Ethereum Execution Layer Specification
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It’s time to share the list of impressive projects and community events that received funding in Q2! Read all about them below:…
Greetings, Ethereum builders and enthusiasts! We’re thrilled to announce that ticket sales for the Devconnect Cowork in Istanbul are now open! 🥳 You can get your tickets here,and also see that our website got a fresh new makeover! 💅 Come back here r…
As we look at our world, it seems that individual humans are increasingly on the edges and in the margins of the big stories that play out on our scrolling screens. The narratives that captivate and resonate with ordinary folks seem to exist at a scale…
The Special Contribution Period for the KZG Ceremony ran 01-16 April 2023. This allowed participants to contribute in ways that may not have been possible in the Open Contribution period. While the Ceremony only needs a single honest participant to pr…
Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3 2023, which was inspired by an article written by former Bitmex CEO Arthur Hayes. Stablecoin Protocol […]
Devcon 7 is scheduled for 2024, and while the final location is still TBA, we can say one thing with certainty: Devcon is coming to Southeast Asia! 🌏 We can’t wait for our journey to Devcon 7 in Southeast Asia to begin and are happy to see that the……
We are excited to announce the recipients of this year’s Academic Grants Round. We received more than 250 applications and have awarded over $2 million in funding to 43 projects across several categories. The awarded teams are distributed all across t…
We are thrilled to announce the first-ever Devconnect Scholars Program! The Devconnect Scholars Program will provide talented and values-aligned individuals from communities currently geographically and demographically underrepresented in Ethereum wit…
Kicking off the year with an addition to our Allocation Updates: we’ve included the contact details for grantees’ projects, so that interested readers can reach out and get involved or learn more! With that being said, read on to find out which projec…
TL;DR: The application deadline for the fourth cohort of EPF has been extended 📆 The EPF Team held a town hall & FAQ session – watch the recording here 👀 Submit your application here before June 18th 📝 Greetings, Ethereum community! We are excited t…
The bet made at Consensus 2018 hinged on how far Ethereum adoption would get by now. Crypto analysts say the blockchain appears to have met a key threshold, or at least got very close.
Drop comes as the number of staked ether has surged.
TL;DR: The EPF concluded its third cohort and is preparing for the fourth cohort. Applications will be open soon. Sign up here to get notified when they open. The Ethereum Protocol Fellowship recently completed its third successful cohort in February …
Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend.
Today, we have disclosed the second set of vulnerabilities from the Ethereum Foundation Bug Bounty Program! 🥳 These vulnerabilities were previously discovered and reported directly to the Ethereum Foundation. When bugs are reported and validated, the …
Hello everyone! My name is Mihajlo, and over the past six months as part of my Next Billion Fellowship, I’ve been working to bring the benefits of Web3 to the World Scouting Movement. Growing up in Serbia in the ’90s, I experienced firsthand the devas…
Dear Ethereum community, builders, and researchers, At the first-ever Devconnect last year in Amsterdam in 2022, we came together for a week of in-depth workshops and discussions. Many that participated in the sessions and conversations told us they f…
The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the report said.
Various factions of the Ethereum community are planning watch parties to witness the first-ever withdrawals of staked ether, with the blockchain’s Shanghai upgrade (aka “Shapella”) set for Wednesday at 22:27 coordinated universal time (6:27 p.m. ET).
Ethereum is expected to address the implementation of proto-danksharding in the months after Wednesday’s Shanghai upgrade (also referred to as “Shapella”), as well as other mechanisms that will make the blockchain more scalable. Last year saw the Merge…
>>> Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin surged higher on Wednesday, as markets reacted strongly to better-than-expected consumer confidence figures in the United States. Data from the Conference Board showed that its monthly survey rose to a reading 104.2, better than the 101 sum expected. Ethereum also climbed, moving above $1,800. Bitcoin Bitcoin (BTC) once again moved above the $28,000 level […]
The cryptocurrency market cap saw net inflows of $70 billion over the last 24 hours and currently stands at $1.19 trillion — up 5.44% from $1.12 trillion.
The post CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again appeared first on CryptoSlate.
Much of the testing of Ethereum’s major upgrades, such as the Merge, have been conducted on Goerli.
Bugs, server crashes and scammers continue to plague crypto airdrops. Will regulatory pressures be next?
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to […]
Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether.
With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his cou…
Blockchain Capital led the round for the solution that allows Ethereum stakers to reuse those tokens.
The release comes in the days after competitors, Polygon and Matter Labs, came out with their own zkEVMs.
Withdrawals are coming! The Shapella network upgrade will activate on the Ethereum network at epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 Stakers & node operators should read this post as well as the Withdrawals FAQ From now until April 5…
Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday. Bitcoin Bitcoin (BTC) started the […]
Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.
Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things happ…
The company’s net carrying value of digital assets was $327k as of last year.
Ethereum is a living entity, distributed across time and space, accessible through our screens and communication devices. What gives it life are the myriad human relationships that have become intertwined with the roots, branches, and leaves of the Eth…
Bitcoin fell below the $20,000 level for the first time since January, as markets continued to react to the liquidation of Silvergate Bank. This comes ahead of a pivotal U.S. nonfarm payrolls report, which could decide how aggressive the Federal Reserve acts in its upcoming meeting. Ethereum moved under $1,400 in today’s session. Bitcoin Bitcoin […]
A recent suit filed by the New York Attorney general could have far-ranging complications for crypto exchanges that list ether and similar tokens.
