Consensys has announced the launch of Linea Association, an independent Swiss non-profit organization, to drive the growth and development of Linea, a zero-knowledge Ethereum Virtual Machine (zkEVM) Layer-2 rollup. The association will focus on advancing Linea’s open-source technology and governance, as well as Linea Mainnet. This move represents a step toward decentralizing the Linea network. According...Read More
On Nov. 12, Web3 venture capital firm Hack VC released research and analysis on Ethereum’s modular strategy. “In the short term, modularization likely hurts ETH price because of lower fees and reduced token burn, but this isn’t the whole story,” said Hack VC managing partner Alex Pack. Ethereum’s Future is Bullish Since 2020, Ethereum has...Read More
After the US election, digital asset investment products attracted $1.98 billion in inflows, marking the fifth consecutive week of positive inflows. This resulted in year-to-date total inflows to hit a new record of $31.3 billion. Global assets under management also hit an all-time high of $116 billion following recent price increases. Trading volumes surged by...Read More
The Ethereum Foundation holds $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments. A major 99.45% of the foundation’s crypto holdings are in ETH, which represents 0.26% of the total ether supply as of that date. By prioritizing ETH for...Read More
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is now poised for a notable upside rally after breaking out from a strong resistance level. This crucial breakout occurred just after the U.S. presidential election results, where Donald Trump defeated Kamala Harris Why ETH Price is Rising? After Trump became president of the United States,...Read More
Reddit, a pioneering social media force for crypto engagement and arguably the most popular discussion forum, offloaded a substantial portion of its virtual asset holdings in the third quarter of 2024. In its latest regulatory filing, the company revealed that it sold most of its Bitcoin (BTC) and Ethereum (ETH) treasury assets, generating $6.87 million....Read More
With the crypto altcoin market cap excluding Bitcoin falling down to $909.91 billion, Ethereum and Solana witness a major crash. The altcoin market has dropped by nearly 7% in the past three days, with Ethereum and Solana approaching crucial support levels. Will the growing bearish influence in the crypto market result in a major crash...Read More
Consensys, the blockchain development firm behind the popular MetaMask crypto wallet, has decided to lay off over 160 employees. The move impacts 20% of its total workforce. According to founder and CEO Joe Lubin, this decision was driven by macroeconomic challenges and substantial legal costs incurred during the company’s extended regulatory battles. Job Cuts at Consensys...Read More
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap appears bullish and is poised for a notable upside rally due to its bullish price action and favorable on-chain metrics. In addition to this, whales and investors have moved a significant amount of ETH from the exchanges in the past week. Fall of Ethereum Exchange Reserves...Read More
Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows According to the latest edition...Read More
The Ethereum Foundation, a non-profit that supports the second-largest blockchain, has been scrutinized lately, with community members questioning why it sells rather than stakes its ether (ETH) holdings. Now, blockchain co-founder Vitalik Buterin has responded, providing detailed insights into why the organization chose to sell. Commitment to Ethereum Development It all started with an October...Read More
Bitcoin has assumed its biggest price lead in recent history over the altcoin ecosystem, leaving Ethereum – its perennial number 2 – in the dust. The market capitalization of the OG crypto is now over $1 trillion greater than its runner-up, which has hit its lowest price point against its senior since early 2021. Bitcoin’s...Read More
Bitcoin continues to lead in terms of the longest average holding period. However, one crypto asset has outpaced major assets like Ethereum in this metric, highlighting its sustained appeal among long-term investors. According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This aligns with its popular...Read More
Following a successful vote, Lido DAO has given the go-ahead to activate the Community Staking Module (CSM) on the Ethereum Mainnet. As the first Lido Protocol feature to allow open access, CSM aims to allow a broader range of participants to operate Ethereum validators, even with minimal technical experience and less than 32 ETH. Boosting...Read More
A crypto investor who participated in the Ethereum initial coin offering (ICO) in 2014 is offloading their assets, with the latest sale on October 24. Unfortunately, this could trigger a negative price momentum for ether (ETH) given recent similar developments. According to a tweet from on-chain analytics firm Lookonchain, the last time the Ethereum ICO...Read More
