Ethereum Watch

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Advertisements Ethereum’s [ETH] price remained in a bearish zone below the $1,840 mark throughout the last week. Ethereum started a fresh decline below the $1,800 level and showed […]

Advertisements Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method. The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has […]

Ethereum gas consumption landscape is transforming significantly as Non-Fungible Token (NFT) marketplaces no longer dominate the network’s gas usage. According to a report by Nansen, a crypto analytics platform, NFTs have fallen behind in doing the most in Ethereum gas fees.  Advertisements Notably, while Ethereum’s transition to proof-of-stake, in an event known as “The Merge,” is […]

Advertisements For the second time, a roll-up’s daily active addresses surpassed those of Ethereum. Sentiment around ETH remained negative last week, but network growth and funding rates were high.  Ethereum’s [ETH] daily active addresses were stagnant for quite a few months. While ETH’s metric plateaued, roll-ups, on the other hand, flourished. Is your portfolio green? […]

Advertisements Summary: Ethereum stakers have locked up over 2 million tokens so far in May alone, setting a new all-time high. Dune analytics data showed that daily ETH withdrawals have also slowed down after Kraken’s massive unlocks. Nansen’s Martin Lee noted that staking deposits post-Shanghai indicate strong overall confidence in both the blockchain and ETH […]

Ethereum (ETH) recently witnessed a remarkable event that sent ripples of excitement through the crypto community. An Ethereum whale emerged from a prolonged slumber, making a substantial return to the scene after remaining inactive for more than two years.  Advertisements A “whale” is a term used to describe individuals or entities holding significant amounts of cryptocurrency.  […]

Advertisements Celsius kickstarted the process to unstake its long-staked Ether coins on Lido. CEL’s price continues to plummet as distribution remains unabated.  According to data from blockchain explorer for the Ethereum network Etherscan, bankrupt crypto lender Celsius Network [CEL] has commenced the withdrawal of staked Ether coins [ETH] from Lido Finance. This was following the […]

Tether, the company managing the reserves of the world’s largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly. This move is expected to diversify Tether’s reserves, which currently hold approximately $1.5 […]

Advertisements The L2 project will move from the Goeril Testnet to the final Bedrock on 6 June. Still, Arbtirum has dominated it in terms of active addresses. Layer two scaling platform Optimism [OP] has finalized the date for the Bedrock upgrade. According to its official announcement, it would take place on 6 June. The upgrade, […]

Advertisements The ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a bearish bias. Since May 12, Ether’s price has been struggling to sustain its $1,800 support level, as investors face pressures from a worsening crypto regulatory environment and the […]