The New York Attorney General’s office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities.
Ethereum founder Vitalik Buterin liquidated a portion of his altcoin holdings this week before going on to say that the tokens sold had “no cultural or moral value.”
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s …
This week, Glenn Williams Jr. tackles one of the core bits of infrastructure that anyone in the hunt for crypto investments must grasp. Then, Todd Groth of CoinDesk Indices wades into one of traditional finance’s biggest numbers: $7 trillion.
A programmer by training, Owocki’s view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.
Withdrawals are coming! The Shapella network upgrade will activate on the Goerli network at epoch 162304, scheduled for 10:25:36 PM UTC on Mar. 14, 2023 Stakers & node operators should read this post as well as the Withdrawals FAQ The Zhejiang testnet …
The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.
Like any good punk or hip hop show, this year’s Colorado event for coders will feature events that will “scare away normies,” CoinDesk Chief Insights Columnist David Z. Morris writes.
Research shared by the team details that block builders will be able to build blocks without accessing private data of user’s transactions.
ConsenSys launched a private zkEVM testnet in December, but is now opening it up for anyone to join.
Bitcoin plunged to $22,288 and Ether hit $1,563 as crypto took a tumble during the opening hours of East Asia’s trading day.
Many investors fear that ETH’s price may tumble as the Shanghai upgrade will allow withdrawals for some $29 billion of previously locked ETH. Crypto analysts CoinDesk interviewed are saying that concerns are overblown and the selling pressure will be l…
The high cost of understanding multiple chain environments means enterprises are likely to stick to what they know, argues Paul Brody, head of blockchain at EY.
During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While […]
While technically the Shanghai Upgrade is only on the execution side, Capella is the simultaneous upgrade happening on the consensus side. Hence the merging of the two names to “Shapella”.
Bitcoin fell into the red on March 2, as markets reacted to further negative data from the United States. The nation’s manufacturing sector contracted for a fourth straight month in February, which comes as consumer confidence also fell last month. Ethereum was also lower, retreating from yesterday’s high. Bitcoin Bitcoin (BTC) fell lower in today’s […]
Last year, after a three-year-long pause, we emerged from the pandemic stronger than before and reunited in Bogotá for the largest and some would say, “[best](https:…
BTC and altcoins are pulling back sharply, but is today’s correction a simple lower support retest, or a sign of worse things to come?
There’s been buzz and excitement surrounding the new year, but we haven’t forgotten about the grantees from last quarter! Find out which projects received funding in Q4 2022 in the table below: |Category|Project|Recipient|Description| |—|—|—|-…
Withdrawals are coming! The Shapella network upgrade will activate on the Sepolia network at epoch 56832, scheduled for 4:04:48 AM UTC on Feb. 28, 2023 Stakers & node operators should read this post as well as the Withdrawals FAQ The Zhejiang testnet c…
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]
Ethereum was once again trading above $1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip. Bitcoin was also back in the green, with prices nearing the $25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $25,000 mark on […]
A recent Binance report details the status of Ether staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted.
The Merge turned out to be a non-event for the market, with ether’s realized volatility dwindling in four weeks after the event. The impending Shanghai upgrade, however, might inject volatility into the market, one liquidity provider said.
The new protocol known as “MEV-Share” would distribute the gains from “maximal extractable value” to users of the Ethereum blockchain in addition to validators and block builders. According to the Flashbots team, it’s an early implementation of the SUA…
For the first time since October, fewer than 50% of blocks added to the Ethereum blockchain over a 24-hour period are OFAC compliant, partially thanks to more non-censoring options that make up a larger share of the blockspace market.
Far from competitive projects, Bitcoin and Ethereum can work harmoniously together, says Sam Tabar, of Bit Digital.
Details about the zkEVM beta network will be released over the next few weeks. The launch is set for March 27.
By shutting down Kraken’s staking service, the SEC could shift power over Ethereum toward solo stakers and decentralized alternatives.
The decentralized futures exchange product has gained a loyal community of users in the past few months.
The second round of testing of staked ether (ETH) withdrawals follows simulations on the Zhejiang testnet. The Goerli testnet would be next, ahead of next month’s planned Shanghai hard fork on the main Ethereum blockchain.
Withdrawals are immiment. tl;dr Shanghai+Capella (aka Shapella) is on the horizon. Stakers, node operators, infrastructure providers — pay attention and test! The Academic Grants Round is live! Applications are due by February 27, 2023…
The Privacy & Scaling Explorations team is excited to announce the winners of the Layer 2 Community Grants 2022. The Layer 2 Community Grants round started on October 24th, 2022 and was open for 6 weeks. In total we received 130+ proposals and thank e…
Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term.
Ethereum co-founder and ConsenSys founder Joe Lubin says ETH’s relatively stable value through crypto winter is reason to be bullish about Ethereum’s future.
With The Merge now firmly behind us, protocol developers have been making progress across a (record?) number of areas over the past few months. Withdrawals, danksharding, EOF, verkle tries, history expiry, SSZ and more have all seen significant progres…
The following is an update from Ethereum Foundation Fellow Marcus AM. Hola 👋, my name is Marcus and I’m a researcher and builder from Guatemala, and an EF Fellow. An optimist at heart, I’m driven by leveraging social, cultural and technological innova…
It’s always fun to hear about new grants as they’re awarded, but what happens after the announcement? In this series, we check in on projects that are well underway or already at the finish line. You may have noticed something different—instead of mon…
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
ETH’s price has repeatedly failed to break above key trendline resistance, and now Ethereum risks losing strong technical support as well.
Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below […]
Ethereum (ETH) core developers successfully launched the shadow fork for the Shanghai update on January 23.
The post Ethereum developers deploy Shanghai upgrade ‘shadow fork’ appeared first on CryptoSlate.
From the explosion of the scaling and layer 2 ecosystems to the first Devcon in three years and The Merge, it has been an exciting year for Ethereum and ethereum.org. We’ve shipped many impactful features and content, with thousands of incredible contr…
The bear market has resulted in multiple losses for individuals and even large entities, and according to recent data shared by crypto analytics site, Dune analytics, the majority of all ETH stakers are in the loss while fewer stakers remain in the money. The reason behind the result of more losses than profit is due to the market conditions starting in 2021 after the Ethereum Beacon chain was launched, to the present. ETH had reached a new all-time high (ATH) but has also fallen by more than 50% from the ATH. Related Reading: Ethereum Price Key Trend is Forming and Swift Recovery Could Occur Weekly Staked ETH Fall To Lowest Levels as Only 20% Of ETH Staked Is In Money The January 4 published data further showed that 80% of ETH staked are currently recording losses. The stakers who happen to be part of the 20% still in money are those that staked ETH at prices lower than the current levels. Per the data, a significant chunk of staked ETH was staked when ETH was still in the $600 price range — this dates back to December 2020 when the Beacon Chain was launched. Though ETH has since increased to a point where it’s now 50% higher than the 2020 price level, 80% of the currently staked ETH was staked at prices equal to or above $1,200. Following the massive losses recorded in staked ETH, the amount of weekly staked ETH has seen a sharp decline with fewer ETH staked since the last quarter of 2022. Over the past week, only a total of 25,000 ETH has been staked. Prior to the extreme market conditions, figures of roughly 150,000 ETH were being staked per week. Should ETH continue into a downward movement, chances are there could be massive withdrawals from ETH staking contracts when a withdrawal mechanism is implemented later this year. Considering The Long Term Perspective Another narrative worth considering is the long-term perspective. Given the fact that most stakers already had an initial idea of keeping their ETH for the long term, they might as well turn a blind eye to the current price levels of Ethereum. Besides, staking ETH directly or through an exchange would usually involve a committed two-year lockup period. For context, 15.9 million ETH is currently staked, representing 13.2% of the entire supply, according to Dune data reports. Related Reading: Ethereum Price Relatively Muted, Bulls Still Aim Key Upside Break However, even with the dip that seems to be never-ending, there are still hopes for Ethereum and even other altcoins. As of the time of writing, ETH is up by over 3% in the last 24 hours with a trading volume of $5.2 billion over the same time period. Furthermore, a reversal is expected to happen, given the sharp upwards movements in what seems to be a false move. Featured image from istock, Dune analytics and TradingView
The year 2023 is starting off better for Bitcoin and the broader crypto market than last year ended. Even though most crypto prices are still trading in a very depressed, narrow range, BTC is at least showing a year-to-date performance of 1.55% and Ethereum of 4.5%. However, as QCP Capital writes in its latest market analysis, there are early signs that should caution crypto investors. While the gold price is currently performing extremely strongly, the trading firm raises the question of whether this will continue if the expected wave five of the USD rally takes place based on the Elliott wave theory. According to the theory, the fifth wave is the final leg in the direction of the prevailing trend. And a resurgent USD could mean further price losses not only for gold but also Bitcoin and crypto. As QCP Capital elicits, it remains to be seen if this will impact the other alternative asset classes as well. Related Reading: These Altcoins Will Be Hit The Hardest If DCG And Grayscale Fall Currently, total liquidity in the market, as measured by M2 money supply annual growth, has shrunk to 0% for the first time in history. “Not to mention the liquidity within crypto itself which is an even smaller factor of that,” the firm states based on the following chart. 7/ And overall liquidity, measured by M2 YoY growth, has shrunk to 0% for the first time in history! Not to mention the liquidity within crypto itself which is an even smaller factor of that pic.twitter.com/grwcAdPLn6 — QCP Capital (@QCPCapital) January 4, 2023 Price Targets For Bitcoin And Ethereum Nonetheless, Bitcoin and Ethereum are in somewhat of a catch-up rally at the beginning of the year, much like gold. Despite the mini-rally, BTC is still trading in an extremely tight falling wedge, with 18k as the key breakout level on the upside, according to the firm. In the medium-term, $28,000 is looking more and more key – as the head and shoulders neckline, and 61.8% fibonacci retracement level of the $3,858 2020 low to $69,000 2021 high. According to QCP Capital, Ethereum “remains significantly more bullish than BTC,” though ETH is also trading in a consolidation pattern. Investors should keep an eye on the top of the triangle at $1,400 for now, before the key resistance zone between $1,700 and $2,000 could be targeted. On the downside, the company expects $1,000-$1,100 to be a very good support. The Macro Outlook For 2023 Probably decisive for whether 2023 will be a continuation of 2022 will be the macro environment. QCP Capital believes that inflation in the U.S. will fall significantly, but not enough to reach the Fed’s 2% target. This will cause the Fed to delay cutting rates as long as possible, as Jerome Powell does not want to be the guy in charge who makes the same mistake as in the 1970-80s when there was a “double-dip inflation era.” Related Reading: Ethereum Price Gains Momentum, Why ETH Could Rise To $1,300 This will lead to the Fed developing a “blinkered” mentality toward the far better numbers and making another mistake by easing monetary policy too late. “In a sad twist of fate, they will again wait too long and have to go into overdrive again,” the firm claims and concludes: We expect this could only come in Oct-Nov again this year, but remain open minded to markets bottoming sooner than that. At press time, the BTC price stood at $16,847, seeing a slight gain of 0,59% in the last 24 hours. Featured image from Pierre Porthiry-Peiobty / Unsplash, Charts from QCP Capital (Twitter) and TradingView.com
“Some smart people tell me there is an earnest smart developer community in Solana,” Vitalik Buterin said in a Tweet.
