Digital asset investment products experienced modest withdrawals of $21 million last week. However, this overall figure doesn’t reflect the significantly elevated trading activity, with Bitcoin alone witnessing trading volumes of $11.8 billion. This amount is seven times higher than the typical weekly trading volume observed in 2023, according to the latest report by CoinShares. US...Read More
Ethereum continues to be the number one blockchain among crypto developers, with more than 70% of new contract codes first deployed on the network, according to the latest report by Electric Capital. Also, there has been a spread in the distribution of developers globally, with more crypto devs living outside North America, as opposed to...Read More
Metamask launched Validator Staking support on its wallets as of January 18. Users who wish to stake their tokens will need to have at least 32 ETH in their wallets to do so, which is the minimum requirement of the Ethereum network itself. Introducing Validator Staking on MetaMask Portfolio.🦊 With a 32 ETH deposit, we...Read More
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for making a decision on Fidelity’s proposal for a spot Ethereum exchange-traded fund (ETF) to March 5, as indicated in a filing on Thursday. This delay coincides with the submission of five other applications for leveraged Bitcoin ETFs seeking approval from the SEC. SEC...Read More
In Ethereum, six major buying points have emerged since ’23, with the second largest liquidation of long positions occurring on January 12, coinciding with the approval of the spot Bitcoin ETFs and triggering a significant price correction. Based on a recent examination, the liquidation of long positions has set a tail low at $2,450. A...Read More
Decentralized exchange (DEX) dYdX has made headlines by surpassing Uniswap, a long-standing leader in the sector, to become the platform with the largest 24-hour trading volume. This achievement is particularly significant following dYdX’s strategic migration from the Ethereum blockchain to the Cosmos ecosystem. dYdX Surpasses Uniswap Following Cosmos Transition dYdX, a crypto derivatives platform, announced...Read More
Even with significant capital flowing into the recently introduced spot Bitcoin ETFs, the anticipated positive influence on BTC’s price is yet to materialize. Bitcoin experienced a decline of more than 5% following the approvals last week. In contrast, Ethereum recorded an almost 8% rise over the same period despite struggling to sustain the $2,600 level....Read More
The widely-anticipated Dencun upgrade for the Ethereum network is live on the Goerli testnet. However, the upgrade is experiencing some issues. According to a livestream on YouTube, Dencun was launched on Goerli at 6:32 UTC on Wednesday, but the chain appears to have split as it failed to finalize when expected. Ethereum’s Dencun Upgrade Goes...Read More
Bitcoin (BTC) and Ethereum (ETH) are currently following a pattern similar to previous years, during which their prices surged by 500% and 1,000%, respectively, according to the latest research report by Coinbase Research and Glassnode. The observation draws parallels between the ongoing crypto market cycle and the period from 2018 to 2022, characterized by substantial...Read More
Gary Gensler, the Chair of the US Securities and Exchange (SEC), issued cautionary statements to the crypto sector, raising uncertainty about the possibility of the Ether obtaining approval for an ETF similar to Bitcoin. But this has not stopped Ether from surging, which has reached its highest point since May 2022. Perhaps unexpectedly, the approval...Read More
During a recent Reddit Ask Me Anything (AMA) event organized by the Ethereum Foundation’s research team, the protocol’s co-founder Vitalik Buterin suggested a “modest” increase in its gas limit to improve network throughput. Buterin noted that the gas limit has not been increased for nearly three years, marking the longest period in the protocol’s history....Read More
2024 is full of several events that will significantly impact market activity. The year has started where 2023 left off, and the crypto community is abuzz with excitement and anticipation of the upcoming trends. According to a report from crypto market analytics platform IntoTheBlock (ITB), the potential spot Bitcoin exchange-traded fund (ETF) release, the upcoming...Read More
Stablecoin total value locked (TVL) on the Tron blockchain experienced a slight decline in the early part of the second half of 2023 but ultimately surged to reach record highs of approximately $48 billion. This is according to a recent report by Reflexivity, which revealed that around 94% of this total value belonged to USDT....Read More
The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher...Read More
Ethereum’s recent lackluster price movement had many calling it an ‘ETH death’ as rivals Solana and Avalanche skyrocketed. However, the fourth quarter layer-1 rotation was similar to that in 2021, observed crypto analyst ‘Metaquant’ on Jan. 5. Moreover, Solana and Avalanche are slowing down after weeks of upward price action, so where is the capital...Read More
