Ethereum Watch

Key Takeaways Liquidity is flooding into Algorand’s DeFi ecosystem. The total value locked on Algorand hit $270 million for the first time today. Hivemind Capital deployed $25 million worth of capital in Algorand DeFi, giving the ecosystem a liquidity injection. Several other catalysts have helped Algorand boom ahead of other projects, but the rise may […]

Ethereum [ETH] is having yet another bearish week as the crypto bears retain dominance over the market. Here are some of the latest observations that may offer insights into ETH’s demand and supply dynamics. Especially, now that everyone is wondering about the market’s next move. Advertisements Here’s AMBCrpto’s price prediction for Ethereum (ETH) Some of […]

Advertisements A new crypto project aiming to mint tokens from burning Ether is behind Ethereum’s deflationary turn. Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after […]

Advertisements Summary: The rate at which Ethereum’s network churns out new Ether tokens on a daily basis has dropped by a staggering 97% following the proof-of-stake upgrade in September. Per Delphi Digital’s analysis, net daily emissions have dropped from over 12,000 tokens before the Merge to under 4,000 ETH post-merge. The pattern marks a milestone […]

The transition of the Ethereum [ETH] network into a proof-of-stake led to the supply of the network’s Ether [ETH] witnessing a significant drop, data from Santiment revealed.  Advertisements According to data from the blockchain analytics platform, the percentage of ETH’s total supply that has been sent to exchanges stood at 14.52% at press time. Since the […]

Advertisements Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.  Announced in an […]

The two largest cryptocurrencies by market cap, Bitcoin and Ethereum, have seen a significant rise in their open interest in the last couple of weeks. This comes even when the market is seeing struggling prices and investors have begun to take more conservative positions in the market. The drastic increase in the open interest across […]

Advertisements Crypto analyst Moustache believes Ethereum could soon start one of the biggest bull market runs  Moustache cited Ethereum’s price trajectory of 2016-2017 as an example, drawing comparisons on how Ethereum’s present price pattern is almost identical to its historical price data of 2016-2017  The recent bear phase of the crypto market has led several […]

Ethereum [ETH] bears have been dominant since last week, leading to a higher price drop towards the lower range for 2022. Amid all this, there were some interesting observations that investors should take note of. Advertisements ETH’s exchange reserves dropped back to the lowest year-to-date levels. The last time that exchange reserves were this low […]

Key Takeaways A whale manipulated the price of Mango Markets’ MNGO token to drain over $100 million from the platform. The attacker has put forward a DAO proposal that would see the project commit its treasury to paying off the bad debt. Mango CEO Daffy Durairaj has said that making users whole is his top […]