USDC natively issued by Circle will become the official version of the stablecoin on Arbitrum. The company expects native USDC to gradually replace “bridged USDC” liquidity from Ethereum. Circle says the launch will go live on June 8 and the Arbitrum Foundation will help ensure smooth transition for ecosystem apps. Stablecoin issuer Circle has announced the launch of USDC natively on the Arbitrum blockchain, noting that the release will see native USDC liquidity eventually replace Ethereum-bridged versions on the Layer 2 protocol. “USDC issued by Circle will be native to…Read More
Category: Ethereum News
Ethereum price prediction: Will ETH top the $2k level soon?
Key takeaways Ether has been trading around the $1,800 region over the past few weeks. The crypto market is slowly recovering from its recent slump and ETH could target the $2k psychological level soon. Ether is yet to test the 11-month high of $2,141 since it reached that level after the Shanghai update. Ether could test the $2k level soon Ether, the second-largest cryptocurrency by market cap, has been underperforming in recent weeks. The cryptocurrency has been trading between the $1,750 and $1,850 level over the past few weeks. The…Read More
Celsius withdrawing nearly $800 million of Ether from Lido
Key Takeaways Bankrupt lender Celsius is trying to withdraw $779 million worth of ETH from Lido The ETH represents 7% of the total amount staked with Lido Celsius has $4.7 billion of debts with creditors, and sent the market into a tailspin last year after it got caught up in the Terra contagion Celsius also staked $75 million of ETH with staking provider Figment last week Celsius is the temperature unit of choice for all bar three countries: Liberia, Burma and the United States. Celsius is also the name of…Read More
Aave V3 now live on Metis
Aave V3’s launch on Metis follows a community vote that went live earlier this month. According to the Metis team, there are various ways in which the Aave V3 integration will benefit ecosystem users. The DeFi protocol’s V3 is also live on Avalanche, Polygon, Optimism and Arbitrum. Aave, a decentralized liquidity protocol, has deployed on the Ethereum layer-2 scaling platform Metis, offering a range of decentralized finance (DeFi) features and products to its ecosystem. The launch on the Metis Layer-2 comes after a community proposal for the zero-knowledge (zk) proof…Read More
Casper price prediction: CSPR outlook after massive April?
Casper Network price rose over 60% in April, hitting a high of $0.060. CSPR traded at around $0.059 at the time of writing, about 6% up in the past 24 hours. While CSPR price is above key support level, here’s the price outlook for Casper Network going into May. Casper Network price rose more than 60% in April as the value of the native CSPR rallied to above $0.060. The cryptocurrency’s price currently sits around $0.059, up 6% in the past 24 hours and nearly 16% higher in the past…Read More
Ethereum ICO address activates after 7 years
Ethereum (ETH) ICO price was $0.31 when the address received coins on 30 July 2015. The addresses’ wealth has jumped from $733 to over $4.4 million at the time of the single transaction on 23 April 2023. Last week a Satoshi era wallet woke up after over 10 years. An Ethereum wallet that participated in the coin’s initial coin offering (ICO) has transacted for the first time, on-chain data shows. The address received 2,365 ETH on 30 July 2015 and remained dormant until Sunday, 23 April 2023 when it transferred…Read More