ETHEUR
Ethereum / Euro
cryptoComposite

ETH/BTC is a useful metric for measuring relative strength. A falling ratio means ETH is underperforming BTC, even if both are moving in the same direction against USD. The key is whether that weakness is temporary or part of a longer-term trend. One specific ratio level alone doesn't really confirm either.

**Tricky's Daily Doots #1,637** **Yesterday's Daily 27/10/2026** [Previous Daily Doots](https://old.reddit.com/r/ethereum/comments/1xgjo6e/daily_general_discussion_october_27_2026/19rqa77q3q1yc/) - u/alexiskef informs us of [the rest of the Keystone hack saga.](https://old.reddit.com/r/ethereum/comments/1xgjo6e/daily_general_discussion_october_27_2026/19rq15hhdnqld/) 🔓 - u/abcoathup tells us about needing to upgrade ENS names.](https://old.reddit.com/r/ethereum/comments/1xgjo6e/daily_general_discussion_october_27_2026/19rr93g5e95r8/) 📇 - u/ethdaily delivers [the daily ETH news.](https://old.reddit.com/r/ethereum/comments/1xgjo6e/daily_general_discussion_october_27_2026/19rr489rmvq03/) 📝 - u/Numerous_Ruin_4947 covers [the Glamsterdam testnet bug.](https://old.reddit.com/r/ethereum/comments/1xgjo6e/daily_general_discussion_october_27_2026/19rrd92pyer8h/) 🪲

Wen ETH 7k

I moved my USDC over to Base, and the Coinbase Wallet app lets me send it there without holding any ETH

I believe people are quite disillusioned about ETH, the last bullrun was a massive disappointment. I guess everyone who still hold ETH are long term holders, and don't bother with the short term movements. Ethereum is the biggest and the best still, but there's very little hype. It just works. So we need to see reclaiming of at least 4K before people might wake up again I believe

Ripple is now a bank, per the OCC. They're going to be using stablecoins quite a bit, but when it comes to moving lots of money between currencies, guess what they're going to be using for the conversion? Ripple has embedded themselves deeply into global finance, custody, treasury, and global trust. IMHO, this is the new world reserve currency. Even the haters have always called it a bankers coin. They were right. There will be many very valuable cryptos in the future. AI agents need crypto to pay each other. Velocity of money is where XRP will shine. People will use XRP in transactions, and not even know it, or it's name. Want to send a stablecoin? Want to pay ETH prices, or XRPL prices? Which is faster? Who do you trust more? Brad G. or the guy who eats his boogers onstage?

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.