Ethereums Post-Shanghai Upgrade Activity Disappoints, JPMorgan Analysts Report

Ethereum  Ethereums Post-Shanghai Upgrade Activity Disappoints, JPMorgan Analysts Report  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum underwent the Shanghai upgrade to enhance network activity and strengthen the DeFi ecosystem about a year ago.  However, a recent report from JPMorgan suggests the upgrade has not met expectations due to an overall decrease in the networks activity since then.  Ethereums Network Activity Declines Post-Upgrade  The Shanghai upgrade was a milestone for Ethereum, transitioning the blockchain from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. This shift aimed to decrease energy usage and increase network activity. However, JPMorgans analysis revealed a decline in Ethereums network activity after the hard fork.  According to the report, daily transactions on the Ethereum network have experienced a drop of approximately 12% since the upgrade. The number of daily active addresses on the blockchain has also fallen by nearly 20%, indicating a decrease in user engagement and participation. Total Value Locked (TVL) in DeFi has also witnessed a slump of almost 8%.  JPMorgan‘s analysts believe external factors in the crypto environment may have influenced Ethereum’s performance after the Shanghai upgrade. One challenge Ethereum has faced is bearish forces in the crypto market, like setbacks in projects such as Terra and FTX in the

2023-09-23Ethereum

Ethereum Network Staking Inflow at Validator Mula noong Pag-upgrade ng Shapella

Ethereum  Ethereum Network Staking Inflow at Validator Mula noong Pag-upgrade ng Shapella  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Since the Ethereum (ETH) network moved to the new consensus mechanism, the operations saw some shifts as well. The staking inflows and validators, what used to be miners earlier, took place in the new regime. Given that the crypto market is always moving, the changes are certain. ETH staking inflows and the number of validators have changed in the past months, as expected, after the Shapella upgrade.  Ethereum Staking Inflow Tumbled Since Shapella Upgrade  Following the Ethereum Shapella upgrade in April this year, the ETH staking inflows saw a massive jump. However, it was unable to keep up the pace and gradually settled down below the level it was during the upgrade.  According to the Dune Analytics data, the ETH inflows on April 13, one day after the upgrade rollout, were 96,256. This rose to 408,940 on June 1, 2023, making the numbers quadruple in less than two months.  On September 22, the reported ETH inflows stood at 40,963. Though it‘s not the lowest since the Shanghai upgrade, it’s more than half since then.  The staking inflows stand for the metric that gauges the number of unique or

2023-09-23Ethereum

Bumili ang mga mamumuhunan ng $250M ng FTX claims — Ulat

Tech  Bumili ang mga mamumuhunan ng $250M ng FTX claims — Ulat  10 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The bankruptcy claims market has been growing bullish on the debts of the collapsed cryptocurrency exchange FTX as major credit investors have been rushing to buy FTX debts.  Investors like Silver Point Capital, Diameter Capital Partners and Attestor Capital have purchased more than $250 million worth of FTX debts so far in 2023, Bloomberg reported on Sept. 21, citing an in-house analysis of public court filings.  The FTX debt has also attracted investors like Hudson Bay Capital Management, which reportedly bought a $23 million FTX claim and subsequently sold about 50% of it to Diameter.  In line with growing demand, the price of some FTX claims has been soaring this year. Some low-ranking FTX claims have jumped 191%, surging from $0.12 in early 2023 to about $0.35 recorded in recent weeks, the report said, citing data from the crypto debt broker Claims Market.  The historical indicative prices of “bid” and “ask” for larger FTX claims have also risen this year, according to the Claims Markets charts.  The debt investors have been piling up FTX claims, betting that the firm‘s bankruptcy process would unlock additional value by the time

2023-09-23Industriya

Ethereums prospects shift: SEC acknowledges new spot ETF application

Ethereum  Ethereums prospects shift: SEC acknowledges new spot ETF application  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Mamamahayag  ETFs have been a major topic of discussion for the last few months and have mostly revolved around Bitcoin [BTC]. This time, Ethereum [ETH] is the subject of the latest ETF-related development.  Ilan ang halaga ng 1,10,100 ETH ngayon?  The SEC has reportedly acknowledged review of two ETF applications pertaining to Ethereum. The ETF applications in question were filed by Ark Invest and VanEck.  The acknowledgement might not necessarily be an approval, but it highlights a positive step forward as opposed to a rejection from the regulatory authority.  The above outcome means there is a considerable chance that the two ETH ETF filings might receive approval sometime soon. There will be a 45-day period, during which members of the public will be allowed to issue their opinions regarding the ETFs.  While this does not constitute confirmation that the ETFs will be approved, it points towards a potential positive outcome.  An approval of the Ethereum ETFs would open the flood gates of institutional liquidity into the cryptocurrency. The subsequent demand could potentially facilitate a bullish outcome. The ETH ETFs come at a time when the cryptocurrency has been struggling to secure bullish