The post After Receiving Positive Remarks from Ethereum Founder, Solana Now Back Above $10 appeared first on BitPinas.
Friends, As the year of the Merge ends, we wanted to share updates from many of the Ethereum gardeners and EF-supported teams that achieved long sought accomplishments, both big and small, alongside the rest of the ecosystem in 2022. We all have a lot…
Ethereum started a fresh decline from the $1,230 resistance against the US Dollar. ETH could accelerate lower if there is a clear move below the $1,180 support.
Ethereum is showing bearish signs and trading well below the $1,230 resistance zone.
The p…
DeGods II and y00ts NFTs, currently the #1 and #2 collections in Solana, are set to bridge to Ethereum and Polygon, respectively.
The post Top Solana NFT Collections to Set Foot in Ethereum, Polygon by 2023 appeared first on BitPinas.
The Protocol Support team is organizing a grant round to support the upcoming Ethereum KZG Ceremony. The KZG Ceremony is a coordinated public ritual that will provide a cryptographic foundation for Ethereum scaling initiatives like EIP-4844. Learn mor…
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC […]
Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today, and stayed close to a five-week high. Bitcoin […]
The entire crypto industry has been experiencing a winter since the last quarter of 2021. Some cryptocurrency prices experienced a massive price slump, with many declining over 65%. However bad things may look, crypto may not go extinct as its popularity has not reduced. A recent study by CryptoManiaks, a crypto education platform, shows that Turkey and the Netherlands ranked top in cryptocurrency awareness. As per the survey, 5.5% and 8.2% of the population in Turkey and the Netherlands searched for crypto-related terms. Turkey accounted for 4.7 million searches, topping the chart with large numbers. Related Reading: Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400 Turkey has made tremendous improvements in crypto adoption since the beginning of 2022. A 2022 research by the Turkish crypto exchange Paribu estimated that at least 8 million people in Turkey engaged in crypto. Turkish President Recep Tayyip Erdogan spoke about the benefits of blockchain innovations. In his statement, Erdogan added that Turkey wants to be a producer of digital assets, not a consumer. DOGE Outranks Ether In Terms Of User-Curiosity In Turkey The latest CryptoManiaks study analyzed the number of searches for some selected cryptocurrencies. They represented the number of cryptocurrencies as a percentage of the population for each country to calculate the monthly local searches. Turkey ranked second in the overall study and first with 812,000 monthly searches related to Dogecoin. According to the survey, the number of searches for Dogecoin doubled that of Ethereum, the third most searched crypto in the country. CryptoManiaks’ spokesperson commented on the rising Dogecoin curiosity over the last 12 months. He said Dogecoin’s popularity has significantly exceeded Ethereum’s, with almost 2 million monthly searches worldwide. DOGE became popular after Elon musk revealed plans to make it the official token for Twitter monetization. As a result, the memecoin’s price soared to an all-time high within the week of the complete official acquisition of the social media platform by Elon Musk. The survey didn’t feature only DOGE and Ethereum. It also featured Solana, BNB, Bitcoin, and others. After Turkey and the Netherlands, Canada, Germany, and the Czech Republic followed in ranking. Bear Market Didn’t Cripple People’s Interest In Crypto Although the United Kingdom and the United States are top global players in the cryptocurrency industry, none ranked in the top. That is because the number of searches is insignificant compared to their population sizes. For example, the United States ranked 15th, with 1.9% of its population searching for crypto-related terms, whereas the United Kingdom took the 12th spot with 2.6%. Related Reading: Ethereum: On-Chain And Social Metrics Reveal Bulls Vs. Bears Battle – Who’s Winning? Recent research by Cointelegraph also showed that the bear market did not affect the interests of several institutions in the Crypto industry. According to the report, top institutions are still interested in the cryptocurrency industry and continue to invest millions in crypto-related projects. Featured image from Pixabay, chart from TradingView.com
