Lido Received 31% Of Staked Ethereum Surpassing Binance

EthereumNakatanggap si Lido ng 31% Ng Staked Ethereum na Lumalampas sa Binance08 / 29 / 2022Balita ng Ethereum ng Bitcoin  According to data from BestBrokers, Ethereum staking solutions remain popular as the network gears up for “The Merge”. In the event that will complete this network transitions to Proof-of-Stake (PoS), users seem to be piling up for a shot at receiving a portion of the rewards for securing the network.  Currently, Ethereum operates with a Proof-of-Work (PoW) algorithm that requires users to participate in a process of solving mathematical problems to validate a group of transactions. This is process is known as “mining” and demands specialized hardware and technical knowledge.  Ang presyo ng ETH ay gumagalaw patagilid sa 4 na oras na chart. Pinagmulan: ETHUSDT Tradingview  Under the new consensus, users can simply stake a portion of their ETH and receive a reward for securing the blockchain, but this process is expensive. At the time of writing, users need 32 ETH or over $30,000 to become a validator.  Lido, and other top crypto exchange platforms offered their clients a solution. Rather than staking the required amount, they can stake a portion and still receive a portion of the rewards.  The study from BestBrokers shows that since

2022-08-30Ethereum

CME Group Launches Euro Based Bitcoin, Ethereum Futures

Bitcoin EthereumInilunsad ng CME Group ang Bitcoin Base sa Euro, Ethereum Futures08 / 29 / 2022Balita ng Ethereum ng Bitcoin  Derivatives marketplace CME Group had on Monday launched the Bitcoin Euro and Ether Euro futures owing to demand outside U.S.. The company earlier said Euro-denominated crypto assets are second highest traded fiat behind the U.S. dollar. CMEs Euro futures contracts are aimed at providing clients with more precise tools, it said.  CME Euro Bitcoin Futures, On Popular Demand  Tim McCourt, Global Head of Equity and FX Products, CME Group, said the decision to launch Euro products was based on strong growth in Dollar based futures. “The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts.” The Euro futures products will help clients with more precise and regulated tools to trade and hedge exposure, he explained.  “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”  CME said the new Bitcoin Euro and Ether Euro futures contracts will be sized at

2022-08-30Ethereum

Multiple Factors Behind Ethereum (ETH) Dumping Prior to Merge

Balita ng mga Editor  Whales are unloading their ETH reserves because of the anticipated deflationary trend.  The expiration of $2 billion in options on September 30 is also a big concern.  The EIP-1559 burning mechanism will cause a deflationary trend in the price of Ethereum (ETH) following the Merge. However, ETH continues to fall below $1500 even before the Merge. The pressure is coming from the expiration of about $2 billion in options on September 30 as well as from the selling of ETH by “whales,” or large investors, Feds at nagpipilit aggressive approach.  ETH/USDT: Pinagmulan: TradingView  After the Merge, Ethereum is expected to become a deflationary cryptocurrency since the supply of ETH would be cut by 90%. OKLink, an on-chain platform, reports that since the EIP-1559 went live in August 2021, more than 2.6 million ETH had been burnt. There has been about $8.5 billion worth of ETH burned thus far. With EIP-1559 in place, Ethereums yearly inflation rate has dropped by 50.77 percent.  Investors Forced to Liquidate  As a result of the anticipated deflationary trend in Ethereum post-Merge, whales are unloading their ETH reserves. Ethereum (ETH) supply owned by exchanges has surged in August, while non-exchange whales seem to be dumping their holdings. What this

