#eip-1559

[basechop]

Title: Ethereum's Regulatory Outlook: Insights from Gensler and SEC

- Insights from Gensler on Ethereum's Regulatory Status During recent Congressional hearings, Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), refrained from offering his stance on whether Ethereum poses a security risk. This silence contrasts with the stance of former SEC official William Hinman, who dismissed Ethereum's classification as a security back in 2018. Kevin de Patoul, shedding light on the matter, highlighted Gensler's reticence on Ethereum's regulatory status, despite past clarifications from the SEC. - Ethereum's Security Status Amid Regulatory Scrutiny In the realm of regulatory scrutiny, Ethereum's classification as a security remains a contentious issue. While Gensler sidestepped the question during recent Congressional hearings, insights from William Hinman's 2018 speech provided contrasting views. This ambiguity underscores the ongoing debate surrounding Ethereum's regulatory standing. - Ethereum's Price Surge and Regulatory Implications The recent surge in Ethereum's price to $3000 has triggered discussions on its regulatory implications. Keyrock's CEO emphasized that Ethereum's transition to a Proof-of-Stake model may influence its regulatory categorization by the SEC. Furthermore, the excitement surrounding potential spot ETF approvals and the impending EIP-1559 upgrade has fueled speculation on Ethereum's future regulatory landscape. - TD Cowen's Forecast: Ethereum ETF Approval by 2025 Amidst these regulatory deliberations, TD Cowen has forecasted the approval of Ethereum ETFs by the end of 2025. This projection adds to the evolving narrative surrounding Ethereum's regulatory journey and its impact on the broader cryptocurrency market. Read the full article

[basechop]

Unlocking the Altseason: Insights from Analysts Van de Poppe and Olshewicz

- Altseason on the Horizon: Analyzing Market Dynamics Determining the onset of the altcoin season poses a challenging task. However, renowned analysts Michael Van de Poppe and Josh Olshewicz shed light on the mechanisms driving altcoin rallies, emphasizing the significance of market cycles, technological advancements, and macroeconomic events. - Navigating the Altcoin Season: What Investors Need to Know As Bitcoin (BTC) recently surged to $53,000, market participants turned their attention to the potential peak and subsequent shift towards altcoins. Van de Poppe highlighted Ethereum's (ETH) strength as a precursor to this shift, emphasizing the upcoming EIP-1559 upgrade and the potential launch of a spot exchange-traded fund (ETF), factors poised to enhance the asset's utility and attractiveness to investors. - Evolving Concept of Altseason: Trends and Opportunities The concept of altseason has evolved since its inception in 2017. Now, it not only signifies a general market uptrend but also selective investments in promising ecosystems like Solana, Injective Protocol, and Render Protocol. Van de Poppe anticipates that the upcoming altcoin season will favor such projects, particularly Ethereum, given its recent underperformance and forthcoming improvements. - Analyzing Historical Patterns: Insights from Market Data Josh Olshewicz highlighted a recurring pattern observed in previous cycles. The total market capitalization of altcoins tends to catch up with and surpass Bitcoin's capitalization post-halving. This phenomenon underscores shifts in investor sentiment and capital allocation within the cryptocurrency market. - Anticipating Altcoin Season: The Role of Ethereum ETFs Olshewicz suggested that the anticipation of Ethereum ETF launches could accelerate the onset of the altcoin season and expedite capital reallocation processes. - Conclusion: Navigating Market Dynamics Van de Poppe and Olshewicz's insights underscore the importance of navigating the cryptocurrency market effectively. Recognizing signs of Bitcoin consolidation, the impact of technological advancements, and broader economic indicators influencing market cycles are key to maximizing opportunities in this dynamic landscape. Read the full article

[btcmanager]

Nearly $1 Billion in Ether (ETH) Burned Since EIP-1559 Launch

Nearly $1 Billion in Ether (ETH) Burned Since EIP-1559 Launch

The total amount of ether (ETH) burned by EIP-1559 has so far surpassed 214,000. NFT marketplace OpenSea has burned the highest amount of ether since EIP-1559 went live, while DeFi yield farming protocol, Uniswap (UNI) has burned nearly 1k ETH in the past 24-hours alone. Over 200k ETH Burned Despite initial criticisms from Ethereum miners,Read More

https://btcmanager.com/1-billion-ether-eth-eip-1559-launch/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

[btcmanager]

