Ethereum Price Spikes on Eve of EIP-1559 Network Upgrade
The London hard fork incorporates EIP-1559, which will put deflationary pressure on ETH.
The London hard fork incorporates EIP-1559, which will put deflationary pressure on ETH.
EIP-1559 is a big upgrade to Ethereum, promising to rein in its volatile gas fees. But what does it mean for the network and its users?
“First Mover” dives into today’s top stories, including the industry’s response to SEC Chair Gary Gensler’s remarks regarding cryptocurrencies, stablecoins, DeFi platforms and more. Also, the latest on the Ethereum…
Although the world’s largest digital asset manager with almost $35 billion under management, Grayscale, will likely not have the first Bitcoin ETF approved in the U.S., it is not planning…
Bitcoin is in wait-and-see mode as the dollar trades near two-month lows on warnings that the Fed would continue its stimulus programs.
Bitcoin buyers could maintain support above $36K.
Also: ETH is on a 12-day winning streak in the run-up to the London upgrade.
Google has relaxed its restrictions on some crypto-related ads—but decentralized finance protocols and exchanges remain outlawed.
“The EIP-1559 upgrade is overrated,” one trader said.
Optimism is still rampant despite intraday losses accelerating on BTC/USD, which is targeting giant buyer support at $36,000.