ETHEUR
Ethereum / Euro
cryptoComposite

ETH $8743 Eth/btc: 0.091 *wakes up*

We decided to add and Hodl $SKY token. It al make sense as staking provides better return than $ETH.X

🌍 **Macro** AI financing deals boosted U.S. stocks, with the Philadelphia Semiconductor Index rising 3.60%. Broadcom secured $63B in financing for AI infrastructure, while Meta’s $25B share offering was oversubscribed fivefold. BTC recovered above $80K but remains capped near $81.2K ahead of the Fed decision. ⸻ 📈 **Market Snapshot** • BTC: $80,908.3 (+0.97%) • ETH: $2,350.39 (+1.12%) • NASDAQ: 26,477.81 (+1.18%) • S&P 500: 7,722.67 (+0.60%) • F&G: 51 (previous: 48) ⸻ 🧠 **Market Take** BTC rebounded from $79.5K–$79.6K support but faces resistance at $81.2K. Lower trading volume suggests momentum is cooling, with the Fed decision and U.S. economic data likely to drive the next move. DeFi is increasingly focused on institutional access and value capture. Uniswap is integrating external liquidity through v4 Aggregator Hooks, Chainlink is connecting compliant custodial assets to DeFi lending, and Ripple received final OCC approval to establish a national trust bank. **Key levels:** * Resistance: $81.2K * Support: $80K * Trend: Consolidating ⸻ 🔥 **Hot Tokens** * **OSMO:** \+9% as Osmosis proposed ending inflationary token emissions. * **VEREM:** \+32% after surging from $29 to $50 before retracing. * **PUMP/GRAM:** Both gained over 2% after [Pump.fun](http://Pump.fun) added USDC payments for TON ecosystem tokens. ⸻ 📰 **Key Updates** * **Thailand:** WORPT launched, allowing tourists to convert USDT and USDC into baht for payments. * **US OCC:** Encouraged community banks to apply for stablecoin issuer status under the GENIUS Act. * **BlackRock:** Partnered with SBI and Startale to explore links between tokenized funds and yen stablecoins. * **Hyperliquid:** Announced its U.S. entry and a partnership with Kraken on HIP-3. * **Ondo:** Tokenized stocks and ETFs launched on Robinhood Chain. * **Token unlocks:** FF unlocks 6.62% (~~$20.7M) on Oct 29; CARDS unlocks 9.6% (~~$18.4M) on Oct 30; FLOCK unlocks 40.97% (\~$18.4M) on Oct 31. ⸻ ⚡ **Quick Take** BTC is holding above $80K, but a breakout above $81.2K is needed to strengthen bullish momentum. The Fed decision, U.S. PCE and GDP data, major tech earnings, and upcoming token unlocks could trigger volatility.

***Ethereum fixes Glamsterdam bug that could have sent staking deposits to builders*** *Developers initially rejected the change before reversing course, as testing delays gave them more time to examine a flaw in Ethereum's upcoming Glamsterdam upgrade.* *Ethereum developers have patched a flaw in the upcoming Glamsterdam upgrade that could have let someone walk off with ETH that staking services meant for new validators.* *The fix, which* [*changed the rules for handling validator deposits*](https://github.com/ethereum/consensus-specs/pull/5736)*, was merged Monday, a week after developers turned it down.* *Glamsterdam splits up two jobs that are bundled together today. Builders bundle transactions into blocks, and validators, who stake ETH to help secure the network, pick and confirm them. Both can deposit ETH, and their money is supposed to be tracked separately.* ***How the money could go missing*** *The problem appeared during the upgrade itself, when Ethereum would process deposits that were still waiting to be credited.* [*Researcher Avsetsin identified a scenario*](https://github.com/ethereum/consensus-specs/issues/5735) *in which an operator first registers as a builder using a particular public key, the identifier tied to a validator or builder. If a staking service then deposits ETH to start a validator under that key, the draft rules would credit both deposits to the builder.* *“The operator can withdraw the protocol’s funds,” Avsetsin wrote. No validator gets created, so the staking service can’t produce the proof it would need to recover its money.* *Avsetsin, listed as a member of Lido’s GitHub organization, examined how Lido, Origin, and Rocket Pool could be affected in what the researcher called “****quick AI research****.” The findings depended on how each protocol handles deposits.* *“These are conditional code findings, not confirmed live exploits,” avsetsin wrote, adding that existing checks rejecting an earlier builder deposit could stop the attack. No losses have been reported.* ***Turned down, then merged*** *Developers* [*closed the proposed fix on Oct. 19*](https://github.com/ethereum/consensus-specs/pull/5736)*. “There was not enough support from clients to make this change at this time,” wrote Justin Traglia, who maintains Ethereum’s consensus specifications. Clients are the separate software programs validators run to take part in the network.* *The fix was reopened after further review, avsetsin added tests on Oct. 23, and Traglia merged it Monday.* *Under the new rules, pending deposits are sorted by their withdrawal credentials, the setting that says where a deposit’s money can eventually go. Validator deposits stay with validators even if a builder is using the same key.* *The change is now part of Ethereum’s consensus specifications, and client teams still have to build it into their software. Glamsterdam has already run on the Sepolia test network, but its Oct. 26 launch on Hoodi, a second test network, was postponed.* *Glamsterdam needs a new Hoodi date before a mainnet launch can be scheduled.* [https://www.coindesk.com/tech/2026/10/27/ethereum-fixes-glamsterdam-bug-that-could-have-sent-staking-deposits-to-builders](https://www.coindesk.com/tech/2026/10/27/ethereum-fixes-glamsterdam-bug-that-could-have-sent-staking-deposits-to-builders)

