Polygon Labs has announced that the POL token upgrade is now live on the Ethereum mainnet. The upgrade to POL has been initiated on the Ethereum mainnet following several months of development, community consultation, and a successful testnet launch. POL Token Upgrade Goes Live Even though POL has been deployed on the mainnet, this does...Read More
Prominent decentralized crypto derivatives exchange dYdX has unveiled the open-source code for its upcoming version 4. The new dYdX Chain – based on the Cosmos SDK and Tendermint Proof-of-stake consensus protocol – is expected to offer transactions of up to 2,000 per second. This is essentially the initial phase of the v4 upgrade, as the DEX...Read More
In the dynamic world of SocialFi, where the battle for supremacy is relentless, a certain Friend.Tech user made waves by dumping 850 ether (ETH) worth of keys on Monday. This move was followed by a switch to a rival platform, New Bitcoin City (NBC), a social app built on the Bitcoin blockchain. NBC Surges as...Read More
Meitu (1357), the pioneering Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a strategic shift away from digital assets like Bitcoin and Ethereum. The company, which made headlines in 2021 for investing around $100 million in cryptocurrencies, has revealed that its growth is now driven primarily by its artificial intelligence (AI)...Read More
Ethereum is getting more concentrated into the hands of whales, according to the latest data from on-chain analytics provider Santiment. On October 18, Santiment reported that billionaire Ethereum investors with more than 1 million ETH hold 32.2% of the available supply for the first time since 2016. Furthermore, Ethereum transactions exceeding $1 million hit their...Read More
ProShares is gearing up to introduce a unique offering to the market. The firm recently launched three Ethereum futures ETFs and is now preparing to debut the ProShares Short Ether Strategy ETF (SETH). This new ETF is poised to launch in early November, just a few weeks after the initial Ethereum futures ETFs debuted. ProShares...Read More
The Ethereum blockchain validator queue has cleared for the first time since the Shanghai upgrade in May, according to a research report from Coinbase. The drop suggests that investor demand for ether (ETH) staking may stabilize. Validators play a crucial role in verifying transactions on the Ethereum blockchain by committing ether in exchange for rewards....Read More
Blockchain entrepreneur Justin Sun has emerged as the largest Ethereum (ETH) pledger, committing over 282,796 ETH, approximately equivalent to $439 million. Sun committed significantly to the Ethereum 2.0 staking platform, Lido, utilizing two distinct addresses. This recent blockchain activity underscores Sun’s ongoing investment in the Ethereum ecosystem. Sun’s Investment in the Ethereum Ecosystem On Oct....Read More
Leading liquid staking protocol Lido Finance revealed on Wednesday that 20 Ethereum validators related to one of its infrastructure partners had been slashed of their ETH holdings. The company said its penalties already amount to 20.04 ETH, currently worth $30,900. What is “Slashing?” In an update over Twitter, Lido said that the problematic validators –...Read More
Researchers at Standard Chartered Bank recently claimed that Ether (ETH), the second-largest cryptocurrency by market cap, could rise to 500% of its current price by the year 2026. The bank’s bullish prediction follows a similarly optimistic forecast for Bitcoin (BTC), which it claimed could reach $120,000 before 2025. Why ETH Could Skyrocket Per a research...Read More
Robert Linus – project lead at Bitcoin development group ZeroSync – has proposed a new system allowing developers to “compute anything on Bitcoin,” giving it functionality more similar to its neighboring crypto network Ethereum. Unlike other proposals to expand Bitcoin’s capabilities, “BitVM” does not require any changes to Bitcoin’s code that could cause the network...Read More
Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K. This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain. The Sandwich Attack According to Eigenphi’s data, on Oct....Read More
TL;DR Deribit plans to launch linear options for XRP, SOL, and MATIC in January, targeting European markets and doubling down on derivatives trading. Despite its price fluctuations, XRP remains a popular choice for payments, with institutions like HSBC allowing its use. Following its legal victories against the US SEC, XRP might be on the verge...Read More
Cosmos-based Stride has been on a roll lately. According to a recent Nansen report, the protocol currently commands more than 80% of the market share within the Cosmos ecosystem. Despite the prolonged market-wide bearish trend, Stride’s governance token – STRD – has surged 330% year-to-date. STRD surpassed both Ethereum (ETH) as well as the native...Read More
In the wake of a broad market selloff yesterday, numerous altcoins, Ethereum included, touched their pivotal support levels. However, the sudden comeback of buyers’ interest in combating rising sell pressure facilitated an ETH price bounce from its sturdy support zone. At present, Ethereum’s price is showing bullish on-chain indicators, bringing confidence among those holding long...Read More
