Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Crypto

Two Rival Ethereum Proposals Aim to Keep the Glamsterdam Upgrade From Breaking 200,000-Plus Existing Contracts

by Team Lumida
November 9, 2026
in Crypto
Reading Time: 3 mins read
A A
0
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp
  • Ethereum’s next upgrade has a compatibility problem. Glamsterdam proposals EIP-8037 and EIP-8038 raise gas charges for creating and touching stored data; under EIP-8037 the base charge for creating a contract rises from 32,000 gas to 183,600, CoinDesk reported.
  • Two developers filed rival fixes on Sunday. Leo Glisic’s EIP-8488 keeps existing contracts on today’s gas schedule and charges new rates only to new contracts, while Giulio Rebuffo’s draft charges everyone the new prices but runs a second meter so old apps keep working.
  • The risk is already slowing the upgrade. A second test-network rehearsal set for Oct. 26 was postponed after security researchers raised alarms, and developer banteg cited an existing list of 200,000 affected contracts that he said misses many more.
  • Neither fix has a target date. Rebuffo’s draft admits no client implementation or consensus tests have been run, and the next private test, estimated for Nov. 16 to 20 at the earliest, was planned before either draft existed.

What Happened?

Two developers filed competing proposals on Sunday to keep Ethereum’s planned Glamsterdam upgrade from breaking apps that already hold users’ money, CoinDesk reported. Glamsterdam includes EIP-8037 and EIP-8038, which raise the gas Ethereum charges for creating and touching stored data; under EIP-8037, the base charge for creating a contract rises from 32,000 gas to 183,600 before code storage and execution costs. Many contracts were written assuming those costs would never change, and some pay a fixed amount of gas when calling another app, so a higher cost makes the call fail. Glisic’s EIP-8488 splits the instruction set so “existing contracts keep the legacy schedule,” while Rebuffo’s design uses two gas meters per transaction, one for execution under old rules and one for billing under the new schedule.

Why It Matters?

Glamsterdam is Ethereum’s next major upgrade, and any delay or design change affects ETH’s development roadmap and the protocols built on it. Security researcher pcaversaccio wrote on X that Glamsterdam “should not be shipped in its current form, period,” and banteg said the gas increases affect “several high profile protocols, not just some random devs misusing opcodes.” Breaking immutable contracts that custody user funds would be a serious risk for decentralized finance, which is why the two drafts take different approaches to what contracts see versus what users pay.

What’s Next?

Both proposals remain drafts without target dates, and Rebuffo’s has not been implemented or tested by any execution client. Developers estimated on Oct. 29 that the next private test of the upgrade could come Nov. 16 to 20 at the earliest. Watch whether core developers adopt one of the fixes or rework the gas repricing before scheduling the next rehearsal.

Affected Tickers and Coins: ETH

Source: CoinDesk

Previous Post

Solana Moves to Scrap ‘Durable Nonces,’ the Feature Exploited in the $270 Million Drift Hack, No Earlier Than May 2027

Next Post

Nvidia Falls About 6% in Overseas Trading as the Board Opens an Independent Probe Into Whether CEO Jensen Huang Was a Spy Target

Recommended For You

Solana Moves to Scrap ‘Durable Nonces,’ the Feature Exploited in the $270 Million Drift Hack, No Earlier Than May 2027

by Team Lumida
8 minutes ago
Solana Schedules Oct 21 Alpenglow Upgrade for 150ms Finality; Validator Vote Removal May Sharply Drop Headline Transaction Counts Even if User Activity Stays Flat

A draft Solana proposal would retire durable nonces, used in the $270 million Drift hack, no earlier than May 5, 2027, forcing custodians to rebuild signing.

Read more

Bitcoin Hits $73,761, Its Lowest Since August, as Nvidia Spy Probe and Stalled Iran Talks Trigger $1 Billion in Liquidations

by Team Lumida
8 minutes ago
Bitcoin’s Long-Dormant Bull Signal Is About to Trigger — First Major Moving Average Alignment Since June 2025 as Recovery Momentum Crystallizes

Bitcoin sank to about $73,761 before bouncing above $75,000 as the Nvidia CEO scandal and stalled Iran talks wiped out over $1 billion in leveraged bets.

Read more

Trump-Linked World Liberty Financial Announces WLFI Token Buyback—Down 70% from 2026 High; Political Repricing Crushes Republican-Aligned Crypto; Governance Vote Consolidation Strategy

by Team Lumida
3 days ago
Why Bitcoin’s “Wild Weekends” Are Over: Insights from Kaiko

World Liberty Financial (Trump co-founded) launches WLFI buyback plan after token fell 8% since election night, down 70% from 2026 peak. Funded via USD1 stablecoin reserve fees; aims...

