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Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature — staking rate limit — after over 150,000 ETH was staked in a single day.
Liquid staking protocol Lido Finance activated a protocol safety feature called “staking rate limit” after more than 150,000 Ether was staked with the protocol in a single day.
Lido is a liquid staking solution for digital assets, allowing users to stake Ether without them needing to have their tokens locked. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as staked Ether (stETH), giving users staking rewards for each day the tokens are held in their wallets.
Read More: https://cointelegraph.com/news/lido-finance-activates-staking-rate-limit-after-more-than-150-000-eth-staked
Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature — staking rate limit — after over 150,000 ETH was staked in a single day.
Liquid staking protocol Lido Finance activated a protocol safety feature called “staking rate limit” after more than 150,000 Ether was staked with the protocol in a single day.
Lido is a liquid staking solution for digital assets, allowing users to stake Ether without them needing to have their tokens locked. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as st...
1,000 earned
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
The upgrade is only for the Sepolia network, with a subsequent upgrade for the Goerli network to be introduced in March.
Ethereum core developer Tim Beiko announced the Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832.
Shanghai and Capella (Shapella) are the upcoming Ethereum hard fork names. Shanghai is the fork’s name on the execution layer client side, and Capella is the upgrade name on the consensus layer client side.
Some key Ethereum improvement proposal (EIP) changes on the execution layer include warm coinbase (not to be confused with the crypto exchange) and Beacon Chain push withdrawals. The push withdrawals will allow validator withdrawals from the Beacon Chain to the Ethereum Virtual Machine via a new “system-level” operation type. On the other hand, warm coinbase could be a game changer that reduces network fees for builders.
Coinbase is the name of the software that builders use to receive new tokens on the network. Every new platform transaction must interact with the coinbase software multiple times. The first interaction costs more as the software needs to “warm” up, with fees declining as the interactions increase. However, with the introduction of EIP-3651, the coinbase software will remain warm to begin with, requiring a lower gas fee to access it.
Read More: https://cointelegraph.com/news/ethereum-shapella-upgrade-gets-new-date-making-way-for-un-staking-eth
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
The upgrade is only for the Sepolia network, with a subsequent upgrade for the Goerli network to be introduced in March.
Ethereum core developer Tim Beiko announced the Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832.
Shanghai and Capella (Shapella) are the upcoming Ethereum hard fork names. Shanghai is the fork’s name on the execution layer client side, and Capella is the upgrade name on the consensus layer client side.
Some key Ethereu...
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Ethereum price prints 'death cross' after losing 13% versus Bitcoin from 2023 peak
ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators.
Previous ETH price death cross preceded 27.5% drop
A death cross appears when an asset's short-term 50-period moving average moves below its long-term 200-period moving average. Such a chart pattern was seen in December 2007, foahead of the global economic crisis.
Similarly, the ETH/BTC's previous death cross in May 2022 preceded an approximately 27.5% price correction, dropping in parts as investors reduced exposure to altcoins and sought safety in Bitcoin amid the Terra collapse.
Read More: https://cointelegraph.com/news/ethereum-price-prints-death-cross-after-losing-13-versus-bitcoin-from-2023-peak
Ethereum price prints 'death cross' after losing 13% versus Bitcoin from 2023 peak
ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators.
Previous ETH price death cross preceded 27.5% drop
A death cross appears when an asset's short-term 50-period moving average moves below its long-term 200-period moving average. Such a chart pattern was seen in December 2007, foahead of the global economic crisis.
Similarly, the ETH/BTC's previous death cross in May 2022 preceded an approximately 27.5% price...
2,000 earned
Lido Finance Kicks Off Yield Farming Event on Ethereum Scaler Optimism
A new 1 million OP token grant means Lido Finance users looking to earn some extra yield can do so by porting over to Optimism.
Lido Finance and Optimism are rolling out a new incentive program to get liquid stakers migrated over to the layer-2 network.
As part of the LidoOnLayer2 initiative, which seeks to improve liquidity for Lido’s staked Ethereum (stETH) product across all layer-2 solutions, the project has been granted 1 million OP tokens from Optimism.
