Ethereum's upcoming Glamsterdam upgrade changes the long-standing rule that every basic ETH transfer costs a flat 21,000 gas units. Transfers to existing accounts will still cost 21,000 gas, but sending ETH to a new, never-before-used address will require an additional 183,600 units of "state gas" due to the need to create and store a new account. This breaks the assumption many wallets and blockchain services have relied on, which could cause fee miscalculations or rejected transactions. Developers warn service providers to update their software before the upgrade reaches Ethereum's mainnet after testing on several test networks.
Ethereum has lost about 12% in October, trading near a critical support level around $2,300. Despite attempts, it has struggled to sustain gains above $2,500, with institutional ETF withdrawals weighing on the price. A modest inflow recently hints at...
Ether dropped 4.38% to $2,297.96, slipping below the $2,300 support level, while Bitcoin fell 2.41% to $79,543 amid a broad retreat from risk affecting most major cryptocurrencies. The decline is driven by a lack of ETF inflows, significant liquidati...
Ethereum experienced its biggest daily exchange outflows in over four months, with 169,770 ETH leaving exchanges, signaling potential price recovery. However, early investors sold 4,000 ETH, and futures market data shows continued selling pressure. T...
Ether (ETH), the cryptocurrency of the Ethereum network, fell below the $2,350 level to $2,348 on the Binance spot market at 10:20 a.m. ET on October 24. This represented a $21 drop from $2,369 recorded 15 minutes earlier and a 0.79% decline over the...
Arthur Hayes, co-founder of BitMEX, sold about $22.28 million worth of Ethereum (ETH), ENA, and UNI tokens from his family office Maelstrom, citing macroeconomic and geopolitical risks. The sales included 6,400 ETH worth $15.2 million, with proceeds ...