2023-09-23Ethereum

Ethereum’s ‘Dencun’ upgrade likely delayed into 2024

Ethereum  Ethereum‘s ’Dencun upgrade likely delayed into 2024  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereums next major upgrade, Dencun, will likely see a delayed launch according to statements from developers during a meeting on Sept. 21.  Though Dencun is largely complete, it is still under development and in need of testing. Tim Beiko, a member of the Ethereum Foundation, said that Dencun still must be deployed to a testnet. He added that the timing of this step could delay Cancuns launch on the Ethereum mainnet — where real transactions occur — into the new year.  Beiko said during the meeting:  “I think the implication is, if we don‘t do a test net before Devconnect [Nov. 13-18] … it’s probably unlikely we can do mainnet before the … Christmas holidays … and people being gone so thats probably not the best time for committment.”  Developers previously did not give Dencun a definite date, but most previous estimates suggested that the upgrade would go live before the end of 2023.  Devs consider target testnet  News of a possible Dencun delay comes shortly after Ethereums Holesky testnet experienced launch issues. Holesky continues to wait for a relaunch.  During the current meeting, Developers addressed whether the Holesky testnet will be available for

2023-09-23Industriya

Susunod na Crypto Market Boom na Mangyayari Pagkatapos ng Bitcoin Halving: Analyst

Bitcoin crypto  Susunod na Crypto Market Boom na Mangyayari Pagkatapos ng Bitcoin Halving: Analyst  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The analyst said the crypto market will see lower lows before hitting a bull rally post-halving.  A crypto analyst said the U.S. Feds recession predictions align with the next crypto bear market.   He predicted 2027 as the next bear market, around the same time the U.S. Fed pointed to a recession.   Crypto analyst Dan Gambardello said, in a recent video on YouTube, that the recent statements of the U.S. Federal Reserve mirror the future of the crypto market. According to the video, the recession prediction by the Fed aligns with the next crypto bear market.  While referencing historical charts, Gambardellot noted the similarities between previous bear and bull markets. Per the video, the U.S. Feds prediction for a “soft landing” will happen when the crypto market is expected to take “a breather.”  The “soft landing” that the analyst predicted comes right before the Bitcoin halving, which is set to happen in April of next year. Furthermore, historical data showed that the crypto markets often hit lower lows before halving.  The analyst added that the next crypto market boom would happen right after the halving. He

2023-09-23Industriya

Crypto Price Analysis Sep-22: ETH, XRP, ADA, SOL, and BNB

crypto Ethereum  Crypto Price Analysis Sep-22: ETH, XRP, ADA, SOL, and BNB  16 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Sa linggong ito, mas malapitan nating tingnan ang Ethereum, Ripple, Cardano, Solana, at Binance Coin.  Ethereum (ETH)  Since June, Ethereum has formed a large ascending triangle. However, yesterday, the price fell under this formation and closed the week with a 2% loss. This puts ETH in a difficult position as it signals this correction may just be starting.  There is good support at $1,440 and ETH may test this level before any sustained recover can be had. So far, the price action remains bearish and the resistance at $1,660 continues to hold strong.  Looking ahead, ETH is in a downtrend and this latest breakdown puts sellers in charge with little hope of a reversal at this time.  Tsart ng TradingView.Ripple (XRP)  XRP has been consolidating since mid-August and has closed the week with a 2% profit. While this is not much, this price action looks much better than ETH and makes new lows unlikely.  The current support at 47 cents has held well twice so far and buyers came every time the price tested this level. The resistance is at 57 cents and has not been seriously tested yet.  Looking ahead,

