Ethereum Watch

The Ethereum (EHT) price has declined since the cryptocurrency market crash in mid-August. The downward movement resulted in the loss of many important support levels, but the ETH price is currently trying to rebalance. Advertisements If the Ethereum price holds the key $1,630 area, a short-term bounce can complete a bearish retest of the $1,800 […]

The United States Securities and Exchange Commission (SEC) is reportedly on the verge of granting approval to the first Ethereum Futures-based exchange-traded funds (ETF). Advertisements The SEC didn’t comment, but those familiar with the matter shared the news. SEC Unlikely to Block An Aug. 17 report, citing familiar sources, discloses that several firms could receive […]

This week, after the end of a major industry conference, everyone in the crypto sphere is talking about account abstraction, smart contract wallets, and the new Ethereum upgrade, ERC-4337. What are they, and why is everyone so excited? Advertisements One of crypto’s longstanding foibles is its lack of user-friendliness. Even for seasoned tech veterans, setting […]

ZkSync’s new prover for its zkSync Era rollup will offer cheaper transactions through reduced capital costs. Advertisements Unlike other scaling solutions, some of which require up to 500 gigabytes of memory, zkSync’s new prover will only consume 8 GB. ZkSync Prover Decentralizes Key Infrastructure The Boojum prover can use the memory on standard Graphical Processing […]

As developers pitch radical long-term scaling upgrades, Ethereum infrastructure builder ConsenSys has announced the alpha testing phase for a new zero-knowledge Layer 2 ZK mainnet, Linea. Advertisements According to the MetaMask operator, the Linea network has processed $46 million worth of transactions involving 5.5 million unique wallets. Will ConsenSys Linea ZK Mainnet Win Developers? The […]

Members of the Forta network have discovered a new type of cryptocurrency scam dubbed the “Sleepdrop,” which has affected a significant number of users. The scam involves the presence of unexpected tokens from a seemingly legitimate contract in users’ wallets. Users who do not avoid such airdropped tokens are at grave risk. Advertisements The Forta […]

JPMorgan says Ethereum must come under a new category or be classified as a commodity to insulate it from overregulation. Advertisements In a research note on Thursday, JPMorgan strategist Nikolaos Panigirtzgolou said regulating Ethereum (ETH) as an alternative asset would see it strike a middle ground between commodity and security regulatory regimes. SEC Documents Cast […]

Lido’s dominance in the Ethereum staking market should raise serious concerns about Ethereum’s centralization, say the heads of the decentralized autonomous organization Asymmetry Finance. The potential impact of centralization on Ethereum could be catastrophic, leading to market crashes and protocol failures. Will regulators and community members wake up in time? Advertisements Since the Bitcoin Whitepaper […]

The average transaction fee for Ethereum (ETH) has declined to $7.34 from $20 at the height of last month’s meme coin frenzy. Advertisements Decentralized exchange (DEX) volumes partially drove the surge in Ethereum fees while traders waited for centralized exchange listings. DEX Meme Coin Volumes Drove Ethereum Fees in May Uniswap recorded higher trading volumes […]

Bankrupt crypto lender Celsius is restaking its withdrawn staked Ethereum, further elongating the staking activation queue. Advertisements 21Shares researcher Tom Wan said bankrupt Celsius Staked 396,000 Ethereum during the first two days of this month. $1 Billion in On-Chain Flows Blockchain analytical firm Arkham Intelligence corroborated this, saying the bankrupt lender’s asset movements have totaled almost […]