A recent Execution Layer Meeting between Ethereum Foundation and core developers revealed some testing updates from Devnet-8 and Holesky testnet. The Devnet-8 has been recently launched which is the test network for Cancun upgrade.
The Holesky Update
Recently, Parithosh Jayanthi, a DevOps at the Ethereum Foundation, informed during the Execution Layer Meeting that there were updates to share on about Devnet-8 and Holesky testnet. This was in response to the meeting called for on various other topics by Tim Beiko, an Ethereum core developer.
ETH Price: What Could Impact?
Around August 18, 2023, the wider crypto markets experienced a bearish cycle over selloff in the US financial markets as well as the news on SpaceX selling off its Bitcoin holdings.
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Meanwhile, the Ethereum price could likely go through increased volatility in the coming months surrounding the news of a potential Ethereum based futures ETF approval. Earlier, speculation was around that the U.S. Securities and Exchange Commission (SEC) may likely give a nod to the Ethereum futures exchange-traded funds (ETFs).