Category: Ethereum News

Ethereum price staged a strong recovery on Tuesday as investors remained optimistic about cryptocurrencies. ETH coin jumped to a high of $1,738 on Tuesday, the highest level since August 17th. It has soared by more than 11% above its lowest level this month. Ethereum ETF next? The main catalyst for the Ethereum price surge was the decision by a US court to side with Grayscale. The lawsuit emerged from a decision by the SEC to arbitrarily reject Grayscale’s attempt to convert its GBTC ETF into a spot ETF. In the verdict,…

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After a spectacular mess up, Bald developer has transferred ether worth $12.9 million back to Ethereum Network. The developer deposited 2,100 ether on Kraken. In most cases, whales transfer cryptocurrencies to exchanges to sell them or trade them for other coins. After weeks of rapid growth, its mysterious creator of bald (BALD) yesterday transferred $12 million in ether (ETH) back to the Ethereum network. Bald had reached a market capitalization of $80 million before some events caused the token price to fall by 90%. According to data published by analytics company…

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About $6.5 million flowed out of funds tracking different cryptocurrencies last week. Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows. The minor outflows follow 4 consecutive weeks of inflows. CoinShares’ latest report on digital assets investment products suggests the industry saw minor outflows of $6.5 million over the past week. The outflows follow a consecutive four weeks of inflows that saw investors pour $742 million into different crypto investment products. James Butterfill, Head of Research at CoinShares noted that while…

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Key Takeaways Ever since the Merge went live in September, Ether has underperformed Bitcoin significantly  This is despite the supply of Ethereum falling post-Merge More Ether is also being staked since the Shapella upgrade in April  Demand has fallen with regard to Bitcoin, however, overriding the lower supply Regulatory crackdown and greater institutional interest in Bitcoin appears to be driving the divergence, writes our Head of Research One of the more interesting trends to follow within crypto is that of the ETH / BTC chart. In other words, how the…

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Boojum upgrade is live as zkSync Era transitions to a new STARK-powered proof system. The new proof system is designed to power world-class performance on regular consumer-grade hardware. zkSync is rolling out the feature in phases as it tests out its security and functionality. zkSync Era, a zero knowledge (ZK) proofs layer 2 protocol for Ethereum, has announced its high-performance proof system called Boojum. According to the team, the upgrade is not only to scale network performance but also significantly improve on its overall decentralisation by allowing for the use…

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Bitcoin revenue jumped 249% YoY in May, while Ethereum network fees rose 53.7% in May, according to a research report by the ETC Group. Ordinals and enterprise adoption drove network revenues for Bitcoin and Ethereum respectively. Regulation and macroeconomics remain key factors even as benefits of tokenisation attracts major banks. The current market outlook for Bitcoin and crypto continues to suffer from the flurry of activities around the actions of the US Securities and Exchange Commission (SEC) after it sued Binance and Coinbase.  While June started off with wild volatility…

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