Ethereum Watch

Advertisements Ethereum’s average fees returned to reasonable levels after reaching a high in 2023. NFT trades rise as gas prices drop, while self-custody and bullish sentiment boost Ethereum’s outlook. Ethereum [ETH] has long been infamous for its exorbitant gas prices, which has driven away users and forced them to seek alternative networks or solutions. However, […]

Lido, the liquidity staking protocol that supports staking, is now under some of the Ethereum community members’ crosshair. There are fears that the platform is centralizing Ethereum and could make the blockchain fragile. Advertisements As of June 1, Lido is the largest decentralized finance protocol. DeFiLlama data shows that the platform manages $13.2 billion  in staked […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements The week started positively for Ethereum [ETH]. The U.S. debt ceiling talks got “an agreement in principle” on Saturday during a phone call between President Joe Biden and House Speaker Kevin McCarthy. Bitcoin […]

On May 30, the United States Securities and Exchange Commission (SEC) announced that Ishan Wahi, the former Coinbase product manager, and his brother, Nikhil Wahi, had agreed to settle charges brought forth by the regulator accusing them of engaging in an insider trading scheme. Advertisements SEC Settlement With Former Coinbase Product Manager In this way, the […]

Advertisements Roger Ver says that Ethereum, not Bitcoin, will lead the most new users to crypto. Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto.  On a May 31 episode of the Show Me The Crypto […]

Advertisements The amount of ETH staked grew by 11% since the Shapella Upgrade. Over 60% of the stakers were in losses since they locked their ETH on the network. Users in the crypto space have shown significant interest in Ethereum [ETH] staking since the Shapella Upgrade went live last month. Following a successful test of […]

Advertisements The BRC-721E token standard was launched by the Ordinals market and the Bitcoin Miladys NFT collection, allowing traders to transfer their ERC-721 NFTs to Ordinals. Bitcoin Ordinals are the latest layer-2 solution enabling decentralized storage of digital art on the Bitcoin blockchain. Ordinals will now allow users to migrate their Ethereum ERC-721-based nonfungible tokens […]

Advertisements Transactions on the Dogecoin blockchain exceeded that of Bitcoin and Ethereum combined. The hike affected the hashrate as new tokens increasingly minted. Dogecoin [DOGE] witnessed a surge in transaction count, as it surpassed a daily count of two million buying and selling activity on 28 May. The hike means that the meme coin could […]

Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin space, with its supply growing significantly since the beginning of 2023. However, there are signs that […]

Advertisements Ethereum’s balance on exchanges reached a new 5-year low.  Supply held by top addresses increased, and metrics looked bullish on ETH.  Ethereum [ETH] has once again crossed the $1,800 mark and was fast approaching $2,000 at press time. However, despite its green chart, whales seem to have been selling their assets. A decline in […]