{"id":36425,"date":"2025-07-11T15:18:11","date_gmt":"2025-07-11T15:18:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36425"},"modified":"2025-07-11T15:18:11","modified_gmt":"2025-07-11T15:18:11","slug":"eth-surges-past-3k-as-glassnode-flags-rare-flip-in-futures-volume-over-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36425","title":{"rendered":"ETH Surges Past $3K as Glassnode Flags Rare Flip in Futures Volume Over Bitcoin"},"content":{"rendered":"
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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 (CD20), was up 6.39% during the same period.<\/p>\n

In a recently-released research paper<\/a> 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.”<\/p>\n

Also, in a blog post<\/a> 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\u2019s existing client diversity model for added security, with minimal protocol changes needed to support pipelined execution in the upcoming Glamsterdam upgrade.<\/p>\n

Although adoption of ZK clients will start small, it\u2019s 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.<\/p>\n

To enable this shift, the Foundation is defining \u201crealtime proving\u201d standards for zkVM developers. These include 10-second latency for 99% of blocks, open-source code, minimum 128-bit security, sub-300KiB proofs without trusted setups, and hardware limits of $100K in cost and 10kW in power use \u2014 making home proving feasible. <\/p>\n

While proving in the cloud is already affordable, the emphasis is on optimizing for decentralized, at-home setups. The Foundation expects ongoing innovation toward these goals ahead of Devconnect Argentina, with zkVMs poised to become critical infrastructure for Ethereum\u2019s future.<\/p>\n

Finally, yesterday, lockchain analytics platform Glassnode noted<\/a> a rare occurrence in the derivatives market: ether’s 24-hour futures trading volume briefly surpassed that of Bitcoin. According to the firm, ETH futures notched $62.1 billion in daily volume, edging out Bitcoin\u2019s $61.7 billion.<\/p>\n

Technical Analysis Highlights<\/strong><\/p>\n