DeFi protocol Ethena Labs, the creator of yield-earning stablecoin USDe, has displayed commendable surges on the charts ever since the ENA token launch. The protocol’s token jumped 103% and the overall TVL rose 45%. In the last 24 hours, following the Ethena Labs’ announcement of a 50% reward increase for
The sentiment surrounding Ethereum and Ether (ETH) is now a mix of optimism and criticism. Metrics displayed by the largest smart contract-led ecosystem’s layer-2s (L2s) reflect a bullish outlook, while certain circumstances provoke fear, uncertainty, and doubt (FUD). Especially the question: Will ETH lose its value accrual amid the L2
There are a number of potential spot Ethereum ETF applications that the U.S Securities and Exchange Commission (SEC) has opened for public comment. Its primary emphasis is on exchange-traded funds (ETFs), particularly the Grayscale Ethereum Trust, Bitwise Ethereum Fund, and Fidelity Ethereum Fund. Additionally, the SEC has made note of
Ethereum (ETH), the world’s second dominantly valued cryptocurrency, fumbles down to its lowest point of $3,202 in a fortnight. At the moment, the question, “Will ETH slide further to $3K?” still hangs in the air. As per the price chart, ETH/USDT is trapped in a downtrend with a bearish MA
Stader Labs recently unveiled Phase 2 of its ETHx tokenomics with the launch of SD Utility Pool. SD Utility Pool is a strategic initiative by the liquid staking giant to tie in SD, its protocol token, more integrally with the ETH ecosystem. It shall provide a higher level of utility
The cryptocurrency market has seen remarkable growth and innovation in recent years, capturing the attention of investors worldwide. As we get deeper into 2024, two digital assets stand out: Ethereum (ETH) and Retik Finance (RETIK). While Ethereum has solidified its position as a leading blockchain platform, Retik Finance emerges as
Vitalik Buterin, co-founder of Ethereum, has announced the next stages in the Purge initiative to simplify the protocol and reduce the demand on nodes’ resources. The Purge is an important part of Ethereum’s transition since it simplifies the network by removing unnecessary and outdated data. In addition to lowering the
Few rivalries in the ever-changing cryptocurrency market have captivated the attention of investors and fans as much as the continuing war between Ethereum and Solana. These two blockchain behemoths are pillars of innovation, with each offering distinct advantages and abilities that have changed the digital landscape. In this environment of
A major participant in the asset management industry, Fidelity Investments oversees $4.5 trillion in assets and has just taken a bold decision. A Spot Ethereum Exchange-Traded Fund (ETF) application was filed by the firm with the US SEC using an S-1 form. In their Wednesday filing, Fidelity hinted that they
Ethereum has recently witnessed a surge in bullish activity, signaling a promising path to recovery. Over the past 24 hours, ETH witnessed a commendable 4% upswing in its price, with figures climbing from $3434 to $3657. Notably, this bullish momentum was accompanied by a significant spike in trading volume, which