The person behind the recent Radiant Capital exploit has reportedly moved nearly all of the stolen crypto, valued at about $52 million, from Layer-2 networks to Ethereum. Blockchain security firm PeckShield shared the information on October 24, further dampening any hopes of recovering the funds. Attacker Almost Done Bridging Stolen Funds According to PeckShield, the...Read More
The Ethereum FUD is showing no signs of slowing while prices of the underlying asset remain weakened. ETH dumped more than 5% over the past 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460. It has recovered marginally to trade at $2,550 at the time of writing, but it...Read More
Ethereum co-founder Vitalik Buterin has shared insights into Ethereum’s next upgrade on its technical roadmap – The Scourge. It aims to fix issues involving centralization concerns in Ethereum’s staking and block production. Buterin has proposed several fixes to these shortcomings the layer-1 blockchain faces. Ethereum’s Scourge to Reduce PoS Centralization Following Ethereum’s Merge upgrade in...Read More
Vitalik Buterin, the co-founder of the Ethereum network, has outlined several objectives paramount to the future development of the blockchain. These goals are tailored to improve The Surge, the second phase of Ethereum’s developmental roadmap, which aims at scaling the network using rollups. According to a blog post, Buterin’s solutions aim to fix the blockchain...Read More
Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem. The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism. On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD Escalates...Read More
There is a stark difference between the staking concentration of Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains considerably more concentrated than Polygon’s in what it considers “potentially unhealthy” for the ecosystem. Ethereum Staking Dominated by Few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to...Read More
Ethereum co-founder Vitalik Buterin has shared his thoughts on the future of the blockchain, highlighting key improvements aimed at making the network faster, more secure, and accessible to more users. He said that while 2022’s transition from proof-of-work (PoW) to proof-of-stake (PoS) has been largely successful, some areas of the network still needed improvement. Faster...Read More
With just over 20 days until the US presidential election, the race is heading into its decisive phase, and the stakes are high for the crypto industry. Over the past few days, prediction markets have flipped, placing higher odds on Republican and pro-crypto advocate Donald Trump securing a win compared to his Democratic competitor, Vice...Read More
Ethereum co-founder Vitalik Buterin sold 651.6 ETH worth of meme coins, which is approximately $1.62 million, in line with his commitment to charitable donations. The tokens sold include significant amounts such as 10 billion MOODENG for 395.95 ETH ($982K), 200K MSTR for 93.23 ETH ($231K), and 500 million EBULL for 73.79 ETH ($183K), as per...Read More
A new Ethereum Improvement Proposal, EIP-7781, introduced on October 5, 2024, aims to reduce Ethereum’s block time from 12 seconds to 8 seconds. The upgrade, introduced by Ben Adams, co-founder of Illyriad Games, could also enhance data capacity and potentially increase network throughput by 50%. A Major Step for Ethereum’s Future In an October 6...Read More
Wrapped Bitcoin (WBTC), a wrapped version of Bitcoin developed by BitGo, Kyber Network, and Ren, continues to dominate the tokenized BTC market despite criticism around the project, according to Binance Research’s latest monthly report. The wrapped token represents Bitcoin at 1:1 on other blockchains such as Ethereum and Solana. This allows users to access BTC...Read More
Upon analyzing over 1,200 publicly available crypto pre-seed and seed rounds from 2022, Lattice Fund found that the seed-stage crypto market saw investors refocus on the more stable and established sectors of Infrastructure and Centralized Finance (CeFi). This came after a period of exploration into emerging sectors in 2021. Infrastructure and CeFi According to the...Read More
Ethereum’s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week. According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products. The latest edition of the European asset manager weekly report revealed that digital...Read More
A Coinshares report has revealed that the role of Ethereum (ETH) in crypto is being shaped by two main pillars: marketplaces and stablecoins. However, while the network is making waves in these areas, the path forward for new applications remains unclear. Decentralized Exchanges Dominate The report, released on September 24, indicated that marketplace and stablecoins...Read More
Vitalik Buterin, co-founder of Ethereum, took to social media platform X to commend Celo’s growth. The blockchain network recently outpaced Tron in daily active addresses for stablecoin usage. Celo’s Growth In his post, Buterin expressed enthusiasm for the achievements, stating: “This is amazing to see. Improving worldwide access to basic payments and finance has always...Read More
