‍රිප්ටෝ පුවත් ගවේෂණය කරන්න
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