Balita sa Industriya ng Crypto at Market Trends

BTC, ETH, XRP, ADA and BNB Price Analysis for April 13

Bitcoin Ethereum　　Pagsusuri sa Presyo ng BTC, ETH, XRP, ADA at BNB para sa Abril 13　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Buyers have turned out to be more powerful than buyers today, according to the CoinMarketCap ranking.　　BTC / USD　　Ang rate ng Bitcoin (BTC) ay tumaas ng 1.64% sa nakalipas na 24 na oras.　　On the daily chart, the rate of Bitcoin (BTC) has set a new local peak at $30,614. At the moment, traders should pay attention to the closest resistance level at $30,575. If the closure happens near it, growth may continue to the $31,000 zone.　　Ang Bitcoin ay nakikipagkalakalan sa $ 30,369 sa oras ng pagpindot.　　ETH / USD　　Ethereum (ETH) is more of a gainer than Bitcoin (BTC), going up by 4.32%.　　On the daily time frame, the rate of Ethereum (ETH) has broken the resistance at $1,942. Currently, one should focus on the closure. If it happens near the $2,000 mark, the energy is supposed to be enough for a continued upward move to the $2,100 zone.　　Ang Ethereum ay nakikipagkalakalan sa $ 1,994 sa oras ng pagpindot.　　XRP / USD　　XRP is less of a gainer than Ethereum (ETH), rising by 1.19%.　　A slight rise of XRP has not affected the general technical position

2023-04-14Ethereum

How Did the Shapella Upgrade Unlock $33b and Benefit Ethereum Stakers? – Cryptopolitan

After months of anticipation, Ethereum‘s Shanghai and Capella forks, also known as the Shapella upgrade, have finally gone live. The upgrade, triggered at 22:27 UTC, and finalized at about 22:42 UTC, has introduced vital functionality to the Ethereum network, allowing those who staked ETH to withdraw their cryptocurrency from the Beacon Chain for the first time. The Shapella upgrade represents a significant step in Ethereum’s development as it transitions to the Proof of Stake consensus algorithm from Proof of Work.　　The Shapella upgrade marks the first major change to the Ethereum network since The Merge transitioned the network to Proof of Stake consensus from Proof of Work, reducing Ethereums energy consumption by 99.9% and new ETH issuance by more than 90%. Ethereum stakers now face a crucial decision about what to do with their accumulated rewards and initial position of 32 Ether.　　The upgrade was released on the mainnet at epoch 194048, and the developers will be monitoring for any potential issues with the upgrades completion. With the introduction of the Shapella upgrades, the Ethereum network has completed the Proof-of-Stake transition cycle, which has the potential to unlock previously inaccessible funds and impact the ecosystem.　　The Shapella upgrade name is a combination of

2023-04-14Ethereum

Research: TRON and gold-backed stablecoins poised for growth as Ethereum activity shrinks

After Terra USTs de-peg in May 2021 prompted fears over the safety of stablecoins, crypto advocates pointed out fundamental differences between algorithmic stablecoins and fiat-backed stablecoins, inferring the latter to be more resilient.　　However, that claim was tested recently over two different events. In March, USDC de-pegged from its dollar price, falling as low as $0.8218, as it emerged parent company Circle held $3.3 billion of deposits with the now-bankrupt Silicon Valley Bank (SVB).　　Likewise, in February, the New York Department of Financial Services (NYDFS) ordered Paxos to stop the issuance of its dollar-backed BUSD stablecoin as it investigated allegations of securities violations. BUSDs market cap valuation has been spiraling downwards since.　　Ang data ng Glassnode ay sinuri ng uncovered that stablecoin activity on Ethereum is trending down, with glimpses that TRON may emerge as the winner in this changing landscape.　　In addition, a new narrative appears to be emerging in gold-backed stablecoins.　　Stablecoin Active Addresses on Ethereum plunge　　An address is considered active when involved in a transaction as either a sender or receiver of funds. The number of Active Addresses is a measure of usage and an indicator of a particular cryptocurrencys popularity.　　The chart below shows Active Addresses for USDT, USDC, BUSD, and DAI

