#Ethereum
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Jay Jacobs, BlackRock's Head of Thematic and Active ETFs, explained the primary allure of ETH compared to BTC while presenting the company's spot Ethereum ETF to investors. He emphasized that Bitcoin's main attraction is its scarcity, whereas Ethereum's appeal lies in its versatility. 
What Is Pectra? Ethereum’s Next Upgrade
The next major upgrade of the Ethereum network is on its way. In an Ethereum Developers Meeting in June, the team discussed its implementation scope. Called Pectra, the upgrade promises to significantly improve the Ethereum user and developer experience. The target for its release is set for sometime in Q1 2025. 
The Celo Foundation, the entity behind the L1 blockchain Celo, has successfully launched the Dango L2 testnet. Developed on the OP stack, Dango is now part of the Optimism Superchain ecosystem, which includes other projects like Base and Zora. The deployment of this L2 blockchain is a key component of the community's plan for migration to Ethereum. Who Are Ethereum Core Developers?
Ethereum core developers are a part of a larger development community, involved in researching, building, and upgrading the network’s fundamentals. They are called core developers or protocol developers based on their skills and contributions to the network. Below, we’ll break down the role of an Ethereum core developer. 
Consensys has reported that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, deciding not to classify it as a security. This announcement follows the approval of Ethereum ETFs and comes just before the expected start of trading in July. 
The Ethereum ecosystem, including its L2 and L3 blockchains, has set a new record for transactions per second at 245 TPS. A significant portion of this achievement, nearly 50% or 101 TPS, was contributed by the relatively new gaming-focused L3 blockchain, Xai, even though its total value locked (TVL) is less than $2 million. 
July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion. 
In a recent blog post, Ethereum founder Vitalik Buterin addressed the growing trend of endorsing politicians who claim to support the crypto industry. He notes that positive sentiment towards cryptocurrencies is insufficient. Supporting certain crypto advocates in elections might conflict with the cypherpunk values that initially shaped the first crypto communities. 
Top ZK Rollup Projects in July 2024
ZK (Zero Knowledge) rollups have become one of the main scaling narratives in blockchain. As of July 2024, there are multiple ZK Rollup projects implementing different techniques to scale Ethereum. Developments focused on Bitcoin started gaining traction, too. In this article, we'll take a look at 5 promising ZK projects using rollup technology. 
Bloomberg reports that Standard Chartered, a multinational financial corporation, is developing its own platform for trading Bitcoin (BTC) and Ethereum (ETH). This new division will operate as part of the bank's global banking sector, with its management hub based in London. 