2022-08-30Ethereum

Ethereum Merge is Going to be Exciting Prospect

Proof-of-Stake Will Significantly Enhance Ethereums Sustainability  Dan Morehead, CEO of Pantera Capital, emphasizes the advantages of Ethereum, or ETH switching to a proof-of-stake, or PoS consensus method. The chief executive of the crypto-focused hedge firm Pantera explains in its most recent Blockchain Letter that one impact of the networks impending Merge would be the termination of miner payouts, resulting in a drop in the daily issuance of new ETH from 14,600 to 1,600 tokens.  Morehead asserted that this would make the most popular smart contract platform a deflationary asset. Following The Merge, Ethereums daily issuance rate of 1,600 ETH, net of fees burnt, is zero. This would result in a net negative issuance of ETH after deducting validator penalties such as being sliced for misbehaving and ETH that is lost over time.  Ang posibilidad ng Ethereum being a potentially deflationary asset is intriguing given the current inflationary climate. The message continues by explaining how removing proof-of-work (PoW) will make the project more environmentally friendly. With an estimated 99.95% decrease in energy consumption, switching to proof-of-stake will significantly enhance Ethereums sustainability from an environmental, social, and governance (ESG) standpoint.  Bellatrix Update  The move away from proof-of-work, which relies on electricity and hardware as the key costs

2022-08-30Ethereum

Crypto Analyst Says Ethereum (ETH) About To Witness Huge Correction As Fed Stays Hawkish

crypto EthereumSinabi ng Crypto Analyst na Masaksihan ng Ethereum (ETH) ang Malaking Pagwawasto Habang Nananatiling Hawkish ang Fed08 / 29 / 2022Balita ng Ethereum ng Bitcoin  Popular crypto analyst Benjamin Cowen says that Ethereum (ETH) is likely facing a dramatic correction in the coming months as the Federal Reserve continues to hint at tighter monetary policy.  Cowen tells his 693,000 Twitter followers that he sees Ethereum working its way towards the logarithmic regression band.  According to Cowen‘s chart, he’s expecting ETH to continue its downtrend until it consolidates near the $600-$800 price level over the next year or so.  “I think ETH is heading home my friends.”  Cowen also sabi ni that crypto investors are refusing to accept the reality of the Federal Reserves impact on markets. According to the analyst, Fed Chair Jerome Powell has been very clear that interest rate hikes and tighter central bank liquidity are coming.  Powell has been pretty clear from the begining that the FED will continue raising rates and will not be pivoting anytime soon.  A lot of investors just have refused to believe it.  Tulad ng para sa Bitcoin (BTC), Cowen sabi ni in a recent strategy session that hes open to the scenario of Bitcoin going as low as

2022-08-30Ethereum

CNBC Claims Only One Cofounder Directly Working On Ethereum As Merge Approaches

EthereumIsang Cofounder Lang ang Inaangkin ng CNBC na Direktang Gumagawa Sa Ethereum Habang Papalapit ang Pagsasama08 / 29 / 2022Balita ng Ethereum ng Bitcoin- Advertising -  Vitalik Buterin: The Last Man Standing.  The most extensive upgrade to the Ethereum blockchain is expected to occur soon, bringing the network closer to its full potential. The eight co-founders of the Ethereum blockchain project have gone their separate ways, with only one remaining actively involved in developing the network.  Vitalik Buterin, who first proposed the Ethereum network in 2013, is the only one of the founders still directly working on the project full-time, ayon sa CNBC. He is currently the lead developer of Ethereum 2.0, the most anticipated upgrade to the network, which is set to launch in phases over the next two years.  The other seven co-founders are not actively involved in the Ethereum project and are pursuing other projects. Both Charles Hoskinson and Gavin Wood, instrumental in developing the Ethereum network, founded their rival blockchain networks – Cardano and Polkadot.  Last year, Anthony Di Iorio, who leads a blockchain-focused software firm Decentral in Toronto, abandoned Ethereum due to personal safety concerns. The other co-founders have gone on to work in a variety of sectors.  According to CNBC,

2022-08-30Ethereum

Following a 30% Drop in 2 Weeks, Wheres the Bottom for ETH? (Ethereum Price Analysis)

EthereumFollowing a 30% Drop in 2 Weeks, Wheres the Bottom for ETH? (Ethereum Price Analysis)08 / 29 / 2022Balita ng Ethereum ng Bitcoin  Any optimism for a rally is fading quickly as the Merge upgrade date approaches. Two weekly candles closed in red, warning of the formation of a bearish structure. Ethereum lost approximately 30% of its value over that period.  Ang Pang-araw-araw na Tsart  Ethereum is forming a lower low on the daily chart. The structure, followed by the formation of lower highs and lower lows, can be the precursor of continuous declines. So far, the bears managed to erase the 50% increase from July (in yellow).  Lets assume that the DXY index, which has just broken the last high, continues its upward trend. In this case, Ethereum is likely to test the horizontal support at $1,300 in the short term, which intersects with the 61.8% Fib golden level (in green).  The end of the downward trend could come only if the price forms a higher high and higher low. Until then, the bearish bias remains strong.  Mga Pangunahing Mga Antas ng Suporta: $ 1450 & $ 1300nMga Antas ng Paglaban sa Key: $ 1600 & $ 1750  Pang-araw-araw na Moving Average:nMA20: $1719nMA50: $1602nMA100: $1521nMA200: $2166  Pinagmulan:

