Ethereum (eth) experiences an important rebound with the implementation of the sicking update

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  • Ethereum’s participation limit has risen to 2,048 ETH per validator as the sicking update is launched.
  • The ETH price has risen 7.3% to $ 1,966.
  • The historical strength and infraval of May indicate a possible rebound.
  • Ethereum (eth) has risen abruptly in the hours after the launch of its Pretra updatemarking the greatest gain of cryptocurrency in a single day in months.

    Ethereum validator transformation with the sicking update

    The sicking update, activated on May 7, introduces an increase in the maximum participation limit to 2,048 ETH per validator, which speeds up operations by reducing the need for multiple nodes configurations.

    By allowing validators to bet larger sums in a single account, Ethereum hopes to attract institutional participants and simplify the rewards capitalization process for networks of all sizes.

    This important staking improvement is accompanied by eleven specific Ethereum improvement proposals designed to strengthen the stability of the network, scalability and flexibility of developers within decentralized applications.

    Tim Beiko, supervisor of the meetings of the central protocol, described to Pin as the second largest update after the merger, highlighting its potential to redefine the economy of staking and the efficiency of validators throughout the ecosystem.

    The abstraction of the account, an outstanding feature of pein, allows users to pay transaction rates with tokens beyond ETH, which promises greater comfort for the user, but also introduces new safety considerations.

    The threat researcher Vladimir S. has warned users to verify the sources of messages diligently and use wallets with advanced protections when they interact with the abstraction of accounts to avoid exploits of malicious contracts.

    The Ethereum development team emphasized a 24 -hour monitoring period after activation to identify and address any problem quickly, reflecting a proactive position on the safety and reliability of the network.

    After the Dencún update, which reduced the costs of layer 2, even more consolidated Ethereum’s commitment to continuous improvement when addressing infrastructure challenges and for the user.

    As the validators begin to configure the automatic capitalization of rewards under the new limit, the smallest stakeholders can benefit from an optimization of performance without interruptions that were only available for larger operations.

    The refined Staking Architecture could lead to a more decentralized distribution of validation power, which could mitigate the concentration risks that have worried community members.

    Ethereum price perspective (eth)

    Coinglass data They indicate that Ethereum has generated an average yield of almost 28% in May since 2016, which reinforces the optimism that this month could reverse a five -month performance streak.

    Cryptoquant’s valuation metrics highlight that ETH currently seems extremely undervalued compared to BTC, suggesting that market forces could soon realize the pair if demand is recovered.

    In the hours after the launch of Pin, Ethereum has risen 7.3%, reaching the USD 1,966.11 and pushing its market capitalization above the USD 237 billion in the middle of high negotiation volumes that exceed USD 58 billion.

    With Bitcoin’s domain around 63.9%, Altcoins investors see the update as a weird catalyst that could change the impulse to Ethereum and other layer 1 networks.

    Tracy Jin, director of Operations of Mexc, has described to Pin as an opportunity to “change the script in favor of the Altcoins”, underlining the market appetite for substantial improvements in the protocol.

    Despite the short -term bullish potential, some analysts warn that the pressure of the offer and the stagnant activity in the chain could moderate any rebound if the sustained demand does not materialize in the coming weeks.



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    Coinbase achieves an important victory while the SEC prepares to withdraw demand

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    • Coinbase says that the SEC agreed to dismiss its demand against the exchange of cryptocurrencies based in the US.
    • The SEC demanded Coinbase in 2023, but with the departure of Gary Gensler, the regulator is looking for a better regulatory approach.

    The American cryptocurrency exchange platform Coinbase is ready for a historical event after the Bag and Securities Commission (SEC) allegedly agreed to dismiss its own demand against the platform.

    Coinbase announced the great news in a Blog post Friday, February 21. The executive director of Coinbase, Brian Armstrong, also shared the event in a interview With CNBC Squawk Box.

    “The SEC staff agreed in principle to dismiss their case of illegal execution against Coinbase, subject to the commissioner’s approval, correcting an important error,” wrote the legal director of Coinbase, Paul Grewal.

    The executive director of Coinbase, Brian Armstrong, also shared the news through X.

    The sec and coinbase are updated

    According to the Exchange, the regulator’s decision to withdraw the case is produced after an agreement that does not imply any economic sanction against Coinbase.

    The next step is that the SEC commissioners ratify the agreement and end an important legal obstacle that made the US cryptocurrencies backward. UU.

    “While dismissal will be a great victory for the rule of law, and a clear claim of our position, especially will be a victory for the entire industry and the 52 million Americans who have had a digital asset,” Grewal added.

    The SEC filed its lawsuit against Coinbase in 2023, accusing the Exchange of operating an unregistered bag of values. Demand also included accusations of offering unregistered values. Coinbase challenged the charges and requested a dismissal, and the industry actors criticized the then president of the SEC, Gary Gensler, to overreach in the midst of a regulation approach per application.

    It should be noted that the SEC had also sued Binance, the world’s largest cryptocurrency exchange by volume of operations. Another exchange that is in the sights of the “dishonest” agency is Kraken.

    However, things in the stock control agency have taken a favorable turn to cryptocurrencies since the choice of Donald Trump and the departure of Gensler and other commissioners.

    The interim president Mark Uyeda has formed a working group on cryptocurrencies and has renamed a compliance unit amid the search to balance compliance and the need to protect investors.



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