Tech Lawyer Preston Byrne became the talk of the crypto community when he revealed on Twitter that he was offered a substantial 13,000 ETH during Ethereum’s pre-mine phase. This revelation is particularly striking not only because of its dollar value—approximately $39 million at today’s ETH prices—but also for the ethical considerations that guided his decision...Read More
The lone scammer has managed to abscond with approximately $385,000 worth of Ether (ETH) in under 24 hours. This incident forms part of a string of SIM-swapping hacks targeting users of the popular platform Friend.Tech. Scammer Steals 234 ETH in Less Than 24 Hours Blockchain investigator ZachXBT took to X on Oct. 5 to report...Read More
Ethereum’s network fees have plunged to some of their lowest levels, with this week recording an average of $1.13, a price last seen in November 2022. Crypto analytics firm Santiment revealed in a post on X that while the latest discovery may not be a perfect signal, it could indicate that ether (ETH) is preparing...Read More
Digital asset investment products witnessed inflows last week, with a total of $21 million coming in for the first time in 6 weeks. Interestingly, earlier in the week, it appeared that outflows would persist, but the tide turned towards the end of the week, particularly on Friday. CoinShares said this shift can be attributed to...Read More
UBS Asset Management, a major global fund management company, has initiated its inaugural “live pilot” of a tokenized money market fund on the Ethereum blockchain. UBS is leveraging its proprietary service, UBS Tokenize, to explore on-chain processes like subscriptions and redemptions. Through this pilot program, UBS Asset Management aims to conduct various fund-related activities on...Read More
Grayscale, the company behind the world’s largest crypto funds, has now moved to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum (ETH) ETF. Since the announcement, shares for ETHE have shot up 2.71% on the day. Grayscale’s Pivot to Ethereum Per a press release shared by Grayscale CEO Michael Sonnhenshein, the conversion to...Read More
Ethereum (ETH) may now present advantages to institutional investors over Bitcoin (BTC), according to Fidelity’s Director of Research, Chris Kuiper. During an interview with the Bankless podcast on Wednesday, Kuiper argued that legacy finance is “getting past the Bitcoin point” in terms of its understanding of crypto at large, opening its minds to other digital...Read More
Ethereum recently completed a community event, ACDE 171, discussing how to bring several transformative elements that could shape the future of the network, possibly bolstering security and privacy. The event covered several broad topics, including Dencun Devnets, extensive audits, the much-awaited launch of Holesky, a pioneering proposal for private ETH transfers, and significant changes to...Read More
Currently, the race to establish dominance in the ETF (Exchange Traded Fund) space is heating up. One of the most notable names in the asset management sector, VanEck, is making headlines once again. With a massive $80 billion under its management, VanEck is preparing to launch an Ethereum Futures ETF. This move comes as a...Read More
A new report shows that today, five out of the six largest Ethereum block builders comply with the United States Office of Foreign Asset Control (OFAC) sanctions. A post on X by Toni Wahrstätter, an Ethereum researcher and data analyst, reveals that over the past few months, there has been a noticeable surge in censorship....Read More
Crypto markets remain down around 65%, or $2 trillion in total market capitalization, from their peak in November 2021. The industry has been battered by a barrage of attacks from regulators and politicians, especially in the United States. Moreover, the wave of hacks and exploits has continued unrelenting. Nevertheless, there is a silver lining, and...Read More
For the sixth straight week, digital asset investment products experienced outflows, amounting to $9 million in the previous week. While this is significantly lower than the previous week which was characterized by sour investor sentiment with extensive outflows, the weekly trading volumes remained sluggish at just $820 million, significantly below the year-to-date average of $1.3...Read More
Elliptic, a leading blockchain analytics firm, has uncovered a network of 100 individual suppliers facilitating the illicit fentanyl trade by smuggling the precursor chemicals needed to synthesize fentanyl. The criminals have also been using cryptocurrency, specifically Bitcoin, Ethereum, Tron, and Monero, to make payments, facilitating the transfer of funds from buyers to suppliers, with the...Read More
Data collated by 21.co, the parent company of the world’s largest issuer of cryptocurrency exchange-traded products, 21Shares, revealed that the notorious North Korean hacking group Lazarus currently holds more than $47 million worth of crypto assets in its wallets. According to 21.co’s dashboard on Dune Analytics, Lazarus Group holds several digital assets, including bitcoin (BTC),...Read More
Ether has faced a challenging period in terms of price performance since early August, dropping below the $1,800 mark. The trend has consistently exhibited a downward trajectory on longer-term price charts, making it a daunting task for buyers to reverse this course. As a result of this increased bearish market structure, retail traders of Ether...Read More