Kevin O’ Leary: Ether On Track to Become Ultrasound Money 

Kevin O’ Leary: Ether On Track to Become Ultrasound Money 

Kevin O’Leary has stated categorically via Cameo on August 9, 2021, that he thinks the successful implementation of the EIP-1559 and the impending transition of the smart contracts blockchain to the proof-of-stake (PoS) consensus will make Ethereum’s ether (ETH) an “ultrasound” deflationary money. O’Leary Predicts Ether’s (ETH) Deflationary Future Kevin O’Leary, a one-time staunch criticRead More

https://btcmanager.com/kevin-o-leary-ether-on-track-to-become-ultrasound-money/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

[coin86info]

Tổng hợp sự kiện Nâng cấp EIP-1559 (Hard fork London) của Ethereum - Coin86 Info

Như vậy, sau rất nhiều chờ đợi, cuối cùng thì nâng cấp EIP-1559 có trong hard fork London của Ethereum cuối cùng cũng đã được triển khai lên mainnet thành công. Vậy toàn bộ quá trình đó đã diễn ra như thế nào, hãy cùng điểm lại sự kiện này nhé

[cryptonewseye]

Bullish Ethereum Fractal Appears As Important EIP-1559 Upgrade Debuts

All eyes today are on Ethereum as the long-awaited EIP-1559 launches for the first time. The supply-focused update could result in a the start of a spectacular show that could last another several months. A fractal has potentially appeared that mimics the price action just ahead of the most recent explosive Ether rally, which took the top altcoin by market cap from below $1,000 to more than $4,000 at the peak. And it all is happening as the London hard fork is implemented into the most important blockchain in the space. What Is EIP-1559 And Why Does It Matter? Today, Ethereum Improvement Protocol 1559 will be set live as part of the London hard fork. The upgrade will help to normalize ETH gas fees that during the peak NFT and DeFi boom of 2021, sent costs skyrocketing. Base fees will be algorithmically determined by the network, however, the user can also increase the fee to in essence “tip” a validator. To prevent validators from artificially flooding the network to keep fees high, validators don’t get this base fee, instead it is burned. By destroying coins and taking them out of the circulating supply, investors believe this can further impact the ongoing “supply shock” or lack of ETH reserves on exchanges currently. In addition to this new EIP-1559 upgrade that could impact supply, it is part of a greater Ethereum 2.0 update. More than 5% of the entire supply is now locked up in the ETH 2.0 smart contract, in addition to the massive amount of tokens tied up in DeFi protocols. With so few ETH to go around, the supply shock could be very real and it arrives at the same time that a potential fractal is appearing on the ETHUSD price chart. Does an Ether fractal point to another parabolic rally? | Source: ETHUSD on TradingView.com Supply Shock Ethereum Fractal Fits Blueprint To Substantial Highs Ethereum was among the cryptocurrencies hit the hardest from the historic Q2 selloff. From the exact peak to the low, the second largest coin in the space by market cap plummeted by 61.8%. Related Reading | The Ominous Ethereum Comparison That Will Leave Bulls Petrified The peak was followed by two consecutive bumps, followed by a break of downtrend resistance. Zooming out, shows that the same exact pattern formed just ahead of the cryptocurrency’s more than 1,000% rally. Taking the price action on the way up and juxtaposing it over the recent consolidation, and there’s a very similar trajectory potentially forming. Could the EIP-1559 upgrade cause an extended fifth wave? | Source: ETHUSD on TradingView.com Zooming out further, the entire structure fits and five-wave bullish impulse according to Elliott Wave Theory. Even the math adds up. Waves 1, 3, and 5 move up with the primary trend, while even numbers 2 and 4 are corrective phases. Related Reading | Fundamentals Suggest Cryptocurrency Is Massively Undervalued Waves 2 and 4 tend to swap in severity, with wave 2 this time falling under the weaker of the two. The top altcoin only then suffered a 38.2% drop – another Fibonacci retracement level. Wave 4 reached the full 61.8% in severity, and if the bottom is in, a whopping wave five could be next. Wave 1 resulted in 450% returns, and wave 3 added another 1300% to boot. An extended wave 5 could yield dramatic results. Is this what is to come next for Ethereum and could it be due to the EIP-1559 upgrade? Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

[newsbtc-com]

Bullish Ethereum Fractal Appears As Important EIP-1559 Upgrade Debuts