Wed, November 20

Ethereum Contracts Reach Record High, Surpassing $14 Billion

The crypto market continues its potent shifts as Ethereum (ETH) contract holdings surpass a notable landmark. According to recent data from Coinglass, the total value of ETH held in contracts has exceeded $14 billion, reaching a new record high since November 2022.  This marks a significant moment for the Ethereum

May 21, 2024 2 mins read

Ethereum Price Soars 17%, Should Investors Bet For the $4K Bullish Rally?

The entire crypto market has leaned toward an upsurge, rising its valuation to $2.6 trillion. Bitcoin and the family of altcoins have experienced price hikes. Over the past 24 hours, Ethereum (ETH), is spearheading the bullish rally with a 17% surge in price and by breaking recent resistance levels. The

May 21, 2024 2 mins read

Prometheum Launches Ethereum Custody Service, Classifies ETH as Security

An Ethereum custody service has been soft-launched by digital assets platform Prometheum in preparation for a full launch of crypto services later this quarter. As far as the digital currency ecosystem is concerned, this product launch was the first of its type, according to Fortune. Because of its contentious position

May 21, 2024 2 mins read

Spot Ethereum ETF Decision Looms as SEC’s Deadline Draws Near

Since this week is when the decision on the spot Ethereum ETF will be made, let’s take a look at what the week ahead may bring in terms of possible outcomes. Both the 19b-4s (changes to exchange rules) and the S-1s (registration statements) must be approved before spot Ethereum ETFs

May 20, 2024 2 mins read

ETH Price Analysis: Will it Hit $4K By the End of May?

Ethereum is the second largest cryptocurrency, indicating both a bullish and bearish trend. According to crypto analysts, $ETH is nearing a crucial level of $4K. Additionally, Vitalik Buterin presents his strategies for improved consensus and decentralization. At the time of writing, ETH is trading at $3089, reflecting a modest increase

May 20, 2024 2 mins read

Vitalik Buterin Praises Ethereum Ecosystem’s Commitment to Free Expression

Vitalik Buterin, a pioneer in the cryptocurrency sector, praised one of Ethereum’s strengths on Saturday in a X post. The co-founder of Ethereum values the fact that free expression is not stifled inside the Ethereum ecosystem. Moreover, according to Buterin, Ethereum does not censor its users or the general public

May 18, 2024 2 mins read

Vitalik Buterin Outlines Plans to Decentralize Ethereum Further

Ethereum co-founder Vitalik Buterin has spoken out about his plans to further decentralize and make the Ethereum network permissionless. While writing from an Ethereum developer interop in Kenya, Buterin discussed the continuous technical advances and community challenges, highlighting the need of improving user and node operator experiences. Several Advancements Discussed

May 17, 2024 1 min read

Ethereum Faces Rejection at $2,996, Heading Towards Key Support Level

Ethereum (ETH) recently experienced a setback as it was rejected at the $2,996 mark. The cryptocurrency is now moving towards the crucial uptrend support level at $2,880. At press time, ETH is trading at $2,902, with a 2.48% decrease over the past 24 hours and a 5.64% drop on a

May 14, 2024 2 mins read

Dencun Upgrade Raises Concerns of Ethereum’s Inflationary Risk

The data researchers at CryptoQuant have said that the Dencun upgrade has rendered ether inflationary once again, which might lead to the loss of its characteristic as “ultra-sound” money. Since the Merge, when Ethereum switched from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, the amount of ether burned

May 9, 2024 2 mins read