Ethereum (ETH)

A recent report by Coinbase Research uncovered that restaking has emerged as the second-largest sector in decentralized finance (DeFi) on Ethereum. The study highlights EigenLayer’s restaking protocol as an important component for new services and middleware on the Ethereum network, potentially offering significant ETH rewards for validators in the future. EigenLayer’s Restaking Protocol Ethereum’s proof-of-stake (PoS) consensus mechanism is the largest economic security fund...

The latest bull market in the cryptocurrency industry seems to be underway, given that BTC has already charted a new all-time high, and the total market capitalization is close to its highest figure. Moreover, the fourth halving is anticipated to take place in about two weeks, and history shows that the event tends to serve as a catalyst for future price increases not only for BTC but for many assets as well. As such, it’s no wonder that numerous crypto analysts have outlined...

Uniswap, the decentralized exchange (DEX) pioneer, has achieved a significant milestone by surpassing $2 trillion in all-time trading volume. This achievement marks a historic moment for the platform, occurring five and a half years after its launch in November 2018. Uniswap’s $2 Trillion Milestone According to data from a Dune Analytics dashboard compiled by Uniswap’s strategy and operations lead, Zach Wong, the DEX’s all-time trading volume stands at $2,000,002,099,397 with...

Ethereum’s price has been correcting over the past few weeks after setting a local high around the $4,000 mark. While the price is yet to recover, the bull market may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating between $3,000 and $3,600. Following the recent rejection from $3,600, the market is once again targeting the support at $3,000. The Relative Strength Index has also dropped below 50%, as...

Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding the destination. Since April 1st, approximately $2.55 billion USDT has flowed into prominent...

What’s the big deal? Why are investors so interested in NFTFN’s presale? It appears as though investors have been pouring in their hard earned Ether. With more than 30 of them each spending at least 1 ETH, it’s safe to say this project means business. It would seem the allure of trading NFTs and providing liquidity is too much for these investors to handle. Whatever the case may be, NFTFN finds itself on the right side of a movement that could reshape the future...

CoinspeakerRipple Announces Plan to Launch a Multichain USD-backed Stablecoin The new Ripple-backed stablecoin on the XRPL and Ethereum networks will significantly improve XRP’s liquidity through the recently unveiled AMM. Ripple Announces Plan to Launch a Multichain USD-backed Stablecoin

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000. The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a...

CoinspeakerWormhole Bridge Hacker Was Eligible for $50,000 in W Tokens from Recent Airdrop The hacker involved in the 2022 exploit of the Wormhole ETH-SOL bridge could have received up to $50,000 from Wormhole's recent airdrop. Wormhole Bridge Hacker Was Eligible for $50,000 in W Tokens from Recent Airdrop

Litecoin is gaining pace above the $90.00 resistance against the US Dollar. LTC price is now trading above $95.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $97.40 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $103.20 and $105.00 resistance levels. Litecoin price is holding gains above $90 against the US Dollar, like Bitcoin. LTC...