Ethereum

Inflation accelerated again in May after slowing down in April, which could have a negative impact on cryptocurrency markets already reeling from the Federal Reserve’s tighter monetary policy. The Consumer Price Index (CPI) rose 8.6% in the 12 months through May, which is the largest 12-month increase since December of 1981, the Bureau of Labor Statistics (BLS) reported Friday. The largest monthly gains for CPI, an index that tracks price movements across a broad range of goods and… Source link

Capuski / Getty Images When it comes to an Ethereum price prediction, the cryptocurrency’s progression has the potential to boost the price to heights of up to $4,500 in 2022. However, a continuous downtrend has been forming. An uncertain macroeconomic environment could continue to… Source link

Optimism’s mysterious hacker is at it again.  Ethereum layer-2 scaling solution Optimism revealed yesterday that a hacker made away with 20 million Optimism (OP) tokens after token launch partner Wintermute accidentally transferred the tokens to the wrong account. Now, the hacker has made their next move, sending one million of the stolen OP tokens to Ethereum co-founder Vitalik Buterin’s wallet.  OP tokens are the native tokens of Optimism’s new DAO, the Optimism Collective DAO…. Source link

Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to move the altcoin’s price.  The merge is meant to address energy-use issues and open a path for higher transaction output, but the actual full transition for the Ethereum network is not expected until later in the year. Ethereum developer Parithosh Jayanthi also noted that some bugs on the PoS implementation emerged, but those should be fixed over the… Source link

“For one-to-one and multi-swap trades, Bebop utilizes an RFQ model for its exchange, where professional market makers provide top-quality liquidity to the protocol,” explained Bebop product manager Kat Fore. “For users, this means protection from unexpected slippage – they always transact at the price quoted.” Source link

The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH). Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising the risk of a “DeFi contagion” as Ethereum moves toward proof-of-stake (PoS), argues popular Bitcoin investor and independent analyst Brad Mills. Over 1M Ether liability risks default In detail, investors… Source link

In brief The Layer 2 scaling solution provider failed to sync its Optimism address to an Ethereum address before a large transfer. The stolen OP tokens were valued at $35 million at the time of the hack, with 19 million tokens still missing. Optimism may have a good reason to be pessimistic. The company behind the Ethereum scaling protocol announced today that in preparing to launch a native OP token for the Optimism Collective DAO, it accidentally sent 20 million tokens to the wrong… Source link

June is important for two reasons for the crypto market. Firstly it marks the end of the second quarter, and secondly, the end of June will also mark the arrival of the Merge. The highly anticipated event is expected to be a turning point for Ethereum [ETH] and maybe for the ones investing in the token as well. It’s up and up for ETH Probably not, but the transition to Proof-of-Stake (PoS) is definitely expected to help Ethereum recover from its recent losses. Apart from… Source link

On June 8 the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price.  With the Ropsten upgrade now looking more like a buy the rumor, sell the news type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a look. ETH/USDT 1-day chart. Source: TradingView Can Ether escape the head and shoulders pattern? Twitter analyst, “Cactus”pointed out a bearish head and… Source link

Ethereum’s native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called “double Doji” pattern, accompanied by a few bullish technical indicators. Ether strong support confluence meets Dojis To recap, a Doji is a candlestick that forms when a financial instrument opens and closes around the same level on a specified timeframe, be it hourly, daily or weekly. From a technical perspective, a Doji represents indecision in the market,… Source link