Ethereum Watch

A notorious phishing group known as Inferno Drainer has begun exploiting a new Ethereum feature to launch wallet-draining attacks Advertisements The group is taking advantage of Ethereum Improvement Proposal (EIP) 7702, a key part of the Pectra upgrade, which allows Externally Owned Accounts (EOAs) to temporarily act like smart contract wallets during transactions. Sophisticated Crypto […]

Today, over $3.3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts will expire. This could affect the market’s short-term price movements. Advertisements Although smaller than last week’s, the expiration of crypto options often triggers price volatility. This comes after Bitcoin hit a new all-time high yesterday. Bitcoin and Ethereum Options Expiry: What Traders […]

Tension rises between centralized and decentralized finance as accusations surface over a recent Coinbase breach. Advertisements ZachXBT alleges that more than 188 Bitcoin (BTC) stolen from users in the Coinbase breach were exchanged for ETH using the permissionless protocol THORChain. Bitcoin Swaps Prompt Social Media Outcry The controversy intensified when blockchain investigator ZachXBT claimed on […]

The SEC delayed 21Shares’ filing for an XRP ETF despite high optimism from recent regulatory developments. On top of this first setback, the Commission also delayed at least three other altcoin ETF applications. Advertisements Nonetheless, ETF analysts are confident that the SEC will eventually approve these products. Government institutions operate on a slow timeline, and […]

Tron blockchain has officially overtaken Ethereum as the largest network for USDT supply, marking a significant shift in the stablecoin ecosystem. Advertisements While Ethereum remains popular for DeFi and institutional-grade applications, Tron is capturing the retail payments and high-volume transfer market. Tron Overtakes Ethereum as Top USDT Network According to data from CryptoQuant, Tron’s total […]

Abraxas Capital, a $3 billion investment management firm, has allocated $837 million toward Ethereum (ETH), boosting its total portfolio value to over $950 million. This bold move reflects growing institutional confidence in ETH and has sparked speculation among analysts about the potential onset of an altcoin season. Advertisements Notably, the firm’s decision to increase its […]

Ethereum recovered over 50% in May. On-chain data is offering new insights into the changing sentiment of Ethereum investors following the Pectra upgrade. As a result, many analysts are now expecting higher price levels. Advertisements This on-chain data includes ETH withdrawals from exchanges, exchange reserves, and ETH whale accumulation. Over the past month, all these […]

Crypto inflows hit $785 million last week, pushing year-to-date (YTD) totals to $7.5 billion. This marks a full recovery from the outflows seen between February and March. Advertisements Ethereum stood out amid the positive flows into digital asset investment products. The Pectra upgrade and the network’s leadership changes drove the changing sentiment. Pectra Upgrade Influenced […]

After Ethereum’s Pectra upgrade hit the mainnet on May 7, Base Network is sprinting, leveraging the fork to scale. Advertisements In an interview with BeInCrypto, Jesse Pollak, Head of Base and Coinbase Wallet, explains how they are doubling on transaction throughput and pioneering smart wallet evolution. Base Eyes Doubling of Throughput With More Blobs Per […]

Over $3.3 billion in Bitcoin (BTC) and Ethereum (ETH) options expire today. It comes after a lower-than-expected US CPI (Consumer Price Index) and cooler PPI (Producer Price Index) data. Advertisements How will today’s expiring options impact the prices of these digital assets and the broader crypto market volatility? Over $3 Billion in Options Expiring – Crypto […]