Crypto Influencers were compelled to clarify that an inside joke regarding Wrapped Ethereum’s (wETH) “insolvency” over the weekend was just a “shitpost” after some members of the community mistook it for the truth. On November 26, false rumors claiming that wETH is insolvent and not backed 1:1 by Ether (ETH)
The Federal Open Market Committee (FOMC) members usually release the updated reports of the inflationary scenario in the economy. Further the FOMC meeting held on November 1-2 will be revealed tomorrow with the current insights of the crypto markets. As the entire investor community is awaiting for the release, the
Following the major cryptocurrency exchange FTX’s insolvency, another centralized crypto exchange Crypto.com revealed that unknowingly it had transferred 320,000 ETH, or about $400 million at the time, to a public address that is registered at a rival exchange. According to Etherscan, the block explorer, Crypto.com sent funds equivalent to about
Changpeng Zhao, CEO of Binance, reported that as of this morning’s early hours, the BNB platform had ETH worth about $8 billion stored in its cold wallet. He added that they are serving as custodians for the user funds and further clarified that these funds are unrelated to the platform.
The Biggest ETH Whale purchased almost 133,533,637,671 (133.53B) SHIB thereby increasing its Shiba Inu holdings. The total worth of the SHIB coins is $1.60 million and was bought in just one day. As a smart act, the Whale scooped these huge Shiba Inu coins in three separate transactions. The recent
Arbitrum and Optimism set new all-time highs on transactions in September. Ethereum (ETH) decreased by over 20% in the previous month. The Layer 2 Ethereum-based protocols Arbitrum and Optimism Transaction volume have steadily increased. In September, the total number of transactions for both protocols reached new records. Arbitrum and Optimism
A total of 8,094 ETH was added to the supply pool since the merge. The gas fee at present in the Ethereum network is 4.62 Gwei. Ethereum merge didn’t turn out as expected in various aspects. The post-merge scenario was to take the Ethereum (ETH) token closer to the deflationary
The Merge is a milestone in development but implementation success is pending. Functioning of Ethereum is largely in the US geography, which is a boon and bane. Ethereum merge hurricane has crossed the crypto market in the last week, and the hype pre-and post-merge was enormous. But the verdict prevailing
According to Santiment, there was a significant decrease in whales ETH holdings. Addresses holding 1,000 to 10,000 ETH have lost 2.24% of their total holdings. Following the successful Merge update, large Ethereum holders began to rapidly redistribute their holdings on the market, which could have been the primary source of
Bitcoin and Ethereum witnessing a sudden plunge in the cryptocurrency market. BTC is 1.84% down and ETH is 4.86% down in the last 24 hours. The global crypto market has started showing a bearish signal once again. After witnessing a significant price surge in the past few weeks, the major