ETH hovering around the same range again, feels like everyone's just waiting for the next macro headline to make a move. I'm not touching anything until there's a clearer direction, my spreadsheet says patience is the play this week

Good timing, the original CSM has had a big year. Our node puts its active stake at about 784k ETH yesterday, three times the ~255k it had a year ago, which took it from 3% to just over 8% of Lido's stake. It's been flat since late September though, between about 773k and 795k.

ETH Daily - 27th October 2026 📰 \-ENS V2 is live on Ethereum. \-Ondo Stocks launch on RH Chain. \-Ethereum app layer feedback. \-EthSystems formal verification of shielded pool. \-Toni explains the EIP-8037 bug. \-EthDebug debugging format. \-ENSv2 migration tracker. \-Morpho Vaults to allocate on Midnight. \-ZeroDev integrates cross-chain yield. \-Sim implant found on a Ledger Flex. Read more: [https://ethdaily.io/ens-v2-is-live-on-ethereum](https://ethdaily.io/ens-v2-is-live-on-ethereum)

That would still be below the 0.0574 ETH/BTC ratio we saw in May 2024, just before the Ethereum ETFs launched, which Bitcoin maxis insisted would never happen. And ever since that launch, it's been mostly downhill, with only brief recovery attempts along the way. Even 0.043 is pathetic in my view. That still means 1 BTC buys you 23.25 ETH, giving Bitcoin a snowflake premium of 3.875 relative to the roughly 6:1 supply ratio. That won't do at all. And this $3,450 price target some are hoping for? That's still trash in my view. ETH should never have fallen that low in the first place, let alone all the way to $1,500. For starters, I don't believe ETH should ever have dropped below $4,000. That's how severely I think the market has undervalued Ethereum.

One thing nobody's mentioned yet: the fee tier isn't only your cut of volume, it's also the toll arbitrageurs pay to trade against you 🧮 Every time ETH moves against BTC on bigger venues, arbs push the pool price to match, and that rebalancing is a loss for LPs (the "loss versus rebalancing" idea). At 0.05% an arb only bothers once the price gap is bigger than the fee, so you get paid properly on each of those trades. At 0.01% the arb trades on much smaller moves and pays you a fifth as much each time. So part of the extra volume a 0.01% pool attracts is exactly the flow that costs you, and its headline fee number looks better than your net result. cbBTC and ETH are fairly correlated, which helps, but the ETH to BTC ratio still moves enough that this matters way more than on a stablecoin pair. How I'd compare them: - Fee APR from volume divided by the liquidity active in your range, not total TVL - CAKE valued at what you'd realistically sell it for, not the APR shown on the farm - Gas per rebalance on that chain. Tick spacing of 1 on the 0.01% tier tempts you into tighter ranges, and tighter ranges mean more rebalances - Your position's value versus simply holding the two coins. That's the line that includes the arb losses If Pancake still wins on that last line after a couple of weeks, go with it. If it only wins on headline APR, the CAKE is basically refunding you for the arb flow 👀

Haha fair. ETH directionally follows BTC, most of the time.

Five years ago, ETH/BTC went from 0.070 to 0.084 in about a month... call it a 0.014 increase in 30 days. How does a nice little bump from 0.029 to 0.043 sound by Thanksgiving? We'd be so close... to $3,450.