These tokens will provide an added OP reward for users who stake their Ethereum with Lido, move that staked Ethereum to Optimism, and provide liquidity for select token pairs. The program kicks off today and ends in six months.
OP is the governance token for Optimism, a layer-2 scaling solution that uses rollups to help scale the Ethereum network by moving activity off of the mainnet, batching it, and then executing this compressed data on the mainnet.
Lido Finance is the market’s largest liquid staking platform, letting users deposit a variety of proof-of-stake (PoS) tokens and earn rewards for doing so. Instead of needing 32 ETH, a whopping $49,000 today, to begin staking on Ethereum, users can instead deposit any amount into Lido and begin earning. The service is also available for Polygon, Solana, Polkadot, and Kusama.
Read More: https://decrypt.co/121365/lido-finance-kicks-off-yield-farming-event-on-ethereum-scaler-optimism
Lido Finance Kicks Off Yield Farming Event on Ethereum Scaler Optimism
A new 1 million OP token grant means Lido Finance users looking to earn some extra yield can do so by porting over to Optimism.
Lido Finance and Optimism are rolling out a new incentive program to get liquid stakers migrated over to the layer-2 network.
As part of the LidoOnLayer2 initiative, which seeks to improve liquidity for Lido’s staked Ethereum (stETH) product across all layer-2 solutions, the project has been granted 1 million OP tokens from Optimism.
These tokens will provide an added OP reward for user...
1,000 earned
Ethereum Upgrade Expectations Fuel Liquid Staking Token Growth
Tokens representing staked ETH are outgaining most digital assets on the day — and on a year-to-date basis
Governance tokens of liquid staking derivatives continue to outpace other digital assets as anticipation for Ethereum’s upcoming Shanghai upgrade grows.
Shanghai, expected to launch sometime next month, is set to allow validators to withdraw staked ether from the Beacon Chain — some of which has been locked up for over three years.
Associated protocols and assets representing staked ETH are outgunning most other digital assets on the day, as well as on a year-to-date basis.
Liquid staking solution Lido DAO (LDO) clinched a near 9% gain as of 7 pm ET. Frax Share (FXS) — the governance token of the Frax ecosystem behind frxETH — and staking pool Rocket Pool (RPL) were up 20% and 6%, respectively.
In year-to-date terms, LDO, FXS and RPL are up between 100% and 190%. Bitcoin (BTC) and ether (ETH) were down roughly 1% on the day and are each up roughly 35% so far in 2023.
As a result of the upgrade, tokens representing staked ETH will have the ability to achieve better price parity with ETH, making people more likely to trust them and hold on to them, according to Blockworks Research analyst Ryan West.
“We’ve seen the supply of [liquid staking derivatives] already grow 5% since the start of 2023, with some versions growing more than others, such as frxETH growing 74% and rETH (Rocketpool) growing 10%,” he said.
Full Article: https://blockworks.co/news/liquid-staking-token-growth
Ethereum Upgrade Expectations Fuel Liquid Staking Token Growth
Tokens representing staked ETH are outgaining most digital assets on the day — and on a year-to-date basis
Governance tokens of liquid staking derivatives continue to outpace other digital assets as anticipation for Ethereum’s upcoming Shanghai upgrade grows.
Shanghai, expected to launch sometime next month, is set to allow validators to withdraw staked ether from the Beacon Chain — some of which has been locked up for over three years.
Associated protocols and assets representing staked ETH are outgunning most other di...
11,000 earned
Ethereum Hits 500,000 Validators Ahead of Scheduled Shanghai Upgrade
Ethereum validators will soon be able to withdraw their earnings from staking after the upcoming Shanghai network update.
The number of Ethereum (ETH) validators has hit 500,000, per data from BeaconScan, ahead of March’s scheduled Shanghai upgrade.
A validator secures a proof-of-stake (PoS) blockchain by validating transactions on the network and protecting it from double-spending errors, among other activities.
To use validator software in Ethereum, you need to be able to stake a significant initial investment of 32 ETH, worth roughly $50,000 at current prices.