On January 3, a significant development led to an impressive 80% surge in the value of the Ethereum Name Service (ENS) token. This sudden increase, which marked an eight-month high, can be attributed to the public recognition and praise given by Ethereum’s co-founder, Vitalik Buterin, highlighting the importance and value of this service. Vitalik Buterin’s...Read More
Fox Business reporter Eleanor Terrett believes the sentiment surrounding a spot Bitcoin (BTC) ETF approval in early January is low. It’s worth noting, however, that despite Terrett’s perspective, a considerable number of analysts expect the approval of such products during the same period. SEC is Reviewing Changes to S-1 Filings In a post on X,...Read More
Vitalik Buterin, the co-founder of Ethereum, has released a roadmap detailing the network’s upgrades and activities for 2024. In a series of tweets, Buterin stated that the 2024 roadmap contained few changes from the 2023 plan and that the network is set to focus on the Merge, the Surge, the Scourge, the Verge, the Purge,...Read More
Cryptocurrencies have been the topic of discussion since their inception, and many known personalities believe in investing in them. They also give investors their outlook and share predictions about them. Now, let’s talk about Ethereum, which is used worldwide due to its secure network, validated transitions, and sustainable ecosystem. According to YChart, as of September...Read More
This year witnessed a significant growth in the crypto market, with its total cap doubling. Starting from a low point of $800 billion, the market cap recently peaked at $1.7 trillion, marking the highest level since early May 2022, nearly 20 months prior. Interestingly, this surge is not mainly driven by Bitcoin, as seen in...Read More
The Dec. 28 blog post reiterated the core values of Ethereum, harking back to its early days when it was more “cypherpunk.” The early vision of Bitcoin and Ethereum was deeply idealistic, aiming to build a more open, decentralized, and censorship-resistant internet and economy. However, Buterin lamented that over time, this vision faded as transaction...Read More
Manta Network’s Ethereum Layer 2 blockchain Manta Pacific has seen its total value locked (TVL) skyrocket to nearly $370 million within two weeks. The project’s surge in TVL could be attributed to an airdrop event scheduled to happen in January 2024. Manta Pacific Becomes 7th Biggest L2 on Ethereum Manta Pacific recently introduced an airdrop...Read More
Vitalik Buterin, the co-founder of Ethereum, has proposed measures to reduce the load on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. The proposal aims to decrease the number of signatures validators must make to maintain the network’s operation, ultimately reducing the overall load on the Ethereum blockchain. Ethereum Co-Founder Proposes Adjustments Ethereum’s attempt...Read More
On Dec. 26, crypto YouTuber Lark Davis said, “Ethereum is going to make a lot of new millionaires in 2024.” However, he added that those with a lot of ETH, purchased at much lower prices and staked, will do well in the next bull market. But those getting into the market now, with the asset...Read More
Digital asset investment products resumed inflows after breaking the 11-week streak of positive cash flows. According to the findings by CoinShares’ Head of Research, James Butterfill, the net inflows totaled $103 million over the last week. Bitcoin investment products, as usual, attracted the highest capital inflow. The digital asset manager revealed a net inflow of...Read More
The amount of Ethereum owned by long-term hodlers reached a record of over 70% in December, according to data from blockchain analytics firm IntoTheBlock. These committed holders have refrained from selling their Ethereum stash, contributing to the altcoin’s new benchmark. The latest ITB data also reveals that Ethereum has surpassed Bitcoin in terms of the...Read More
According to research by Sixdegree, stablecoins have not seen a significant increase in value during the recent bull market. Their current total value is $129.5 billion, slightly lower than the $139 billion recorded in December 2022. Ethereum vs. Tron in 2023 This trend can be attributed to the contrasting developments on two major blockchain platforms:...Read More
Messari’s latest newsletter posits that the industry is witnessing crypto’s adolescence, emphasizing that smart contract blockspace is becoming a commodity. CEO Ryan Selkis acknowledged 2023 as Ethereum’s best year yet, citing its status as the strongest network in terms of community size and revenue generation through fees. However, he suggested that the crypto industry is...Read More
As Bitcoin maintains its elevated position around $44,000, the options market is showing mixed signals, according to options data tracking website Greeks.Live. Notably, both Bitcoin and Ethereum block trades have witnessed a prevalence of put buying, with a combined value of $100 million. The dominance of put options, amounting to $13 million for BTC and...Read More
Prominent Ethereum layer-two scaling solution – Optimism – has gained widespread popularity in 2023, addressing the demand for better alternatives, and its user base has soared this year. According to the latest data compiled by Intotheblock’s data, the network now boasts over 5.9 million addresses with a balance, marking a substantial increase of 391% from...Read More
