Ethereum (ETH) funding rate has hit the highest level since March following a price increase above $3,400 earlier today. However, while ETH's price has since dropped, the bullish sentiment around the altcoins has remained elevated.

Cryptocurrency markets are trading higher, with Bitcoin ETFs recording another strong trading day. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $89,117.97 +3% Ethereum (CRYPTO: ETH) $3,279.31 -0.8% Solana (CRYPTO: SOL) $213.08 -2.4% Dogecoin (CRYPTO: DOGE) $0.3846 +20.5% Shiba Inu (CRYPTO: SHIB) $0.00002644 -3.3% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 60.7% and daily active addresses growing by 17%.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

According to a report by hedge fund Syncracy Capital, Solana now rivals Ethereum in almost every economic metric.

​​Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.

Vitalik Buterin had previously explained that the foundation's ETH sales are essential for funding developers, research, and other Ethereum ecosystem advancements.

After a week-long bullish rally, the crypto market took a slight cool-off during Tuesday's U.S. market session. As a pioneer digital asset, Bitcoin plunged 2%, the Ethereum price followed by nearly 3.5%, projecting a relief pullback for buyers to recuperate the exhausted bullish.

Ether's funding rate soared to an 8-month high, but is it a sign of a strengthening rally or an impending price correction?

Ethereum researcher Justin Drake introduced a proposal to overhaul Ethereum's consensus layer, called the “Beam Chain.” This redesign, pitched to a packed house at Devcon Bangkok today, aims to modernize a part of Ethereum's core infrastructure while maintaining compatibility and decentralization.

Blockchain researcher Justin Drake unveiled the Ethereum Beam Chain concept during Devcon in Bangkok. This proposed overhaul aims to consolidate several key advancements in the network.

Blockworks co-founder Jason Yanowitz sees the cryptocurrency market moving into the most thrilling phase of a four-stage bull market. What Happened: Yanowitz outlined the typical bull market phases in a thread on X: Stage 1: Rebirth (Jan 2023-Jan 2024) Stage 2: Excitement (Feb 2024 through last week) Stage 3: Euphoria (currently) Stage 4: Disconnection (still to come) The founder noted that the “Excitement” phase could see some coins near all-time highs, without new players coming or existing players leaving.

TL;DR Zerion launches ZERO Network, a Layer 2 on Ethereum that eliminates gas fees to improve the user experience. ZERO Network uses account abstraction and a dynamic scoring system, Onchain DNA, to enable free and secure transactions. Zerion has received funding from angel investors, including well-known figures in the crypto ecosystem, to support its development.

The Ethereum Foundation sold 100 ETH for DAI, marking its first ETH sale since releasing its annual report. The sale is part of the foundation's strategy to fund public projects and maintain its financial reserves.

The Ethereum Foundation sold $340,000 worth of 100 ETH again on November 12 – a controversial activity among Ethereum investors. However, a smart money trader has absorbed 100 times more of this sell pressure in a $34 million purchase.

Lisk will be looking to leverage the airdrop to attract new users and build a stronger connection with its community.

An OG Ethereum (ETH) trader is shaking the crypto world with a bold bet. The trader is converting some Ethereum and Solana (SOL) holdings into PropiChain (PCHAIN). The legendary trader predicts that PropiChain will surge 20,000% by January 2025. This means a $1,000 PCHAIN investment will be valued at $200,000.

StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.

Justin Drake proposes “Beam Chain” to modernize Ethereum's consensus layer. Beam Chain aims for faster transaction finality and lower validator stake requirements.

Ethereum researcher Justin Drake teased a new proposal aimed at improving Ethereum's scalability while presenting his “ambitious” strategy for the Beacon Chain roadmap.

Ethereum Foundation researcher Justin Drake has introduced a transformative proposal for a new consensus layer upgrade called the “Beam Chain” during his Nov. 12 presentation at DevCon in Bangkok. The Beam Chain is a complete overhaul of Ethereum's consensus layer, which would move the blockchain network closer to its final architecture.

Raoul Pal, CEO of Real Vision, has suggested that Ethereum (CRYPTO: ETH) could benefit more than Bitcoin (CRYPTO: BTC) under Donald Trump's administration. Raoul Pal is set to discuss these insights and the future of Ethereum and Bitcoin at Benzinga's Future of Digital Assets event on Nov. 19.

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, has recently experienced a dramatic surge in value. In just eight days, ETH's price has soared by 41%, reaching $3,332 on Tuesday, November 12.

The first truly positive week since their launch, which for now remains a half flop.

