The developers of zkSync, an Ethereum layer 2 scaling solution, Matter Labs, have verified that 921 Ether, worth $1.7 million, are still locked up in one of their newest smart contracts, GemstoneIDO. @GemholicECO, who ran into a problem with their smart contract on zkSync Era, has reached out to us
The United States Department of Labor (DOL) said on Thursday that around 228,000 people applied for unemployment benefits in the week ending April 1. The market had predicted 240,000 jobs would be created, hence this number was below expectations (which was corrected from 191,000). The report also gave the advance
The April 12 rollout of the Shanghai and Capella upgrades, together known as the Shapella, is eagerly anticipated by the ETH community. Investors in the cryptocurrency market likely regard the Shanghai hard fork as a bullish trigger occasion, given the altcoin’s price increase in the week preceding the event. From
The community has spoken out against the chaos that was produced by the initial governance proposal for Arbitrum, hence the company leading the development of the layer-2 scaling network, the Arbitrum Foundation, has announced that it would be splitting AIP-1 into multiple smaller proposals. The Arbitrum DAO voted unanimously on
The whole crypto market is eagerly waiting for Ethereum’s upcoming Shanghai upgrade. The anticipation for the Shanghai upgrade is increasing day by day. At the same time, Etherscan reported that a whale received 1.52 million Lido DAO (LDO) tokens worth $4 million from the world’s largest crypto exchange, Binance. The
The anticipation of Ethereum’s Shapella Upgrade – the simultaneous occurrence of Shanghai and Capella – in a week led to notable 24H price surges in ETH and altcoins related to DeFi staking. Remarkably, ETH crossed the $1,900 level and hit its 8-month-high of $1,920. It spurred the community’s hype to
In just eight days, Ethereum’s Shanghai upgrade, also known as the Shapella hard fork, will let users withdraw their “staked ether.” However, despite the benefits this development is expected to bring, there are growing concerns that it could trigger a sell-off of unstaked ether, leading to uncertainty in the market.
Investors are still hopeful for a positive outlook in the cryptocurrency market during April, despite March being a bullish month for most cryptocurrencies. There is speculation that the market could reach new all-time highs in the coming weeks. The crypto market is gaining popularity and momentum, and historical trends indicate
The first altcoin, Ethereum (ETH), continued to surge in price over the past week. The trading price of ETH has increased by 3.75% in the last 24 hours. Moreover, it reached an eight-month high on Tuesday. At the same time, the global market cap also surged over 1.49% in the
Ethereum’s price, surpassed market leader Bitcoin (BTC) and hit an eight-month high on Tuesday as U.S. stock futures surged and the dollar index fell. The 24-hour high for the cryptocurrency was $1,886, which is the highest price it has been since August. Messari reports that Ether has lost some of