2023-09-23Ethereum

Long-Dormant Ethereum Genesis Wallet Awakens to Transfer ETH to Coinbase

Ethereum  Long-Dormant Ethereum Genesis Wallet Awakens to Transfer ETH to Coinbase  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Alex Dovbnya  An Ethereum ICO participant, inactive for nearly eight years, has transferred 32.1 ETH to Coinbase  A previously inactive Ethereum ICO participant inilipat 32.1 ETH to Coinbase, after remaining dormant for eight years. This particular Ethereum address, which appears to be linked to shemnon.eth (@shemnon), was part of the Ethereum Genesis and had initially received 200 ETH.  The sudden activity has piqued interest and speculation within the cryptocurrency community, particularly given the significant value appreciation of Ethereum since its inception.  Recent stirrings of early ETH whales  Over the past few months, several Ethereum addresses associated with the platforms initial coin offering (ICO) have shown activity after years of inaction. For instance, in July, an Ethereum ICO participant ended an eight-year hiatus, depositing an enormous 61,216 ETH, valued at roughly $116 million, into the cryptocurrency exchange, Kraken.  Furthermore, in a separate incident aligning with Ethereums eighth anniversary, another long-inactive wallet transferred 641 ETH and began staking, equating to a value of approximately $1.19 million.  Such transactions draw attention not just because of their substantial size, but due to the significant gains these early Ethereum supporters have seen.  With Ethereums ICO price being

2023-09-22Ethereum

Gumagalaw ang mga Balyena ng Mahigit $660,000,000 sa Bitcoin, Ethereum at Chainlink – Dito Patungo ang Crypto

Bitcoin crypto Ethereum  Gumagalaw ang mga Balyena ng Mahigit $660,000,000 sa Bitcoin, Ethereum at Chainlink – Dito Patungo ang Crypto  Balita ng Ethereum ng Bitcoin  Deep-pocketed crypto investors are moving hundreds of millions of dollars worth of digital assets as Bitcoin (BTC) dips below $27,000.  New data from whale-surveying platform Whale Alert shows that high-net-worth traders have abruptly moved over $660 million worth of Bitcoin, Ethereum (ETH), and Chainlink (LINK).  Nine of the 14 transactions moved digital assets to exchanges Binance, Coinbase, Gate.io and OKX.  The combined $426.9 million worth of BTC transactions on Whale Alerts radar include:  753 BTC na nagkakahalaga ng $20,027,198 na inilipat mula sa hindi kilalang wallet patungo sa Coinbase.  4,000 BTC worth $108,809,426 transferred from Bitfinex to an unknown wallet.  1,062 BTC worth $28,965,043 transferred from an unknown wallet to Binance.  2,927 BTC na nagkakahalaga ng $79,646,728 na inilipat mula sa hindi kilalang wallet patungo sa Coinbase.  3,999 BTC worth $109,277,857 transferred from an unknown wallet to an unknown new wallet.  2,925 BTC worth $80,258,506 transferred from unknown wallet to Coinbase.  Ang Bitcoin ay nakikipagkalakalan sa halagang $26,559 sa oras ng pagsulat, bumaba ng 1.6% sa huling 24 na oras.  Moving on to smart contract platform Ethereum, Whale Alert finds about $191.1 million worth of ETH transactions, including:  22,343 ETH

2023-09-22Bitcoin

New Liquid restaked token tests staking same ETH multiple times

Ethereum  Mga bagong pagsubok na Liquid restaked token na nagtataya ng parehong ETH nang maraming beses  Balita ng Ethereum ng Bitcoin  Stader Labs has introduced a new Liquid Restaked Token (rsETH) on testnet that allows users to stake the same ETH on multiple networks simultaneously.  The recently launched rsETH token builds on EigenLayer‘s restaking protocol and is designed to boost staking rewards by leveraging liquid staking tokens like Lido’s stETH and Coinbase Wrapped Staked ETH (cbETH).  Restaking enables users to earn staking rewards on ETH while retaining liquidity. During a recent interview with The Block, Stader Labs co-founder Dheeraj Borra explained the benefit of such a system.  rsETH is more than just a token; it is an entry point to more rewards and opportunities in the crypto landscape, allowing users to aggregate rewards from various different sources to maximize their holdings  Stader Labs co-founder Dheeraj Borra  The rsETH token works by letting users deposit liquid staked ETH tokens and mint rsETH representing fractional ownership. These assets are distributed to node operators within Staders network to earn a share of staking rewards.  Holders can trade rsETH on decentralized exchanges (DEXs), use it in decentralized finance (DeFi) protocols, and redeem the underlying assets anytime. The token is currently live on Ethereum

2023-09-22Ethereum
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