Ethereum Watch

MakerDAO has offered to integrate the Optimism chain on its network subject to community approval Its stablecoin, DAI, has remained top of supply on the protocol, and could also be impacted by the integration MakerDAO’s [MKR] mission to enable its users to get better incentives seems to have taken another turn with a proposed Optimism [OP] […]

1inch, a leading cryptocurrency exchange aggregator, released the Rabbithole tool on 25 November, aimed at protecting users against sandwich attacks. Rabbithole allows users to send transactions to Ethereum [ETH] nodes directly, bypassing the mempool. Advertisements Users must change the Remote Procedure Call (RPC) endpoint in their crypto wallet to use it. Post this, each swap […]

ETH staking and validator count growth remained unaffected as the market grappled with the FTX’s collapse There was, however, a slight fall in daily earnings per validator on the chain Seventy days since it became operational, the sudden collapse of FTX did not impair activities on the Ethereum proof-of-stake [POS] network. This, according to a […]

Ethereum whales are accumulating ETH in significant amounts Validators show interest in Ethereum, despite declining revenue With all the attention in the crypto-space being directed towards the FTX saga, whales and sharks have been accumulating ETH under the radar. Advertisements Read Ethereum’s Price Prediction 2022-2023 Lots of fish in the sea Santiment, a leading crypto-analytics […]

Binance Pool added Ravencoin [RVN] to its list of supported tokens, as per the latest announcement made on 23 November. Binance Pool will be charging 1% fees for its RVN pool. Advertisements It was only in October that the cryptocurrency exchange launched a funding pool worth $500 million. This was to lend to distressed mining […]

ETH’s press time market structure stood hounded by the bears Immense selling pressure could push funding rates further into the negative territory   Ethereum [ETH] broke through several support levels and plunged even lower as FUD spread around the alleged FTX exploiter dumping ETH for BTC. The alleged FTX exploiter sold 50,000 ETH for BTC over the […]

Binance’s CEO shared a solution to help avoid exchanges using customer funds as presented by Vitalik Buterin BNB continues to prevail in static positions, according to its on-chain information The CEO of Binance, CZ, agreed with Vitalik Buterin that Centralized Exchanges (CEXes) needed to produce public evidence showing user safety. Of course, CZ had initially […]

AAVE witnesses renewed interest from whales However, lack of demand may dampen the state of AAVE in the long run  In the first half of November, AAVE crashed to sub-$60 price levels. Its performance last week indicated a low demand of enough bullish momentum for a sizable recovery. However, that observation might be about to […]

Since FTX’s collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETH] lingered above the $1,200 psychological support level, data from Santiment revealed that sharks and whales have ramped up their ETH holdings in the […]

stETH clinched an all-time high in its APR since the Merge Recent market downturn caused by FTX’s collapse has made it hard for its price to see much positivity stETH, the tokenized form of staked Ether native to Lido Finance, saw a jump in its annual percentage rate (APR) to an all-time high of 10.7% […]