The Ethereum price has moved in the same direction as the broader market. In the last 24 hours, Ethereum has moved up by 2.5%. On the weekly timeframe, the altcoin has rarely registered any movement. This reflects lateral trading for ETH. In the short term, the altcoin might be registering gains, but as the technicals indicate, the coin can depreciate again before it rallies. Accumulation has been considerably low on the chart. Buying activity must significantly increase if ETH is to break above the $1,300 price mark. Even though ETH remained comfortably above the $1,220 price, buying strength has been weak on the daily chart. Ethereum has to keep trading above the $1,240 and $1,250 price levels for the coin to take a shot at $1,300. The bulls will lose all strength if the Ethereum price moves below the $1,240 mark and closes near $1,230. This price pullback can then further fuel a rally to $1,300. Related Reading: Ethereum: On-Chain And Social Metrics Reveal Bulls Vs. Bears Battle – Who’s Winning? Ethereum Price Analysis: One-Day Chart ETH was trading at $1,275 at the time of writing. The coin is presently consolidating after flipping the $1,240 level as support. Immediate resistance for Ethereum stood at $1,290; the coin is expected to encounter a setback at that level. However, ETH must stay above $1,250 to avoid a significant loss of value. The bulls must keep defending the $1,250 level regarding the closest support line. The amount of Ethereum traded in the last session declined slightly, indicating a fall in the number of buyers in the market. Technical Analysis Corresponding to the earlier statement about low buyers, the technical outlook also painted the same picture. Although above the half-line, the Relative Strength Index remained weak as it displayed a downtick on the daily chart. This reading is associated with a fall in demand and accumulation. On the contrary, the Ethereum price was above the 20-Simple Moving Average. The indicator depicted that ETH was in the hands of the buyers, as the buyers were driving the price momentum in the market. With buyers still under some control of the price, the Moving Average Convergence Divergence (MACD) reflected the same sentiment. MACD indicates price movements and trend reversals; the indicator displays small green signal bars tied to the buy signal for ETH. However, it is to be remembered that the signals were declining in height, indicating a fall in demand. Bollinger Bands demonstrate the chance of price fluctuation and volatility in the market. Because the bands remained parallel, Ethereum is expected to trade within a range in the coming trading sessions. Related Reading: Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400 Featured image from Unsplash, Chart: TradingView.com
Ethereum (ETH) has failed to rise above key resistance at $1,300 despite rising around 4% over the past 24 hours. At press time, the second largest cryptocurrency by market cap was trading at $1,289. As the trading volume shows, the bulls and bears have woken up again. In the last 24 hours, the trading volume was $6.4 billion, which is about 31% higher than the previous day. Ethereum On-Chain And Social Metrics Show Uncertainty Analysis company Santiment has conducted an analysis of bullish and bearish signs in on-chain and social data for Ethereum and the result is mixed. A bullish argument is made by Ethereum’s shark and whale addresses. As Santiment writes, just as with Bitcoin, the ETH millionaire addresses gave up much of their supply while conditions looked poor. Related Reading: How Litecoin (LTC) Outperforms Other Top Cryptocurrencies In This Department However, this circumstance has fundamentally changed recently. A month ago, large ETH addresses started accumulating Ethereum again. Since November 7, Ethereum addresses holding 100 million to 1 million coins have accumulated 1.36% of the total supply and 2.09% more ETH overall (than before). Social volume, on the other hand, looks bearish. As with the majority of all cryptocurrencies, the number of discussions on Ethereum is decreasing, but this seems normal for a bear market. As Santiment notes, this is not necessarily a bad thing when the weak hands leave the market. What is negative, however, is that “there is so little talk about Ethereum compared to other top assets.” Related Reading: Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin – Watch Out For The Dot Plot At the same time, this could also turn into a bullish argument if bullish whales can drive the price higher with little resistance, thus significantly affecting the general market sentiment. Currently bearish is also the MVRV (average trading return of addresses). The average return among long-term (365-day) addresses still indicates a “lot of pain.” However, based on an emerging long-term uptrend in the MVRV, the metric could also be moving into bullish territory. Extremely bullish is the remaining supply of Ethereum on exchanges. This is at a 4-year low of 12.1% of total supply. Thus, the metric clearly points to a nascent bottom that is forming. Sides Are Still Polarized In contrast, funding rates (perpetual contracts) are neutral. Neither the bulls nor bears can prevail on this metric at the moment. ETH funding rates have been too flat to swing in either direction since the FTX implosion. In terms of realized gains/losses, the bears are clearly winning at the moment, according to Santiment’s analysis. Given the recent surge in the Ethereum price, there is currently a lot of short-term profit-taking. Ultimately, Santiment summarizes: Overall, Ethereum’s on-chain and social metrics are about as mixed as the crowd’s perspective is. […]Long-term? […] Ethereum is very likely closer to its upcoming 3-year low vs. its 3-year high. But are we at maximal pain? Probably not yet.
