Browsing:Ethereum

Ethereum co-founder Vitalik Buterin's account on the X platform was compromised during the late hours of September 9.
7 months ago 2 mins read

Vitalik Buterin’s X Account Hacked: $700K in Crypto and NFTs Stolen

Ethereum co-founder Vitalik Buterin’s account on the X platform (formerly known as Twitter) was compromised during the late hours of September 9. The breach was confirmed by Vitalik’s father, Dmitriy Buterin, through his own X account. The hacker who gained access to Vitalik’s account wasted no time using it for malicious purposes. They posted a phishing link that was designed to steal both cryptocurrency and non-fungible tokens (NFTs) from unsuspecting users’ wallets. According to blockchain sleuth ZachXBT, the hacker successfully siphoned off approximately $691,000 worth of assets from their victims. The now-deleted phishing post was cunningly crafted to appear as

ARK Invest has officially submitted its application for an Ethereum Spot ETF to the U.S. Securities and Exchange Commission (SEC).
7 months ago 1 min read

ARK Invest Files for Ethereum ETF

ARK Invest has officially submitted its application for an Ethereum Spot ETF to the U.S. Securities and Exchange Commission (SEC). To bring this ETF to fruition, ARK Invest has joined forces with 21Shares, a well-established ETF provider with a strong track record in the industry. Together, they are set to launch the ARK 21Shares Ethereum ETF, a product designed to closely mirror the performance of Ethereum’s native cryptocurrency, ETH. So, what exactly sets this ETF apart? The ARK 21Shares Ethereum ETF aims to track ETH’s performance by utilizing the CME CF Ether-Dollar Reference Rate—New York Variant. This index is a

Ethereum (ETH) Sees Low Volatility Period
8 months ago 1 min read

Ethereum (ETH) Price Enters Consolidation Phase with Minimal Volatility

Ethereum, the second-largest cryptocurrency in terms of market capitalization, has recently exhibited a state of relative neutrality in its price movement. With its current price resting at $1,850, the cryptocurrency has yet to surpass the coveted $2,000 mark, a threshold it reached a mere two weeks ago. Following a partial legal victory for Ripple in its ongoing lawsuit with the SEC, Ethereum’s price momentum experienced a brief and cautious upswing. However, this surge proved short-lived, and Ethereum remains in a state of relative equilibrium. Over the past month, the cryptocurrency has experienced a decline of 1.83%, hinting at a subdued

The US SEC appears to be adopting a more open stance towards exchange-traded funds (ETFs) centered on Ethereum futures contracts.
8 months ago 2 mins read

U.S. SEC Open to Considering Ethereum Futures ETF Applications Amid Growing Interest

The United States Securities and Exchange Commission (SEC) appears to be adopting a more open stance towards exchange-traded funds (ETFs) centered on Ethereum futures contracts. Recent reports suggest that the SEC is leaning towards the possibility of reviewing applications for Ether Futures ETFs, which have been submitted by both traditional finance (TradFi) and cryptocurrency industry players in the past week. It’s important to note that while the SEC’s consideration of these Ethereum Futures ETFs is a positive sign for the market, it does not automatically guarantee their approval. Background on Ethereum Futures ETF Applications Earlier this year, Grayscale Investments took

Will Ethereum (ETH) Make History on its 8th Anniversary with $2K Price?
8 months ago 2 mins read

Ethereum’s 8th Anniversary: Can ETH Reach $2K?

As Ethereum (ETH) celebrates its eighth year on July 30, the crypto community is abuzz with excitement and anticipation. Over the past eight years, Ethereum has achieved remarkable milestones, cementing its position as the leading altcoin in the crypto market and emerging as the most active blockchain. With a vibrant ecosystem boasting over 1.6 million weekly active users and a staggering $226 billion market cap, Ethereum’s eighth anniversary is poised to be a memorable event, with expectations of significant price movements. Ethereum’s journey began on July 30, 2015, with the launch of its blockchain, aptly named the Frontier. Since then,

A wallet address containing pre-mined Ethereum tokens awakened after 8 years
8 months ago 2 mins read

Long-Forgotten Ethereum Whale With $116M in ETH Awakens After 8 Years

A wallet address containing pre-mined Ethereum tokens, valued at $116 million, has recently sprung back to life after lying dormant for eight years. The entire stash of 61,216 Ether was moved to a Kraken exchange wallet address, marking a significant event in the crypto world. In June 2014, Ethereum conducted a sale event that allowed early team members and co-founders to accumulate pre-mined Ether. At that time, the network was unable to generate tokens independently, making this event crucial for the project’s development. The Ether was acquired when the token traded in the range of $300 to $400, meaning the

London Upgrade Boosts Ethereum Burn to Over 3.46 Million Tokens
8 months ago 2 mins read

