According to Cumberland, staked ether will remain locked until Ethereum Improvement Proposal (EIP)-4788 releases them. That date is not yet known. So, ether stakers, who are exposed to price declines, are likely to sell futures, keeping premiums under check. The popularity of staking depends on yields, and the greater the yield, the stronger the demand for ether staking and selling ether futures. Source
This was possible because of how the Rainbow bridge works. As a wholly decentralized platform, Rainbow relies on several validators, called bridge relayers, who submit block info on Near blocks to Ethereum. Anyone can submit information to Rainbow, and false information could likely result in a loss of all user funds. Source
Meanwhile, the researcher added that over 113,000 ether sent to Tornado Cash was additionally converted to renBTC, a token on the Ethereum network that represents bitcoin, through decentralized exchanges Uniswap and 1inch. The renBTC was later transferred from Ethereum to Bitcoin and redeemed for spot bitcoin. Source
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero. Largest Ether Mining Pool to End PoW Ethereum Mining — Ethermine Ethereum Mining Pool Will Switch to Withdraw-Only Mode After the Merge According to a recent announcement from the world’s largest ethereum mining pool, Ethermine, the platform plans to halt ETH mining as soon as The Merge takes…
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“As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk,” Tim McCourt, global head of equity and FX Products at CME Group said in the statement. “Our new Ether options will offer a wide array of clients greater flexibility and added precision to manage their ether exposure ahead of market moving events,” he added. Source
The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2022. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source AmericasBitcoincontinuesCryptoEtherFuturesMarketMoverShareSlideSteal CryptoX Portal
Ether options have been trading for a much shorter time compared to Bitcoin options, but the former has done an impressive job catching up with its predecessor. Bitcoin had dominated as the leading crypto options asset in the space, with billions pouring into it. However, the tide had begun to turn in the 3rd quarter of 2022 when an important update about the Ethereum Merge triggered a surge in interest for Ether options. Ether Options Surpass Bitcoin Ether options debuted in the market back in January 2020, and it has…
BTC prices continued to trade down but within a narrow trading range. Bitcoin (BTC) fell 2% on Tuesday, its fourth consecutive daily decline.The largest cryptocurrency by market capitalization has dropped 6% since crossing $25,000 briefly on Aug. 14.Ether’s (ETH) price also tumbled for a fourth consecutive day, dropping 1.2% over the past 24 hours. The second-largest cryptocurrency by market capitalization behind bitcoin is now down 8% from the psychologically important $2,000 level it last cracked on Aug. 15. Ether has flirted with $2,000 for much of the past week after…
La Fed elevó las tasas en 75 puntos básicos al rango de 2,25%-2,5% y abandonó la orientación a futuro, diciendo que los próximos movimientos dependerán de los datos. Desde entonces, los mercados han estado valorando aumentos de tasas más lentos y una eventual relajación de la liquidez en 2023, siguiendo la caída de los precios de las materias primas. Las expectativas moderadas se fortalecieron la semana pasada después de que EE. UU. reportara una inflación de precios al consumidor más suave de lo esperado para julio. Original