Ethereum Watch

The post-Merge landscape of Ethereum took many by surprise; the figures and the outcome weren’t something they had in mind. Advertisements Bad macroeconomic conditions and other negative factors overshadowed what was expected as a breakthrough. It was, in some ways, but the fanfare pre-Marge was so hyped up, until a few days following the event. […]

Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Advertisements Reportedly, Ethereum recorded $1.96 billion in net revenue in the second quarter (Q2). Unfortunately, the third quarter was a paltry $274.12 million. Source: Token Terminal Since […]

Advertisements The DeFi economist at Consensys, David Shuttleworth, is bullish on Ethereum  In an interview with Kitco, Shuttleworth noted how Ethereum processes far more transactions than Visa. In his latest interview with Kitco, the leading DeFi economist at ConsenSys, David Shuttleworth, has praised Ethereum. Shuttleworth noted how post-merge Ethereum has levelled up dramatically and can […]

The Mt. Gox hack was a watershed moment for bitcoin. And the future repayment to the affected people will surely be another one. Since we’re in a bear market, most people worry about what effect will those 140K BTC will have on the price. Will the Mt. Gox class prove to be holders or will […]

Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not declined, given all of the new interest from institutional investors following the network’s move to a proof of work mechanism. This time around, the Ethereum open interest has […]

Ethereum Classic [ETC] concluded the second half of September on a bearish note that resulted in a support retest. The bearish momentum notably weakened but ETC continues to tread lower after failing to bounce from support. Advertisements ETC bears demonstrated strong momentum up until 22 September. This resulted in a retest of support at the […]

Advertisements Lido Finance announced that it is available on Layer-2, and users can bridge their staked Ethereum. Currently, Arbitrum One and Optimism are supported. Lido will also allocate 150,000 LDO tokens in rewards per month across each network. The team wants to encourage the building of liquidity. Lido dominates staking on the Ethereum network, holding […]

Advertisements Lido has around 40% of all the staked ETH on the Beacon Chain. One of the biggest Merge staking providers, Lido Finance, has launched on two layer-2 networks, Arbitrum and Optimism, a move it says further improves accessibility to Ethereum staking while reducing gas fees. The plan to expand to L2 was first unveiled […]

It’s been more than 2 weeks since Ethereum’s Merge happened. However, the hype that existed before the event died down soon, with the event followed by disinterest in the cryptocurrency. Glassnode recently confirmed this outcome after observing a sustained drop in ETH Open Interest in perpetual Futures contracts. Advertisements Here’s AMBCrypto’s Price Prediction for Ethereum […]

Dogecoin (DOGE) is one of the best-performing assets of the past week, as Bitcoin and Ethereum trended to the downside in September. The meme coin seems to be positively reacting to the potential acquisition of Twitter by billionaire and tech giant Elon Musk. Advertisements A well-known Dogecoin defender, the cryptocurrency has shown high levels of […]