Sun, May 31

Lido DAO Starts the Week With Bullish Outlook, Will the Uptrend Continue?

The majority of high-market-cap cryptocurrencies began their rise in the early morning. As the leading cryptocurrency Lido DAO (LDO) kicked off the week on a high note with a significant price rally. The altcoin recorded a more than 6.5% price surge within the last 24 hours.  The cryptocurrency market is

May 30, 2023 2 mins read

Dormant Wallet Inactive for 8 Years Moves 8000 ETH Worth $14.7M

After lying dormant for eight years, an Ether wallet that was last used in 2015 has revived, swiftly transferring 8,000 ETH in under two minutes. After taking part in Ethereum’s ICO (initial coin offering) in 2015, the wallet’s owner was rewarded with 8,000 ETH; nonetheless, the wallet sat dormant until

May 29, 2023 1 min read

Ether Reserves on Centralized Exchanges Reach Five-Year Low

The cryptocurrency exchanges’ Ether reserves have hit a five-year low.  The current number of ETH on exchanges, 17.8 million, is the most it’s been since July of 2016, according statistics from Glassnode. As of September 2022, the number of Ethereum tokens available on trading platforms has begun to decrease. The

May 28, 2023 1 min read

Ethereum Moves Towards Cancun Upgrade With Key EIPs Considerations

Ethereum has made significant progress towards its impending Cancun upgrade after its well-publicized Shapella upgrade earlier this year. In addition, the change should have a major effect on the network’s architecture. In recent months, people working on the core of Ethereum have explored a number of Ethereum Improvement Proposals (EIPs).

May 27, 2023 2 mins read

Battle for Blockchain Supremacy: Algorand’s Resilient Retreat to 52 Weeks Low

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

May 27, 2023 3 mins read

Suspicious Investor Dominates Memecoins’ Profits in May 2023

The memecoin has witnessed significant growth in recent days with the arrival of new coins and has captured the attention of investors in the crypto market. Lookonchain, the on-chain data analytics platform, has reported suspicious wallet transactions, which made most of the profits on memecoins in May 2023. 1/ This

May 26, 2023 2 mins read

Ethereum Whale Exhibits the Giant Bullish Pump in a Year

The crypto market has continued to witness the tremendous hype of memecoins since the beginning of 2023. A torrent of events — from Shiba Inu’s Shibarium, and Dogecoin’s Twitter cameo to viral PEPE and emerging new memecoins — locked investors in the “memecoin season.” In the middle of this meme

May 26, 2023 1 min read

Ethereum Co-founder Vitalik Buterin Praises Solana Blockchain

Vitalik Buterin, the co-founder of Ethereum (ETH), recently addressed a conference gathering and referred to Solana as the most scalable blockchain. This remark has caused a stir in the community since it seems to suggest that Buterin agrees that Solana is more scalable than Ethereum. The token used by the

May 24, 2023 1 min read

Ex-CFTC Commissioner’s Statement on ETH Creates Confusion

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

May 24, 2023 1 min read

Bitcoin (BTC) has shown a Low Level of Weekly Trading Volume

The crypto market has experienced a downtrend in recent times. The trading volume of the largest assets by market capitalization is plummeting to too low levels and has shown historically low levels of weekly trading volume. 📉 The largest assets in #crypto are seeing historically low levels of weekly trading

May 23, 2023 1 min read