ETH

Ethereum’s total supply declines $250 million in the last week

March 6, 2024 2 mins read

Ethereum‘s total supply has declined by 32,000 eth in the last week and 66,000 in the last 30 days, totaling more than $250 million. This has resulted in Ethereum exhibiting some momentum, with the ratio gaining on Bitcoin and reaching 0.058 BTC earlier today. Ethereum is still far from its all-time high, but a network upgrade next week will improve scalability for second layers by introducing prunable storage. Developers are

Ethereum announces Dencun upgrade is officially live on all testnets

February 29, 2024 1 min read

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob

Ethereum whales moves $64M worth of ETH from major exchanges

February 28, 2024 1 min read

Recently, three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken. This indicate a mix of security measures and investment strategies. The transaction that caught the attention of the crypto community involved an investor pulling 14,632 ETH, valued at around $45.5 million, from Binance exchange within a week, and staking the entire sum, indicating a strong belief in Ethereum’s future growth.

Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales

February 23, 2024 1 min read

Reddit Inc has revealed that it holds Bitcoin and Ether in treasury reserves, with Ether and Matic received as payment for sales of certain virtual goods. “We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future,” the social media of the firm

Ethereum (ETH) price breaks $2,485 as anticipation grows for its game-changing Dencun upgrade

February 10, 2024 1 min read

Ethereum (ETH) surpasses $2,486. The main cause of this large price movement is the increasing interest in Ethereum’s most recent network upgrade, the Dencun upgrade. The successful rollout of this upgrade on the Holesky testnet recently garnered media attention, marking a significant milestone before its eventual deployment on Ethereum’s mainnet, scheduled for March. The Ethereum development community has been working hard; earlier in January, tests were carried out on other

Ethereum Network burns over $13 million worth of ETH in the last 30 days

February 5, 2024 1 min read

The most recent data from the Ethereum network shows that there has been another deflationary trend in the supply of Ethereum (ETH). Over $13 million worth of Ethereum (ETH) has been destroyed in the last 30 days, according to the net supply change, which shows a drop of 5,619.39 ETH. The network’s burning mechanism, which has burned 74,933.24 ETH is the cause of this deflationary pressure. The consequences of this

Ethereum whale transfers over $46 million in ETH across major exchanges

January 24, 2024 1 min read

An Ethereum (ETH) whale has completed a series of transactions, orchestrating a significant transfer of funds across multiple platforms. These transactions, highlighted by the blockchain analytics platform Spot On Chain, involve a significant $46.02 million in ETH tokens, adding intrigue to the evolving dynamics of the crypto market. The ETH whale, using a network of eight wallets, began the movement of funds by withdrawing from major exchanges, including Binance and

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone

January 23, 2024 1 min read

Ethereum (ETH), which recently reached a high of $2,717, is now at a crossroads as it faces a gradual decline. Crypto analyst Ali identifies a critical demand zone, ranging from $2,388 to $2,460, that holds the key to Ethereum’s current price trajectory. Ali emphasizes the importance of the demand zone between $2,388 and $2,460, describing it as a critical support level. The resilience of Ethereum in this zone could be

Ethereum Drops Below $2,400: Will ETH Dip More?

January 23, 2024 1 min read

Ethereum, the second-largest crypto, is under bearish pressure, having fallen 3% in the last 24 hours, with a current value of $2,337. Despite the recent downturn, Ethereum has reached a significant milestone by surpassing Bitcoin (BTC) in terms of long-term holders. While the increase in Ethereum’s long-term holders represents investor confidence and commitment, it has also sparked discussions about potential challenges. Concerns are raised about reduced liquidity and potential barriers

Ethereum Drops Below $2,500; What’s Next?

January 19, 2024 1 min read

Ethereum (ETH) is at a critical juncture as it deals with resistance levels and volatile market shifts. ETH has fallen 5% over the last week, trading at $2,462, with a 2.38% drop in the last 24 hours. Ethereum’s recent struggles to surpass the $2,580 level reflect the broader sentiment post-Bitcoin ETFs, in which negative market sentiment has impacted both BTC and ETH. The bearish trend continues as ETH remains below

This Trader Turns $10,000 Into $1 Million With This Meme Coin

January 18, 2024 1 min read

A trader took advantage of Elon Musk’s playful social media antics to make extraordinary profits by venturing into the world of meme coins. Elon, known for his influence in the crypto space, set the stage for this trader’s profitable move on January 8 with a whimsical change to his Twitter bio. Elon Musk’s bio change to “(CTO) Chief Troll Officer” piqued the interest of crypto enthusiasts worldwide. Seizing the opportunity,

Ethereum Developer Praises EIP-1559 as “The Great Equalizer”

January 18, 2024 2 mins read

Péter Szilágyi, an Ethereum (ETH) developer, recently praised Ethereum Improvement Proposal 1559 (EIP-1559), describing it as “the great equalizer.” In a post published on January 16, Szilágyi praised the protocol’s ability to level the playing field between validators and regular Ethereum network users. EIP-1559, implemented to improve Ethereum’s gas fee mechanism, introduced the concept of a “base fee” that users could bid for transactions. The base fee is then burned