Ethereum Watch

Advertisements Summary: Polygon (MATIC) has launched an uncapped fund to assist Terra projects willing to migrate to its chain. Financing of the fund will come from $450 million already raised by Polygon, its treasury, and a $100 million ecosystem fund. Polygon is willing to deploy more capital for Terra projects migrating if needed. The fund’s […]

Advertisements “The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.” One of the most popular Ethereum clients, OpenEthereum, has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or […]

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone. Advertisements Ethereum remained stable above the key $1,920 support zone. The price is now trading above $2,000 and the 100 hourly simple moving average. There was a break above a major bearish […]

The Bitcoin market has now traded lower for eight consecutive weeks, the longest continuous string of red weekly candles in history. Even, Ethereum, the largest altcoin painted the same picture. Well, such bearish movements directly or indirectly affect the returns/profit margins. Advertisements To make things worse, derivative markets suggested fear of further downside at least […]

Advertisements Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts […]

Advertisements Summary: Bitcoin’s value has been declining for a record-breaking eight consecutive weeks. The ongoing pullback has put a notable dent in the entire crypto market performance. Fear in the Bitcoin and Ethereum derivatives markets indicates that downside selling pressure will continue for the next three to six months. However, bear markets eventually usher in […]

Key Takeaways TRON’s DeFi ecosystem is soaring. It’s now the third-largest blockchain in total value locked terms, trailing only Ethereum and BNB Chain. The surge can likely be attributed to its new algorithmic stablecoin USDD, which has ballooned to $545 million on promises of 30% “risk-free” yields. TRON’s USDD employs a similar stabilization mechanism as […]

Advertisements Summary: Coinbase Wallet has integrated swaps on the BNB Chain and Avalanche in addition to Ethereum and Polygon. With an in-app Decentralized Exchange, Coinbase Wallet simplifies the process of swaps and will integrate other networks in the months to come. The team at Coinbase has announced that the platform’s wallet has integrated swaps on […]

Key Takeaways Crypto’s DeFi sector has been trading in a bear market for over a year, with many of its top projects falling over 80% from their all-time highs. MakerDAO, Aave, and Uniswap have been trading downwards over the period, despite retaining or improving fundamentals. The second-largest lending protocol, Compound, has lost 92.5% in value […]

Ethereum failed to clear the $2,085 resistance and declined against the US Dollar. ETH must stay above $1,920 to start a fresh increase in the near term. Advertisements Ethereum failed to clear the $2,085 and $2,100 resistance levels. The price is now trading below $2,000 and the 100 hourly simple moving average. There was a […]