Eric Balchunas, Bloomberg's senior analyst for exchange-traded funds (ETFs), and his colleague James Seyffart summarized all approval requests for Ethereum (ETH) futures ETFs that are under review by the U.S. Securities and Exchanges Commission. Meanwhile, a twitter debate broke out having to do with Coinbase's crypto payment tech. Is Ethereum & Solana the best for crypto payments or is Bitcoin innovating beyond them?
PBN Research
Etheruem ETF Frenzy
https://www.coinspeaker.com/ethereum-etf-sec-bitcoin/
The Ether spot ETF frenzy which kicked off with the filing from Volatility Shares on July 28, swiftly captivated the attention of market observers. The momentum continued to build as the calendar turned to August 1, with a remarkable flurry of filings from some prominent players in the investment industry. Bitwise, VanEck, Roundhill, ProShare, and Grayscale all joined the race within a mere 24 hours.
ETH Outperforms Bitcoin
https://ambcrypto.com/ethereum-one-more-reason-to-invest-in-eth-as-it-outperforms-btc-in-july/
According to Santiment’s data, in the past 30 days, Ethereum’s market price increased by 4.9% compared to Bitcoin. And this growth was attributed to Ethereum’s rebounding network growth.
Polygon
https://coinedition.com/polygon-zkevm-hits-100k-transactions-in-a-day-for-the-first-time/
Polygon zkEVM achieves 100,000 transactions in a day.
Impressive stats as of July 31, 2023: Low gas fees, 297,107 wallets, 7,060 contracts, $35,212,170 TVL, and 401,841 ZK-Proofs.
Polygon zkEVM is a game-changer, providing fast network finality and compatibility with Ethereum smart contracts.