2023-04-14Ethereum

Bitcoin Set to Eclipse Ethereum’s 5-year Returns

Bitcoin and ether are crypto‘s blue chips. And much like tech giants Apple and Microsoft, they’ve attracted distinct and loyal communities, leading to a natural rivalry.　　Bitcoin (BTC) and ether (ETH) are also increasingly correlated. In fact, theyre moving more in tandem than ever before.　　But BTC is still the market leader. It commands almost half of the entire crypto capitalization, its dominance now at one-year highs. Thats still less than the 2018-2019 bear market, when bitcoin dominance was as high as 71%.　　ETH meanwhile makes up nearly 20%, more than double what it was when the market bottomed last cycle. Comparing returns since Apr. 2018 shows bitcoin outstripping ether for most of that interim —- until May 2021.　　Bitcoin was just coming down from reaching $60,000 for the first time, while ether was correcting after attempting to break $4,000.At that point, bitcoin had returned around 550% since the first inning of the previous bear market, going from $7,900 to nearly $51,000. Ether had just eclipsed bitcoin, having jumped more than 700%.　　Ether would hold onto that lead for practically the entire bull market and then some. Bitcoin has gained ground though, thanks to a falling ETH-to-BTC ratio (down 13.5% over the past year).　　BTC is

2023-04-14Ethereum

Ethereum Shapella update leaves $1.4B stuck in withdrawal queue

Crypto traders may have to wait weeks to withdraw funds from the Ethereum blockchain following the launch of its long-awaited ‘Shapella’ software upgrade.　　As reported by Reuters, Shapella was intended to unlock $30 billion worth of ether (ETH) staked by investors. However, according to data firm Nansen, around $1.4 billion is currently stuck in a withdrawal queue.　　Due to “security reasons,” the Ethereum blockchain can currently process around 1,800 validator withdrawals or nearly 58,000 ETH worth of exits per day. This would total around $115 million.　　Speaking to Reuters, Nansen analyst Martin Lee said, “In an extreme scenario, if theres no limits, and a large majority of validators exit, the Ethereum network would be vulnerable to attacks and bad actors. ”　　According to the website of major exchange Binance, following Shapella, users will be able to get their hands on their staked funds from April 19 but warned that the transactions could take “15 days to several weeks” to process.

2023-04-14Ethereum

Ethereum (ETH) breaks $2,000 as Stellar (XLM) and DigiToads (TOADS) eye $1

Ethereum price just broke above $2,000, hitting the key level after the Shanghai upgrade that went live on Wednesday, 12 April.　　While the top smart contracts blockchain network makes the highly anticipated move, two other coins to watch in the market are Stellar (XLM) and DigiToads (TOADS). Both XLM and TOADS are racing to reach the $1 milestone, with bulls hoping for a foothold that could push the tokens even higher.　　With investors eagerly watching the market, these three are among the best cryptos looking to continue with an upside momentum. This article offers an in-depth outlook at ETH, XLM and TOADS.　　DigiToads (TOADS): The innovative utility token with P2E gaming and NFT staking　　DigiToads (TOADS) stands out from other meme coins as it is more than just a token—its a utility token to impact society positively. By engaging in NFT staking, P2E gaming, and holding TOADS tokens, you can enjoy the best NFTs while experiencing thrilling prospects for growth and passive income.　　DigiToads features an ERC20 token that players can earn and use within the games ecosystem. With this, players can purchase new DigiToads, upgrade their existing ones, and access exclusive features and rewards.　　In the swamp arena, players can utilize the TOADS DeFi token

2023-04-14Ethereum

Top financial institutions adopt Avalanche’s Evergreen Subnet

Teknolohiya　　Ang mga nangungunang institusyong pampinansyal ay gumagamit ng Evergreen Subnet ng Avalanche　　Avalanche (AVAX) has unveiled the Evergreen Subnet, Spruce, in collaboration with several financial institutions including WisdomTree, Wellington Management, and more.　　Participating institutions will use the Spruce solution as a testnet for various applications, including on-chain trade execution and settlement, asset tokenization, and more.　　Avalanche Evergreen Subnet launched　　Avalanche (AVAX), a super fast and scalable proof-of-stake (PoS)-based blockchain network with smart contracts functionality, has announced the launch of its Evergreen Subnet, Spruce, with several institutional partners.　　Per a press release by the project, Spruce will make it possible for participating institutions, which includes T. Rowe Price associates, WisdomTree, Wellington Management, and Cumberland, to carry out various financial operations, such as on-chain trade execution and settlement, and more.　　The team claims the new Spruce testnet is designed to enable buy-and-sell-side entities to interact with the blockchain in a low-risk manner.　　Thanks to the valueless tokens available on the platform, participating institutions will be able to have firsthand experience of the Avalanche Evergreen Subnet architecture without having to risk their capital.　　Walang limitasyong mga posibilidad　　Participating institutions will be able to leverage the decentralized finance (DeFi) applications available on Spruce to carry out foreign exchange (FX) transactions, interest rate swaps,

