Ethereum Watch

Advertisements Layer 2s also saw increased development activity, with year-over-year smart contract deployment increasing by 160%. Ethereum layer 2s, such as Optimism, Arbitrum and Polygon, increased in popularity in the first quarter of 2023, according to a report from Web3 development platform Alchemy. Ethereum users bridged over $635,000 worth of crypto assets to these networks […]

– Even after the Shanghai Upgrade, many addresses are yet to withdraw their ETH. Advertisements – The effect of this upgrade might only occur after all the ETH has been withdrawn. Ethereum’s [ETH] Shanghai Upgrade, which enables withdrawals for Ethereum stakers, has generated much excitement and anticipation in recent months. The upgrade had a favorable […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements -The higher timeframe remained bullish. -The presence of an imbalance and a breaker could see a strong reaction from the buyers. Ethereum [ETH] breezed past a critical region of resistance at the $2000 […]

– Developers are shifting away from contributing to the U.S. crypto ecosystem. Advertisements – Smart contracts deployment and active addresses across all blockchains have reached their respective ATHs. Since Bitcoin [BTC] marshaled many other assets to reach their respective All-Time Highs (ATH) in 2021, the cryptocurrency landscape has been characterized by its dynamism and volatility, […]

Advertisements FTX’s new management plans to relaunch the exchange in 2024, Ethereum’s Shapella hard executed on mainnet and OpenAI faces rising competition. Top Stories This Week Ethereums Shapella hard fork executed on mainnet The Ethereum blockchains mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made […]

Bankrupt crypto lender Celsius has withdrawn 6,521 staked Ethereum — worth over $13 million — since the network-enabled withdrawals through the Shapella upgrade. Advertisements On-chain investigator Lookonchain reported on April 14 that 239,882 ETH — worth $504.5 million — had been withdrawn. The top three addresses withdrawing their assets were the bankrupt lender, liquid staking […]

The decline in the value of cryptocurrencies over the last 24 hours has led to $169 million in crypto liquidations for traders, according to Coinglass data. Advertisements Per the data, 46,931 traders were liquidated, with the largest liquidation happening on OKx and valued at $3.04 million. Meanwhile, the market drawback affected both short and long traders. […]

– The Shapella update triggered the withdrawal of thousands of ETH worth millions of dollars. Advertisements -Despite concerns about market impact, Ethereum investors remained optimistic as the price defied predictions and stayed above $2,000. The recent Ethereum [ETH] Shapella update brought about the long-awaited unlocking of staked ETH. This development was met with mixed predictions […]

Advertisements ETH price rallied as deposits briefly surged after the Shapella upgrade, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short term. Ethereum’s long-anticipated Shanghai and Capella upgrades were activated on April 12, and the total withdrawals in the first 40 hours following stood at 142,425 Ether (ETH), per Nansen data. […]

The price of Ethereum has surged to an 11-month high despite the withdrawal of nearly 240,000 ETH. The withdrawals did not have any negative impact on the Ethereum price trend as the crypto asset is on a surge spree. Advertisements As of the time of writing, ETH has recorded a price growth above 6% in […]