The Ethereum blockchain has relied on validators to keep it functional since it executed the merge on September 15, 2022, moving the network from a proof-of-work (PoW) consensus mechanism.
Full Article: https://decrypt.co/119370/ethereum-validators-hit-500000-ahead-scheduled-shanghai-upgrade
Ethereum Hits 500,000 Validators Ahead of Scheduled Shanghai Upgrade
Ethereum validators will soon be able to withdraw their earnings from staking after the upcoming Shanghai network update.
The number of Ethereum (ETH) validators has hit 500,000, per data from BeaconScan, ahead of March’s scheduled Shanghai upgrade.
A validator secures a proof-of-stake (PoS) blockchain by validating transactions on the network and protecting it from double-spending errors, among other activities.
To use validator software in Ethereum, you need to be able to stake a significant initial investment o...
11,000 earned
Ethereum Shanghai hard fork and token unlock: A complete guide to unstaking ETH
• Ethereum Shanghai Hard Fork’s activation in March 2023 will be closely followed by a token unlock of at least 35,008 ETH.
• To facilitate Ethereum unlock, the nodes storing data and processing transactions need to ensure that their withdrawal credentials are updated.
• Ethereum price is on track to hit the $1,500 level in another leg up, according to the Elliott Wave Theory.
Ethereum Shanghai Hard Fork is the next key milestone for the second-largest cryptocurrency by market capitalization. The event is closely followed by a token unlock, where at least 35,008 ETH will be unlocked shortly after the hard fork is successful.
This post outlines how validators can prepare for token unlock, the minimum volume of ETH tokens that are likely to flood the market and what to expect from Ethereum price.
Ethereum network’s Shanghai upgrade is the next major developmental milestone post the altcoin’s Merge. The Merge marked ETH’s successful transition from proof-of-work to proof-of-stake consensus mechanism and reduced energy usage by 99.9%. The Shanghai hard fork will be closely followed by ETH token unlock.
Read More: https://www.fxstreet.com/cryptocurrencies/news/ethereum-shanghai-hard-fork-and-token-unlock-a-complete-guide-to-unstaking-eth-202301111020
Ethereum Shanghai hard fork and token unlock: A complete guide to unstaking ETH
• Ethereum Shanghai Hard Fork’s activation in March 2023 will be closely followed by a token unlock of at least 35,008 ETH.
• To facilitate Ethereum unlock, the nodes storing data and processing transactions need to ensure that their withdrawal credentials are updated.
• Ethereum price is on track to hit the $1,500 level in another leg up, according to the Elliott Wave Theory.
Ethereum Shanghai Hard Fork is the next key milestone for the second-largest cryptocurrency by market capitalization. The even...
1,000 earned
Ethereum (ETH) Might Lead New Rally, Start Expected in Q1, 2023: Opinion
Prominent Bitcoin (BTC) mining entrepreneur Jiang Zhuoer, CEO of BTC.TOP and B.TOP mining firms, shared his forecast on the first phase of the next bullish rally in crypto. While the run might start in a few months, its scenario might be different to what we witnessed in previous cycles.
Optimistic and pessimistic forecasts by industry veteran Mr. Jiang Zhuoer took to Twitter to share his estimations of the prospects of Bitcoin (BTC) and Ethereum (ETH) in the next bullish rally. He attempts to compare the ongoing cycle with those of 2014 and 2018. As such, he publishes two scenarios for cryptocurrency bulls, an optimistic and a pessimistic one.
If the November 2022 decline triggered by the FTX drama was the ultimate bottom of this cycle, the four-year period remains valid for every major cycle in crypto. As such, the potential collapse of Digital Currency Group, which is being widely discussed in the media, is already priced in and will not affect the price significantly. Then, while the new upsurge is almost imminent, the market can follow one of two scenarios. If the optimistic one plays out, the rally might start two months after the last phase of "sideways" moves.