ZERO Network, an Ethereum Layer 2 that allows Zerion Wallet users to trade, mint, swap and bridge without paying gas fees, has launched.

TL;DR Justin Drake proposes a “Beam Chain” to replace Ethereum's current Beacon Chain. The proposal would reduce staking requirements from 32 ETH to just 1 ETH. The new chain seeks to optimize consensus design and improve accessibility.

Bluntz, the insightful analyst renowned for his accurate forecast of the 2018 Bitcoin bear market bottom, is once again capturing attention with his latest bullish outlook. Bluntz has shared his optimistic targets for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in the current bull market.

The Beam Chain plan could significantly enhance Ethereum's scalability, security, and efficiency, potentially reshaping blockchain technology. The post Ethereum researcher unveils Beam Chain plan to overhaul consensus layer by 2027 appeared first on Crypto Briefing.

Ethereum's recent rally sparks hopes of a new ATH, fueled by rising trader activity and institutional support, though overbought signals warrant caution.

The SEC has postponed the decision regarding the approval of the NYSE's request for the listing of options on a spot Ethereum ETF.

The cryptocurrency market has seen a strong uptrend following President Trump's election, with Ethereum experiencing a significant surge as buyers take control. However, the market now appears ready for a correction phase to allow consolidation before further gains.

Ethereum Foundation researcher Justin Drake has revealed "Beam Chain," an ambitious upgrade for Ethereum's consensus layer. The post Ethereum 3.0? Justin Drake Unveils ‘Beam Chain' Proposal at Devcon appeared first on Cryptonews.

Justin Drake, a researcher at the Ethereum Foundation, announced a new consensus layer upgrade proposal called “Beam Chain” during Devcon on Tuesday. The ambitious project aims to overhaul Ethereum's consensus mechanism by 2030.

At the recent Devcon 2024 event, Ethereum Foundation researcher Justin Drake proposed a new consensus layer upgrade for the network. The new upgrade, dubbed as “Beam Chain” has also sparked discussions among the crypto market enthusiasts, especially as it comes amid a strong rally ETH price.

The US ETFs bought slightly more than $1.1 billion bitcoin on Monday with BlackRock disclosing an additional $756 million.

The COIN50 index could enhance market transparency and attract institutional investors, potentially stabilizing the volatile crypto landscape. The post Coinbase launches COIN50 index tracking major assets BTC, ETH, SOL, XRP, and DOGE appeared first on Crypto Briefing.

Ethereum's latest rally has brought the cryptocurrency to a critical price level of $3,200, prompting investors and analysts to closely monitor the actions of Ethereum whales and long-term holders (LTHs). The outcome of this price test in the coming days could either propel Ethereum to new heights or lead to a retracement.

The Ethereum Layer 2 platform Lisk is now officially live on its mainnet after months of preparation and testing. Lisk first launched its testnet in February, following its transition from a Layer 1 blockchain to a Layer 2 solution on Ethereum in late 2023.

Ethereum Foundation researcher Justin Drake proposed “Beam Chain,” a new consensus layer upgrade, at Devcon 7.

Money is still flowing into Bitcoin. The same can't be said for Ethereum, which appears to be losing the trust of top institutional investors.

The Ethereum Foundation makes another DAI purchase by offloading 100 ETH on Nov. 12. This is the first time the protocol has sold ETH since releasing its annual report.

Ethereum researcher Justin Drake said that when it comes to staking, the proposal aims to change the requirements from 32 ETH to 1 ETH.

The Beam Chain groups a number of big-ticket upgrades, including zero-knowledge support and fast finality, into a single Ethereum upgrade.

At the Devcon 2024 event in Bangkok, Vitalik Buterin, Ethereum's co-founder, spoke about his vision for the platform's future, reinforcing its commitment to decentralization, scalability, and inclusivity. The post Vitalik Buterin's Devcon 2024 Keynote: ‘Ethereum Is the World Computer' appeared first on Cryptonews.

Since November 5, the Ethereum market has grown steadily; it has risen by over 40.86%. Right now, the Ethereum price stands at $3,373.69.

Ethereum Foundation researcher Justin Drake announced Beam Chain, a new consensus layer upgrade proposal for Ethereum at Devcon on Tuesday.

The US spot Ethereum ETFs registered the highest cash inflow since inception on Monday of over $295 million.

An Ethereum (ETH) initial coin offering (ICO) participant woke up this weekend after nearly three years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the ICO participant deposited 1,555 ETH worth $4.86 million into the crypto exchange Coinbase on Sunday.

Bitcoin and ether ETF inflows soared on one of the biggest days in the BTC's history.