Ethereum has been showing bullish momentum in the last seven days. ETH has gained momentum in the past 24 hours, while other coins are still declining. This rally supports some theories that the asset will rise above the resistance level in the coming days. Weeks after a massive fallout, the second largest cryptocurrency is heading towards a comeback. The FTX crisis, with other macro factors, affected the entire crypto market, with many assets crashing flat. Although there are many uncertainties in the crypto market, hope seems to be returning to the Ethereum community. Related Reading: MATIC Price Battles Under $1 Despite Bullish Signals Vitalik Buterin, the Ethereum co-founder, made a statement urging people to focus on the technology instead of the current prices. The co-founder was confident that Ethereum-based applications for monetary transactions would scale up the blockchain in the long run. Ethereum Whales Are Buying The Dip In Buterin’s notes, he expressed a bullish stance that the decentralized stablecoins and the other applications built on Ethereum could have long-term benefits. Meanwhile, bullish Ethereum holders are taking advantage of the dip to accumulate more Ether positions. According to data from Santiment, Ethereum whales are taking advantage of the low prices to buy more ETH. The blockchain analytical firm tweeted that the shark and whale address, with 100 to 1 million ETH, added 2.1% more coins to their wallets. It could be a sign of bullish sentiment for a price rally in the weeks to come. Ethereum is currently trading at $1,280. Two months ago, before Ethereum transitioned to proof of stake, many investors were bullish about the price increase the upgrade could bring. However, two months after the merger, their hopes got dashed as the asset price continuously dropped. Although the upgrade sought to improve the blockchain’s infrastructure, the co-founder said it could take months to reflect on the ETH price. Bitcoin Stays Down While XRP Surges Amid Whale Accumulations While Ethereum seems to exhibit some bullish trend, Bitcoin is declining with a 24-hour price drop of $0.02%. Other coins are not doing any better, including FTX, except XRP. The report shows that the XRP price increased in the last 24 hours after whale accounts moved over 160 million tokens. According to a report, whales accumulated more than $19 million of XRP tokens from the Bitso crypto exchange. In addition, the report revealed that the tracker recorded another whale addition of 40 million XRP, approximately $15.3 million. Related Reading: Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC The tracker also reported that an account with the name, Ripple, moved more than 50 million XRP of about $19.2 million to an anonymous wallet. These accumulations saw XRP’s price gain a 2% increase in the last 24 hours and are currently trading at $0.3918. The news comes as the XRP lawsuit tends towards a summary judgment. Featured image from Pixabay, chart from TradingView.com
Before the year comes to a close, we’d like to highlight the amazing projects that received funding in the previous quarter. Read on to learn more about our Q3 grantee lineup! |Category|Project|Recipient|Description| |—|—|—|—| |Community & edu…
The Ethereum Foundation is excited to announce the winners of the Merge Data Challenge 🐼. The challenge ran for ~9 weeks surrounding the Merge, allowing for data analysts to gather and review information both before and after the big event. Participan…
This week saw a positive recovery in some crypto assets, Ethereum included. It is gaining momentum and preparing for a bullish rally in the days to come. Although Ethereum is still below $1,300, some factors suggest a possible increase to $1,350 and $1,550. The crypto market has been filled with FUD (fear, uncertainty, and doubt) in the past weeks following the FTX crisis. Crypto investors are left speculating whether to buy or sell holdings as assets plunged deeper. For example, reports show that Ethereum lost nearly 39% in a couple of weeks. The crypto market has been anticipating news of the U.S. Federal Reserve dropping its bullish stance on interest rate hikes from December. As signals point towards this expectation becoming a reality, some assets started showing signs of recovery. However, despite the bullish trend, Bitcoin remains down due to miners’ capitulation, while Ethereum is rising. Factors Indicating Massive Ethereum Price Surge Coinglass’ crypto derivatives data shows that Ether futures open interest on Binance has reached an all-time high of 2.01 million. It amounts to a 9% increase in Open Interest in the last 24 hours, indicating a high probability that Ethereum will increase in the coming weeks. On-chain data from Glassnode also revealed that the total value of the Ethereum 2.0 deposit contract hit an all-time high of 15,492,407 ETH. Ethereum validators’ revenue has also reached a 1-month high of 11.310%. These records have got players and analysts reacting. For example, Michael van de Poppe believes ETH is exhibiting strength as it rose from the $1,150 level to the current price. The analyst predicts that a break above the $1,225 level would trigger a rally toward $1,350 and maybe $1,550. Traders look forward to holding their Ether if it remains above the support level of $1,200. Analysts also believe the ETH price increase will rub off on other altcoins. ETH Price Journey Many traders were bullish about Ethereum’s price increase after the completion of the merger. However, Ethereum neither surpassed nor bounced back to the $1,700 level after the merge. With the macroeconomic situation, the asset continued falling and went below the $1,500 physiological. Whale accumulations saw ETH price drop from $1,661 to $1081 in one month. Whales saw the price declines as an opportunity to accumulate ETH holdings. Whale accumulations are often indicators of an asset’s bullish recovery. However, it didn’t seem so initially for Ethereum, whose price dipped to $1,081. Now the tables are turning, and Ethereum seems to gain bullish momentum, rising towards $1,350. Ethereum is trading at $1,283 with a 24-hour trading volume of $6,205,108,773. With the ETH price above the critical support level of $1,225, there may be hope for more increase. The price surged nearly 2% in 24 hours and 8% in the past week. Featured image from Pexels, chart from CoinGlass and TradingView.com
Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data.
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?
As previously announced, the Ropsten network has been deprecated and will be shut down in the coming weeks. Over the past few months, infrastructure providers have gradually stopped supporting the network and validator participation rates have been ste…
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
A few weeks ago in October, much of the Ethereum community came together in South America as we reunited for Devcon VI in Bogotá, Colombia! Today we want to say Thank You(!) to every attendee, volunteer, and contributor that made Devcon VI a success. …
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the […]
Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused […]
On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets. Crypto.com CEO Kris Marszalek Shares Company’s Cold Wallet Addresses, Promises Full Audit Soon […]
Ethereum was trading higher on Friday, as cryptocurrency markets continued to rebound, following yesterday’s U.S. inflation report. The better-than-expected 7.7% CPI (consumer price index) figure for October boosted prices, following recent bearish sentiment. Bitcoin briefly climbed back above the $18,000 level on Friday. Bitcoin Bitcoin (BTC) moved higher on Friday, as the token rebounded following […]
Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.