Read more on U.Today https://u.today/ethereum-eth-might-lead-new-rally-start-expected-in-q1-2023-opinion
Ethereum (ETH) Might Lead New Rally, Start Expected in Q1, 2023: Opinion
Prominent Bitcoin (BTC) mining entrepreneur Jiang Zhuoer, CEO of BTC.TOP and B.TOP mining firms, shared his forecast on the first phase of the next bullish rally in crypto. While the run might start in a few months, its scenario might be different to what we witnessed in previous cycles.
Optimistic and pessimistic forecasts by industry veteran Mr. Jiang Zhuoer took to Twitter to share his estimations of the prospects of Bitcoin (BTC) and Ethereum (ETH) in the next bullish rally. He attempts to compare the ongoing c...
2,000 earned
Ethereum Investor Turns $7,000 Into $27,000,000 on New Years Eve Trade: On-Chain Data
An Ethereum (ETH) investor recently turned $7,000 in ETH they received in 2014 into $27 million worth of another crypto asset.
The blockchain-tracking Twitter account Lookonchain first reported that an Ethereum initial coin offering (ICO) participant swapped 22,340 ETH for 20,544.14 WSTETH on the last day of 2022.
The ETH ICO happened in 2014. At the time, the Ethereum investor received 150,000 ETH in total at the ETH ICO price of about $0.31. The value of that 22,340 ETH at the time would have been only around $6,925, and the 20,544.14 WSTETH the investor traded for was worth $27 million.
Read Full Article: https://dailyhodl.com/2023/01/05/ethereum-investor-turns-7000-into-27000000-on-new-years-eve-trade-on-chain-data/
Ethereum Investor Turns $7,000 Into $27,000,000 on New Years Eve Trade: On-Chain Data
An Ethereum (ETH) investor recently turned $7,000 in ETH they received in 2014 into $27 million worth of another crypto asset.
The blockchain-tracking Twitter account Lookonchain first reported that an Ethereum initial coin offering (ICO) participant swapped 22,340 ETH for 20,544.14 WSTETH on the last day of 2022.
The ETH ICO happened in 2014. At the time, the Ethereum investor received 150,000 ETH in total at the ETH ICO price of about $0.31. The value of that 22,340 ETH at the time would have been...
11,000 earned
Ethereum (ETH) Creator Vitalik Buterin Reveals What He’s Bullish On for 2023
Vitalik Buterin, the founder of smart contract protocol Ethereum (ETH), is breaking down what he’s bullish on for 2023.
The crypto pioneer says that he’s hopeful Ethereum will reach the “basic roll-up scaling” milestone in his roadmap diagram shared on Twitter.
Buterin says that milestone includes rolling out Ethereum Improvement Proposal (EIP) 4844.
Explains EIP-4844’s website,
“EIP-4844 introduces a new kind of transaction type to Ethereum which accepts ‘blobs’ of data to be persisted in the beacon node for a short period of time. These changes are forwards compatible with Ethereum’s scaling roadmap, and blobs are small enough to keep disk use manageable.”
Full Article: https://dailyhodl.com/2023/01/03/ethereum-eth-creator-vitalik-buterin-reveals-what-hes-bullish-on-for-2023/
Ethereum (ETH) Creator Vitalik Buterin Reveals What He’s Bullish On for 2023
Vitalik Buterin, the founder of smart contract protocol Ethereum (ETH), is breaking down what he’s bullish on for 2023.
The crypto pioneer says that he’s hopeful Ethereum will reach the “basic roll-up scaling” milestone in his roadmap diagram shared on Twitter.
Buterin says that milestone includes rolling out Ethereum Improvement Proposal (EIP) 4844.
Explains EIP-4844’s website,
“EIP-4844 introduces a new kind of transaction type to Ethereum which accepts ‘blobs’ of data to be persisted in the beacon no...
12,000 earned
Ethereum co-founder Vitalik Buterin’s Tweet Made “ETH Killer” Solana’s day
Solana blockchain’s native token SOL’s price got a shot in the arm after Ethereum co-founder Vitalik Buterin’s tweet about Solana’s dev community, recovered 15% loss booked as on December 29th, 2022.
Amid the devastating impact of FTX’s collapse on Solana Buterin, addressed his understanding about Solana in a tweet: “Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.Hard for me to tell from outside, but I hope the community gets its fair chance to thrive.”
