Scroll, a layer 2 scaling solution for Ethereum, has launched its main network. Scroll's ZK rollup, a layer-2 network built using zero-knowledge cryptography, is compatible with the Ethereum Virtual Machine computing environment, making it easy for developers to redeploy applications built for Ethereum onto the new "zkEVM" network. Scroll's launch adds to the competition among rival providers of zkEVMs, including Polygon and Matter Labs. As of Thursday, approximately $565,000 worth of ETH had been bridged to the network, according to a dashboard on Dune Analytics.

According to data on the blockchain, the once-crowded new validator queue on the Ethereum blockchain has almost completely cleared, with only 598 validators waiting to enter the network, down from a peak of over 96,000 in early June. This means that as of today, the expected wait time to add new validators to the Ethereum network has been reduced to less than five hours, a significant decrease compared to the peak of a 45-day wait period in early June. David Lawant, the head of research at institutional crypto exchange FalconX, said that since the Ethereum merger and Shapella upgrade, ETH staking growth has been "exceptionally strong," but the initial enthusiasm has started to cool off, and an empty activation queue means that ETH staking growth is slowing down.

According to a report from Chainalysis, between June 2022 and July 2023, Tether, Bitcoin, and Ethereum accounted for 83% of Brazil's cryptocurrency demand. During that period, Tether accounted for about 52% of the country's investor trading demand, Bitcoin accounted for 25%, Ethereum accounted for 6%, while other altcoins totaled just over 17%. Chainalysis categorizes Brazil as a "unique market in Latin America."

Mastercard has successfully completed a pilot project with the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre to test the use of central bank digital currencies (CBDCs) by authorized parties who have undergone know-your-customer protocols. The project also tested the ability of a holder to purchase an Ethereum-based NFT by locking the pilot CBDC and minting an equivalent amount of Ethereum-based wrapped coins. Mastercard's Australasia division president, Richard Wormald, said that the technology has the potential to drive more consumer choice and unlock new opportunities for collaboration between public and private networks in the digital currency space. The pilot was conducted in partnership with Australian financial services firm Cuscal and blockchain tech firm Mintable, and is part of Mastercard's ongoing CBDC ambitions, which include operating as a private-sector partner for CBDCs and forming a CBDC program with Ripple and Consensys.

Ethereum (ETH) had a strong start to October 2023 but has since faced significant selling pressure, dropping below $1,600. At present, ETH is trading at $1,558 with a market cap of $187 billion. While the TD Sequential indicator has generated a buy signal near the lower boundary of its consistent range, caution is advised as a close below $1,530 could invalidate the bullish outlook.

50,000 ETH (78,307,428 USD) transferred from unknown wallet to Kraken.

Altcoin Sherpa, a well-known crypto strategist, has cautioned that Fantom (FTM), an Ethereum challenger that has already dropped by 65% this year, could experience further sell-offs if it loses its immediate support at $0.15. Altcoin Sherpa believes that FTM is overvalued and underused compared to its competitors. He also predicts that Ethereum's value will continue to decline against Bitcoin (ETH/BTC) until it reaches support at 0.053 BTC, which is approximately $1,454. Altcoin Sherpa expects the altcoin markets to rally once ETH/BTC reaches its downside target.

Ultra Sound Money data shows that ETH's annualized inflation rate has risen to 0.447%, with an inflation of 10,301 coins in the past seven days.

Ethereum client Hyperledger Besu has announced the release of version Besu 23.10.0, which is recommended for all mainnet/public network users. It includes many performance improvements, bug fixes, and a new transaction pool that can build more efficient modules with fewer resources. <br>

Well-known on-chain analyst Ali posted on X Platform stating that since February 2023, Ethereum whales have taken advantage of the price surge to sell or redistribute over 5 million ETH, equivalent to about $8.5 billion. The analyst noted that it is worth noting that this selling trend is still continuing, and there is currently no indication that the whales are turning to hoard ETH.

OKX market data, ETH has fallen below 1550 USDT and is currently priced at 1558.7 USDT, with a 24-hour decline of 4.53%.

EigenLayer is already working on developing new products such as EigenDA, that provides a hyperscaled data availability layer for Ethereum to unlock higher bandwidth while optimising for cheaper and more consistent fees.

Binance, a major cryptocurrency exchange, has confirmed that around 23% of the total Ethereum supply is now staked, which equates to approximately $45 billion. This trend reflects the growing number of users who are locking up their ETH holdings to participate in various Ethereum-based protocols and earn rewards. The surge in Ethereum staking can be attributed to several factors, including the promise of improved scalability and reduced energy consumption with Ethereum 2.0, the rise of decentralized finance (DeFi), and the transition to a Proof of Stake (PoS) consensus mechanism. While Ethereum staking offers financial incentives, users should carefully consider the potential risks and implications on liquidity and price volatility.

According to data aggregator Ultrasound.money, the global supply of ETH has surged by nearly 30,000 ETH in just the past 30 days, equivalent to approximately $47.9 million. The sharp increase in ETH circulation is mainly due to a significant decrease in transaction volume on the Ethereum network: NFT transactions have significantly decreased, as have DeFi activities. Recently, Ethereum's gas fees have dropped very low, with the current average network transaction fee at 7 gwei, or $0.24.

OKX Ventures stated on the X platform (formerly Twitter) that the current ETH collateralization ratio has reached 22.81%, with a total ETH collateralization of about 27 million coins. ETH collateralization currently faces high centralization risks, but future upgrades such as the EIP-7514 protocol that limits the number of validators, as well as incentives provided by Eigenlayer for decentralized collateralization, will bring a more democratic and organic economic system to Ethereum.

Data tracked by Scopescan shows that Justin Sun withdrew 32,500 ETH ($53 million) from Binance through four transactions one hour ago and deposited 32,600 ETH ($53.1 million) into Lido Finance.

The supply dynamics of Ethereum have shifted significantly, with 110,000 ETH worth $181 million moving off exchanges in a single day. This marks the most substantial movement away from exchanges since August 21st and reflects a growing trend among Ethereum holders. Currently, the amount of Ethereum held outside of cryptocurrency exchanges has reached an all-time high of 115.88 million ETH, while the supply of Ethereum available on exchanges has dwindled to its lowest level in approximately 5.5 years. This trend suggests strong HODLer sentiment and reduced selling pressure, but it's important to acknowledge the potential for market volatility.

TheDataNerd monitoring shows that 40 minutes ago, the whale 0xbcb withdrew 20,000 ETH (worth $32.4 million) from Lido Finance and quickly deposited it all into Binance. It is worth noting that two months ago, Sun Yuchen deposited 5,000 ETH (worth $9.22 million) into Houbi through this wallet. The price of ETH then fell by 12% in the following week.

Christine Kim, Vice President of Research at Galaxy Digital, said that if interest in Ethereum staking does not slow down significantly in the coming months, the size of the Ethereum validator set could pose a problem for the blockchain.

According to data, at 00:42 today Beijing time, 22,343 ETH (valued at approximately $37,220,616) was transferred from an unknown wallet to Coinbase.