The Ethereum Foundation (EF) exists to help the Ethereum ecosystem thrive, and there are still many discoveries to be made about what Ethereum can do for the world. That’s why we support individuals that have the potential to unlock parts of Ethereum’s…
Ethereum price has held onto its bullishness on the one-day chart. In that timeframe, the altcoin has managed to increase in value by 3%. Over the last week, the coin rallied over 21%, breaking past multiple resistance levels, which has further strengthened the bulls. The coin has to zoom past two important resistance lines in order to continue its bullish streak. The technical outlook of the coin continued to display bullish momentum. There was a surplus of buyers as Ethereum price shot up to the overbought zone. Bitcoin has finally settled at the $20,000 price mark over the last 24 hours, turning other altcoins positive too. Ethereum price has been rangebound for multiple weeks, but with the overall market turning green, the coin has helped the altcoin eye its next major resistance line. If ETH manages to break past the $16,000 zone, then a move to the $2,000 price mark could be likely. On the other hand, if buying strength loses steam, then ETH can again start to exhibit rangebound price movement. Ethereum Price Analysis: One Day Chart ETH was trading at $1,560 at the time of writing. Ethereum price has soared considerably over the past week, breaking past its consolidation phase. If the coin has to sustain this price momentum, it is important that it trades above its immediate resistance of $1,630. Moving past that level will help the bulls challenge the $1,700 price mark. This would help the bullish thesis gain strength. Once the altcoin moves past the $1,900 mark, Ethereum price will be completely in the control of the bulls. In case the surge doesn’t last, a fall will bring the altcoin to $1,300 first and then finally to $1,200. In the past few trading sessions, the amount of ETH traded witnessed an increase, pointing towards higher demand for the altcoin. Technical Analysis The altcoin was overbought on the one-day chart. The last time Ethereum visited this zone was in the month of August. This marked a multi-month high for the altcoin in relation to the buying pressure it witnessed. The Relative Strength Index was above the 80-mark, which signifies that ETH was overbought as demand for the coin increased. Ethereum price was above the 20-SMA line, which was a sign of bullishness as buyers were driving the price momentum in the market. With sustained demand, the 20-SMA could cross above the 50-SMA line, forming a golden cross, which is considered to be bullish. Related Reading: Solana Price Bounces Back, Move Above $34 Remains Crucial The other technical indicators were also quite bullish, supporting the notion that buyers had taken over. Moving Average Convergence Divergence indicates the price momentum of the coin and the price direction. The MACD was positive as it formed green signal bars which were growing. This pointed to a buy signal for the coin. The Directional Movement Index was also positive as +DI was above the -DI line, which signals a bullish price direction. The Average Directional Index (red) was above the 20-mark, forming an uptick pointing in the price direction, gaining strength. Related Reading: Here’s What’s Keeping Ethereum From Taking Bitcoin’s Shine, ETH Claims $1,500 Featured Image From UnSplash, Charts From TradingView
During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. NFT Sales Record a Slight […]
Solana continues to paint its charts in red, registering declines on its intraday, weekly, biweekly, monthly and year-to-date price metrics. Solana loses over 7% of its value over the last seven days SOL’s extended bearish movement will likely pull the asset below $25 Solana’s current TVL is less than a billion The crypto has already lost 89.3% of its November 6, 2021 all-time high (ATH) of $259.96 and is currently trading at $27.81 according to tracking from Coingecko at the time of this writing. Over the last seven days, the altcoin dropped by 7.4%. On a 14-day period, Solana declined by over 15% as it failed to make any kind of recovery for quite some time now. As if the cryptocurrency hasn’t suffered enough already, its analysis points indicate it is due for a bearish pull in this extended crypto winter. Solana Seen Dropping Before Bouncing Back After Solana fell below the crucial $30 marker, its chart had red candlesticks for three straight days, putting its trajectory into a further decline. The digital asset’s problems became bigger when it dropped below $28 as its 20 and 50 Exponential Moving Average (EMA) indicated sellers having a huge advantage this time. Related Reading: AVAX Sheds 50% Over The Last 60 Days – More Losses Ahead? Source: TradingView A piece of good news, however, is that despite having another bearish run, Solana managed to keep its hopes of making a bounce back intact. A massive downward pull will likely put the altcoin in $26.3 support which will give sellers the opportunity to do their work and deflate SOL’s price further, all the way to $24. After this, the digital coin is seen to have some breathing room and prepare for an upward price rally which will target the $27 to $29 range. If Solana manages this, it will recover some of its losses over the last week. Analysts, however, are seeing a slow moving phase for the crypto asset. Solana’s DeFi Locked Value Plummets To Under A Billion Solana used to rival some of the more prominent blockchains in terms of its Decentralized Finance (DeFi) total value lock (TVL). Just last year, the network’s TVL recorded a massive surge as it reached over $10 billion. However, at press time, that value significantly dropped and is at just above $860 million. Not only did Solana’s TVL dried up, it is in danger of going down even more as the DeFi industry has lost a lot of its momentum. It would appear not many people are willing to gamble and take risks in a market that is under a bearish streak. If this continues, SOL will likely end-up falling below the $25 marker and will lose any chance of triggering a bullish rally on the way to hitting another all-time high. Related Reading: Uniswap Coin’s Bullish Trajectory Sets UNI To Breach $7 Level – Time To Buy? SOL total market cap at $9.9 billion on the weekend chart | Featured image from Analytics Insight, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.
