While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could […]
Taking to X on April 26, one analyst notes that there is a high probability of Ethereum spiking in the sessions ahead because of thinning sell-side liquidity across major centralized exchanges like Binance and Coinbase. Thin Sell-Side, Big Potential Move For ETH Thinning sell-side liquidity, as seen on order books across CEXes, means that few sellers are […]
There has been a noticeable uptick in network activity in the broader Ethereum ecosystem. According to Dune Analytics, excluding Ordinals-related addresses, there are over 10 million wallets actively engaging with the mainnet and Ethereum layer-2 solutions like Base, Optimism, and Arbitrum. This milestone is a direct result of the successful implementation of the Dencun Upgrade […]
Miles Jennings, the General Counsel at a16z Crypto, one of the world’s largest venture capital firms, has launched a blistering attack on the United States Securities and Exchange Commission (SEC) and its handling of crypto regulation. Are The United States SEC Lawyers At The Enforcement Division Abusing Power? The lawyer specifically targeted the agency’s crypto […]
Experts are currently arguing about the likelihood of the US Securities and Exchange Commission (SEC) approving a spot Ethereum ETF. Among others, Samson Mow, known as the “Bitcoin Maximalist” and founder of Jan3, a company focused on accelerating the nation-state adoption of BTC, voiced strong doubts and criticism. Mow’s Critique: Dissecting The Ethereum ETF Dilemma […]
Ethereum (ETH), the second-largest cryptocurrency, has reached a significant milestone by touching $4,000, marking a two-year high and closing the gap towards its all-time high (ATH). As Bitcoin (BTC) also reached a new all-time high of $70,100, the cryptocurrency market is witnessing an explosive bull run. Technical analysis suggests that Ethereum is poised to overcome […]
A dormant Ethereum address has roared to life to take advantage of the price surge that has rocked the digital asset in the last day. The wallet, which had not seen any activity in almost a decade, made its first transaction after the price of ETH moved above $3,200. Given that this investor has managed to […]
A crypto analyst has provided insights into how the structure of the Ethereum ecosystem could bring Bitcoin and the broader crypto market down. His analysis focused on Ethereum’s liquid-staked tokens (LSTs), liquid-restaked tokens (LRTs) and stablecoins backed by these tokens and how they could lead to the next “bubble” burst. Magic Money That Could Lead […]
On-chain data shows that one whale is rapidly accumulating Ethereum (ETH), selling large amounts of Wrapped Bitcoin (WBTC) via Aave, a popular non-custodial protocol. Whale Borrows WBTC From Aave, Buys ETH As of February 16, Lookonchain data showed that the whale borrowed 280 Wrapped Bitcoin (WBTC), equivalent to approximately $14.6 million, Aave, one of the leading […]
The Ethereum (ETH) balance in multiple mainstream centralized exchanges, like Coinbase and Binance, has hit a new low. According to Leon Waidmann on X, over 7 million ETH have been withdrawn since April 2023. Is It DeFi, NFT, Or EigenLayer Sapping ETH From Exchanges? This decline is net bullish for the coin, possibly hinting that other […]
In a move towards a more diversified Ethereum execution client ecosystem, AllNodes, a staking provider, has announced its complete transition from Geth to Besu. With this shift, AllNodes has eliminated the use of Geth across its entire network of 23,895 nodes, marking a milestone in the ongoing efforts to reduce the current centralization around Geth, a majority […]
Adam Cochran, a crypto analyst, is urging Coinbase, the largest cryptocurrency exchange in the United States by trading volume, to prioritize the creation of an insurance fund for its users rather than focusing on diversifying its Ethereum client infrastructure. Coinbase Should, Most Importantly, Have An Insurance Fund In a post on X, Cochran thinks the exchange’s current […]