The total adjusted on-chain volume for the leading two crypto assets decreased by 6.3% to $176 billion in August. Bitcoin volumes fell by 6.7% and Ethereum by 5.7% for the month, according to research from The Block. Furthermore, it is the fifth month of declines since March, and on-chain volumes are down 56% from the...Read More
In a recent financial report, adult content subscription service OnlyFans revealed that it had invested a portion of its working capital into Ethereum (ETH). As of November 30, 2022, OnlyFans had purchased $19,889 million worth of ETH, which recorded an impairment loss of $8,455 million, leaving a carrying amount of $11,434 million. OnlyFans Owner Collects...Read More
In a recent move, the co-founder of Ethereum, Vitalik Buterin, transferred 3,000 ETH, equivalent to approximately $4.9 million, to a Vb 2 labeled address 0x1Db3439a222C519ab44bb1144fC28167b4Fa6E. According to data from Etherscan, the transaction took place on Aug. 28. It was sent to the Vb 2 labeled address, bringing the total value of ETH that the wallet...Read More
The Ethereum Foundation has officially introduced the Ethereum Execution Layer Specification (EELS) after over a year of development. EELS is a Python reference implementation of the crucial components of an Ethereum execution client, with a focus on readability and transparency. This new system allows for the filling and execution of state tests, as well as...Read More
The Japanese subsidiary of Binance will reportedly provide trading services with additional digital currencies in the near future. The crypto behemoth re-entered the Land of the Rising Sun earlier this summer after departing in 2018 due to regulatory problems. According to a Bloomberg coverage, Binance Japan will soon increase the number of supported cryptocurrencies on...Read More
In recent days, the price of ETH surged to $1,750, fueled by Grayscale’s win against the SEC. However, it has since been experiencing a consistent decline. Early investors who acquired ETH just before the price spike have started to liquidate their positions. This is exerting significant downward pressure on ETH at its higher levels, setting...Read More
US-based investing and trading platform giant Robinhood has been identified as the owner of the fifth largest Ethereum (ETH) wallet address, accounting for the second-largest crypto holding in its portfolio after Bitcoin (BTC). The company’s wallet app recently added support for Bitcoin and Dogecoin while including an Ethereum swap feature. Robinhood Has 1.493 Million ETH...Read More
The prominent American actor Dwayne Johnson (better known as The Rock) and the talk show host Oprah Winfrey launched an initiative focused on helping those displaced by the devastating wildfires in Maui, Hawaii. The so-called People’s Fund of Maui is available for contributors from all over the globe and accepts donations in cryptocurrencies. Crypto to...Read More
Five Ethereum liquid staking providers have implemented or are gearing up to implement a self-imposed restriction, pledging not to own more than 22% of the ETH staking market. This move is aimed at safeguarding the decentralization of the Ethereum network. According to Ethereum core developer Superphiz, Rocket Pool, StakeWise, Stader Labs, and Diva Staking are...Read More
In a rare move, the Vitalik address has sold 500 Maker (MKR) tokens for 350 Ethereum (ETH) through CoWswap, marking the first time the address has sold MKR in two years. Following the sale, the ETH was transferred to another address, which now holds assets worth over 1 million USD, including 415.76 ETH. The sudden...Read More
Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios, especially those in their 20s. This is evident by new findings, which show XRP comprising 20.7% of their investments, surpassing the combined 17.5% allocation...Read More
In the past week, Bitcoin has experienced significant price fluctuations within its consolidation range, influenced by various macroeconomic factors such as Jerome Powell’s address. As Bitcoin falls short of meeting the short-term bullish expectations of investors, capital is increasingly flowing into the altcoin sector. Looking ahead to the coming week, a substantial recovery rally in...Read More
On Aug. 24, two more Ethereum futures ETF applications were filed with the U.S. Securities and Exchange Commission. ARK Invest and 21Shares have partnered on the latest two proposals. The two applications are for an “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and a “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY). We have two...Read More
As revealed by Lookonchain, a mysterious user of the decentralized perpetual exchange GMX raked in approximately $1,000,000 after the crypto market crashed in mid-August since they shorted Ethereum at a high price a month ago. The trader opened the short position on July 14, when ETH was worth around $2,000 (per CoinGecko’s data), and closed...Read More
