CoinGecko, a crypto data and analytics platform, recently published a report on Ethereum Liquid Staking for 2023. This report offers insights into Liquid Staking Derivatives (LSDs) introduced after Ethereum’s Beacon chain launch in 2020. Initially, ETH holders were required to stake a minimum of 32 ETH to become validators after the launch. However, to encourage […]
The Ethereum-to-Bitcoin ratio hit a 14-month low as major token holders, including Ethereum co-founder Vitalik Buterin, moved significant amounts of coins to crypto exchanges, possibly as a prelude to selling. Data from TradingView showed that ETH-BTC fell to around 0.0602 on Wednesday, the lowest reading since July. The recent decline supports some market analysts’ bearish […]
Grayscale Investments has reportedly made a second request for an exchange-traded fund (ETF) focused on Ethereum futures. This ETF aims to track the value of Ethereum Futures contracts. The investment firm had previously applied for an Ethereum futures ETF. However, there is a noticeable difference in how this application was filed. According to a recent […]
According to insights from IntoTheBlock, major participants in the Ethereum Layer 2 (L2) sector are increasingly specializing, with Base emerging as a prominent leader. Among these participants, Base offering has surged ahead by boasting the highest number of distinctive addresses and transactions, benefiting greatly from Coinbase’s extensive network. This shift has created a favorable landscape […]
Astar Network, a Layer 1 smart contract platform, collaborates with Polygon Labs, an Ethereum scaling developer supporting Ethereum, Polkadot, and Cosmos. Together, they plan to introduce Astar zkEVM as their Layer 2 solution. The Japanese blockchain project has recently announced its plan to develop Astar zkEVM. To achieve this objective, they will utilize the Polygon […]
Ark Investment Management, in collaboration with 21Shares, has submitted a new filing with the US Securities and Exchange Commission (SEC) for the first-ever spot Ether (ETH) exchange-traded fund (ETF) in the US, Bloomberg reported on September 6. The move comes after the regulatory authority delayed its decision on various BTC ETF applications, including one offered […]
MetaMask, a prominent cryptocurrency wallet, has once again created a buzz by introducing an innovative feature. This groundbreaking addition empowers users to effortlessly convert their Ethereum (ETH) holdings into traditional fiat currency. This remarkable development follows closely on the heels of MetaMask’s previous offering, which enabled users to purchase cryptocurrencies using fiat directly from their […]
Shiba Inu’s layer 2 solution, Shibarium, continues to gather a substantial fan base following its impressive resurgence. Just one week after its relaunch, this scaling network has witnessed a staggering 600,000 wallets engage in over 700,000 transactions, showcasing its unwavering strength. Data from BlockScout indicates that on August 31, approximately 100,000 transactions occurred, trailing behind its […]
Ethereum, the second-largest cryptocurrency by market cap, has recently introduced a significant update that has the potential to revolutionize its network operations. This groundbreaking update is known as the Ethereum Execution Layer Specification (EELS). It serves as a comprehensive and precise guide for Ethereum’s core protocol. The development of EELS was led by the Ethereum […]