Bug impacting over 50% of Ethereum clients leads to fork
but do not panic! This is not as bad as it seems
BREAKING: Bug impacting over 50% of Ethereum clients leads to fork
A bug affecting older versions of a major Ethereum client is causing those nodes to split from the main network.
This affects around 54% of Ethereum nodes.
A bug in older versions of the Ethereum network client Geth has caused nodes running those versions to split from the main network.
This isn’t a cause for concern. However, you should be careful when making transactions on bsc and polygon as they have the same ethereum bug.
https://www.theblockcrypto.com/post/115822/bug-impacting-over-50-of-ethereum-clients-leads-to-fork
-60k ETH netflow from spot exchanges
Across all spot exchanges we saw a 60k Ethereum netflow (more out than in) in late NA hours early APAC hours. This is bullish. Upon investigating which exchange I came across Binance having a 34k outflow. I could not find the other exchanges that had massive outflows. Price at the time was approximately 3.1k USD
The amount of ETH created on a daily basis is lower than BTC!!
$ETH's daily issuance was lower than $BTC's
➡️ETH net inflation: 3574 ETH (1.11% annualized)
➡️BTC net inflation: 900 BTC (1.75% annualized)
ETH breakout expected soon!
➡️ Make sure to keep an eye out for the super early bird & early bird membership spots for the new DeFire Academy membership. 20 super early bird spots & 100 early bird spots available. 😬
A break above 3333$ would catapult eth to 4’156 dollars within the next few weeks. Please keep in mind that there is less and less eth in circulation because of these two phenomenons:
➡️ ETH is being burnt with EIP-1559 (Over 100k ETH has already been burnt. 🤯)
That means which each tx that someone does, he is in fact making the eth that you hold more scarce.
Furthermore, a lot of ETH is being locked up in ETH 2.0 deposit contract. This can’t be sold until withdrawals are activated. 6% of the total supply of ETH is locked away.
When ETH explodes, people that didn’t catch on will miss this rocket.
Alpha & Good News reads this week
How companies can use NFTs for marketing and community building
Coin of the week: Smooth Love Potion ($SLP)deep dive coming in the next post 🤗