Crypto NewsEthereum

Ethereum Devs Share Holesky Updates; When ETH Price Rally?

A recent Execution Layer Meeting between Ethereum Foundation and core developers revealed some testing updates from Devnet-8 and Holesky testnet. The Devnet-8 has been recently launched which is the test network for Cancun upgrade.

The Holesky Update

Recently, Parithosh Jayanthi, a DevOps at the Ethereum Foundation, informed during the Execution Layer Meeting that there were updates to share on about Devnet-8 and Holesky testnet. This was in response to the meeting called for on various other topics by Tim Beiko, an Ethereum core developer. 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).”

ETH Price: What Could Impact?

Around August 18, 2023, the wider crypto markets experienced a bearish cycle over selloff in the US financial markets as well as the news on SpaceX selling off its Bitcoin holdings.

Meanwhile, the Ethereum price could likely go through increased volatility in the coming months surrounding the news of a potential Ethereum based futures ETF approval. Earlier, speculation was around that the U.S. Securities and Exchange Commission (SEC) may likely give a nod to the Ethereum futures exchange-traded funds (ETFs).