Ethereum (ETH)

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Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over...

The number of celebrities and well-known public figures supporting Pavel Durov after his controversial arrest in France earlier this weekend has skyrocketed. Some of those include Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. Durov’s Arrest CryptoPotato reported earlier today Durov’s arrest in France on Saturday evening, which, according to local media, was because the popular messaging app he runs failed to moderate the content. He faces up to 20 years...

TL;DR Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance. The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process. Happy Birthday, Shibarium Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering...

Polygon’s Discord channel was hacked today, with one team member asking users not to click on any links on the group. A user has stated they lost $150,000 from their Ethereum pool because of this hack. The official Polygon Discord channel was hacked earlier today. Its chief information security officer, Mudit Gupta, warned users of the incident. “PSA: Do not click on any links in the @0xPolygon community discord until further notice. It has been compromised and we’re trying to get back...

AAVE outshined every crypto in the market, rising by 48% in the past month. New proposals brought to the protocol by its governance participants have kicked off the token’s rally. DeFi protocol Aave’s native token AAVE has caught the industry off guard, outperforming every top 100 crypto asset in the past four weeks. Its price has risen by over 48%. To put how impressive that is into perspective, the runner-up–Helium’s HNT–token has witnessed a price increase of 21%. AAVE’s price at the time...

The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis, titled “150 Days After Dencun,” revealed that since the fee-reducing upgrade, there has been a notable...

Ethereum has been facing significant resistance at the $2.8K level, which marks the lower boundary of a multi-month wedge pattern. The price action suggests that it might be completing a pullback, potentially driving the price down toward the $2.1K threshold. By Shayan The Daily Chart Ethereum has been grappling with the multi-month wedge’s lower boundary at $2.8K for several weeks, suggesting a possible pullback completion. After retracing toward this key resistance level,...

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Berlin, Germany, August 23rd, 2024, Chainwire Pepe Unchained (PEPU), a new meme coin project, has raised over $10 million during its presale event. The project, which is developing a Layer-2 solution on the Ethereum blockchain, has reported significant funding and community interest by promising faster transactions, reduced fees, and staking rewards. Pepe Unchained Passes $10M Presale Milestone Ahead of Planned DEX Listing The presale allows early investors to buy the native PEPU token...