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<span style="font-weight: 400">The world’s second-largest cryptocurrency, Ethereum, has added more than 5 million new addresses in the last 30 days, as anticipation around the upcoming upgrades continues to surge. </span>

<span style="font-weight: 400">Data indicates Ethereum registered roughly 5.37 million addresses between Jun 6th,2021 - July 6th,2021, which means the network added approximately 173, 235 uniques addresses each day.</span>
<h2><span style="font-weight: 400">Ethereum Adds More Active Addresses Before Future Upgrades</span></h2>
<span style="font-weight: 400">Ether demand has grown exponentially over the last few days which has contributed to the rise in the number of daily active participants transferring the token. Last week, the asset surpassed Bitcoin in terms of active addresses for the third time in a month. </span>

<span style="font-weight: 400">According to Celsius Network CEO Alex Mashinsky, Ethereum has already <a href="https://www.youtube.com/watch?v=1qyFUxxVQVU" target="_blank" rel="nofollow noopener">started to flip</a> Bitcoin with broader adoption on the horizon. He believes layer-2 solutions will benefit Ethereum’s ecosystem and fix the prevailing issues in the foreseeable future.</span>

<span style="font-weight: 400">Mashinsky also suggests that <a href="https://www.cryptoknowmics.com/news/ethereums-london-hard-fork-to-be-implemented-in-august/">ETH 2.0,</a> which promises to solve Ethereum’s scalability issues, will be a major improvement on layer-2 solutions but will also work in tandem with them.</span>

<span style="font-weight: 400">With Ethereum overtaking Bitcoin in a key transaction and trading metric, many expect that the asset is poised to become the largest cryptocurrency in the market. For instance, investment bank <a href="https://www.cryptoknowmics.com/news/ethereum-may-overcome-bitcoin-as-store-of-value-but-not-gold-due-to-high-volatility-says-goldman-sachs/">Goldman Sachs</a> highlighted in a note to its investors that the asset may surpass Bitcoin to become a better store of value.</span>
<h2><span style="font-weight: 400">Ethereum’s London hard Fork and EIP-1559 Upgrade</span></h2>
<span style="font-weight: 400">Starting August 4, the Ethereum network will implement a highly anticipated upgrade dubbed the London hard fork which contains the EIP-1559 proposal. ETH’s principal developer Tim Beiko stated on July 6 that the mainnet upgrade will take place at block 12,965,000, due to which the London hard fork has been scheduled in August, instead of mid to late July as originally expected.</span>

<span style="font-weight: 400">The protocol upgrade will introduce a new fee structure, which has been hotly debated for reducing miner revenue. It will also make Ethereum mining more difficult on the network, thereby “freezing” the proof-of-work before the transition to proof-of-stake consensus.</span>
<h2><span style="font-weight: 400">Swiss Digital Asset Bank Offers Ethereum 2.0 Staking to Clients</span></h2>
<span style="font-weight: 400">Swiss digital asset bank <a href="https://www.sygnum.com/" target="_blank" rel="nofollow noopener">Sygnum</a> has begun offering Ethereum 2.0 staking to its clients via its institutional-grade banking platform. The institution will enable clients to earn a 7% annual yield on their staking and will integrate the staking services into its own platform with a user-friendly interface.</span>

<span style="font-weight: 400">Sygnum is well-aware of Ethereum’s capabilities to host powerful decentralized finance(DeFi) applications and would like to establish a secure setup for its client to gain exposure to the asset. The bank had previously hinted at its plans of introducing crypto staking accounts for its customers.</span>

<span style="font-weight: 400">Speaking on the benefits of the new offering, </span><span style="font-weight: 400">Thomas Eichenberger, Head of Business Units at Sygnum Bank, said, <em>“Ethereum is the second-largest blockchain protocol, and Ethereum staking is a core element for digital asset portfolios which can now be accessed in a convenient, secure and regulated setting.”</em></span>

<span style="font-weight: 400">He added, </span><em><span style="font-weight: 400">“This further expands Sygnum’s offering of attractive, regulated yield generating products to meet the needs of clients to accumulate other forms of return in addition to capital appreciation.”</span></em>

<span style="font-weight: 400">With a market capitalization of $250 billion, Ethereum is the biggest smart contract platform that has several DeFi protocols built on top of it.</span>
<h2><span style="font-weight: 400">The Ethereum 2.0 Upgrades</span></h2>
<span style="font-weight: 400">Ethereum 2.0 is a collection of upgrades aimed at making the network more scalable, sustainable, and secure. These upgrades would see the Ethereum blockchain transition from proof-of-work to proof-of-stake model, which is widely considered to be more eco-friendly.</span>

<span style="font-weight: 400">To date, the ETH 2.0 contract has garnered more than $14 billion in staking. The changes proposed in the upgrades are expected to be implemented in late 2021 or early 2022.</span>

Ethereum Registers Over 5 Million Unique Addresses Before Upgrades

Swiss-regulated digital asset bank Sygnum is offering custody and banking services for Internet Computer (ICP)  tokens. Holders of ICP tokens will now be able to deposit their tokens with the bank’s institutional-grade segregated wallets.
<h2><strong> Sygnum Bank Launching Custody Services for ICP Tokens</strong></h2>
Switzerland-based cryptocurrency bank Sygnum is <a href="https://www.insights.sygnum.com/post/sygnum-bank-plays-key-role-in-launching-and-operating-the-internet-computer" target="_blank" rel="nofollow noopener">launching</a> custody and banking services for Internet Computer (ICP) utility tokens, becoming the first bank to do so.

ICP holders will be now able to deposit their tokens with Sygnum, followed by the rollout of 24/7 spot trading, options trading, and loans against ICP holdings in the near future.

The bank also expects to offer Sygnum Lombard loans for ICP at a later date, allowing clients to access liquidity against ICP token holdings.

Incubated and launched by Dfinity, a Zurich-based nonprofit scientific research organization,<a href="https://www.cryptoknowmics.com/news/dfinity-internet-computer-hits-4-on-cmc-making-waves-in-the-blockchain-world/"> Internet Computer</a> is a blockchain project aimed at offering smart contract functionality at internet speed, creating a decentralized global computer based on its own ICP protocol.

In the announcement release, Manuel Krieger, Co-Founder, and member of Sygnum Bank’s Board of Directors, said:

<i>“We believe that the decentralized and open nature of the Internet Computer will spark a wave of innovation across internet services, software platforms, and user experiences. Our active involvement reflects the open values of our company and our commitment to realizing the trusted, secure, and efficient digital asset ecosystem we call Future Finance.”</i>
<h2><strong>ICP Most Disruptive Tech After Bitcoin, Ethereum</strong></h2>
According to Dominic Williams, Founder and Chief Scientist of the Dfinity Foundation, the ICP is the third most disruptive technology in the blockchain industry after Bitcoin and Ethereum, adding:

<em>“It supports smart contract software that can run at web speed and serve web to users for the first time, and a network that can scale its compute capacity with user demand, greatly increasing the potential applications of a public blockchain.”</em>

Despite ICP token the receiving much-needed support from Sygnum bank, the <a href="https://www.cryptoknowmics.com/news/crypto-market-correction-lucidates-over-300000-traders-address-shifts-9055-btc/">cryptocurrency</a> was down by approximately 29.5% in the past 24-hours and is currently trading around $142.

With over 469,213,710 circulating supply of ICP tokens, the cryptocurrency's fully diluted valuation stands at <span class="no-wrap">$66,231,773,479.
</span>

Ethereum Registers Over 5 Million Unique Addresses Before Upgrades

Sygnum Bank to Offer Custody Services for ICP Tokens

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