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Month: February 2024

cryptocurrency February 11, 2024

Advertisements Arbitrum accounted for over 50% of ETH’s total transaction volume across top optimistic rollups. Arbitrum had the highest TVL among all ETH scaling solutions. Despite the emergence of several Ethereum [ETH] scaling solutions in the past year, Arbitrum’s [ARB] dominance in the landscape has remained largely intact. Arbitrum scales Ethereum and how! According to […]

cryptocurrency February 10, 2024

Advertisements BTC and Ethereum lead the 7-day increase metric. BTC and ETH have contributed to the increase in the general market cap. Over the last seven days, both Bitcoin [BTC] and Ethereum [ETH] witnessed price increases, consequently impacting their respective market caps. Furthermore, the growth observed in these two assets has contributed favorably to the […]

cryptocurrency February 10, 2024

Ethereum (ETH) is showing a noteworthy pattern in the options market. According to data from Deribit, a leading platform for crypto futures and options trading, there’s a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries. Advertisements Options Traders Anticipate $4,000 Ethereum This accumulation of […]

cryptocurrency February 9, 2024

Advertisements Almost 365 days after the Shapella upgrade, validators have staked 25% of ETH’s supply. ETH remained deflationary, indicating a long-term bullish potential. AMBCrypto’s query on Nansen’s dashboard showed that about 25% of the total Ethereum [ETH] supply has been staked. This percentile amounts to 30 million ETH. From the result of the query, Nansen […]

cryptocurrency February 9, 2024

Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Advertisements Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission […]

cryptocurrency February 8, 2024

Advertisements The final Ethereum testnet has gotten upgraded. Ethereum’s TVL has added nearly $3 billion in the last three days. Recent reports indicate that Ethereum’s [ETH] developers have reached the penultimate stage of the Dencun mainnet upgrade. Holesky gets an Ethereum upgrade As of a recent announcement from an Ethereum developer, the anticipated final deployment […]

cryptocurrency February 7, 2024

Ethereum (ETH) has made significant strides in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet.  Advertisements This is seen as a crucial step towards deploying the upgrade on the mainnet, signaling Ethereum’s progress in improving transaction efficiency, and scalability and reducing transaction fees by up to 90%. […]

cryptocurrency February 7, 2024

Advertisements ETH continued to trade above $2,300 despite the transfer. The price might climb above $3,000 if market conditions improve. According to Spot On Chain, Ethereum [ETH] was part of the cryptocurrencies let go by defunct crypto exchange FTX and its sister firm Alameda. Based on the post, the firms sent 1,000 ETHs to Coinbase. […]

cryptocurrency February 6, 2024

Advertisements Ethereum’s whales have reignited their interest in ETH. Interest in NFT trades on the network fell. Despite the recent volatility experienced by Ethereum [ETH], there has been a noticeable increase in the altcoin over the past few days. Recent whale behavior also supported this notion. Whales move in According to Lookonchain, a substantial whale […]

cryptocurrency February 5, 2024

Advertisements ETH must test a key support level at $2,150 to move up.  Market indicators suggested the possibility of a price downtrend.  Ethereum [ETH] witnessed a price correction a few days ago as it slipped under the $2,300 mark. However, it continued holding on to a key support zone at press time. A drop below […]