Author: msmark

A look back at 2023, and a glimpse at what lies ahead in 2024 2023 was an excellent year for the team behind the ethereum.org website, and its community — we already feel a little nostalgic, but it’s important to make space for celebrating the things the ethereum.org community helped us build in 2023 and continue the momentum in 2024. In that spirit, we prepared a recap with our 2023 highlights of the ethereum.org community — enjoy the reading! The highlights 📚 ethereum.org Translatathon 56 languages, 217 participants, and 1.47 million words (🤯) translated in a one-week online competition, the…

Ethereum developers have successfully deployed the Dencun update to the Sepolia testnet. The hard fork includes several tools that are designed to reduce fees on the Ethereum blockchain, while additionally providing new opportunities for bridges and stabilization funds. This was not the first attempt to deploy the update to the test network, however, as developers did not provide launch details, but noted that Sepolia has been updated to Dencun. Dencun is also implementing proposal EIP-4844, known as “proto-danksharding.” It is designed to scale the network by creating a new transaction type to store more data. The developers expect that the update…

The Securities and Exchange Commission (SEC) is poised to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with the expectation that approval will be granted on the initial final deadline of May 23, as per Standard Chartered Bank analysis. Ethereum ETFs Face Delays, Approval Remains Likely According to a report by The Block, Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, stated that they expect pending applications for spot Ethereum ETFs to be approved on May 23, which is considered the equivalent date to January 10 for…

A look back at 2023, and a glimpse at what lies ahead in 2024 2023 was an excellent year for ethereum.org and its community — we already feel a little nostalgic, but it’s important to make space for celebrating the things the ethereum.org community helped us build in 2023 and continue the momentum in 2024. In that spirit, we prepared a recap with our 2023 highlights of the ethereum.org community — enjoy the reading! The highlights 🛣️ Protocol roadmap: (almost) everything in one place In Q1 2023, we launched the Ethereum roadmap page — a comprehensive hub detailing Ethereum’s protocol…

Geoffrey Kendrick of Standard Chartered Bank predicts the SEC’s approval of U.S. Ethereum ETFs by May 23. Starting with initial rejections before granting approval, Standard Chartered foresees parallels for the Ethereum ETF with the SEC’s approach to Bitcoin ETFs. Geoffrey Kendrick, who leads the bank’s forex and digital assets research, believes Ethereum ETFs in the U.S. will get the green light in late May. Kendrick compares this situation to what happened with Bitcoin ETFs and thinks Ethereum’s price (ETH) may reach $4,000 by that date due to hype. Kendrick’s confidence comes from the fact that the SEC hasn’t treated Ether…

Standard Chartered Bank has projected that the U.S. Securities and Exchange Commission (SEC) will give the green light to spot Ethereum exchange-traded funds (ETFs) by May 23, The Block reported Jan. 30, citing a research report.This expectation mirrors the timeline and approach previously seen in the SEC’s approval process for spot Bitcoin ETFs.Ethereum’s classificationAccording to Geoffrey Kendrick, the head of forex and digital assets research at Standard Chartered, the approval of Ethereum ETFs seems likely given the SEC’s previous stance on ETH.Unlike certain cryptocurrencies that have been classified as securities in legal actions against crypto firms, Ethereum has avoided such…

International payment giant PayPal has completed its first investment using its stablecoin PayPal USD (PYUSD). In a press release on Jan. 29, the San Jose-headquartered payment company said that its investment branch, PayPal Ventures has thrown its support behind Mesh, a crypto-focused cybersecurity startup that uses PYUSD, an Ethereum-based stablecoin. This move marks the first time that PYUSD has been used as a funding instrument. The specific financial details are undisclosed. However, the company pointed out that the investment was made “almost entirely” in PYUSD, funds transferred on-chain utilizing Mesh’s Application Programming Interfaces (APIs), PayPal added. “As the world of…

On Jan. 29, Chainlink Labs and Protocol Labs announced a partnership to enrich the Chainlink BUILD program, designed to amplify dApp development by aligning incentives across various ecosystems. Through this alliance, members of the Chainlink BUILD program will gain access to various developmental tools, services, and specialized support, including options for decentralized storage and engineering aid. .@protocollabs and @chainlinklabs have entered into a strategic alliance. This alliance will help #Chainlink BUILD members access various developer tools, services, and support, including decentralized storage credits and engineering support.— Chainlink (@chainlink) January 29, 2024 Protocol Labs, with its extensive network of more than…

Maker Protocol tops the list in terms of revenue generated over the past month as Total Value Locked in the protocol witnesses swell. According to data provided by Defi Llama, Maker Protocol generated $14.22 million in revenue — also collected the same amount in fees — in the past 30 days. However, The DAI stablecoin generator’s TVL witnessed a 6.3% decline in the same timeframe, falling to $7.98 billion. Defi protocols’ revenue – Jan. 30 | Source: Defi Llama The leading defi protocol, Lido Finance, with a $21.8 billion TVL, accumulated $71.11 million in fees, per the data aggregator. The…

The decentralized platform Pendle Finance sees a surge in liquidity crossing the $500 million threshold on the heels of a deal with Ondo Finance. Pendle Finance’s native token PENDLE is up over 18% following a deal with Coinbase-backed protocol Ondo Finance, which revealed in an X post on Jan. 29 that its users can now leverage the “composability of our tokenized cash equivalents.” While specific details regarding the collaboration remain undisclosed, the announcement has seemingly played a role in fostering positive sentiment within the Pendle community. According to DefiLlama data, the total value locked (TVL) in Pendle Finance set a…