Ethereum Watch

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 […]

Advertisements LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%. The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago. […]

Advertisements Ethereum’s Finality pause caused a decline in active addresses, but they bounced back soon after.  While the outflow trend has reversed, Ethereum has yet to recover fully from its bearish trend. The Ethereum [ETH] blockchain encountered a technical hiccup not too long ago, leading to a halt in the finalization of blocks within the […]

Advertisements Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today.  The community behind the DeFi staking platform passed an on-chain vote to approve the transition to version 2.  Lido’s governance token has gained more than 12% following the latest developments.  Lido Finance, the largest Ethereum staking protocol, has activated the […]

Advertisements The export privilege ban comes from Griffith’s conviction and further impacts his involvement in international trade and transactions. The United States Department of Commerce has imposed a 10-year export privilege ban on Virgil Griffith, an Ethereum developer serving a five-year prison sentence. The ban restricts him from enjoying export privileges until April 12, 2032. […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements ETH dropped below 50-EMA but was checked by 100-EMA.  A positive CVD spot could offer bulls slight hope.  The second largest digital asset based on market cap, Ethereum [ETH], is weathering the current […]

Ethereum developers have taken measures to address the finality issues that occurred on the Beacon chain in the past week. On May 11 and May 12, the Beacon chain, the consensus layer of the Ethereum network, was unable to reach finality on two occasions. The first occurrence lasted for 25 minutes, and the second for […]