Ethereum Watch

Key Takeaways Nansen’s analysts have observed continued inflows into DeFi pools backed by robust development even after the market crashed in May. 1.2 million smart contracts were deployed on Ethereum in June following the recent crash, the highest in Ethereum’s history. Despite the threat of competitors and MEV, Nansen say that Ethereum is well poised […]

Advertisements Twitter CEO Jack Dorsey is doubling down on his Ether skepticism by downplaying the network’s potential to shake up the world of the social media giants. Twitter CEO and self-professed Bitcoin (BTC) maximalist Jack Dorsey is not giving Ether (ETH) fans an inch. In his latest offhand remark about the market’s second-largest cryptocurrency, Dorsey […]

Ethereum is holding gains above the $3,000 support zone against the US Dollar. ETH price is now facing resistance near the $3,150 and $3,180 levels. Advertisements Ethereum started a downside correction after it failed to stay above $3,200. The price is now recovering above $3,100 and the 100 hourly simple moving average. There is a […]

Advertisements Chainlink’s data oracles are now live on Arbitrum One, with the team also planning to soon launch its Proof of Reserve and Verifiable Random Function on the layer-two. Leading data oracle provider Chainlink has announced its successful launch on Arbitrum One — the beta mainnet deployment of layer-two Ethereum scaling solution, Arbitrum. Announced August […]

Advertisements The Kryptoin Ethereum ETF Trust plans to issue its common shares on the Chicago Board Options Exchange’s BZX and will value them based on the CF Ether-Dollar U.S. settlement price. Delaware-based Kryptoin Investment Advisors has joined a score of other crypto ETF hopefuls by filing for an Ethereum exchange-traded fund (ETF) with the United […]

Advertisements The London hard fork sets Ethereum up for a new era as ETH price continues to make gains alongside a positive community reaction. The London hard fork of Ethereum, which went live on Aug. 5, ushered in a new era for the transition to Ethereum 2.0, a complete proof-of-stake (PoS) blockchain. In fact, the […]

Ethereum is holding gains above the $3,200 resistance zone against the US Dollar. ETH price remains attractive and it might continue to rise towards the $3,350 resistance. Advertisements Ethereum is trading nicely above the $3,100 and $3,150 support levels. The price is now trading above $3,200 and the 100 hourly simple moving average. There is […]

Ethereum is holding gains above the $3,000 pivot zone against the US Dollar. ETH price is likely to accelerate higher if there is a clear break above the $3,200 resistance zone. Advertisements Ethereum is trading nicely above the $3,000 and $3,050 support levels. The price is now trading above $3,100 and the 100 hourly simple […]

Advertisements A spike in gas fees and ETH burn rates has produced almost 800 deflationary blocks so far. The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 “deflationary blocks” produced. A spike in the Ethereum transaction fee burn rate has resulted in […]

Advertisements Biconomy is planning to launch its native token, BICO, in the near future. The company also claimed that it will expand to support over 30 decentralized applications. Multichain infrastructure network Biconomy has formally launched its Hyphen mainnet, setting the stage for instant low-cost token transfers across blockchains like Ethereum and Polygon.  With the launch of […]