I'm in a similar position, sent over $1K in WETH on Robinhood Chain to my Robinhood ETH deposit address...it's been sitting there for 3 months and every time I call they say it's unrecoverable They support receiving WETH on other chains but just not their own lol... Let me know if you make any headway or able to recover your ETH

Niye bakit PHP to ETH to USDT? Wala ba silang inventory ng USDT para idaan pa sa ETH?

Ecosystem growth, because it's obvious right now that ETH just follows BTC. For any meaningful decoupling, Ethereum needs a compelling differentiator and/or Bitcoin's network needs some sort of failure (QR, halvening, etc.)

Yeah, this used to annoy me too lol. I use Tangem and they have this Smart Gas feature that lets you pay fees in USDC or USDT instead of ETH. Still have to pay the fee obviously, but at least I don't have to worry about keeping some ETH around just for that.

Polymarket to offer 5 min BTC, ETH etc. prediction markets. What the fuck

>**The stocks counted twice,** >**Regulators roll the dice,** >**On OKX-ICE.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

Scarcity alone doesn't create value. I agree with that. But we're not comparing Bitcoin to toenails. We're comparing two established networks with enormous market caps, global liquidity, institutional investment, and more than a decade of history. I'm not suggesting Ethereum should have the same valuation as Bitcoin simply because their circulating supplies differ. I'm questioning why Bitcoin deserves a market-cap premium of roughly 5.7x over Ethereum, particularly given Ethereum's utility, economic activity, security, and continued development. The supply ratio is simply a useful reference point. At roughly 6 ETH per BTC, their market caps would be equal. My suggested fair value of 8 ETH per BTC still gives Bitcoin a 33% market-cap premium. The real question is whether Bitcoin's monetary properties justify a premium that large over Ethereum. The market currently says yes. I disagree. That's the valuation debate worth having, not whether toenails are scarce. lol!

Having a clean point-in-time EDGAR universe alongside 1-minute crypto and FX data is actually the hardest part of the job. Pick one simple cross-venue spread or momentum idea on BTC/ETH first so you don't stay stuck in data engineering forever.

i think your base statement is correct in that valuation is evaluated mostly on historical valuationie shat ETH was yesterday or last year adjusted by howmuch more desirable it is today compared to yesterday or last year. comparing to bitcoin based on circulating supply is difficult. i have ten toenails and can only produce ten more every few months so i have a scarcer commodity but they have no value based on their scarcity.

We can start with historical valuations. Ethereum has been around for more than 10 years, so we have plenty of history to draw from. The network has undergone substantial improvements, including its transition to proof of stake, with enormous economic value now securing it. People love to say there are too many unknowns with Ethereum. Well, what about Bitcoin? Is it guaranteed that miners will continue securing the network at sufficient levels when block rewards fall to 1/4 or 1/8 of today's? Heck, miners are already struggling with the current block reward. Bitcoin has its own long-term uncertainties, yet the market seems happy to overlook them. Right now, approximately 34.34 ETH buys 1 BTC, even though the circulating supply ratio is only about 6 ETH for every BTC. In other words, Bitcoin trades at a 5.7x market-cap premium to Ethereum. I call that the Bitcoin snowflake premium. Why should Bitcoin deserve such an enormous premium indefinitely? Meanwhile, the dollar continues losing purchasing power against practically everything. Bubble gum, bananas, used clothes, you name it. So evaluating Ethereum's fair value exclusively in dollars is not particularly useful to me. For starters, I would consider 8 ETH per BTC a reasonable fair valuation. That would still leave Bitcoin with a market cap approximately 33% larger than Ethereum's. I'll accept that for now, even though Bitcoin would still enjoy its snowflake premium. Longer term, I'd like to see that premium flip in Ethereum's favor, with Ethereum eventually surpassing Bitcoin's market cap. That's my opinion of where fair value should ultimately settle, based on Ethereum's utility, security, development, and long-term potential. Are we there? Obviously not. By my own assumptions, my Ethereum investment has been a failure so far. I underestimated how differently the market would value the two assets, and I fully acknowledge that my assumptions could be wrong. Had I known in 2017 or 2021 that Ethereum would be trading at 34 ETH per BTC in 2026, I would have sold my entire position when the ratio was considerably more favorable. That's how far the current valuation is from what I originally considered reasonable. Fair value is ultimately an opinion, and this is mine.

ETH/BTC went from about 0.032 to 0.029 in a month. Do you watch the ratio or just the dollar price?

