Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing
Fees spiked to as high as 270 gwei late on Thursday, the data shows, temporarily touching a level last seen in June 2022.
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Fees spiked to as high as 270 gwei late on Thursday, the data shows, temporarily touching a level last seen in June 2022.
The world’s largest asset manager already made waves by seeking to list a bitcoin ETF
BlackRock declined to comment on the filing.
The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether’s bullish outlook.
Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
Bitcoin forks led gains in the past 24 hours, outpacing major tokens.
The Ethereum network’s revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%.
The fund’s new strategy to combine ether and bitcoin will be effective formally on Oct. 3.