Ethereum (ETH)

Blockchain scaling startup – Dymension – announced the launch of the world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia. The latest offering is part of Dymension’s roadmap to establish and bootstrap a new ecosystem of IBC-enabled rollups. The collaboration, on the other hand, will bring “superior” EVM blockchain access to the Cosmos ecosystem. IBC-Enabled EVM Rollup According to the press release shared with CryptoPotato, the...

Litecoin started a fresh decline below the $92 zone against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours). There was a break below a key rising channel with support near $96 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $92 resistance zone. Litecoin price is struggling below $92 against the US Dollar, similar to Bitcoin. LTC price could continue...

It appears that the bulls may have celebrated too early, as the cryptocurrency market took a turn for the worse. After having surged to $30K earlier today, the price took a sudden u-turn and plummeted to $27K in less than an hour. This left close to $200 million in liquidated leveraged positions in the past hour alone. Upwards of 90% of the liquidations in the past hour were longs, accounting for more than $157 million. Binance and OKX account for the majority of the volume....

Ethereum-based decentralized exchange (DEX) Merlin, which uses zero-knowledge sync (zkSync), has lost more than $1.8 million in a liquidity pool exploit hours after smart contract security firm CertiK audited its code.The hack occurred on Wednesday morning during the public sale of Merlin’s native token, MAGE, with the attacker siphoning several assets, including USD Coin (USDC), Ether (ETH), and other illiquid tokens. Merlin’s LP Drained After Code Audit A few hours after...

Fidelity Investments and Black Rock – two of the biggest investing companies in the world – are slowly expanding their reaches into the crypto and blockchain spaces. Fidelity and Black Rock Are the New Crypto Leaders Fidelity has long been a crypto player, going so far as to last year, when the space was enduring its biggest bear run in history, allow retirees and those with 401K funds to their names to use their hard-earned money to invest in digital assets like BTC and...

Arbitrum – a leading Layer-2 scaling solution for Ethereum – started distributing its governance token (ARB) on April 25th. The airdrop is part of the platform’s roadmap, which designated 1.13% of the overall 10 billion token supply for qualified DAO projects. According to the latest data, Arbitrum has distributed over 90 million ARB worth $120 million to 125 DAO wallets. Treasure DAO was the top receiver with 8 million ARB, while 60 other DAOs pocketed at least 75k ARB...

Ethereum price is struggling to recover above the $1,900 resistance against the US Dollar. ETH price is now trading below $1,900 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hour chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,950 resistance zone. Ethereum price is declining below $1,900 against the US Dollar. ETH/USD remains at a risk of...

For what appears to be the first time in about 24 months, many crypto heads and analysts are saying bitcoin – the world’s number one digital currency by market cap – will be more volatile in the coming future than its closest relative Ethereum, which has long been the number two crypto and bitcoin’s primary competitor. Bitcoin Is on the Verge of Beating Ethereum in the Volatility Dept. The funny thing about a statement like this is that throughout its short history,...

KuCoin has assured all the impacted users that it would reimburse them the amount lost while also pledging additional security measures. In the latest development, the hackers managed to briefly breach the Twitter account of the crypto exchange KuCoin thereby causing the exchange users to lose more than $22,000. Earlier today on April 24, hackers took over KuCoin’s Twitter account for 45 minutes, promoting a fake activity. Although the incident was brief, KuCoin has acknowledged that it...

After a prolonged period of consolidation without a clear direction, the cryptocurrency market has finally undergone a correction, with most coins decreasing in value. Ethereum was no exception, as its price has plunged by 14%, hitting a significant support zone. Technical Analysis By Shayan The Daily Chart Ethereum recently surpassed its prior major swing high at $2K due to its impulsive uptrend, providing a significant bullish sentiment by indicating a positive trend...