Ethereum completed its shift from proof-of-work (PoW) to proof-of-stake (PoS) via the highly anticipated “merge” last September 15, 2022. But after more than a month from that historic event, Bitcoin’s closest rival still has nothing to show for as its price flat-lined as it failed to take off despite the hype that surrounded the second largest cryptocurrency before the merge. Ethereum struggles to breach and sustain the $1,300 marker ETH is caught in a pattern that will extend its bearish momentum A bullish run is still possible with $1,400 as the immediate target At press time, according to tracking from Coingecko, Ethereum is trading at $1,297 and while it managed to increase by 3.6% over the last 30 days, it is still nowhere near the level it was expected to be after its blockchain’s transition. The coming days could prove to be more challenging for the digital asset as there’s a possibility it could experience severe price dump. Related Reading: Flow Rolls Out Blockchain Tools As Social Dominance, Coin Price Seen Rising Ethereum Could Be Looking At $1,000 As Support The altcoin’s daily technical chart shows its price established a symmetrical triangle pattern which accelerates prevailing trend movement. In Ethereum’s case, this is not favorable news considering it has been on a consistent decline over the last few weeks. Source: TradingView With its current bearish momentum, ETH could end up being in a steep fall all the way to support range of between $1,200 and $1,000. The asset’s volatility is also high, but this could work either way as it presents an opportunity for an upward break in the trendline that could trigger a price rally up to $1,400. If Ethereum manages to keep $1,400 as a resistance marker and continue with a bullish movement, it could prime itself to test the $1,550 levels. The King Of Altcoins Can Still Surge While some sectors in the crypto space has called the Merge as a dud, Ethereum still has a lot of fight left in it as there is still chance for it to surge and be back in conversations of being at par with Bitcoin. In fact, even if BTC price remains in status quo and consolidates for a while, ETH’s could start its own rally to surge and invalidate the previous bearish thesis about its trajectory. If the conditions are met and Ethereum manages to flip the crucial $1,730 resistance marker, it will revisit the psychological $2,000 level. If that happens, the digital asset will be several steps closer to its all-time high of $4,878 which was attained in November of last year. ETH total market cap at $159.2 billion on the weekend chart | Featured image from Forkast, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.
Ethereum fell to a nine-day low during Tuesday’s session, as the U.S. dollar rose to a two-week high. The decline comes ahead of this week’s U.S. inflation report, which is expected to show consumer prices falling by 0.2% month-on-month. Bitcoin was also in the red during today’s session, moving below $19,000. Bitcoin Bitcoin (BTC) fell […]
XRP has maintained a daily calmness but emerged as the week’s top performer. The token took to the north with 18% weekly gains as the price crossed the $0.5 mark before falling. Also, other altcoins have been making slight losses daily in the past week. The crypto market is witnessing a drastic twist in the overall movement of prices. In the past few weeks, the crypto assets have been going on and off in both north and south directions. However, after reclaiming slightly during last week, most of the crypto coins lost almost all they had gained during the weekend. Bitcoin has been struggling to push upward in the past 24 hours. This was after the primary crypto asset lost its anchor on the critical level of $20K. BTC is almost going below the $19K region with more bearish force in the market. Related Reading: Bitcoin Whale Ratio Surges Up As Leverage Remains High XRP Takes The Win For This Week The weekend is not favorable for the majority of crypto assets. The market saw low trading volumes from Saturday, which spilled into Sunday. As a result, most altcoins have been calm, with minor dips in their values. XRP emerged as the winner with gains of 18% over the past week. Its performance stands as the best among the large-cap altcoins. With the sudden breakout in price, the token has finally crossed its coveted 0.5 mark. The second largest crypto asset, Ethereum, plummeted in the early trading hours. The price of ETH is hovering below $1,300. Other altcoins like Solana (SOL), Polygon (MATIC), and Polkadot (DOT) have the same records. On a daily measurement, Cardano, Shiba Inu, BNB, and Dogecoin dipped significantly by about 2.5%. QNT, which bagged the best performer for yesterday, has also plummeted. Bitcoin Now Hovers Around $19K Region Bitcoin has had a complex story with its performance recently. The primary crypto is currently hovering around the $19K region, and there are doubts that it will receive more support. In addition, the recent release of the US job report had a bearish effect on Bitcoin, which lost almost $1,000 following the announcement. Related Reading: Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains Last week, BTC hit its three-week high of $20,500. But, it gradually started a south movement to $20,000. The largest global crypto asset stalled at this critical region for some days before moving south again. At the time of writing, BTC is trading at around $19,238, showing an increase over the past 24 hours. Featured image from Pixabay, charts from TradingView.com
The total cryptocurrency market cap saw net outflows totaling $20.53 billion.
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Ethereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.
Ethereum started a fresh decline below the $1,350 and $1,320 support levels.
The price i…
Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise.
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This year’s Devcon is special in many ways. We’ve used the last three years to create a whole new experience based on all that we’ve seen at past Devcons, and lessons learned while event-planning during the pandemic. Devcon VI involved the community vi…
Things are looking up for Ethereum. Now that The Merge is complete, a huge weight (measured in tonnes of CO2) has been lifted from the Ethereum community’s collective conscience. And the world-at-large is watching to see what this community does next. …