Ethereum’s Eclipse Appoints New CEO Amid Allegations

Crypto Firm, Crypto News, Eclipse Labs, ETH, Ethereum, Ethereum L2, Ethereum Layer 2, ETHUSDT, VC firms

Neel Somani, Founder of Ethereum Layer-2 Blockchain Eclipse, has been replaced as Chief Executive Officer (CEO) due to accusations of sexual misconduct. Eclipse Labs announced Vijay Chetty, the company’s Chief Growth office (CGO), as the new CEO, taking over Somani’s responsibilities. Ethereum L2 Eclipse Changes Leadership Eclipse Labs is a software firm that “contributed to […]

US DOJ Accuses Brothers Of $25M Ethereum Fraud Linked To MEV Attack |

Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, ETH, Ethereum, Ethereum (ETH), Ethereum Attacks, ethereum news, ethusd, ETHUSDT, US crypto regulation

The US Department of Justice (DOJ) has arrested two brothers accused of orchestrating an attack on the Ethereum blockchain that resulted in the theft of $25 million worth of crypto.  Anton Peraire-Bueno of Boston and James Pepaire-Bueno of New York are charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money […]

Ethereum Gas Fees Plunge To Lowest Since 2020: Is This The End Of High Costs?

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In a significant development for Ethereum, the average gas fee on the network has dropped to 6.8 Gwei, marking the lowest level since January 2020, as shown by YCharts. This decrease in gas fees has made all on-chain operations, including asset swaps, cross-chain bridging, and non-fungible token (NFT) minting, considerably more affordable for users. Ethereum […]

Ethereum Is Down 30% From 2024 Highs: Why Is This Analyst Super Bullish?

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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 […]

SEC Chair Gensler: Crypto Represents ‘Outsized’ Share Of Scams And Fraud In Overall Markets |

Bitcoin, btc, Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, DeFi, digital currency, ETH, Ethereum, ethusd, ETHUSDT, Gary Gensler, Gary Gensler SEC, SEC chair, US crypto regulation

In a recent interview with CNBC, Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his concerns regarding the crypto industry, emphasizing its alleged association with scams, fraud, and compliance issues within the broader market.  Compliance With Securities Laws In Crypto Gensler began by acknowledging that while cryptocurrencies constitute a relatively small segment of the […]

Ethereum Bounces Back Strongly After $2,871 Support Rejection |

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On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at the resistance level of $2,871. Since this rejection, the price of Ethereum has gained a significant upward movement of over 9% and showing signs of even moving further. At the time of writing, the price is still showing strong signs […]

Ethereum Regulatory Saga: Court Filings Expose SEC Chair Gensler’s Stand |

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Newly disclosed court filings have shed light on the belief of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under the Howey Test, which is considered by the vast majority of crypto advocates to be an outdated legal framework for regulating crypto assets.   According […]

Ethereum Sell Side Liquidity Thinning On CEXes: Time For $4,000?

ConsensYs, ETH, ETH Price, Ethereum, ethereum price, ETHUSDT, hong kong, SEC

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 […]

Ethereum Ecosystem Hits 10 Million Active Wallets Weekly: Will It 10X In The Next Bull Run?

Arbitrum, DeFi, ETH Price, Ethereum, ethereum price, ETHUSDT, layer-2s, meme coins, Optimism

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 […]

Ethereum’s Reputation Takes A Hit As Trading Veteran Labels It A ‘Junk Coin

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Recently, renowned trader Peter Brandt voiced criticism directed squarely at Ethereum (ETH), the second-largest crypto by market capitalization, denouncing it as a “junk coin” in a blunt assessment. Ethereum Faces Criticism Celebrated for his insights into financial markets, Peter Brandt spared no punches as he castigated Ethereum, arguing that it lacks the essential characteristics required […]

Crypto Exchange KuCoin Sees Massive Outflows After Lawsuit

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For the past week, crypto exchange KuCoin has been at the center of a regulatory tornado. The charges filed last Tuesday include breaking several regulations and violating anti-money laundering (AML) laws in the United States. A recent report reveals that the exchange has faced significant challenges after the news of the lawsuits broke out. Despite […]

House GOP Pressures SEC To Clarify Ethereum’s Security Designation For Prometheum’s Custody |

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In a joint effort, Republican lawmakers led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson have called upon Securities and Exchange Commission (SEC) Chair Gary Gensler to provide further clarification on the agency’s stance regarding the custody of Ethereum (ETH) by Prometheum.  The lawmakers, including Representatives French Hill, […]