Ethereum Watch

Advertisements Quick summary: The popularity of DeFi and Decentralized Exchanges since June 2020, has led to Ethereum experiencing high ETH fees Miners are reaping big from these Ethereum transactions thus attracting new miners to the network The value of Ethereum will continue to benefit positively from the demand to pay transactions with ETH The team […]

Advertisements Quick take: Multiple Ethereum based projects affected by the KuCoin have intervened Some have frozen their ERC20 tokens with others initiating hardforks  The KuCoin hack amount has increased to $203 Million and could continue climbing Almost immediately after the KuCoin hack, the team at Tether announced that it had frozen a total of $33 […]

Advertisements Quick take: According to Weiss Ratings, buying and holding Bitcoin is a better option than holding ETH 2017 was the first time ETH hit $300 when Bitcoin was at $1,000 ETH is still in the $300 levels with BTC now 11x higher Ethereum is a good trading instrument but Bitcoin is a better option […]

Advertisements Quick take: Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack Bitfinex has frozen $13 Million Tether (USDT) on EOS Tether has frozen $20 Million USDT on Ethereum Binance has pledged its support in the recovery efforts of funds from the hack KuCoin has […]

Advertisements Quick take: KuCoin’s risk management system detected unusual crypto withdrawal activity beginning today, 2:51 am (UTC +8) The exchange soon confirmed it was a hack KuCoin CEO, Johnny Lyu, confirmed KuCoin has an insurance fund to cover all losses $150 Million in Bitcoin, Ethereum and other ERC20 tokens was taken KuCoin is in constant […]

Advertisements In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via […]

Advertisements Quick take: Ethereum’s adjusted transfer of value (7-day average) has exceeded that of Bitcoin ETH accomplished this feat on the 6th of September and has continued to increase its lead The Ethereum network continues to process over 1 Million transactions per day setting an all-time high of 1.4 Million on September 17th when UniSwap […]

Advertisements In brief: Ethereum balances on exchanges have seen a drastic drop since the popularity of DeFi in August Ethereum investors continue to lock their ETH in smart contracts in DeFi protocols ETH volume on Decentralized exchanges is also growing drastically Ethereum price could once again attempt to revisit $400 In an earlier analysis, it […]

Advertisements Quick take: Over 460,000 Ethereum options expire this Friday, September 25th 90% of these options are held at Deribit Such a high number of ETH options expiring, coupled with a bearish crypto market, could result in the price of Ethereum dropping further ETH is correlated with Bitcoin, which is in turn correlated to the […]

Advertisements Quick summary: Over 15% of the Ethereum supply is locked in smart contracts This comes at a time when the total value locked in DeFi is about to hit a new milestone of $10 Billion In a sense, Ethereum is carrying the entire crypto market right now Over 15% of the Ethereum (ETH) total […]