Friday, December 9

Ethereum

Ethereum Sees 135,780 New Addresses Popping Up On The Network, Potential Breakouts
Ethereum

Ethereum Sees 135,780 New Addresses Popping Up On The Network, Potential Breakouts

In a recent tweet by the on-chain analytics firm, Santiment Feed, there have been an additional 135,780 new Ethereum addresses recently created making the total wallet previous record of Jan 3rd by 11.1%. https://twitter.com/santimentfeed/status/1579186559483772928 Ethereum Adds New 135,780 Addresses, Santiment Noted Santiment noted; “Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network,” Santiment tweeted. “This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Utility rises commonly foreshadow potential asset breakouts.” Read Also: Zaradar's Terra Classic Re-Peg Proposal Is Finally Out, Terra USD's Price And Tokens Market Cap Spikes However, the Santiment could not explain the reason for th...
Ethereum Now Tops The List Of The Most Staked Crypto Assets
Ethereum

Ethereum Now Tops The List Of The Most Staked Crypto Assets

The staking platform of the second-largest crypto assets has been receiving massive stakes since the network upgrade. Per the recent news, Ethereum wins the trophy to be one of the most staked crypto assets. Most Staked Crypto Asset The news comes following the successful merge event of the Beacon Chain Consensus Layer incorporated with the Ethereum Execution Layer. Read Also: Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours There has been a lot of breakthrough from reporters concerning the merger in favour of the Ethereum network. This announcement is yet another achievement specifically for the smart contract compatible with the blockchain network. Since the whole digital space has ...
Ethereum’s Price Experiences A Spike Following The Whales’ Deposit On Exchanges
Ethereum

Ethereum’s Price Experiences A Spike Following The Whales’ Deposit On Exchanges

Contrary to the expectation of the crypto industry, Ethereum's Price has not been encouraging post-merge, although there has been an increase in price which was traced to the massive deposit made by the Ethereum whales. In a recent tweet made by the CryptoQuant, the recent spike in price from the low $1,300 to $1,353 is traced to the massive deposit made by the Ethereum whale into the exchanges. Read Also: The LUNC Community Is Displeased With The Idea Of Terra Classic Re-Peg Proposal: Here's Why Per CryptoQuant; “Whales deposit Ethereum into the exchange and raise prices to sell it at a higher price,” he asserted. https://twitter.com/cryptoquant_com/status/1577128372278378498 CryptoQuant also noted how the Whale behaviour has in times past led to an Ethereum price p...
A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours
Ethereum

A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours

Per Whale Alert, the whale tracking platform, over 270,000 Ethereum has been sent to central exchanges within the space of 2 hours post-merge. Over 20,000 ETH Were Sent To FTX Over 20,000 Ethereum were sent to FTX in the first two transactions. The first transaction sent 12,497 ETH worth $17 million was transferred, followed by 8,426 ETH worth over $11.5 million, just 9 minutes later. Read Also: An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase https://twitter.com/whale_alert/status/1572020511747743744 https://twitter.com/whale_alert/status/1572022883815235586 A Whopping 250k Were Sent To Binance Another whooping 250,000 Ethereum worth over $338 million were sent to Binance as stated by Wha...
Ethereum’s Merge Is Now Live, It Will Causes A 0.2% Reduction In The World Electricity Usage
Ethereum

Ethereum’s Merge Is Now Live, It Will Causes A 0.2% Reduction In The World Electricity Usage

The long-awaited Ethereum merge has now gone live. Ethereum has successfully transformed from the Proof-of-Work into Proof-of-Stake as the merge goes live. The new development was shared by Ethereum’s Vitalik on his Twitter handle saying;  “And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.” Read Also: LUNC Burn Says LUNC Has No Association With Do Kwon https://twitter.com/VitalikButerin/status/1570306185391378434 Per Wu Blockchain: “The first Ethereum PoS block (height is 15537394) is produced, and the package validator is: 0xeee27662c2b8eba3cd936a23f039f3189633e4c8. The last Ethereum POW block was mined by F2pool.” Many pundits have often described the upgr...
As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future
Ethereum

