Ethereum
Ethereum ETF Amendment: Grayscale Awaits Imminent Approval
Grayscale’s Chief Legal Officer, Craig Salm, has announced that the company has submitted a revised Form 19b-4 for its Ethereum Trust to the U.S. Securities and Exchange Commission (SEC). Salm considers the move a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca. In his […]
Bitcoin Falls Below $68K, Leads to $811M in Crypto Liquidations
Bitcoin (BTC) fell below the $68,000 mark in early-day trading on Friday after hitting a new high above $73,000 the previous day. At the time of writing, Bitcoin was trading at $67,141, nearly 8% down in the last 24 hours. The price correction triggered massive liquidations of positions worth more than $811 million in the […]
BNB Smart Chain Upgrade: Blob Transactions in BEP 336
BNB Smart Chain (BSC) is introducing a significant upgrade called “BEP 336.” Inspired by Ethereum’s EIP 4844, this upgrade aims to improve the storage and processing of data on the blockchain, leading to notable reductions in transaction costs and improvements in network performance. BNB Smart Chain: Efficient Data Solutions The upgrade introduces “Blob-Carrying Transactions” (BlobTx), […]
Ethereum L2s Show a Significant Drop in Transaction Fees After Dencun Upgrade
The Dencun upgrade went live on the Ethereum (ETH) network on March 13, which resulted in a significant decrease in the transaction fees on Layer-2 (L2) chains like Optimism, zkSync, Arbitrum, and Coinbase’s Base. Dencun is a scalability-focused upgrade on the Ethereum mainnet, with many considering it one of the most important upgrades since the […]
Ethereum Could See Price Correction: QCP Capital
Ethereum (ETH), the second-largest crypto by market cap, has caught the attention of investors as its risk reversals turned negative for front-date expiries, according to the data from QCP Capital, a Singapore-based crypto asset trading firm. Risk reversal provides insights into traders’ sentiments. ETH’s negative risk reversal shows an increase in demand for put options, […]
$47M Lost to Crypto Phishing Scams in February: Scam Sniffer
According to crypto sleuth Scam Sniffer’s February Phishing Report, over 57,000 individuals fell victim to crypto phishing scams, losing a staggering $46.8 million. Security firm revealed that impersonated X (formerly Twitter) accounts lured most victims to phishing websites through deceptive comments. According to a chart provided, over $6 million was stolen on Feb. 15. The […]
Ethereum’s Evolution: Navigating Adolescence Towards Maturity
Late 2022 saw Ethereum go through a transformative event referred to as ‘The Merge’ that was a turning point for cryptos. Since then, its supply has been consistently deflationary signifying a change in its ecosystem dynamics. However, despite these changes, there is still room for growth and development of the network along with achieving its […]
Solana Climbs 18% to Hit New Yearly High, Led by WIF Memecoin Frenzy
In the last 24 hours, Solana (SOL) has posted an 18.81% gain, rising rapidly from $108 to reach a new yearly high of $131.10 at the time of publication. The latest surge is attributed to a wave of purchases of the Solana-based memecoin Dogwifhat (WIF). The memecoin, featuring an image of a Solana developer’s dog […]
Ethereum Layer 2 Networks Hit $30B TVL
Ethereum layer-2 networks reached a new milestone on Feb. 28, hitting $30 billion of total value locked (TVL) within their contracts, according to data from the blockchain analytics platform L2Beat. Arbitrum leads the surge with 45.37% of the total TVL, representing $13.66B, followed by OP Mainnet at 25.08%, or $7.55B. Other notable contributors include Manta […]