The proliferation of layer 2s, which have been developed to help Ethereum scale and increase its capacity, has also contributed to bringing down fees, the report noted. While the development is positive for Ethereum users who can execute transactions cheaper than before, it impacts ETH’s supply by keeping it inflationary by burning fewer tokens than new issuance. Source
Ripple chief technology officer David Schwartz has countered the Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security. Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption. ETHgate is a conspiracy theory alleging that Ethereum received a free pass from U.S. regulators, particularly the U.S. Securities and Exchange Commission (SEC), which has been reiterating its stance that ETH isn’t a security for years. Despite…
ETH staking growth was “exceptionally strong” since the Merge – when Ethereum transitioned to proof-of-stake in September 2022 – and Shapella upgrades, but the initial fervor has started to cool, David Lawant, head of research at institutional crypto exchange FalconX, noted in a market report. Source
On-chain data shows Ethereum whales have sold around 12 million in the cryptocurrency within the past year and have shown no signs of slowing down. Ethereum Whale Holdings Have Been In Constant Downtrend Since 2020 In a new post on X, analyst James V. Straten has discussed how the Bitcoin and Ethereum whales have shown some stark contrast in their behavior. Here is the chart that the analyst has shared, which compares the trends in the holdings of these humongous holders for the two assets over their entire history: How…
Still, bitcoin and ether continue to trade largely steady. Bitcoin, the leading cryptocurrency by market value, has been locked in a narrow range of $27,000- $28,500 this month. Ether, meanwhile, remains stuck in the two-month range of $1,550- $1,750. Source
“Technically, bitcoin remains in an uptrend but ran into resistance at its 200-day moving average over the weekend,” the analysts said. “All eyes will be on BTCUSD to see if it can successfully consolidate above $28,000, the 200-day moving average. If it does, we can expect a quick rise to as much as $29,500.” Source
The liquidations happened as crypto prices tumbled as the fight between Israel and Hamas and rising turmoil in the region jolted investors, weighing on risk assets. The largest digital asset, bitcoin (BTC), was down over 2% before climbing back to $27,600. At one point, ether (ETH) slid almost 5% and large-cap cryptocurrencies solana (SOL), Polygon’s native token (MATIC) and Polkadot’s (DOT) endured 6% to 7% declines. They rebounded some later. Original
The Ethereum Foundation develops applications and programs for the Ethereum network, but isn’t an official entity or a centralized group that controls what happens on the chain. However, it remains very influential and can impact token prices or Ethereum’s inherent outlook among investors or developers. Source
The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser. Huobi Global‘s HTX crypto exchange has confirmed a refund of the funds stolen in September. The total sum of the refund has amounted to $8.2 million worth 4,999 Ethereum (ETH). Seems that the company has negotiated with the hacker, and as a result of the talks, the hacker made “the right choice” agreeing to…
Prominent crypto exchange Coinbase has emerged as the second largest ETH staking entity based on a recent scoop by Chinese reporter Colin Wu. This development comes amidst growing concerns about network centralization in regard to Lido’s dominance in the ETH staking market. Coinbase Accounts For 14.1% Of ETH Staking Activity – Report According to Wu, a report from Dragonfly data scientist hildobby, using data from Dune analytics, reveals that Coinbase presently has 3.873 million staked ETH, representing 14.1% of all staked ETH. Coinbase dominance in the ETH staking sphere is only…