I posted on this earlier but repeating now as the day has arrived.

In very brief, Cryptocurrency Ethereum is the second-largest blockchain network, and it will be getting an update, known as Ethereum Improvement Proposal (EIP) 1559, that will

  • significantly alter the way transactions are processed
  • reduce the supply of the ether token

Reuters have more detail here.

Price update:

I posted on this earlier but repeating now as the day has arrived.