“We do think this is actually a game changer,” Chen told CoinDesk TV’s “First Mover” on Wednesday about the network’s Shanghai (or Shapella) upgrade. “If you think about it, this is the first time that Ethereum has a long-term, market-risk-free yield curve that can actually go for a long run.” Source
The Anoma Foundation, the organization behind Namada, says it’s targeting a May 2023 mainnet launch, after which the exact timing and mechanics of the airdrop will be finalized. The foundation also stewards Anoma, a separate privacy-preserving protocol. Source link
Investors are awaiting Ethereum’s upgrade, which is expected to go live late Wednesday. Source
Ether (ETH) price has increased by 58% year to date, but it has far underperformed the market leader Bitcoin (BTC). In fact, the ETH/BTC price ratio has dropped to 0.063, its lowest level in 9 months. Analysts believe that the majority of the movement can be attributed to the Ethereum network’s upcoming Shapella hard fork, which is scheduled for April 12 at 10:27 p.m. UTC. Ether / Bitcoin price ratio at Binance. Source: TradingView The Ethereum network upgrade will allow stakers to unlock their Ether rewards or stop staking entirely.…
The House vote is expected to be more contentious, in part because bitcoin miners have cranked up their advocacy against the bill. Three lobbying groups including the Texas Blockchain Council, the Chamber of Digital Commerce, and Satoshi Action Fund launched a campaign against the bill on Monday, which they say is “anticompetitive.” Original
Cryptocurrency exchange FTX may be considering restarting in the future, according to the legal team behind the debtors. In an April 12 hearing in United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto firm had recovered roughly $7.3 billion in assets. A March filing from the debtors reported the four FTX company silos had roughly $4.8 billion in scheduled assets as of November 2022, with an investigation into the assets ongoing. According to the legal team, FTX will also consider…
On April 12, Ethereum-based noncustodial lending protocol Euler Finance announced that it would open redemptions after hackers returned the vast majority of assets stolen in a $197 million flash loan exploit last month. Euler says it will repay all sub-account liabilities at the block the protocol was disabled on March 13. The on-chain price oracle, provided by either Uniswap or Chainlink, will determine the Ether (ETH) value of assets and liabilities. The company explained: “Markets that have bad debt in excess of reserves (a few long-tail markets that suffered oracle…
TA is a graphical representation of investor behavior, with certain patterns and indicators providing a clue about what’s coming next. It has an important place in the three-legged stool of fundamental, technical and quantitative analysis. Source analystsCryptoTechnical CryptoX Portal
The blockchain analytics firm says nearly 4,000 validators have already unstaked 141,499 ETH (worth about $270 million) that’s currently waiting to be withdrawn. This represents less than 1% of Ethereum’s total validators and staked ETH, according to Nansen. Crypto exchange Huobi is waiting to remove almost 40,000 ETH, making it the largest entity in the withdrawal queue. Source
CryptoX – Cryptocurrency Analysis and News Portal However, the attorney stressed that the possibility of re-starting FTX is one of many, and any decisions are far from final.”There are as many opinions on this, I think, as there are professionals involved in this case,” Dietderich said. “And that’s a lot.” Source The post Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges appeared first on CryptoX. CryptoX Portal