As on May 18, 2023, Binance will reduce the time it takes to process withdrawal requests for ETH Staking from 15 days down to just five. While this change should boost staked Ethereum user convenience and adoption. It raises the question of whether the increased selling pressure on the ETH
The latest data from Nansen revealed some interesting numbers regarding locked Ethereum. According to the blockchain data and research platform, ETH locked hit an all-time high, touching 19,375,242 ETH. The data caught the attention of Binance CEO Changpeng Zhao, who recently took to his Twitter account to comment on it.
Meme coins have been a familiar presence in the cryptocurrency space, often featuring popular animals like cats and dogs. Recently, a new participant, Pepe Coin, has emerged in this domain, attracting attention with its notable price performance. Early investors in Pepe Coin have experienced significant returns, ranging from hundreds to
PEPE and other Memecoins trading activity is putting deflationary pressure on ETH. According to ultrasound.money, over 60K ETH has been net burned since the Merge, representing a 2,62% annual supply reduction ceteris paribus,”holding other things constant,” or “all else being equal.” Uniswap, the largest decentralized exchange on the Ethereum network, accounts
Cryptocurrencies have become increasingly popular in recent years, with investors looking for the next big thing. While many are drawn to high-risk, high-reward tokens, others are looking for low-risk, high-reward options. In this article, we will discuss three low-risk, high-reward tokens to consider for 2023: Ethereum (ETH), Shiba Inu (SHIB),
The second-largest cryptocurrency, Ethereum (ETH), regained popularity. One potential driver for ETH’s rebound is its appeal as a “deflationary asset.” This trend is on the back of growing on-chain activity, led primarily by DEXes, NFT platforms, and stablecoins. Due to a spike in on-chain activity on protocols such as Uniswap,
The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last
On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion. Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%. MakerDAO, Aave, Curve Finance, and Uniswap
After waiting for the Shanghai update, Ethereum stakers may now make withdrawals. Since the staking option was initially unveiled in December 2020, several people had been holding out in anticipation. The fact that Kraken’s U.S. staking clients seem to have been more or less drained from the system is perhaps
The crypto market is continuing to grow and evolve with the launch of new memecoins. In recent days, memecoins have shown massive bullish intent in the crypto market. So it will be challenging for investors to identify the most performing cryptocurrencies. In this article, we will discuss the key performing