An Ethereum address associated with the network’s co-founder, Vitalik Buterin, transferred 600 ETH to crypto reading platform Coinbase, worth roughly $1 million at writing time. The transfer comes after crypto markets tanked last week, bringing ETH down to $1670 for the first time since June. Is Vitalik Selling His ETH? According to public blockchain data...Read More
In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing...Read More
Lookonchain revealed that Andrew Kang (Co-Founder of the crypto-focused venture capital firm Mechanism Capital) lost over $430,000 in a single day after the recent crash of the digital asset market liquidated his long positions. Kang’s positions opened on August 18 included Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB), as he traded with up to 100x...Read More
On Aug. 15, the Ethereum Foundation listed projects and community events that received funding in Q2. Furthermore, the Foundation spent a total of $9.2 million supporting projects, conferences, and industry research. The largest number of recipients were community and education projects which included more than ten summits and conferences. Time to round up all the...Read More
On Aug. 18, Bloomberg cited ‘people familiar with the matter’ claiming that the regulator is not likely to block the products which many companies have been waiting on. Ethereum futures ETFs are not entirely bullish for ETH because they allow institutional investors to short the asset. However, approval will be a big win for the...Read More
Is Bitcoin or Ethereum a better protocol for developers? A closer look reveals the answer may not be so obvious. Tony Cai – CEO of Bitcoin-based DeFi platform Atomic Finance and former Ethereum builder – published a Twitter thread on Wednesday explaining the different experiences of building apps on both networks, including the strengths and...Read More
Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022. Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses...Read More
Singapore Red Cross – a humanitarian aid and community services charity in the Asian city-state – allowed people to contribute to its cause via donations in digital currencies. The option became possible after a partnership between the organization and the crypto payment gateway Triple-A. ‘Coin a new Way to Give Today’ The charity entity revealed that individuals...Read More
Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH). Trump’s 2023 OGE financial disclosure documents, released recently, featured an item described as a “Cryptocurrency Wallet (Ethereum),” whose value the former President placed between $250,000 and $500,000. The content of the crypto wallet is likely tied to...Read More
However, fundamentals for the asset and network are as strong as ever. On Aug. 11, crypto industry and DeFi analyst Miles Deutscher highlighted some of Ethereum’s bullish fundamentals. “It’s hard not to be ridiculously bullish on Ethereum,” he said. Ethereum Fundamentals Strong Firstly, some of the world’s largest companies, such as PayPal, have chosen Ethereum...Read More
American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card. In a recent report, Visa’s Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees. The company...Read More
In a recent video that has been widely shared, Vitalik Buterin, co-founder of Ethereum, openly expressed his criticism of XRP. He stated that he believes XRP is still completely centralized. During a discussion about the criteria for crypto projects’ participation in the industry, Buterin mentioned that not every project is required to follow decentralization principles....Read More
Prominent Hong Kong-based e-gaming player – Boyaa Interactive International Limited – announced that its board of directors has approved a budget of $5 million to purchase cryptocurrencies. Informing the company’s shareholders and future potential investors, Boyaa said it will buy mainly Bitcoin (BTC) and Ether (ETH) on regulated and licensed trading platforms in the coming...Read More
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base. The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC. ‘Exciting Times Ahead’ According to a document seen by CryptoPotato, Ramp...Read More
The summer period’s lackluster trading activity is evident as digital asset investment products recorded outflows of $107 million this week. The profit-taking has gathered tremendous pace lately, with weekly trading volumes in investment products 36% below the year-to-date average. The wider on-exchange market has experienced a more significant decline, with volumes down 62% relative to...Read More
Responding to a Dogecoin influencer warning about scam coins, Elon Musk said Friday that X will never launch a token. And we never will — Elon Musk (@elonmusk) August 5, 2023 While that may be so, make no mistake about it — crypto and finance feature heavily in Musk’s plans for X.com. He recently teased...Read More
