Speculations of ETH Price Rally as Ethereum Devs Share Holesky Updates

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Last Updated on August 20, 2023 by Bitfinsider

Some testing updates from Devnet-8 and Holesky testnet were presented at a recent Execution Layer Meeting between Ethereum Foundation and core developers. The test network for the Cancun upgrade, the Devnet-8, was just recently activated.

Recent changes about Devnet-8 and the Holesky testnet were shared during the Execution Layer Meeting by Parithosh Jayanthi, a DevOps at the Ethereum Foundation. This was in reaction to Tim Beiko, an Ethereum core engineer, who requested a meeting to discuss a number of other issues. He shared: “The Holesky mainnet is likely set for launch around September 15, 2023. This upgrade would replace Goerli as a staking, infrastructure and protocol-developer testnet. “We’d like to bring up testing updates from Devnet-8 and Holesky updates (We tested out 1.4 million validators and more than 1B Ether in the network and would like to propose the same for Holesky).”

Around August 18, 2023, news that SpaceX was selling off its Bitcoin holdings and a selloff in the US financial markets caused a bearish cycle to occur in the larger crypto markets.

The price of Ethereum may experience greater volatility in the upcoming months as a result of the announcement that an Ethereum-based futures ETF may be approved. The exchange-traded funds (ETFs) for Ethereum futures were previously the subject of rumours that the U.S. Securities and Exchange Commission (SEC) could approve them.

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