ETH Surges Past $3K as Glassnode Flags Rare Flip in Futures Volume Over Bitcoin
At the time of writing, Ether (ETH) was trading at $3,012, up 8.22% in the past 24-hour period, according to CoinDesk Research's technical analysis model. The broader crypto market, as gauged by the CoinDesk 20 Index , was up 6.39% during the same period.
In a recently-released research paper titled "Blockchains as Emerging Economies", the world's third largest asset manager explained how "ether can serve as a medium of exchange and store of value."
Also, in a blog post published Thursday, the Etheruem Foundation announced plans to integrate zero-knowledge (ZK) proofs throughout the Ethereum stack, starting with a Layer 1 zkEVM. Initially, validators will be able to choose clients that verify multiple offchain execution proofs from different zkVMs, rather than re-executing blocks. This setup leverages Ethereum’s existing client diversity model for added security, with minimal protocol changes needed to support pipelined execution in the upcoming Glamsterdam upgrade.
Although adoption of ZK clients will start small, it’s expected to grow as trust builds. When a majority of validators are confident in ZK proofs, Ethereum can increase the gas limit and shift to proof verification as the default.