Obviously I am speculating about the marketcap and that's my assessment. I think that goes without saying. And why is a trillion a special number? Because something doesn't get to 1T in mcap based on nothing. Bitcoin is completely different, and arguably it is not worth as much as it is. The only reason it commands such a large premium is because it was first and people (rightfully or wrongly) compare it to Gold. > And yet, you're not very receptive to any differing PoVs. How am I not receptive to other PoVs? The entire reason I am posting here is to see if I should re-evaluate my position on ETH. By definition, I am going to be receptive to other PoVs. That doesn't mean I need to agree with all of them > Without putting words into your mouth, it seems to me that you view the success of crypto or Ethereum as "Ethereum has a killer app, like Facebook on the blockchain, causing 1 billion users to adopt crypto Yeah, I do. And your statement about it being an infrastructure provider doesn't change that. I do see Ethereums success as serving billions of users, whether that's directly, or indirectly through backend stuff. However, if Ethereum is a tiny fraction of the financial system, because it only serves a niche usecase for financial insitutions, then by that definition, a billion people won't be relying on it. It'll be a fairly insignifcant part of the global ecocnomy. There's nothing valued today over 1T that isn't a core part of the global economy and that's why that number is special to me. All of the companies and assets valued over 1T today play a core part in peoples lives, and they are all household names. This to me is a requirement if Ethereum has any chance of joining that club. And frankly, niche financial use cases that barely register on a global scale will not take us there. It is all or nothing to me. If it's not the backbone of the financial system, it will always be the silver to bitcoins gold, and command a fraction of whatever mcap BTC commands. And tying my own investments to Bitcoin is a losing proposition. I was hoping that if I posted here, people would start linking me dapps, or articles showing me how wrong I am, and how much adoption is actually happening. But I feel like people aren't doing that because there really isn't much adoption to speak for, other than the typical RWA's people have been hyping on about for the last 2 years, which to me is super thin evidence.

A narrow range is basically a ladder of limit sells on your ETH that tips you per fill. It’s great if you wanted to scale out, and rough if you meant to hold. The way down is worse. The pool keeps buying ETH as it drops, so you’re max ETH at the bottom. The fees are your premium for selling options, and the real question is whether they covered both directions. Revert Finance shows LP vs HODL per position. Once you’ve got LPs across chains plus regular wallets, trackers like Chain Glance can help you see your real ETH exposure in one place. That’s overkill for a single position though.

|Category|Data|Coverage|Range| |:-|:-|:-|:-| |Equities|US stocks & ETFs|353 tickers|1927–2026| |Equities|China A-shares|4,049 tickers|2000–2026| |Equities|India|4,372 tickers|1999–2026| |Equities|International|556 tickers|1986–2026| |Equities|Point-in-time universe|10,443 EDGAR listings|1962–2026| |Intraday|FX 1-min (bid/ask)|6 majors|2000–2026| |Intraday|FX ticks|3 pairs|2000–2020| |Intraday|Crypto 1-min|BTC/ETH/SOL, 3 venues|2012–2026| |Intraday|Futures intraday|51 instruments, tick→4h|2026 only| |Intraday|Equity/CFD 1-min|3 symbols|2009–2026| |Futures & positioning|Futures daily|76 instruments|1959–2026| |Futures & positioning|COT positioning|1,479 markets|1986–2026| |Futures & positioning|VIX term structure|12 contracts|2004–2026| |Fundamentals & ownership|PIT fundamentals|902 tickers, 21 metrics|2013–2026| |Fundamentals & ownership|13F holdings|118M rows|2013–2026| |Fundamentals & ownership|ETF holdings (N-PORT)|5.9M rows|2019–2026| |Fundamentals & ownership|Earnings|12k reports|2008–2026| |Fundamentals & ownership|Short interest|93k rows|2016–2026| |Macro & events|US macro|29 series|1913–2026| |Macro & events|Global macro|264 countries, 61 indicators|1854–2026| |Macro & events|Expanded macro|239 countries, 157 vars|1086–2030| |Macro & events|Nowcast vintages|190 series, 3,591 vintages|1919–2026| |Macro & events|Treasury curve|2/5/10/30y|1962–2026| |Macro & events|Economic calendar|610 event types|2007–2026| |Macro & events|Factors|7 factors, daily + monthly|1926–2026| |Macro & events|FX long-run panel|275 countries|1257–2026| total file size is 34 gb Now I'm just sitting here with all of it and running out of ideas on what to actually do. if you guys had this what would you do