In May, the largest amount since February 2022—the total value locked (TVL) in decentralized finance (DeFi) applications—reached $192 billion, according to a report by blockchain analytics company DappRadar. There was a 21% drop in the number of distinct active wallets using DeFi, even though TVL increased. May saw a 17%
According to the Chair of the Securities and Exchange Commission (SEC), Gary Gensler, the speed with which issuers reply to SEC comments will determine the approval of spot Ethereum exchange-traded funds (ETFs) in the US. It would seem from Gensler’s remarks that the responsibility for approvals is with the issuers
As the cryptocurrency market continues to exhibit a positive price action, with top altcoins adding significant value to their respective portfolios, the market leader, Bitcoin, has managed to maintain its price above the crucial $71,000 mark. In a similar vein, Ethereum, the leader of altcoins, has displayed a comparable price
The cryptocurrency market is currently in a consolidation phase, with Bitcoin trading at $71,377, experiencing a modest 0.77% price surge, while Ethereum has seen a 0.69% decrease, bringing its value to $3,824. This period of market stability is marked by the absence of significant gains among the top 50 coins
On the fringes of EDCON Tokyo 2024, the world-renowned Ethereum development conference dedicated to supporting the Ethereum ecosystem & improving Ethereum community interaction globally, INTMAX, a Fam Sponsor at EDCON Tokyo and a cutting-edge Layer 2 zkRollup with stateless architecture, is thrilled to announce the Tokyo PlasmaCon event. On July 31,
Closing down operations has been announced by Nocturne Labs, the Ethereum-native privacy protocol which has backing of notable figures in the cryptocurrency community, including Vitalik Buterin, co-founder of Ethereum. No reason for the shutdown was provided by the firm. Private Ethereum accounts and transactions were the original goals of Nocturne.
Ethereum price is struggling to maintain its bullish momentum. The $3K mark showed signs of recovery in early May 17. The leading altcoin’s bulls and bears are exhibiting a feud. During the time of writing, the token traded at $3,832.02, an increase of 0.56% in the past 24 hours. The
In the volatile world of cryptocurrencies, market consolidation phases often bring a period of calm and strategic repositioning. The cryptocurrency market is currently experiencing one of these phases, characterized by relatively stable prices and lower trading volumes. This phase is a breeding ground for strategic maneuvers by big whales—large holders
Final approvals for asset managers providing spot Ethereum (ETH) exchange-traded funds (ETFs) on exchanges may be delayed, according to U.S SEC Chair Gary Gensler. While appearing on CNBC on June 5, Gensler hinted that the SEC may be dragging its feet in approving spot Ether ETFs, saying that the following
In a Series A funding round, Fhenix, an Ethereum Layer 2 network developer with an emphasis on data confidentiality, has raised $15 million. According to Fhenix on Tuesday, Hack VC led the round, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. Guy Itzhaki, the CEO
