Crypto Week Ahead: Ethereum Upgrade Looms

What to Know:

• Ethereum’s next major upgrade, Fusaka, is set to activate, aiming to boost transaction throughput for layer-2 solutions.
• Grayscale’s Chainlink Trust is expected to convert to an ETF, expanding crypto investment options.
• Several key events are scheduled for the coming week, including token unlocks, governance votes, and mainnet upgrades across different crypto projects.

Ethereum is preparing for its Fusaka upgrade, designed to enhance the network’s ability to handle high transaction volumes from layer-2 chains. This upgrade represents a significant step in scaling Ethereum and improving its overall efficiency. The Fusaka upgrade is scheduled to go live on the mainnet on Wednesday.

Grayscale is set to convert its Chainlink Trust into an exchange-traded fund, marking another milestone in the integration of cryptocurrencies into traditional finance. The new ETF, expected to trade under the ticker GLNK, will provide investors with exposure to Chainlink. This move follows the launch of Grayscale’s Dogecoin ETF, indicating a growing interest in diversified crypto investment products.

Several notable events are on the horizon, including the anticipated launch of the 21Shares Core XRP Trust (TOXR) and various token unlocks for projects like SUI and EIGEN. Ontology (ONG) is also slated to activate its mainnet v3.0.0 upgrade, which will reduce the ONG supply. These events could bring increased attention and volatility to their respective crypto assets.

The coming week is packed with key events that could influence the crypto market, from Ethereum’s network upgrade to Grayscale’s new Chainlink ETF. Investors should keep an eye on these developments as they unfold, as well as monitor broader macroeconomic indicators and governance votes. Staying informed is crucial for navigating the dynamic landscape of cryptocurrencies and blockchain technology.

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Source: Original article