As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future

As the Ethereum Merge approaches, CME Group, the world’s top derivatives marketplace announces the launch of options on the Ether future. Per the statement of Tim McCourt, the Global Head of Equity and FX Products, CME Group, as Market participants long for the upcoming merge, a potentially game-changing update of one of the largest cryptocurrency networks, interest in Ether derivatives is surging," Read Also: A Top ETH Whale Acquires Over 536.51 billion SHIB From Coinbase And Binance In The Past 24 Hours Tim stated: "The launch of our new Ether options contracts is particularly well-timed to provide the crypto community with another important tool to gain access to and manage exposure to ether. Our new options contracts will also complement CME Group's Ether futures wh...
Shadow Fork 13, The Final ShadowFork  Was Successful In Preparation For Merge, Goggle Starts A Countdown Timer For Merge
Ethereum

Shadow Fork 13, The Final ShadowFork Was Successful In Preparation For Merge, Goggle Starts A Countdown Timer For Merge

According to the tweet by Nethermind (Ethereum’s developers), he confirmed the successful completion of the final requirement, the shadow fork 13 which is highly required for the merge. https://twitter.com/nethermindeth/status/1568165172908261377 Shadow Fork 1 Was Implemented On April 11th, 2022 Recall, that the shadow fork aid developers in stress test synchronization assumptions to ensure the network in the course of the Ethereum upgrade. As far back as April 11th, 2022, Ethereum developers launched and implemented the Shadow fork 1. Read Also: SpendTheBits Is launched On The XRPL To Allow Faster And Low-Cost Bitcoin Transaction With Merchants, Who Accept Bitcoin As A Payment Method It is worth noting that the 13th shadow fork came after almost six months after the firs...
A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge
Ethereum

A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge

According to Whale Alert, the cryptocurrency whale tracking platform has closely watched the transaction involving the second largest cryptocurrency in the world. As stated on the official handle of the Whale alert, a massive amount of 260,000 Ethereum was deposited on Binance in the hours leading up to press time.  Read Also: A Mysterious Wallet Acquired A Whopping 3.37 Trillion SHIB https://twitter.com/whale_alert/status/1567182144409042948 At the time of the transaction, the total Ethereum moved was worth approximately $434.18 million.  The massive movement of Ethereum across exchanges like Binance is because of the Merge that is fast approaching. It is no news that the Ethereum network upgrade is coming up this month as stated by the Ethereum developers. ...
Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September
Ethereum

Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September

The recent tweet by Ethereum’s founder, Vitalik Buterin, stated the Bellatrix kicks off today while the merge is still expected to come to life around September 13th to 15th. https://twitter.com/VitalikButerin/status/1566993505326710785 Ethereum’s Buterin stated;“The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important, though – make sure to update your clients!”  Recall, The merge road to the mainnet must be activated in two phases which include the Bellatrix, at an epoch height on the Beacon Chain and Paris, upon hitting a Total Difficulty value on the execution layer. Read Also: LEASH Token Is Now Officially Live On BlueBit.io In Addition To Three Oth...
Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches
Ethereum

Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches

According to the WuBlockchain, over 94,000 ETH was staked on the 1st of September, the ATH since May. Although, the data by Oklink put the value at 94,997 ETH at an average price of $1,543.51. The amount of ETH on the Ethereum 2.0 staking contract has now surged to about 13.522 million. Read Also: Cardano's ADA Becomes The First Among 3,870 Largest Crypto In Terms Of Social And Market Activities WuBlockchain tweeted;“On September 1, 94,000 new ETHs were staked in a single day, the largest single-day staked since May this year. At present, the number of staked Ethereum consensus layer contract addresses has increased to 13.522 million, accounting for 11.3%,”  https://twitter.com/WuBlockchain/status/1566627079403081728 It is well noted that whenever there is a high stake ...