#Ethereum

The structure of upcoming spot Ethereum ETFs in the US is becoming evident. Most issuers are setting initial client discounts that transition into fees between 0.19% and 0.25%.

In a recent note on the company's website, Matt Hougan, Chief Investment Officer of Bitwise, forecasts that inflows into Ethereum-based exchange-traded products (ETPs) could push ETH prices above $5000.

The Celo Foundation, the entity behind the L1 blockchain Celo, has successfully launched the Dango L2 testnet. Developed on the OP stack, Dango is now part of the Optimism Superchain ecosystem, which includes other projects like Base and Zora. The deployment of this L2 blockchain is a key component of the community's plan for migration to Ethereum.

Consensys has reported that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, deciding not to classify it as a security. This announcement follows the approval of Ethereum ETFs and comes just before the expected start of trading in July.

The Ethereum ecosystem, including its L2 and L3 blockchains, has set a new record for transactions per second at 245 TPS. A significant portion of this achievement, nearly 50% or 101 TPS, was contributed by the relatively new gaming-focused L3 blockchain, Xai, even though its total value locked (TVL) is less than $2 million.

Ethereum staking service Lido is planning partnerships with restaking platforms Mellow Finance and Symbiotic.

The ZK protocol based on Ethereum, Loopring, has suffered a hacker attack. The attacker stole $5 million from compromised wallets, withdrawing the funds in Ethereum.

In a recent blog post, Ethereum founder Vitalik Buterin addressed the growing trend of endorsing politicians who claim to support the crypto industry. He notes that positive sentiment towards cryptocurrencies is insufficient. Supporting certain crypto advocates in elections might conflict with the cypherpunk values that initially shaped the first crypto communities.

The Attackathon aims to be the first crowdsourced security audit to identify vulnerabilities in Ethereum’s protocol code. This event will be conducted in collaboration with the security firm Immunefi.

A documentary film about Vitalik Buterin, titled Vitalik: An Ethereum Story, is nearing its release after more than three years of production. The feature-length film will be complemented by a series of short films called Ethereum Stories.

According to K33 Research analysts, ETH could outshine BTC once spot Ethereum ETFs are launched. They predict the ETFs will boost ETH's price, while BTC may experience pressure from the Mt. Gox exchange creditors.

Bloomberg reports that Standard Chartered, a multinational financial corporation, is developing its own platform for trading Bitcoin (BTC) and Ethereum (ETH). This new division will operate as part of the bank's global banking sector, with its management hub based in London.

Just five months after discontinuing their flagship product—the Nocturne v1 privacy protocol for Ethereum—the Nocturne team has announced the company’s closure.