Read more

Bitcoin Developer Proposes ‘Quantum Landmines’—Hidden Traps Force Thieves to Stake Collateral or Lose It

by Team Lumida
3 days ago
Bitcoin’s Hopes Dashed: China’s Stimulus Shortfall

Cory Fields (MIT Digital Currency Initiative) proposes quantum-safe mechanism requiring attackers to post matching collateral before stealing. Owners deploy hidden proof-of-ownership; if thief moves coins, both sums lock...

Read more

Zcash NU7 Upgrade Activates; Block Time Cut to 25 Seconds; Private Payment Confirmations 3x Faster; Fee Allocation Shifted to Reserve Pool for Future Miners

by Team Lumida
3 days ago
Zcash Goes Three Times Faster — NU7 Upgrade Cuts Block Times to 25 Seconds on Testnet Before November Mainnet Launch

Zcash NU7 live at block 3,543,405 (Feb 6 UTC). Target block time 75s → 25s; first confirmation ~25s, 3-confirmation wait ~75s. Mining difficulty adjusting; 3.43% block orphan rate...

Read more

Hyperliquid Seeks U.S. Futures Commission Merchant Status; HypeStrat Markets FCM Application Pending; Trump Admin Backing Onshore Crypto Derivatives; HIP-3 Framework for Permissioned Markets

by Team Lumida
3 days ago
Hyperliquid Seeks U.S. Futures Commission Merchant Status; HypeStrat Markets FCM Application Pending; Trump Admin Backing Onshore Crypto Derivatives; HIP-3 Framework for Permissioned Markets

Hyperliquid Strategies (PURR) seeking FCM status via HypeStrat Markets subsidiary; application filed Aug 2026, pending NFA approval. Trump administration backing move to bring onshore; CFTC opening gates to...

Read more

Arkansas Sues Kalshi as an Illegal “Pocket-Sized Bookie,” Adding Another State to the Prediction Market’s Growing Legal Pile

by Team Lumida
4 days ago

Arkansas AG Tim Griffin sued CFTC-regulated Kalshi for alleged illegal gambling, joining Utah and a lengthening list of state actions.

Read more

Trump-Linked American Bitcoin Posts $126 Million Q3 Profit on a $197 Million Digital-Asset Gain as Shares Fall 5.6%

by Team Lumida
4 days ago
Bitcoin’s Long-Dormant Bull Signal Is About to Trigger — First Major Moving Average Alignment Since June 2025 as Recovery Momentum Crystallizes

American Bitcoin swung to $126 million of Q3 net income including a $197 million pre-tax crypto gain, but shares fell 5.6% to $6.24.

Read more

Trump Media Moves About 4,259 Bitcoin — Roughly $342–$434 Million — to Crypto.com From Convertible-Note Collateral Wallets

by Team Lumida
4 days ago

Arkham data show Trump Media wallets sent about 4,259 BTC to Crypto.com from addresses labeled convertible-notes collateral; a sale is not confirmed.

Read more

Bitcoin Holds Above $80,000 as Zcash Jumps About 12% and Ether Rises 8% in a Post-Election Crypto Rebound

by Team Lumida
4 days ago

Bitcoin traded near $80,484, up 5.7% over 24 hours, while Zcash jumped about 12% and ether rose 8% after the Democratic sweep.

Read more
Next Post
The AI Capex Machine Keeps Roaring — Nvidia’s Manufacturing Partner Hon Hai Crushes Estimates as Server Demand Drowns Out Recession Fears

Nvidia Falls About 6% in Overseas Trading as the Board Opens an Independent Probe Into Whether CEO Jensen Huang Was a Spy Target

Trump Backs Nvidia’s Jensen Huang as a “Fine Person” Who Should Stay CEO After His Admitted Affair With a Suspected China Spy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

U.S. Opens First Greenland Consulate Since the 1950s as Protests Erupt Over Trump’s Designs on the Island

May 21, 2026
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

China Analysts Expect US to Ease Export Curbs for Magnet Relief

October 28, 2025
XRP’s Total Market Value Is Down 3% Since 2017. Its Price Is Down 62.5%. The Difference Is Supply

XRP’s Total Market Value Is Down 3% Since 2017. Its Price Is Down 62.5%. The Difference Is Supply

October 16, 2026

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Legacy
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Opinions
    • Investing Philosophy
    • Op-Ed
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Investing Philosophy
  • Latest
  • Legacy
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Op-Ed
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips Amazon Apple Artificial Intelligence Banking Bank of America China Commercial Real Estate CPI data centers Donald Trump EARNINGS ELON MUSK Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Novo Nordisk Nuclear Energy Nvidia oil OpenAI private equity S&P 500 SEC Semiconductor stock market stock surge Tech Stocks tesla Trump Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018