Ethereum Developers Blocking Updates A developer named Foobar says that Ethereum developers aren’t making important improvements to the network. This has led projects, including meme coin issuers, to move to other platforms. Missing Features and High Fees Foobar says that Ethereum hasn’t had any major updates because core developers are blocking them. This includes features…
Ethereum has seen a significant surge in its market price recently, reaching a one-month high. Amid this uptick, an Ethereum whale has made headlines for their bold strategy. Strategic Accumulation Amid Rising Prices According to Lookonchain, an anonymous whale has been actively increasing their Ethereum holdings through the Spark platform’s revolving loan feature. This DeFi…
Franklin Templeton Files for Spot Ethereum ETF Franklin Templeton, a prominent Wall Street titan and asset manager, has submitted an application for an Ethereum Spot Exchange-Traded Fund (ETF). This move follows their unsuccessful attempt to secure approval for a Bitcoin Spot ETF in early January. Surge in Interest for Ethereum Spot ETF The Ethereum spot…
Introduction: The newly introduced Ethereum token standard, ERC-404, made a grand entrance in the crypto market, outshining many other digital assets. However, as Bitcoin (BTC) regained momentum, investors shifted their focus, leading to a notable decline in the ERC-404 ecosystem. Significant Market Capitalization Drop: ERC-404 sector experienced a significant decline, with an overall market capitalization…
The recent surge in popularity of ERC-404 tokens has led to a significant increase in Ethereum gas fees, reaching levels not seen since March 2023. Ethereum Gas Fees Skyrocket On February 9, 2024, Ethereum gas fees reached an average of 71.4 Gwei, with a maximum of 59,956 Gwei and a minimum of 34.4 Gwei. This…
Significant Deposit and Market Impact In a recent development, Ethereum co-founder Jeffrey Wilcke’s wallet made a notable deposit of 4,300 ETH to a cryptocurrency exchange, totaling 22,000 ETH, valued at approximately $41.1 million. This deposit has injected renewed interest and excitement into the market, despite the overall trend of Ethereum’s netflow remaining unaffected. Netflow Analysis…
Options Traders Bet on $4,000 Ethereum Ethereum (ETH) options traders are betting big, with a significant concentration of call options around the $4,000 strike price for both June and September expiries. This indicates that traders expect the price of Ethereum to rise to or above $4,000 by these dates. Factors Influencing $4,000 ETH Options Strike…
Prometheum’s Strategy Prometheum, an alternative trading platform for crypto securities, recently launched custodial services for Ethereum (ETH). This move has significant implications for the legal status of ETH, the second-largest cryptocurrency by market capitalization. Prometheum’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. The company…
Ethereum’s Exchange Netflow Indicator Signals Bullish Momentum Exchange Netflow: Tracks the net amount of Ethereum entering or exiting centralized exchanges. Positive Value: Indicates more inflows than outflows, potentially leading to selling pressure. Negative Value: Indicates more outflows than inflows, suggesting accumulation for long-term holding. Recent Trend in Ethereum Exchange Netflow: 14-day EMA: Mostly negative, indicating…
Ethereum staking has reached a significant milestone, with over 25% of the total ETH supply now staked. This is despite the poor performance of the ETH price over the past year. Staking on the Rise Liquid staking protocols like Lido Finance have seen a steady increase in the amount of ETH being staked. As a…
