Ethereum Watch

Another week, another round of Crypto Tidbits. Advertisements It’s been another boring week for Bitcoin. This may sound like a broken record at this point, but it’s true. As the chart below shows, the leading cryptocurrency has again been stuck in the low-$9,000s for days on end, failing to react to news events and technicals. Chart […]

Advertisements Quick take: The amount of Ethereum locked in DeFi continues to rise. Approximately 3.5 million ETH is locked in DeFi.  Majority of the Ethereum is locked up in the DeFi apps of Maker and Compound Finance.  Yield farming is the reason why more Ethereum keeps getting locked up in DeFi.  The amount of Ethereum […]

Advertisements An independent research paper explores the in-depth economics behind Ethereum 2.0. The study hails from Tanner Hoban and Thomas Borgers, both members of the corporate development team at ConsenSys. During the 100 pages of the report, the authors dissect the incentive model for the future Ethereum network. They also point out some potential security […]

Key Takeaways Compound surged over 10% after integrating Curv, a crypto custodian focused on institutional investors. Compound will leverage the technology to help institutional clients earn rewards on their idled tokens. A crucial technical index estimates that COMP is poised to advance higher, despite the gains already posted. If demand continues to climb, the DeFi […]

Key Takeaways The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions. For now, only deposits are available, but Curv has plans to enable borrowing later. Share this article Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial […]

From a medium-term perspective, it’s been an extremely strong year for Ethereum. Advertisements From the capitulation lows of approximately $85 seen in March of this year, the largest altcoin has gained around 200%. And since the start of the year, ETH’s gains are approaching 100%. But stepping back, Ethereum is actually a poor performer on […]

Key Takeaways Abra was conducting synthetic swaps, drawing the attention of U.S regulators DeFi protocols need to decentralized their governance mechanisms Only two DeFi protocols with more than $100 million of locked liquidity have mitigated major regulatory risks Share this article After the SEC and CFTC’s orders against California based Abra, the next target could […]

Key Takeaways Born out of a hackathon in 2019, Zapper has grown to become a hub of activity for DeFi investors. Not only does it help users track their holdings, it also allows them to quickly react to new insights. Thanks to investment from the ever-present MetaCartel community, Zapper enjoys access to some of the […]

Ethereum entered a consolidation period over the past week that has led to the formation of a descending triangle on its 4-hour chart. A horizontal trendline developed along with the swing lows while a descending trendline formed along with the swing highs. Advertisements The continuation pattern estimates that a spike in demand for Ether that […]

Advertisements A company founded by Jacques Voorhees, father of ShapeShift CEO Erik Voorhees, is offering NFTs representing diamonds on the OpenSea marketplace. Non fungible tokens (NFT) representing diamonds have made their way to the OpenSea marketplace.  In the past, there have been quite a few attempts to tokenize diamonds and other precious stones and metals. […]