According to Bloomberg, the SOL price has plunged by 96% from its record-high of $261 (in November) to $10 amid hurt by TerraUSD led market turmoil, then added with FTX collapse. A day before, on December 28th, SOL price declined to as low as 12% due to panic, leading to large token’s holders to leave support.
Full Article: https://www.thecoinrepublic.com/2022/12/31/ethereum-co-founder-vitalik-buterins-tweet-made-eth-killer-solanas-day/
Ethereum co-founder Vitalik Buterin’s Tweet Made “ETH Killer” Solana’s day
Solana blockchain’s native token SOL’s price got a shot in the arm after Ethereum co-founder Vitalik Buterin’s tweet about Solana’s dev community, recovered 15% loss booked as on December 29th, 2022.
Amid the devastating impact of FTX’s collapse on Solana Buterin, addressed his understanding about Solana in a tweet: “Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.Hard for me to...
17,000 earned
Ethereum prepares for Shanghai hard fork in March 2023, will ETH crumble under selling pressure
Ethereum, the second largest altcoin by market capitalization, is on track to unlock staked ETH tokens after the Shanghai hard fork in March 2023. The upgrade includes an improvement proposal that allows users to unlock their ETH. The altcoin is likely to battle rising selling pressure from the event.
Ethereum developers are working on the “Surge” after the successful completion of the Merge. The Merge was the altcoin network’s transition from a proof-of-work to proof-of-stake network, reducing its energy consumption by 99%. Developers are working on the Shanghai hard fork and staked token unlock through Ethereum Improvement Proposal (EIP) 4895.
The Surge was supposed to go live with the next upgrade in the second largest cryptocurrency by market cap. Developers recently confirmeds that “The Surge,” EIP 4844, known as proto-danksharding will be prioritized after staked token unlock. “The Surge” was expected to increase the scalability of layer-2 scaling solutions by orders of magnitude and prepare the chain for sharding.
Full Article: https://www.fxstreet.com/cryptocurrencies/news/ethereum-prepares-for-shanghai-hard-fork-in-march-2023-will-eth-crumble-under-selling-pressure-202301011505
Ethereum prepares for Shanghai hard fork in March 2023, will ETH crumble under selling pressure
Ethereum, the second largest altcoin by market capitalization, is on track to unlock staked ETH tokens after the Shanghai hard fork in March 2023. The upgrade includes an improvement proposal that allows users to unlock their ETH. The altcoin is likely to battle rising selling pressure from the event.
Ethereum developers are working on the “Surge” after the successful completion of the Merge. The Merge was the altcoin network’s transition from a proof-of-work to proof-of-stake network, reduci...
1,000 earned
Analyst Nicholas Merten Reveals Ethereum Price Target, Says ETH Has Major ‘Skeletons in Closet’
A popular analyst is issuing a dire warning to Ethereum (ETH) holders, saying that an epic collapse could be coming for the second-largest crypto by market cap.
In a new video, crypto strategist Nicholas Merten tells his 511,000 YouTube subscribers that Ethereum has major skeletons in the closet that could see ETH lose as much as 75% of its value from its current price of $1,220.
“Our target range for Ethereum is somewhere around $300 to $500. I don’t think it’s going to live there for long, but it has to do with the fact that right now, there is a big skeleton closet that is over $1.5 billion of cumulative liquidations that can potentially happen in the DeFi [decentralized finance] ecosystem for Ethereum.”
Merten shares a chart illustrating the liquidation levels of DeFi protocols in Ethereum. According to the crypto strategist, these protocols will trigger a massive sell-off event if ETH plunges to a certain level.
“If we start to get towards around $750 to $550, you’re going to start getting a cascading effect of sell-side pressure in the Ethereum market… If you want to look at it in terms of ETH, we’re talking about a million plus ETH that is at risk of leading us down and causing that additional sell-side pressure to quickly get from $750 and $550 for ETH’s price down to $300.”
