ETH Weekly | CFTC chairman is expected to allow Ethereum futures to be listed; Zhao Changpeng believes that the market value of BNB will not exceed ETH within 3 years (10.7-10.13)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

Produced | Odaily

1. Overall overview

1. Overall overview

Heath Tarbert, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that ETH is a commodity and therefore falls under the jurisdiction of the CFTC. He also expects the CFTC to allow ETH futures to be traded in U.S. markets in the near future.

Second, the secondary market

Second, the secondary market

1. Spot market

image description

(ETH daily chart, picture from OKEx)

(ETH daily chart, picture from OKEx)

image description                                                                   

(data from AIcoin)

(data from AIcoin)

In terms of funds, the funds fluctuated greatly this week. The net outflow of funds was the largest on Sunday, but only more than 2 million US dollars; the net inflow of funds on Wednesday was relatively high, nearly 48 million US dollars.

(data from Tokenview)                                                                              

(data from Tokenview)

Tokenview dataimage description

(more than 50,000 ETH transfers)

3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) Eth 2.0 will be launched before the first quarter of 2020

At the Devcon 5 conference in Osaka, Japan, Peter Mauric, head of Ethereum client Parity, said that most projects related to Ethereum will be created on the new blockchain (Eth 2.0) first. The first phase of Eth 2.0 - Phase 0 will go live before the first quarter of 2020. Ether moved to Phase 0 will be converted to new tokens. None of these tokens can be transferred on-chain for at least six months after the new coin is released. Before that, the user has been locked. There are currently no clear plans on how to migrate hundreds of Ethereum-based tokens and smart contracts, including DeFi projects, to the new chain. (CoinDesk)

(2) AVA Labs launches Athereum, a proof-of-concept deployment of Ethereum running on the AVA platform

During an event at Devcon 5, the Ethereum developer conference, AVA Labs co-founder and CEO Emin Gün Sirer announced the launch of Athereum. This is an Ethereum running on the AVA platform. In the first proof-of-concept stage, Athereum can not only keep the account balance of Ethereum, but also deploy smart contracts. (chain news)

(3) Ethereum Classic will cooperate with Ethereum to provide data layer support

In the event of Devcon 5, the Ethereum Developers Conference, Terry Culver, CEO of Ethereum Classic Labs, highlighted the progress of cooperation between Ethereum Classic and Ethereum on the data layer.

(4) Prediction market Augur will integrate 0x and DAI in 2020

The Ethereum-based prediction market Augur is scheduled to be updated in 2020, and the V2 version is expected to be launched in the first quarter of 2020. The main updates include: a new UI, integration of 0x, and integration of the stable currency DAI. [Original link]

(5) BSTX, an exchange supported by tZERO, seeks SEC approval to launch a security token market

BSTX, a tZERO-backed startup, wants to create an automated equity trading platform with ownership records stored on the ethereum blockchain. The exchange is currently seeking SEC approval. (Coindesk)

Juno, an ethereum-based digital banking platform, is expected to launch in February or March 2020. The platform will allow users to hold the dollar-pegged USDC stablecoin and earn 5.5% annual interest. Juno also announced that it has raised $3 million in venture capital, led by Polychain Capital and Sequoia Capital’s Surge initiative. (CoinDesk)

2.DEX

according toDAppTotal.com DEXimage description

(picture fromDAppTotal.com DEX）

according to

3.Dapp

according toDappreview dataimage description

4. Mining                                  

(data from etherchain.org)

etherchain.orgThe data shows that the current average mining difficulty is 2448 T, up 2% month-on-month; the average computing power is up 6% month-on-month, temporarily reported at 192 TH/s. This week, new addresses increased by 20% month-on-month.

(Mining difficulty changes)

4. News

4. News

1. CFTC Chairman: Ethereum is a commodity, and it is expected that Ethereum futures will be allowed to trade in the US market in the future

Heath Tarbert, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that ETH is a commodity and therefore falls under the jurisdiction of the CFTC. He also expects the CFTC to allow ETH futures to be traded in U.S. markets in the near future. (Yahoo Finance)

2. Changpeng Zhao: There is only respect for V God, and the market value of BNB will not exceed ETH within 3 years

Twitter user Udi Wertheimer tweeted that EOS or BNB will overtake ETH within 3 years. Zhao Changpeng responded that it is not a problem whether it surpasses Ethereum. It is definitely a problem to surpass Ethereum in terms of market value. I have only respect for V God.

3. V God: PoS proof will make ETH more secure than BTC

Ethereum founder V God said that after implementing the Proof of Stake (PoS) consensus algorithm in the Ethereum blockchain, it will be more secure than Bitcoin and the cost of attack will be higher. (Cointelegraph)

4. Vitalik proposed to reduce the number of shards to accelerate the implementation of sharding projects

Vitalik forwarded his proposal on the simplification of the Eth2 shard chain on Twitter, proposing to reduce the number of shards to speed up the implementation of sharding projects. Some netizens asked "Is it complicated to switch to 1024 shards later?" V God replied that it was not complicated, and also said that the cost of different shards would be different.

5. Multi-collateral Dai (MCD) will be officially launched on November 18

Maker DAO founder Rune Christensen announced at Ethereum Devcon 5 that Multi-Collateral Dai (MCD) will be officially launched on November 18. Christensen suggested that all MKR holders hold a governance vote on November 15. After the executive vote is passed, the system will be officially activated.

6. VC Firm Consensys Gives $175,000 to Seven Open Source Software Projects on the Ethereum Network

Venture capital firm Consensys has given $175,000 to seven open-source software projects on the ethereum network, including ethereum software client Lighthouse, mobile decentralized app builder Alice, and oracle network Tellor for off-chain data, among others. Daniela Osorio, director of global marketing at Consensys, said the purpose of the grant program is to support under-resourced development areas that are integral to the ethereum ecosystem but not necessarily profitable. (Coindesk)

7. The number of active developers of Ethereum exceeded 200,000, exceeding the number of daily active users of DAPP