Over 3.46 Million ETH Burned Since Ethereum London Hard Fork

Almost two years ago, the London hard fork introduced EIP 1559 to the Ethereum network, revolutionizing how transaction fees are handled. Since then, more than 3.46 million ether have been permanently burned, amounting to a staggering $6.68 billion in value at current exchange rates. EIP 1559: The Deflationary Mechanism EIP 1559 brought a crucial change to Ethereum’s transaction fee mechanism, introducing a base fee component that is constantly consumed, reducing the total supply of ether over time. This deflationary approach aimed to address issues of high fees and scalability on the network. Since its implementation, an average of approximately 146,000

$125 Million Worth of ETH Acquired by Anonymous Investor, Exploring the Importance
9 months ago 1 min read

Ethereum Whale Acquires Over $125 Million in ETH

Despite recent regulatory uncertainty, the sentiment surrounding the cryptocurrency market is turning more positive. This is evidenced by the recent accumulation of over $125 million worth of ETH by an anonymous whale. The whale’s Ethereum address, “0x882…49732,” has withdrawn a total of 64,400 ETH from exchanges since June 8. Furthermore, the whale has staked 36,640 ETH ($71M), accounting for 57% of the total transactions. Notably, the most recent withdrawal of 7,300 ETH ($14M) occurred on July 14. The whale’s withdrawals occurred over the past 44 days, as outlined by Ethereum blockchain data on etherscan: Whales are known for owning wallet

Justin Sun withdrew 30,000 ETH worth approximately $56 million from Lido
9 months ago 1 min read

Tron Co-Founder Unstakes $56 Million Worth of Ethereum Through Lido: What Does It Mean for ETH Prices?

Justin Sun, the co-founder of Tron, recently withdrew 30,000 ETH (worth approximately $56 million) from Lido, a liquidity staking service provider, according to Lookonchain, a blockchain analytics platform. This move reduced Sun’s Ethereum stake via Lido to 263,294 ETH, equivalent to $491.6 million at current rates. The exact reasons behind Sun’s withdrawal of 30,000 ETH are unclear. It could signal his intention to sell some of the Ethereum, transfer it to a different staking platform, or perhaps run his private Ethereum validator node. Despite Sun’s unstaking, he remains one of the largest stakers at Lido, accounting for over 9% of

Ethereum (ETH) have been transferred to major cryptocurrency exchanges
9 months ago 2 mins read

Ethereum Whales Transfer $140 Million to Crypto Exchanges

In a recent development within the Ethereum (ETH) ecosystem, substantial amounts of digital assets have been transferred to major cryptocurrency exchanges, totaling approximately $140 million. The movement of funds to exchanges follows a decrease in the supply of the second-largest cryptocurrency, which occurred throughout the month of June. According to data reported by Whale Alert, a renowned whale monitoring service, multiple transactions worth millions of dollars have taken place, with the cryptocurrency being sent to prominent exchanges such as Coinbase, Kraken, and OKX. One notable transfer involved the movement of 20,000 ETH, valued at over $38 million, from Arbitrum (ARB),

Over $90 Million Worth of ETH Withdrawn from Binance, On-Chain Analysis Shows
9 months ago 1 min read

Ethereum Whale Moves $90 Million from Binance in a Month, Reveals On-Chain Data

An Ethereum (ETH) whale has recently caught the attention of crypto enthusiasts as it withdrew a staggering amount of ETH from the popular exchange Binance. Over the course of a month, the whale moved more than $91 million worth of the leading altcoin, according to blockchain tracking firm Lookonchain. Lookonchain’s data reveals that the Ethereum whale withdrew a total of 50,100 ETH, equivalent to $91.2 million, from Binance starting from June 8th. Interestingly, the whale has also engaged in staking, with a stake of 34,560 ETH, valued at approximately $65 million. In addition to the ETH withdrawals, Lookonchain also observed

Vitalik Buterin Reveals Caution in Staking Ethereum (ETH) Holdings Due to Security Concerns
9 months ago 1 min read

Vitalik Buterin Cautious About Staking Large Portion of Ethereum Holdings Due to Infrastructure Concerns

In a recent interview with the Bankless Podcast, Ethereum founder Vitalik Buterin revealed his hesitancy to stake a significant portion of his Ethereum (ETH) holdings. He cited concerns about the current infrastructure surrounding staking services and emphasized the importance of security in making such decisions. His comments have sparked discussions within the crypto community, with Cardano creator Charles Hoskinson expressing surprise at Buterin’s stance. Additionally, Buterin shared his thoughts on the US regulatory approach to cryptocurrencies and expressed empathy for projects facing regulatory challenges. Buterin explained that he prefers to stake only a small portion of his ETH holdings due