Ethereum may have lagged behind its peer altcoins this bull season, but its rebound has been swift. Over the past week, ETH has climbed by nearly 10%, pushing its price above $3,600. In fact, LunarCrush’s latest analysis indicates that Ethereum is displaying “ultra strong” activity and even outshining numerous other assets in the market. Renewed...Read More
Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. His statement comes amid concerns that Layer 3 networks are taking away from Ethereum’s value and security. L3...Read More
Ether (ETH) has lost more than 11% of its value in the past six days, falling from $4,000 to $3,500, but a vast majority of its holders are still in profit. According to a tweet by crypto market intelligence platform IntoTheBlock, around 89% of ETH holding addresses are currently in the green. 89% of ETH...Read More
Coinbase is advocating for the Securities and Exchange Commission (SEC) to approve the listing of the Grayscale Ethereum Trust for trading. In a letter submitted in response to a proposed rule change by NYSE Arca, Coinbase expressed strong support for the listing and trading of Grayscale Ethereum Trust (ETHE) shares as an Ethereum Exchange-Traded Fund...Read More
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
The bankrupt cryptocurrency lender Celsius Network has executed large transfers involving roughly $1 billion in ether (ETH) to centralized crypto exchanges Coinbase and Paxos, probably in preparation for its creditor repayment schedule. According to data from the crypto analytics platform Arkham Intelligence, Celsius moved the funds over 13 transfers, including two test transactions. Celsius Moves...Read More
What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came...Read More
The US Securities and Exchange Commission (SEC) has extended its decision on whether to approve or disapprove a spot Ethereum exchange-traded fund (ETF) application by investment management company Invesco and crypto financial services firm Galaxy Digital. The SEC gave a 45-day extension, allowing itself until February 6, 2024, to make its decision on the product....Read More
While the recent headlines may have captured Binance and CZ’s legal troubles and the increased regulatory scrutiny on centralized exchanges, there has been a notable shift in the Ethereum staking pool dynamics. With the increase in the number of validators exiting the pool, ETH issuance has seen a slowdown in its growth rate. This has...Read More
BlackRock may be preparing to launch a spot Ethereum (ETH) ETF amid roaring confidence that its spot Bitcoin (BTC) ETF application is all but certain, a new company registration suggests. The price of ETH has soared 8% on the day to $2,020. As shown by @SummersThings on Twitter, BlackRock registered a corporation named the “iShares...Read More
On Aug. 18, Bloomberg cited ‘people familiar with the matter’ claiming that the regulator is not likely to block the products which many companies have been waiting on. Ethereum futures ETFs are not entirely bullish for ETH because they allow institutional investors to short the asset. However, approval will be a big win for the...Read More
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base. The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC. ‘Exciting Times Ahead’ According to a document seen by CryptoPotato, Ramp...Read More
The team behind Base – an Ethereum Layer 2 chain built on OP Stack in collaboration with Optimism – said its mainnet is available for builders to deploy their products. The entity will release a “Genesis Builder” NFT to commemorate those who entered the ecosystem from the get-go. However, it has no intentions of issuing...Read More
Joseph Lubin (one of Ethereum’s co-founders) said it is clear that Ether (ETH) – is a commodity and not a security. Some regulators in the USA, including the SEC, have been somewhat uncertain regarding the coin’s status. No Doubt That it is a Commodity In a recent interview for Bloomberg, Lubin said it is a “forgone conclusion”...Read More
Hong Kong and Shanghai Banking Corporation (HSBC) – the largest bank in the region – has reportedly allowed customers to buy and sell Bitcoin and Ethereum ETFs, becoming the first local financial institution to do so. It also launched an educational program that investors need to read before hopping on the cryptocurrency bandwagon. As revealed...Read More
The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good,...Read More
A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.” His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that...Read More
The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets,...Read More
Ethereum (ETH) appears trapped under $2000 after a stock rally has failed to push it past the price point, according to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Here’s what the analyst believes Ethereum needs to break the 12-month-long resistance level. Ethereum’s Major Resistance In a tweet on Thursday, McGlone said that $2000 looks...Read More
This year, Ethereum’s network officially transitioned to a Proof-of-Stake consensus algorithm, leaving Proof-of-Work forever behind. One of the multiple implications The Merge has had on the protocol is that there are no longer Ethereum miners. Validators secure the network now, and the path to becoming one is supposed to be tremendously simplified – deposit 32...Read More
Naturally, the question of whether Ethereum will overtake Bitcoin by total market cap is very interesting to crypto investors. And there are some pretty strong arguments to be made on both sides, which is why we decided to engage with unbiased AI chatbots. Will Ethereum Bitcoin Flippening Happen? Bitcoin maxis believe BTC will be the...Read More
Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month. In fact, the total volume of crypto-asset staked has exceeded 20 million. The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking...Read More
Ethereum network’s active deposits have reached an eight-month high. This metric depicts the total number of all incoming and outcoming transactions involving deposit addresses and accounts for both user-to-exchange transactions – from a personal wallet to a deposit address, as well as from a deposit address to the main exchange wallet. According to the latest...Read More
A bitcoin whale whose wallet remained untouched for 12 years recently moved 400 BTC (equivalent to approximately $11 million) to numerous addresses. This is yet another long-term HODLer who wakes up after nearly a decade of inactivity. A dormant BTC whale transferred over 2,000 BTC last week for the first time in nine years. The...Read More
A wallet that participated in Ethereum’s initial coin offering (ICO) in 2016, which remained dormant since then, has finally woken up after seven years and seven months. According to a tweet by on-chain analysis firm Lookonchain, the address transferred one ether (ETH) to a new address about 13 hours ago, marking its first transaction. The...Read More
The Merge represented the Ethereum network’s transition from proof-of-work to proof-of-stake. 218 days later, more than 103,092 ETH has been eliminated from the supply of the world’s largest altcoin. At current prices, this amounts to a little over $197 million. Deflation on the network is on the rise as the supply declined by 0.146% per...Read More
Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on...Read More
Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively...Read More
Hackers drained almost $13 million worth of digital assets from the South Korean cryptocurrency platform GDAC. This is the latest in a string of setbacks the industry went through. The Latest Victim The exchange’s team notified its users on April 9 that hackers exploited the Gdac Hot Wallet and transferred a significant amount of cryptocurrencies...Read More
BTG Pactual – one of Latin America’s largest investment banks – will reportedly launch its own stablecoin, whose value will be tied to the American dollar. The corporation joined the industry years ago by issuing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil. The Latest Push According to Reuters, Banco BTG...Read More
