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Month: August 2023

cryptocurrency August 4, 2023

Advertisements Put options for ETH rose significantly, indicating bearish sentiment within the market. Implied Volatility witnessed an uptick as price declined. Despite earnest endeavors from Ethereum’s [ETH] development team to enhance the protocol, the price of ETH experienced a significant downturn in the past month. This decline exaggerated the bearish sentiment in the market towards […]

cryptocurrency August 4, 2023

Advertisements Matter Labs has denied allegations of source code plagiarism made by Polygon.  Polygon previously accused Matter Labs of copying part of its open-source code without giving due credit. In response, Matter Labs claimed it had sufficiently attributed the copied code to Polygon. Matter Labs, the crypto firm behind zkSync, has responded to the recent […]

cryptocurrency August 3, 2023

Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). Advertisements […]

cryptocurrency August 3, 2023

Advertisements Six institutions have filed applications for Ethereum ETF. ETH and S&P 500 prices trend separately as stocks gain more value. A recent report showed that certain financial institutions have begun applying for an Ethereum ETF. As ETH gains recognition as an asset class in traditional finance, its price trend could be affected. – How […]

cryptocurrency August 3, 2023

Share this article URL Copied Advertisements HashKey Capital, one of Asia’s largest crypto funds, published a report on the Liquid Staking Derivatives (LSDs) in the DeFi market. The report sheds light on current trends, highlighting the growth of the LSD market to over $22 billion in total value locked and an $18 billion market capitalization. […]

cryptocurrency August 3, 2023

Advertisements HashKey Capital highlighted risks such as reduced competition, increased risk of censorship, decreased security and collusion by big players. As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital.  According to the report, the overall liquid […]

cryptocurrency August 3, 2023

Advertisements The U.S. SEC has reportedly indicated an inclination to consider Ethereum Futures ETFs.  The change in the regulator’s stance comes after multiple applications over the past week.  TradFi and crypto giants, including Grayscale and VanEck, have filed applications for Ether Futures ETFs.  The securities regulator previously directed multiple funds to withdraw their ETH Futures […]

cryptocurrency August 3, 2023

According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20 addresses, up from 156,000 on June 18. Although activity has been low overall, there was […]

cryptocurrency August 2, 2023

Advertisements The NFT volume on the blockchain reached its lowest since November 2022. Blur dominated OpenSea but trading activity on both marketplaces decreased. Once recognized as a thriving landscape of digital art and collectibles, the Ethereum [ETH] NFT market was now experiencing a period of turbulence as activity and volume took a notable downturn. According […]

cryptocurrency August 2, 2023

In a recent court ruling, Ethereum (ETH) was denied non-security status in a case against the U.S. Securities and Exchange Commission (SEC).  Advertisements The court granted the SEC’s motion to dismiss the complaint for declaratory relief on whether Ethereum and the Ethereum Network are securities. While the ruling was a procedural one and not on […]