Ethereum Watch

Advertisements An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users’ wallets. MEV gain, an Ethereum (ETH) arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor.  Arbitrage bots are programs that automate […]

Key Takeaways Incoming Kraken CEO Dave Ripley says that his company does not intend to register with the SEC. He insists that Kraken does not list assets that are securities and says that it has no plans to do so. Ripley currently serves as Kraken’s COO. He will succeed Jesse Powell as CEO as announced […]

Ethereum [ETH], at the time of writing, was exchanging hands at $1,341. As of 22 September, the alt concluded a 30% retracement from its September high of $1,789. A far cry from what many investors expected from its most important month of the year. On the bright side, the alt was trading at a steeper […]

Key Takeaways The CFTC has filed a lawsuit against the decentralized autonomous organization behind the Ooki Protocol, Ooki DAO, for allegedly running an illegal derivatives trading platform. The lawsuit marks the first time a government agency has charged governance token holders of a decentralized non-custodial blockchain protocol for allegedly breaking the law. The case could […]

Ravencoin (RVN) and Ethereum Classic (ETC) were operated as a safe haven for miners seeking shelter from “The Merge” fallout. The event that completed Ethereum’s transition to Proof-of-Stake (PoS), “The Merge” locked out miners from the ecosystem. Advertisements Leading into the event, Ravencoin, Ethereum Classic, and other Proof-of-Work (PoW) cryptocurrencies were recording double-digit gains. The […]

Advertisements Summary: On-chain analytics startup Nansen reported massive inflows into staked Ether tokens following the Merge. Ethereum’s proof-of-stake upgrade successfully shipped on September 15, EWN reported. “Smart money” investors have deployed over $33 million into locked-up Ether coins in the past week alone. Ethereum’s upgrade dubbed the merge seemingly bolstered investors’ faith in protocols like […]

Advertisements Chandler Guo said that the price of ETHW would match ETH in ten years. He also confirmed on his interview with Bitcoin.com that there would be over 100 projects running on top of ETHPoW. ETHW has crashed from over $50 to under $10 following The Merge. Chandler Guo, the man behind the hard fork […]

Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the history of the network, and it had affected both price and funding rates in adverse ways. However, as the market begins to settle into the new normal of Ethereum being a proof of […]

Ethereum [ETH], the largest altcoin witnessed a major rejection near the $1,420 mark as of 22 September. ETH went down by over 20% in a week despite the Merge hype. There further remained a risk of a drop below the $1,220 support. Various narratives such as “sell the news” began surfacing soon after the Merge […]

Advertisements The Merge marks a turning point for the Ethereum network, but what are the consequences of switching to a new consensus mechanism? On the first day after the Merge, the decentralized finance (DeFi) community is settling into the seemingly uneventful transition of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS). However, it has […]