2022-08-30Ethereum

Will Ethereum Classic Prove to be Next Best Shelter for Ethereum Miners?

With the Ethereum Merge approaching the final Bellatrix upgrade was pushed, earlier this week. Miners have started looking for alternatives since the highly-anticipated upgrade will vanish the ETH mining community.  Ethereum Classic [ETC] which follows a Proof-of-Work consensus mechanism has experienced a sudden rise in its total hashrate. In just a month, the hashrate of ETC increased by over 50%. It indicates new miners are entering the ecosystem as the Merge approaches.  There are two kinds of miners: one who wants a hard fork that will result in Ethereums PoW alternative. The other sect is happy with the existing alt.  The Increasing popularity of ETC….  The popularity of ETC is continuously growing among the mining community as is evident from the hashrate chart. Currently, in terms of market cap, ETC is in the fourth position in the list of top PoW tokens in the world. While ETC grabs the third position considering the trading volume. The Merge could probably bring change in these figures when more miners enter the ETC community.  With the increase in the total hashrate, the price of ETC rose too and it surpassed various crypto assets last month. The price of ETC started booming in mid-July from $14.17 and reached $44.67

2022-08-30Ethereum

Analyst Says Ethereum Set For A “Huge Short-Squeeze” – Here’s Why

Ethereum Funding Rates sit at a 14-month low.  CryptoQuant analyst Maartun in a Quicktake on Sunday, reveals that Ethereums Funding Rates are at a 14-month low, noting that the last time it was this low, there was a huge short-squeeze in the markets.  … Funding Rates are at a 14-month low.  The last time Funding Rates were this negative was in July 21 just before a huge short-squeeze on Bitcoin & Ethereum, the analyst writes.  Maartun explained that the low funding rates result from short-traders paying long-traders. But, according to Maartun, it could also be the result of traders hedging their spot positions as The Merge approaches.  As Ang Crypto Basic reported last Thursday, Santiment Feed nagsiwalat that short sellers appear to circulate on exchanges as The Merge approaches. These sellers could get caught in the short-squeeze if history repeats itself.  Meanwhile, in a tweet today, market analyst Ali Martinez noted that Ethereum would likely move lower to the $1,335 price point. According to Martinez, the asset is already trading below two significant supply zones. The first at $1,560, where 526K addresses bought 3.44 million ETH, and the second at $1,475, where 585K addresses bought 2.81 million ETH.  #Ethereum nakikipagkalakalan sa ibaba ng dalawang makabuluhang supply zone.

2022-08-29Ethereum

Ethereum faces another mountain to climb, at least until Merge

Pinagmulan: Glassnode  Glassnode reported on another faltering statistic for Ethereum. The Perpetual Futures Contracts volume reached a new low.  The volume dropped to a 3-month low on the exchange-giant Bitmex in the past 24 hours to $94.6 million.  This low was previously experienced in the aftermath of the credit crisis in the crypto industry back in June 2022.  Pinagmulan: Glassnode  Trader profits have also dried up in a week or so as seen in the chart below.  According to the analytics firm, Ethereum is in a very delicate position after its Merge-anouncement-related returns turned grey following the Powell speech.  On 28 August, the MVRV index value stood at -14.5% on the 30d chart as investors interest tumbled.  Pinagmulan: Santiment  Konklusyon  This completes the round-up explaining the Ethereum situation among traders as they battle for profitability.  As it stands, the Merge will be the starting point for traders on the network to build on.  The vast margins of this network still face the threat of faster and low-cost blockchains such as Solana and Polygon.

2022-08-29Ethereum
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