Overview
This week, Ethereum founder Vitalik Buterin (V神) voiced strong support for the delisting of BSV by multiple exchanges. Additionally, Tether (USDT) issued a new $70 million batch on the Ethereum blockchain.
In secondary markets, ETH prices showed volatile trends, with a slight 2% decline. Technical indicators suggest potential short-term consolidation or minor corrections.
Secondary Market Analysis
1. Spot Market
Huobi Pro data indicates ETH traded at $167.84**, dipping below the 5-day moving average (**$169.74) but holding above the 10-day average ($166.69).
2. Fund Flows
- Net outflow: $23.9 million (down 126% week-over-week).
- Peak inflows occurred on Thursday ($60M+), while Monday saw the highest outflows ($50M+).
- Declining inflows may limit upward price momentum.
3. Large Transactions
- >5,000 ETH transfers: Dropped 5% weekly.
- Two notable transactions involved 50K+ ETH, both internal exchange movements.
Ecosystem & Technology
1. Development Updates
- ETH 2.0 "Serenity": Expected completion by 2021 (per Delphi Digital), introducing PoS and sharding for scalability.
- Vitalik’s Proposal: Suggests adjusting staking rewards to keep annual inflation under 2%.
- Aragon: Testing on-chain governance models in two weeks.
2. DApp Trends
- New DApps: 11 added (only 4 active).
- Top categories: Gambling/betting and decentralized exchanges dominate daily activity.
- Example: DINNGO DEX recorded just 1.1 ETH in weekly volume.
3. Mining Metrics
- Hashrate: 149.4 TH/s (-3.68%).
- Difficulty: 1,850 T (-3.85%).
- New addresses surged 23% mid-week, signaling growing miner engagement.
Key News
- Weiss Ratings: JPMCoin risks irrelevance without Ethereum integration.
- Q1 Public Chain Rankings: EOS leads in DApp activity; ETH trails in adoption but excels in tech.
- ConsenSys Fundraising: Targets $200M at a $1B valuation.
- USDT Issuance: $70M minted on Ethereum (April 16).
- Vitalik’s Stance: Fully endorsed BSV delisting amid community backlash.
FAQs
1. Why did Vitalik support delisting BSV?
He cited alignment with community ethics and governance standards.
2. When will ETH 2.0 launch?
The "Serenity" upgrade is projected for 2021, pending successful testnets.
3. How does ETH inflation affect staking?
Vitalik’s proposal aims to balance rewards while capping inflation at 2% annually.
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