Full Article: https://dailyhodl.com/2022/12/24/analyst-nicholas-merten-reveals-ethereum-price-target-says-eth-has-major-skeletons-in-closet/
Analyst Nicholas Merten Reveals Ethereum Price Target, Says ETH Has Major ‘Skeletons in Closet’
A popular analyst is issuing a dire warning to Ethereum (ETH) holders, saying that an epic collapse could be coming for the second-largest crypto by market cap.
In a new video, crypto strategist Nicholas Merten tells his 511,000 YouTube subscribers that Ethereum has major skeletons in the closet that could see ETH lose as much as 75% of its value from its current price of $1,220.
“Our target range for Ethereum is somewhere around $300 to $500. I don’t think it’s going to live there for long...
6,000 earned
Coin Bureau Says 2023 Could Be Big Year for Ethereum, Details Forecast for ETH and Polkadot (DOT)
Wildly popular crypto analyst Guy of Coin Bureau is unveiling his forecasts for Ethereum (ETH) and Polkadot (DOT) as markets gear up for a new year.
In a new Q&A update, Guy says that Ethereum’s Shanghai upgrade, which will allow ETH to be unstaked, could make 2023 a big year for the leading smart contract platform.
He says when investors see the unlock of billions of dollars worth of ETH, it may encourage them to also start staking their coins worry-free.
“When they see that that ETH can in fact be unstaked and easily sold, then it might incentivize them to actually stake themselves. So I really think it could go either way. Now, I wouldn’t at all be surprised if it was slightly bearish in the short term if we do see some selling. But I think the future for ETH is so, so bright, and I think Shanghai, assuming it goes off without a hitch as the merge did, then I think 2023 could be a really big year for Ethereum and for ETH.
Price prediction, I don’t know… I don’t think we’re going to see a five-figure ETH in 2023, but I think that’s entirely possible. We could, of course see, a flippening, but I’m not sure. I’m expecting very much kind of sideways price action for ETH over the course of next year.”
Looking at Polkadot, the Coin Bureau host says he sees multiple strong points for the interoperable blockchain, including its founder Gavin Wood, its efforts toward decentralization, and its strong developer community.
“I think it has two particular things going for it. It has one of the highest active developer counts in all of crypto. There are lots of people working on Polkadot. And of course, Gavin Wood, the guy behind it, is very very smart dude. And speaking of Gavin Wood, I think Polkadot has gone a long way and taken many steps towards decentralization, and I think that is going to be really important. Any crypto project that isn’t sufficiently decentralized could have a really tough year, next year, and I think Polkadot is moving in that direction. So I would imagine Polkadot will still be around come the next bull market. I think it has got a lot going for it.
That said, it’s got some headwinds as well. We need to see more use cases for DOT, certainly. We need to see more development. There’s obviously competition from the likes of Cosmos, which is another awesome project, and all the other kind of layer-1s out there as well. But I think Polkadot has some strong fundamentals and long-term, I’m bullish on it.”
Full Article: https://dailyhodl.com/2022/12/26/coin-bureau-says-2023-could-be-big-year-for-ethereum-details-forecast-for-eth-and-polkadot-dot/
Coin Bureau Says 2023 Could Be Big Year for Ethereum, Details Forecast for ETH and Polkadot (DOT)
Wildly popular crypto analyst Guy of Coin Bureau is unveiling his forecasts for Ethereum (ETH) and Polkadot (DOT) as markets gear up for a new year.
In a new Q&A update, Guy says that Ethereum’s Shanghai upgrade, which will allow ETH to be unstaked, could make 2023 a big year for the leading smart contract platform.
He says when investors see the unlock of billions of dollars worth of ETH, it may encourage them to also start staking their coins worry-free.
“When they see that that...
22,000 earned
Top Crypto Analyst Predicts Massive Ethereum (ETH) Rally To Commence Soon – But There’s a Catch
A popular cryptocurrency analyst and trader is optimistic that the price of Ethereum (ETH) is about to go up significantly.
The pseudonymous crypto trader Kaleo tells his 552,400 Twitter followers that the second-largest digital asset by market cap is on course to rally by over 60% from current levels.
Ethereum is trading at $1,225 at time of writing.