2023-04-13Industriya

Ethereum Completes Shanghai, Biggest Upgrade Since The Merge

Ethereum　　Nakumpleto ng Ethereum ang Shanghai, Pinakamalaking Pag-upgrade Mula Noong Pagsamahin　　Ethereum‘s Shanghai update went live Wednesday, completing the blockchain’s transition to proof-of-stake.　　ETH is up 2.28% in the last 24 hours, so far defying predictions of a price drop.　　Ethereum co-founder Vitalik Buterin hailed the upgrade as the end of “the hardest and fastest” stages of the blockchains roadmap.　　Ethereum, the blockchain underpinning the second-biggest cryptocurrency ETH, successfully implemented its much anticipated ‘Shanghai’ upgrade on Wednesday. The update, also known as ‘Shapella’, enabled validators to withdraw staked ETH for the first time, and brought Ethereum significantly closer to the completion of its multi-year transition to a full proof-of-stake network.　　In a proof-of-stake system, users pledge coins as a form of guarantee to help validate new data on the blockchain in return for rewards, a process called staking. Prior to Wednesdays update, it was not possible to withdraw staked ETH or redeem accrued rewards.　　Staked ETH currently accounts for about 15% of the total supply of Ether tokens, according to crypto data platform Dune Analytics, and are worth approximately $31 billion. ETH is up 2.28% in the last 24 hours, so far defying expectations of a post-upgrade ‘wave of selling’ that would depress its price.　　Speaking at a

2023-04-13Ethereum

Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

The price of Ethereum‘s Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network’s long-anticipated Shanghai upgrade.　　Ethereum ducks sell-the-news fears　　On April 13, Ethers price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressure the Shanghai upgrade could potentially bring to the market.　　To recap: the Shanghai hard fork, also known as “Shapella,” enables users to withdraw their ETH from Ethereums proof-of-stake smart contract.　　As of 09:00 UTC, April 13, over 98,000 ETH worth around $194.8 million has left Ethereums voting balance reserves since the Shanghai launch a day ago, according to Nansen. In other words, nearly $200 million in potential selling pressure has entered the market.　　But Ether‘s price rise since the Shanghai launch suggests that the market had no problem absorbing any selling pressure arising from this event so far. It’s also possible that most users have decided to hold onto their ETH staking rewards rather than sell them in anticipation of further gains.　　About 15% of Ethereums total supply in circulation, nearly 120.4 million ETH, is currently staked.　　Interestingly, more than 70% of the ETH staked is still underwater compared to current price levels, according to

2023-04-13Ethereum

Ethereum Price Rises By 2.8% Post Upgrade: Will Withdrawals Hinder The Progress?

The Ethereum (ETH) ecosystem has successfully transitioned to a proof-of-stake (PoS) mechanism with the Shapella/Shanghai upgrade achieved at epoch 194048 at 22.27 UTC on April 12.　　The upgrade is a significant milestone for the Ethereum network, as it moves away from the previous proof-of-work (PoW) consensus mechanism to a more energy-efficient PoS mechanism.　　Ether Price Up 2.8% in Past 24 Hours　　Following the upgrade, the Ether price is up approximately 2.8% in the past 24 hours to trade around $1,924 on Thursday. The weekly bar is retesting last Augusts highs, which are considered a significant resistance level.　　Analysts Monitor On-Chain Data for Withdrawals　　With withdrawals of the 18 million staked Ether estimated at around 50,400 ETH daily, crypto analysts are closely monitoring the on-chain data to identify the pressure of sell and buy. According to data provided by token.unlock, about 695,750 Ether is currently pending withdrawal.　　Withdrawals Underway　　Following the successful Shapella upgrade, on-chain analysis platform Spot On Chain identified 17,091 Ethers worth approximately $32 million withdrawn from the staking program. The firm noted that the first 5,757 ETH have already been processed. This comes after the firm identified several ETH whale transactions that depicted bearish sentiment.　　Nonetheless, Twitter user @LucasNuzzi has identified big spot orders on Coinbase

2023-04-13Ethereum

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