Ethereum

Recently, data shared by Glassnode, a Blockchain data company, has revealed that a total of 13 million ETH, or 10.9 per cent of the total supply, has been put in the 2.0 contract. Lido controlled 4.13 million ETH of this or more than 31.8 per cent of the entire investment, and Coinbase, Kraken, and Binance held nearly 3.5 million ETH together, or about 27 per cent of the total position, according to various media reports. What Is Ethereum? At its heart, Ethereum is a… Source link

Arman Shirinyan Ethereum’s downtrend is far from being over as more exchanges offer high interest rate to those who are willing to short FTX centralized exchange could be one of the biggest sources of selling pressure on Ethereum and other cryptocurrencies by funding traders who are willing to provide their coins in exchange for a high APY. Such a strategy creates massive pressure on an asset that is already struggling to maintain above local support levels. Essentially, FTX is… Source link

In its new report titled “State of Ethereum Report — Q2, 2022,”  Bankless reviewed the performance of the Ethereum Network and its ecosystem in the second quarter of 2022. It touched upon the network’s performance under four broad categories – Protocol, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Layer 2. Ahead of the Ethereum 2.0 Merge, here is a look at the salient developments within the Ethereum Ecosystem over the previous quarter.  Here’s… Source link

The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network. Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a high near $1,280 on July 8 but has since trended down to hit a daily low of 1,153 on July 10. ETH/USDT 1-day chart. Source: TradingView With… Source link

Tomiwabold Olajide Total amount of ETH deposited in 2.0 contract has topped 13 million ETH According to Glassnode, the total amount of ETH deposited in the 2.0 contract has topped 13 million ETH, or 10.9% of the total supply. Of this, Lido held 4.13 million ETH, or more than 31.8% of the overall stake, and Coinbase, Kraken and Binance collectively held nearly 3.5 million ETH, or about 27% of the total stake. Total $ETH deposited in the 2.0 contract has now surpassed 13M $ETH, which… Source link

Fidelity’s director of global macro is evaluating where Bitcoin (BTC) and Ethereum (ETH) stand after months of price capitulation. Jurrien Timmer tells his 131,200 Twitter followers that Bitcoin is likely undervalued at current prices based on his S-curve model. The model attempts to gauge the value of BTC by predicting the future growth of its network based on the rate at which users adopted the internet. “Bitcoin and crypto in general have not been spared from the… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt It was a great week for investors as nearly all of the top 100 cryptocurrencies by market capitalization grew in value, despite the lingering crypto winter exacerbated by insolvency issues at crypto lenders Vauld and Voyager.  Bitcoin has jumped more than 12% over the last seven days to trade at $21,565 as of this writing, according to CoinMarketCap. Meanwhile, Ethereum enjoyed an even bigger rally, adding more than 15% to… Source link

Bitcoin bull and CEO of MicroStrategy Michael Saylor talked about Bitcoin, Ethereum, Cardano, and their asset classification in the United States. This topic has gained more importance over the last month as the Securities and Exchange Commission (SEC) Chairman Gary Gensler claimed only Bitcoin is a commodity. Related Reading | U.S. Bank Will Connect With Ethereum’s MakerDAO To Borrow $100 Million  Other cryptocurrencies, such as Ethereum and Cardano, are at… Source link

Ether (ETH) price is up 16% since July 1 and has outperformed Bitcoin (BTC) in the last 7 days. The move could be partially driven by investors clinging to their hopes that the Ethereum network transition to proof-of-stake (PoS) consensus will be a bullish catalyst. The next steps for this smart contract involve “the Merge,” which was previously known as Eth 2.0. The final trial on the Goerli test network is expected in July before the Ethereum mainnet gets the green light for its… Source link

Ethereum is up by a whopping 16% in the past seven days alone as the bulls have pushed the price above $1200 and seek higher levels. The question is if this rally is sustainable or if we’re bound to go into another pullback. Technical Analysis By Grizzly The Daily Chart The following chart contains the daily 50 DMA (in yellow) and MACD (14, 30), marked in blue. During the last three attempts to initiate a rally, every time the MACD line broke the baseline, the histogram… Source link