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#etf Christine Kim, vice president at Galaxy Research, shares the latest update on the Ethereum Dencun upgrade timeline. The recently launched Devnet 11 is up and running. A Goerli shadow fork is also scheduled to occur.
Ethereum developers are most likely to launch a new devnet, Devnet 12, for further code testing.
As stated in a report detailing the latest Ethereum AllCore Developers Consensus Call, if developers do not work on updating client releases during the week of Devconnect, an Ethereum developer-focused conference in mid-November, Devnet 12 will likely launch sometime in early December.
Given these new estimates for testing, it seems unlikely that developers will also be able to launch the upgrade on the Goerli testnet in late November, as planned. Developers will most likely begin upgrading public Ethereum testnets after the holidays in Q1, 2024.
Ethereum fees soar 30%
According to on-chain analytics firm IntoTheBlock, total Ethereum fees climbed by 30% this week due to many smaller-cap tokens seeing a surge in on-chain trading volumes.
According to Santiment, at the start of November, Ethereum network growth reached its highest level in 24 days, while supply on exchanges fell to its lowest level since $ETH 's inception.
New Ethereum addresses surpassed 38,000 by the end of October, as the ETH #exchange supply fell further to 8.37%.
The Ethereum price increased to $1,875 on Nov. 2, which Santiment believes was helped in part by the highest "day" of new addresses established since Oct. 7. At the time of writing, ETH had fallen below that high and was down 0.09% in the last 24 hours to $1,808.#PYUSD #xrp #sbf

#etf Cardano (#Ada ) has managed to shine brightly amid a market rife with competition. A close examination of its recent chart dynamics provides investors with a comprehensive view of its ongoing ascendancy, marked by a series of positive indicators.
Starting off with #cardano 's ascending performance, a striking upward trajectory is evident. The coin has been on a steady climb, moving progressively higher with each successive candlestick. Such consistent bullish behavior often points toward strong investor confidence, and with $ADA , this sentiment appears to be robustly backed.
Source; tradingview
Coupled with its rising price, Cardano's trading volume too showcases an escalating pattern. Growing trading volumes, in tandem with bullish price movement, typically indicate that the rally is not just a mere blip but has solid ground beneath it. An increase in volume suggests that a larger number of traders are involved in the action, bringing more liquidity and, potentially, stability to the asset.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, remains stable for Cardano. A stable RSI in the context of an uptrend signals that the asset is neither overbought nor oversold, hinting at the sustainability of its current performance.
A critical point to note in Cardano's journey is its breakthrough of the 200-day Exponential Moving Average (EMA). Crossing this significant indicator often serves as a bullish sign, attracting a slew of new investors keen on riding the trend.
However, every rally must have its cooling period. While Cardano's performance is commendable, the surge will most likely witness a halt around its current price level. Such stabilization is essential to prevent the asset from entering overbought territory, ensuring the longevity of its bullish phase.
XRP's short-lived rally
$XRP has recently experienced a bullish rally. However, upon closer examination of its price chart, several indicators suggest that this positive momentum might be ephemeral.
The most prominent signal is the descending trading volume. Trading volume is an essential metric as it provides insights into the strength and sustainability of a particular price movement. A rising price, accompanied by increasing trading volume, generally suggests strong bullish sentiment. Conversely, a price surge with declining trading volume might hint at a potential reversal, or at the very least, a consolidation phase.
In #xrp 's case, despite its upward trajectory in price, the trading volume has been on a consistent downtrend. This divergence between price and volume raises eyebrows. It indicates that fewer traders are backing this bullish rally, which could mean that the rally lacks the necessary momentum to push forward. Once the current buyers exhaust their purchasing power, the absence of new traders to support the uptrend might lead to a pullback.
Ethereum fails to break through
Ethereum ($ETH ) recently experienced a setback as it attempted to break past a crucial resistance level depicted on its chart. This anticipated upward surge met with disappointment, as the cryptocurrency fell back shortly after reaching this point. However, for seasoned crypto analysts and investors, this is not necessarily a sign of bleak times ahead.
Upon closer examination, what we are witnessing with Ethereum might just be a continuation of the "cup and handle" chart pattern. This classic pattern, familiar to many in the trading world, often indicates a bullish trend following the completion of the pattern. The "cup" represents a round bottom, showcasing a consolidation phase, while the "handle" signals a slight downward trend before a potential breakout. In Ethereum's case, the recent dip could be forming the handle of this pattern, hinting at an impending upward move.#PYUSD

#etf U.Today presents the top three crypto news stories over the past day.
XRP achieves major breakthrough in Dubai
According to #ripple 's recent announcement on X platform, the Dubai Financial Services Authority (DFSA) has greenlit firms within the Dubai International Financial Centre (DIFC) to integrate the XRP token into their virtual asset services. Following acceptance by the DFSA, XRP will now be included on the list of cryptos already approved under the DFSA's virtual asset framework, along with BTC, $ETH and $LTC . In addition to providing XRP with legal and regulatory clarity in the DIFC, this achievement allows institutions within the DIFC to enable faster and more efficient global value exchanges.
"Time to pump assets": Arthur Hayes unveils his Bitcoin (#BTC ) plan
In a recent X thread, BitMex cofounder and crypto expert Arthur Hayes shared his opinion on the Fed's actions. Even though this governmental institution announced its decision to keep its rate within the range of 5.25% to 5.5%, Hayes expressed his concerns about inflation, pointing out that all inflation measures are currently higher than the Fed's 2% target. "Guess it's time to pump financial assets," concluded the expert, hinting at crypto's opportunity for growth and emphasizing the potential of Bitcoin. In another thread, Hayes stated that while the Fed might be tightening its policies, the broader U.S. government is loosening its monetary stance, suggesting that Yield Curve Control (YCC) might push prices to previously unheard-of highs, possibly even $1 million, per Bitcoin.
4.4 trillion SHIB withdrawn from major exchange, here's surprising destination
Data provided by Whale Alert blockchain tracker shows that on Wednesday, Nov. 1, a total of 4,464,530,677,374 $SHIB were withdrawn from Bitvavo to an undisclosed wallet. At the moment of transfer, this astonishing amount of meme tokens was valued at $33,914,658 in fiat. However, according to transaction details added later, it was found out that the receiving wallet also belongs to Bitvavo, which means that it was this #exchange 's internal transfer. Bitvavo has carried out several similar large SHIB transactions in the last two months to reshuffle its crypto balances. Additionally, Whale Alert has been spotting transfers of more than 4.3 trillion Shiba Inu carried out by whales' anonymous digital wallets.#PYUSD