Ethereum Watch

Advertisements The U.S. debt ceiling decision propelled S&P 500 and gold prices, surpassing Bitcoin and Ethereum. Bitcoin and Ethereum were trading at a profit on a daily timeframe at press time. In a fascinating turn of events, the prices of the S&P 500 and gold have taken a leap, outshining Bitcoin [BTC] and Ethereum [ETH]. […]

Advertisements ETH use in DeFi is down due to an uptick in staking, but rapid growth in LSDfi could be a bull market catalyst. Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative […]

Bankrupt crypto lender Celsius is restaking its withdrawn staked Ethereum, further elongating the staking activation queue. Advertisements 21Shares researcher Tom Wan said bankrupt Celsius Staked 396,000 Ethereum during the first two days of this month. $1 Billion in On-Chain Flows Blockchain analytical firm Arkham Intelligence corroborated this, saying the bankrupt lender’s asset movements have totaled almost […]

Advertisements The reported deal comes just a few days after CoreWeave announced an additional $200 million worth of funding via an extended Series B funding round. Microsoft has reportedly signed a deal with former Ethereum miner CoreWeave to use its cloud computing infrastructure to support its artificial intelligence (AI)-powered services. According to a June 1 […]

Advertisements Ethereum’s supply on and outside of exchanges changed little over the last week. ETH’s price increased by over 1.5% in the last 24 hours, and indicators were bullish.  After crossing the $1,900 mark, Ethereum’s [ETH] price has once again settled under that zone. Glassnode’s data revealed that a reason behind this could be a […]