Ethereum Watch

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum saw large volatility but was bearishly biased on the 4-hour chart. This downtrend was against the trend on the daily timeframe and presented a support zone to watch for a positive reaction […]

Advertisements Despite running on a Polkadot parachain, Grill.chat lets users post using Ethereum wallets and send payments via Polygon. Grill.chat, a chat app based on the Subsocial network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to […]

Lido’s dominance in the Ethereum staking market should raise serious concerns about Ethereum’s centralization, say the heads of the decentralized autonomous organization Asymmetry Finance. The potential impact of centralization on Ethereum could be catastrophic, leading to market crashes and protocol failures. Will regulators and community members wake up in time? Advertisements Since the Bitcoin Whitepaper […]

Advertisements Dorsey supported a 2015 suggestion that Coinbase should focus on Bitcoin.  Twitter boss Elon Musk also chipped in to support Dogecoin. Twitter founder and long-term Bitcoin advocate Jack Dorsey claimed on Twitter that Ethereum [ETH] is a security and his comments have created a furore. Dorsey responded with “yes” to a question asking if […]

Jack Dorsey, the former CEO of Twitter, while replying to a comment on June 6, alleged that Ethereum (ETH), the world’s second-largest cryptocurrency exchange, is a security under United States laws.  Advertisements This controversially implies that holders of ETH should, as directed by law, comply with rules enforced by the Securities and Exchange Commission (SEC). Dorsey […]

Advertisements ETH’s daily active addresses and daily transactions have declined of late.  On-chain metrics gave hope for a price uptick in the coming days.  Ethereum [ETH] has witnessed quite a few interesting developments over the last few days. At first glance, it seemed that network usage had increased, while the rest of the metrics suggested […]

Advertisements The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network. Ethereum has just had its first major upgrade, or “hard fork,” since transitioning to a proof-of-stake system. The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network. While […]

Advertisements The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows. The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance — accusing the crypto exchange of violating various securities laws — has directly impacted the crypto market and the […]

Advertisements Ethereum’s non-zero addresses hit an all-time high as it surpassed 100.2 million. Ethereum saw a positive funding rate as bullish sentiment dominated. Ethereum’s [ETH] quest for the $2,000 price realm wound up after encountering numerous obstacles. Nevertheless, two crucial indicators consistently pointed towards a steady upward trajectory, signaling a growing fascination with accumulating and […]

The average transaction fee for Ethereum (ETH) has declined to $7.34 from $20 at the height of last month’s meme coin frenzy. Advertisements Decentralized exchange (DEX) volumes partially drove the surge in Ethereum fees while traders waited for centralized exchange listings. DEX Meme Coin Volumes Drove Ethereum Fees in May Uniswap recorded higher trading volumes […]