NewsSignals
NewsSignals AI analysis·Jinse Finance·

Ethereum Delays Glamsterdam Testnet Activation Over EIP-8037 Risks

Grade Abearish AI signal$ETH
Ethereum has delayed activation of the Glamsterdam upgrade on the Hoodi testnet, which had been scheduled for October 26. The delay follows concerns raised by ChainSecurity over EIP-8037's proposed gas repricing mechanism. The firm said the change could cause smart contracts to permanently record failed operations and disrupt compatibility with existing mainnet contracts. During the 248th All Core Devs Execution meeting, core developers cancelled the planned fork, including a proposal to raise the gas limit to 200M. Hoodi does not yet have a new activation date. The testnet delay also pushes back the expected mainnet upgrade timeline, which had previously targeted early to mid-December. ETH market participants are watching for further Hoodi and EIP-8037 updates.

Bullish strength: 30/100

  • Development team prioritizes fixing security risks

Bearish strength: 70/100

  • Glamsterdam testnet activation delayed
  • EIP-8037 poses compatibility and execution risks

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Related market news analysis

More recent source-attributed AI analysis in crypto.

Bitcoin Below $82,000 as Stock Market Pressure Weighs on Crypto

Bitcoin remains below $82,000 as AI-related fears trigger a broader sell-off across technology stocks and cryptocurrencies, despite a modest rebound to $81,828. The Nasdaq fell 2.6% in its largest single-day decline since June, while spot Bitcoin ETFs recorded $1.07 billion in net inflows over three consecutive days, signaling improving institutional demand. Continued pressure on risk assets could weigh on Bitcoin, but sustained ETF inflows may help cushion further losses.

Bitcoin Below $82,000 as Stock Market Pressure Weighs on Crypto

Bitcoin remains below $82,000 as technology and AI stock losses fuel pressure across risk-sensitive markets, despite a modest rebound to $81,828. The Nasdaq fell 2.6% in its steepest one-day decline since June, while spot Bitcoin ETFs recorded $1.07 billion in net inflows over three consecutive days. Continued equity-market weakness could pressure Bitcoin further, although sustained institutional ETF demand may help cushion losses.

BTCUSD: Bitcoin Steadies Below $82,000 as ETF Flows Reverse Sharply. When Bottom?

Bitcoin steadied near $81,700 after falling more than 4.5% from Wednesday's peak above $84,800, as sharply reversing ETF demand added pressure ahead of Friday's options expiry. Spot Bitcoin ETFs recorded $635.6 million in net outflows Thursday, including $254.1 million from BlackRock's IBIT, while approximately $1.3 billion in Bitcoin options approached expiry with a reported max-pain level of $82,000. Bitcoin could face further downside toward $80,000 if buyers fail to defend support, while reclaiming $82,000 may signal an initial recovery.

Ethereum delays Glamsterdam test after security devs flag risk to existing contracts

Ethereum developers have postponed the Glamsterdam upgrade on the Hoodi testnet after security researchers identified potential changes to how existing smart contracts handle failed transactions. The concerns center on EIP-8037 and EIP-8038, which could alter gas accounting and cause some contract operations to succeed or fail differently under the proposed rules; no replacement date has been announced. The delay could pressure short-term sentiment around ETH and Ethereum's upgrade timeline, although developers say the findings do not indicate that existing contracts are currently being exploited.