Ethereum Watch

Advertisements Summary: Ethereum’s native token ETH could move closer to a deflationary state thanks to the Merge. The switch to proof-of-stake ETH issuance for network rewards by around 90%. This further bolsters Ethereum’s burn mechanism which went live in 2021 Ethereum’s PoS transition is expected to happen between September 13-15 with an upgrade dubbed Paris. […]

Ethereum [ETH], the largest altcoin saw a major decline below the $1,600 support similar to Bitcoin [BTC]. ETH even dived below $1,550 before the bulls tried to take a stand but failed. Despite the lack of real fireworks in ETH, open interest in futures markets continues to see unprecedented levels. Advertisements Could this be a […]

Advertisements Summary: Decentralized exchange Uniswap declared full support for the Merge. The dex does not have plans to support any Ethereum proof-of-work hard forks at press time. Uniswap’s decision was revealed on Wednesday, a day after the Bellatrix update went live. The platform expects smooth operations during the Merge transition. Ethereum’s proof-of-stake switch is expected […]

Advertisements The U.K.’s ETC Group will offer an ETP based on the Ethereum Pow hard fork after The Merge. All holders of the current Ethereum ETP will receive units of the new one on a 1:1 basis. Some exchanges have also said that it would support the asset of the forked chain. Ethereum Proof-of-Work hard […]

What would happen to staking rewards on the post-merge Ethereum [ETH] proof-of-stake blockchain? Any idea? Consider the following scenario then. Advertisements Staking is one of the most awaited features of the post-Merge Ethereum network. According to IntoTheBlock, initial estimates claimed staking would give users between 12% and 15% in rewards. However, it seems like the […]

Advertisements Switzerland’s SEBA Bank has launched an Ethereum staking service for institutional clients. The bank is fully regulated and says clients have been asking for staking services. Ethereum staking and the number of validators have also hit all-time highs. Switzerland’s SEBA Bank has launched a staking service for institutional clients, just as Ethereum’s Merge is […]

The Ethereum [ETH] foundation released an announcement dated 24 August. They confirmed that the eventual transition of the Ethereum Network into a proof-of-stake (PoS) consensus mechanism would be a two-phased event that will take place between 6 September and 20 September.  Advertisements The first phase, called the Bellatrix upgrade, is scheduled for epoch 144896 on […]

Advertisements Summary: Decentralized finance protocol Aave paused loans for Ether (ETH). Aave’s community voted in favor of the decision in light of Ethereum’s upcoming Proof-of-Stake upgrade. The protocol has recorded higher loan utilization rates leading up to the Merge. Aave’s decision came shortly before Bellatrix, the first of two stages before Ethereum’s final PoS transition, […]

Advertisements The Bellatrix upgrade, one of the final stages in Ethereum Proof-of-Stake transition, has gone live. The Merge will take place with the Paris upgrade, expected around September 15. Some exchanges and platforms are suspending Ether deposits during this time. The Bellatrix upgrade for Ethereum, one of the final upgrades before The Merge takes place, […]

According to data from DefiLlama, the total value locked (TVL) for all decentralized finance (DeFi) protocols housed within different chains stood at $59.18 billion. Impacted by the general decline in the cryptocurrency market, the TVL within the DeFi ecosystem has declined by 65%.   Advertisements Built on the Ethereum network, MakerDAO, with a TVL of $7.94 […]