Ethereum (ETH) has recently displayed a Descending Channel Pattern on the daily time frame, indicating a prevailing bearish trend. However, it is important to note that technical patterns are not infallible and can sometimes provide opportunities for trend reversals. In this trade setup, we will explore the potential for a
ZkSync, the Ethereum layer-2 scaling solution, recently announced crossing the significant milestone of 35 million total transactions in a remarkable demonstration of growth and efficiency. Moreover, the transaction data comes from ZettaBlockHQ, a full-stack Web3 data platform. Bolstering Transparency with ZettaBlock Interestingly, the collaboration with ZettaBlock has amplified zkSync’s transparency
Tether, the prominent stablecoin issuer, has recently completed its second $1 billion issuance within two months, bringing the total amount issued in 2023 to over $16 billion. The transaction occurred on June 12, utilizing the Ethereum blockchain. Paolo Ardoino, Tether’s Chief Technology Officer (CTO), took to Twitter to clarify that
In the last 24 hours, there have been reports indicating that a significant amount, equivalent to 25,000 stETH or approximately $43 million, was deposited by a whale into the Aave platform. Additionally, during the same period, borrowed a substantial amount of 35 million USDT from Aave. Furthermore, according to the latest
Vitalik Buterin, the co-founder of Ethereum, has revealed the three transitions that contain the roadmap for the three significant technical transitions. Vitalik believes that the three transitions are crucial for ensuring the sustainability and long-term success of the Ethereum blockchain. The Three Transitions:https://t.co/rtewRnm2wK — vitalik.eth (@VitalikButerin) June 9, 2023 According
As per today’s record, the ETH supply is shrunken with a decrease of 0.23% from the total market supply. This is due to the Ethereum Merge which is a recent network update. However, the update transits Ethereum (ETH) from Proof-of-work (PoW) to Proof-of-stake (PoS) consensus mechanism. With this, the ETH
In the ever-evolving blockchain technology landscape, Ethereum has long held the throne as the leading smart contract platform. However, a rising contender named Algorand has been garnering attention with its unique approach and technological advancements. Understanding the Foundations: Ethereum and Algorand share the goal of enabling decentralized applications and smart
Blur, a prominent NFT marketplace announced that the ETH borrowing platform unveils a groundbreaking feature that provides borrowers with greater flexibility in repaying their loans. Instead of the traditional requirement to repay the entire loan amount at once, borrowers can now make small, incremental payments over time. 1/ 🚨FEATURE ANNOUNCEMENT🚨
Dan Berkovitz, the former CFTC Commissioner, mentioned in the latest episode of the Unchained podcast that there is a possibility of considering Ethereum’s native Ether token as both a commodity and a security. In addition to his role as former CFTC Commissioner, it is worth noting that Dan Berkovitz also
As soon as the launch, the altcoin named RFD surged at a higher rate than expected with a 355.94% increase overall. This remarks an all-time high (ATH) of the same altcoin so far. According to CoinMarketCap, the RefundCoin (RFD) is getting traded at $0.0000842 over a $76,911,802 trading volume in
