Decoding Ethereum’s ‘Consensus-layer Call 90 Agenda’ for trading focus

📆 7/3/2022 1:33 PM
📰 CryptoAmb

⏱ Reading Time:
57 sec. here
2 min. at publisher
📊 Quality Score:
News: 26%
Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Briefs on the latest Ethereum Consensus Call have been released. It includes important notifications about the network and its progress toward the Merge. The Merge awaits Christine Kim, a research associate at Galaxy Digital, compiled a brief about the latest Consensus- Layer Call held on 30 June. The meeting was attended by several core Ethereum […]

The major news coming out was regarding the Sepolia activation. Kim confirmed that the Merge activation on Sepolia could come up by 3 July. Sepolia will be the second of three public testnets to run through the Merge. After Sepolia, developers will only have the Goerli testnet before moving onto Ethereum mainnet.

The brief also claimed that Ethereum has its eighth mainnet shadow fork to test the Merge coming up. Developer Marius Van Der Wijden updated on the smooth transition of the Gray Glacier hard fork.Where is ETH in the mix? In light of the above-mentioned developments, it’s time for investors to be aware of all the on-chain developments which have been taking place on the Ethereum blockchain.

The metrics on the Ethereum network signal a concerning trend despite recent improvements. The native ETH suffered a great deal during the crypto crash in June. And, is in further danger of going down again. This has reflected well on the on-chain metrics. The MVRV ratio of Ethereum has dropped from its levels observed on 25 June. But on a broader scale, there has been a stark improvement from the height of the crash. Overall, this is still an underperforming metric on Ethereum.Another concerning variable was the social dominance metric which has continued to show limited progress. This time around, social media discussions related to Ethereum were less. However, a pump in the metric has been observed post 2 July.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OpenSea Ethereum, Polygon report card for June; stats might shock youWhile NFT enthusiasts continue to bask in the euphoria of the 2021 boom in the ecosystem, the general downturn of the cryptocurrency market continued to affect the sales volume of NFTs in the last few months. According to data from NFTgo, the total sales volume of NFT collections across marketplaces saw a 61% decline in […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum traders should know this reason behind ETH’s latest sell-offEthereum [ETH] concluded June with a 27% bearish push in the last five days of the month after enjoying a brief relief rally. The bearish end of June resulted in the token dropping below $1,000, followed by a pullback. Could this be a sign of a strong buy wall within the $1,000 price level? June […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Where Ethereum Name Service stands after 66% decline from registrations in MayAs June ended, crypto service providers embarked on assessing the performances of various platforms. One leading platform that recorded disappointing numbers in the last 30 days was the Ethereum Name Service [ENS]. The domain name service provider saw an index of 122,000 new .eth registrations in June. These represented a 66% decline from the 365,000 […]
Source: CryptoAmb - 🏆 22. / 68 Read more »