Cryptocurrency markets are trading relatively flat but clinging to the green zone. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,031 +0.5% Ethereum (CRYPTO: ETH) $2,432 -0.7% Solana (CRYPTO: SOL) $145.8 -0.02% Dogecoin (CRYPTO: DOGE) $0.11 -1.2% Shiba Inu (CRYPTO: SHIB) $0.00001778 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 36% and daily active addresses inching higher by 0.3%.

Some have expressed concerns about the upgrade's impact on solo stakers, noting that shorter block times may require more powerful hardware.

Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.

ETH off to a bullish start during the weekend, but weak momentum suggests low interest in the cryptocurrency.

Bitget promised that it will fully compensate traders of its BGB token, shortly after the asset's value plummeted and then quickly rebounded.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently displayed signs that its price may be stabilizing after a period of volatility. This situation comes in the wake of heightened geopolitical tensions in the Middle East, which have affected investor sentiment across the crypto market.

Ethereum co-creator Vitalik Buterin is donating 100 ETH to bolster the legal defense fund of Tornado Cash developer Roman Storm. In a new thread on the social media platform X, Storm – who helped launch the anonymous ETH-based crypto mixing protocol in 2019 – expresses his gratitude to Buterin for his continued support.

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TL;DR Activity on Ethereum scaling solutions has dropped, while Coinbase's Base network continues to rise. The combined throughput of Ethereum's Layer 2 and Layer 3 networks dropped to its lowest level since June. Arbitrum and Linea have experienced significant declines in active users, with drops of 62% and 87%, respectively.

Ethereum (ETH) has experienced a modest 1% price increase over the past 24 hours, reflecting the broader cryptocurrency market's uptrend. This rebound comes after a week-long decline, largely attributed to political tensions in the Middle East.

Despite a decrease in preference from 94% in 2023 to 87% in 2024, Ethereum remains the top choice for crypto whitehat hackers.

Ethereum reaches a four-day high, trading at $2,484.46. A whale transaction of 29,732 ETH adds to market activity.

Ethereum co-founder Vitalik Buterin has sold 10 billion MOODENG tokens and donated over $640,000 in proceeds to his biotech charity fund, Kanro. The move aligns with Buterin's consistent stance on memecoins, advocating for charitable contributions from token proceeds.

The price of the cryptocurrency market's largest altcoin, Ethereum (ETH), seems to be coming back to life today after a period of disappointing performance. It is worth noting that this disappointment is not with Ethereum itself, which still correlates with the general market, but rather with expectations of market participants.

Ethereum developers have introduced a new proposal for the network, dubbed EIP-7781. This proposal will significantly change the rate of new blocks on the network.

A new Ethereum Improvement Proposal (EIP), EIP-7781, introduced on October 5 by Illyriad Games co-founder Ben Adams, could significantly boost Ethereum's transaction throughput by reducing the network's slot time from 12 seconds to 9 seconds. The proposed change is aimed at increasing transaction throughput by approximately 33%.

A new week has started positively for most of the coins, according to CoinMarketCap.

As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion.

Some 63% of web3 whitehats now consider hacking to be their primary job, up from 56% in 2023, according to Immunefi.

Vitalik Buterin appears to have sold 10 billion MOODENG tokens and donated over $640,000 worth of crypto to his biotech charity fund.

Ethereum's price has been consolidating in a wide range above the $2,000 mark. Yet, things might change soon.

TL;DR EIP-7781 aims to reduce Ethereum block times from 12 to 8 seconds, potentially increasing transaction throughput by 50% and enhancing network efficiency. The proposal includes increasing blob capacity, which helps lower fees for layer-2 solutions and distributes bandwidth usage more evenly, resulting in smoother performance and lower latency.

After a strong bearish pullback, the Solana price has made a significant recovery over the past few days. Moreover, by adding ~16% to its valuation during the last 30 days, it has outperformed the Ethereum price by ~8.5%. This highlights the increased adoption of SOL prices in the market.

Here's how Ethereum plans to increase its throughput capacity and compete with Solana.

Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.

Ethereum (ETH) has made headlines once again, this time due to a noteworthy decline in the number of large holders, commonly known as “whales.” These whales, defined as individuals or entities holding more than 10,000 ETH, have seen their numbers fall by over 7% since July.

On October 5, 2024, a new Ethereum improvement proposal, known as EIP-7781, was introduced by Ben Adams. This proposal aims to reduce the block time from 12 seconds to 8 seconds, thereby increasing the network throughput by 50%.

The Ethereum community is evaluating Ethereum Improvement Proposal (EIP) 7781, which aims to increase network throughput by reducing slot time. On Oct. 5, Ben Adams, co-founder of Illyriad Games, introduced a proposal to lower Ethereum's slot time from 12 seconds to 8 seconds, which would boost transaction throughput by about 33%.

Ethereum may speed up its slot time, decreasing latency from 12 seconds to 8 seconds. The higher throughput would mostly benefit L2 chains and possibly decrease gas fees.

Ethereum co-founder Vitalik Buterin has demonstrated his continued support for Tornado Cash developer Roman Storm by donating an additional 100 ETH, valued at approximately $240,000, to Storm's legal defense fund. This marks the third contribution from Buterin, bringing the total amount raised for the fund to over 327 ETH.

Solana outperforms Ethereum with a 6.39% price increase since June, while Ethereum drops 30.13%, reflecting shifting investor preferences and network dynamics in the cryptocurrency market.

Ethereum (ETH) eyes a 35% breakout as it consolidates within a bullish ascending triangle, supported by network upgrades from EIP-7781 and improving macroeconomic conditions.

EIP-7781 aims to decrease block times on Ethereum from 12 seconds to 8 seconds. Increased blob capacity will help lower layer-2 network fees.

By reducing the block time to 8 seconds, the EIP-7781 proposal will increase the latency of based rollups while boosting the capacity of blobs.

EigenLayer (EIGEN), a prominent Ethereum restaking protocol, has moved quickly to address concerns after an investor lost approximately $5.7 million worth of EIGEN tokens.

A new proposal, named EIP-7781, has been introduced in Ethereum. It is expected to considerably reduce block times from 12 seconds to 8 seconds – almost by 50%. If the proposal archives the expected outcome, it would provide a strong boost to the network.

Solana price has recovered, with the entire crypto market gaining 4.5% in the last 24 hours and briefly surpassing $150 before retracing to its current price of $149. Further, the SOL price has broken out against Ethereum, which is usually a precursor for outperformance moving forward.

A new Ethereum proposal, EIP-7781, suggests reducing Ethereum's slot time from 12 seconds to 8 seconds in a bid to boost throughput.

EIP-7781 seeks to cut block times by 33%, enhance data capacity, and potentially increase network throughput by 50%.

Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance.

Here's BlackRock's insights and selling points for BTC and ETH.

If approved, EIP-7781 will reduce block times from 12 seconds to 8 seconds, increase blob capacity, and make decentralized exchanges slightly more efficient.

Leading cryptocurrencies rallied Sunday overnight as investors remained optimistic following a healthy employment report. Cryptocurrency Gains +/- Price (Recorded at 8:45 p.m.

At the time of writing, metrics flashed mixed signals for ETH's potential local bottom and recovery.

Ethereum whales holding more than 10,000 ETH have fallen by over 7% since July.

Ethereum and Bitcoin, two of the world's largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling.

The Ethereum price surged 1.03% during the low-volatility Sunday trading session to currently trade at $2,438.The upswing market is a recovery from weekday selling pressure fueled by a war-like situation between Israel and Iran. Will the correction trend extend as ETH L1 fees record an all-time low, promoting a reverse from the prior deflationary trend?