While Kaleo is bullish on Ethereum against the US dollar, he believes ETH will not do well in its Bitcoin pair (ETH/BTC).
Earlier this week, the analyst predicted that ETH/BTC would likely continue on a downward trend, suggesting that the king crypto will outperform the smart contract protocol in the coming months.
Full Article: https://dailyhodl.com/2022/12/24/top-crypto-analyst-predicts-massive-ethereum-eth-rally-to-commence-soon-but-theres-a-catch/
Top Crypto Analyst Predicts Massive Ethereum (ETH) Rally To Commence Soon – But There’s a Catch
A popular cryptocurrency analyst and trader is optimistic that the price of Ethereum (ETH) is about to go up significantly.
The pseudonymous crypto trader Kaleo tells his 552,400 Twitter followers that the second-largest digital asset by market cap is on course to rally by over 60% from current levels.
Ethereum is trading at $1,225 at time of writing.
While Kaleo is bullish on Ethereum against the US dollar, he believes ETH will not do well in its Bitcoin pair (ETH/BTC).
Earlier this...
1,000 earned
Talking Ethereum 2.0 With ConsenSys PM Matt Nelson: When Can ETH Validators Unstake?
When will Ethereum 2.0 stakers be able to withdraw? What’s next in the ETH 2.0 pipeline, and when is sharding coming? Tune in to our latest episode with Matt Nelson.
Ethereum’s transition to Proof-of-Stake has undoubtedly been the most significant technical accomplishment in the blockchain industry in 2022 and perhaps even beyond.
To facilitate the process, those who wished to secure the Beacon chain had to deposit a minimum of 32 ETH to become validators. The economic incentive to do so was (and still is) represented by the yield that users receive on the staked amount.
However, there’s a catch – users are unable to withdraw their stake until after the Merge became a reality (which it already has) and after withdrawals are unlocked. There’s been quite a bit of chatter lately on that last part, as the Ethereum foundation recently removed the estimated unlock date.
To this end, CryptoPotato sat with Matt Nelson – a product manager at ConsenSys – and discussed at length how the team is tackling the challenges and what’s in store for Ethereum 2.0 now that the Merge is officially a few months old.
Full Article: https://cryptopotato.com/talking-ethereum-2-0-with-consensys-pm-matt-nelson-when-can-eth-validators-unstake/
Talking Ethereum 2.0 With ConsenSys PM Matt Nelson: When Can ETH Validators Unstake?
When will Ethereum 2.0 stakers be able to withdraw? What’s next in the ETH 2.0 pipeline, and when is sharding coming? Tune in to our latest episode with Matt Nelson.
Ethereum’s transition to Proof-of-Stake has undoubtedly been the most significant technical accomplishment in the blockchain industry in 2022 and perhaps even beyond.
To facilitate the process, those who wished to secure the Beacon chain had to deposit a minimum of 32 ETH to become validators. The economic incentive to do so was (and stil...
1,000 earned
Ethereum Whale Moves 31,126 ETH Off Bitfinex
What happened: An Ethereum whale sent $36,704,713 worth of Ethereum off Bitfinex.
The ETH address associated with this transaction has been identified as:
0x078a9e1b56850dc9be25c20fb0f980c60775cf46
Why it matters: Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, as exchange wallets are the most sought-after target for cryptocurrency hackers.
Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.
According to Glassnode, only 16.01% of the total supply remains liquid across all centralized exchanges.
The removal of ETH from an exchange reduces potential sell side pressure, allowing the price of Ether to increase more easily.
Full article: https://www.benzinga.com/markets/cryptocurrency/22/12/30177009/ethereum-whale-moves-31-126-eth-off-bitfinex
Ethereum Whale Moves 31,126 ETH Off Bitfinex
What happened: An Ethereum whale sent $36,704,713 worth of Ethereum off Bitfinex.
The ETH address associated with this transaction has been identified as:
0x078a9e1b56850dc9be25c20fb0f980c60775cf46
Why it matters: Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, as exchange wallets are the most sought-after target for cryptocurrency hackers.
Ethereum whales that run their own vali...
