Ethereum's gas fees have dropped to an average base fee of 0.0673 gwei over the past 24 hours, about one-sixth of the weekly average, reflecting half-empty blocks and reduced network activity. This low fee means transaction costs are minimal, benefiting users moving ether or tokens, but it also indicates weak demand on the network. The burn rate of ether, which offsets new issuance, has fallen to just 0.49 percent, allowing the ether supply to grow at 0.886 percent annually. Despite cheap gas, the Ethereum price remains stable around $2,500, with market direction likely influenced by upcoming US consumer price data and fund flows rather than network fees alone.
Ethereum base fee and network activity provide context for readers. For those tracking cryptocurrency markets, 35 of 50 major cryptocurrencies rose today. Notable movers include AVAX at Rp193.915 with a 3.43% gain and 71% buy orders, COTI at Rp241 up 3.42% with 75% sell orders, and GRT at Rp502 rising 3.28% with 77% sell orders. Data is as of Oct 12, 2026 01:01 WIB.
Stellantis revealed six concept cars from its iconic brands at an exclusive event before the Paris Motor Show, highlighting its FaSTLAne 2030 strategy focused on innovation, customer experience, and diverse mobility solutions. These concepts, includi...
Freenome announced improved clinical validation results for its updated SimpleScreen™ CRC blood test, showing an 18.2% sensitivity for advanced precancerous lesions (APLs), up from 13.7% in the original test. Sensitivity for high-grade dysplasia APLs...
BridgeBio Pharma announced that encaleret, a treatment for autosomal dominant hypocalcemia type 1 (ADH1), increased bone turnover and improved patient-reported symptoms in the Phase 3 CALIBRATE trial. 100% of patients on encaleret reported symptom im...
Strategy announced it repurchased $176 million of its STRC preferred stock while acquiring 334 BTC in Q3 2026, reporting a $21 billion gain on digital assets. Michael Saylor confirmed that Bitcoin purchases will continue, framing the STRC buyback as ...
Papertrade has tightened limits on new trading exposure for its synthetic Bitcoin and Ether contracts after alleging that prices on Hyperliquid, used as a reference, were targeted for manipulation. The platform initially allowed up to $1 billion in o...
