Ethereum Watch

Advertisements A section of the Ethereum community proposed the ERC-7265 standard to reduce DeFi exposure to exploits. The approach has raised concerns about certain issues that DeFi is against. As the leading project in Decentralized Finance (DeFi), the Ethereum [ETH] community has taken it upon itself to curb the incessant attacks in the ecosystem. Dubbed […]

Advertisements Summary: A proposal on Aave DAO to move $3 million in ETH from the treasury into wrapped staked ETH and rocket pool ETH is active in the project’s governance forum. The proposal with 252,152 votes in favor argues that converting 1,600 ETH to liquid staking derivatives will earn higher yield for the protocol. Staking […]

A trader’s big bet against Ethereum caused him to lose a big chunk of his $2 million margin. Considering the firm and steady increment of ETH prices over the last few weeks, more could be at stake.  Advertisements In a series of screenshots shared on July 3 on Reddit, one trader on GMX has been […]

Advertisements Net deposits on the Beacon Chain increased on the Lido pool.  L2 bridging grew by 5% as TVL fell. Even as a top liquid staking platform, Lido Finance [LDO] felt the impact of the turbulence. This was the case with many other assets in the market. During the period of unrest, the value of […]

Advertisements A further drop in ETH’s price could send the DeFi market into another round of liquidation. The DeFi TVL across all chains submerged. Ethereum [ETH] and assets linked to the Decentralized Finance (DeFi) sector are experiencing a wave of uncertainty in the market. Although ETH’s dominance in the smart contract space has been unwavering, […]

Lido, the liquidity staking protocol that supports staking, is now under some of the Ethereum community members’ crosshair. There are fears that the platform is centralizing Ethereum and could make the blockchain fragile. Advertisements As of June 1, Lido is the largest decentralized finance protocol. DeFiLlama data shows that the platform manages $13.2 billion  in staked […]

– Developers are shifting away from contributing to the U.S. crypto ecosystem. Advertisements – Smart contracts deployment and active addresses across all blockchains have reached their respective ATHs. Since Bitcoin [BTC] marshaled many other assets to reach their respective All-Time Highs (ATH) in 2021, the cryptocurrency landscape has been characterized by its dynamism and volatility, […]

Ethereum-based decentralized finance (DeFi) protocol dYdX is closing operations in Canada. According to an official announcement, users in this country will be unable to open new accounts starting today, April 7th, at 17:00 UTC. Advertisements As a result of the announcement and following today’s trend in the crypto market, dYdX’s native token experienced a spike […]

Key Takeaways Coin Center has responded to the U.S. Treasury’s “DeFi Illicit Finance Risk Assessment” report. The crypto advocacy group criticized the Treasury for assuming that all DeFi protocols failed to comply with AML regulations. However, it praised the report for acknowledging that DeFi presented very little risk of illicit activity compared to the traditional […]

EUL, the native token of the DeFi lending protocol Euler Finance, is currently experiencing an impressive price rally driven mainly by news of the protocol recovering some of the stolen funds from the $200 million hack that occurred earlier this month.  Advertisements EUL Gains 25% In 24 Hours According to data from Coingecko, EUL is […]