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Ethereum (ETH)

Polygon Announces Production Readiness of Its Plonky3 ZK Proving Technology

Polygon revealed that its new zero-knowledge (ZK) proving system, Plonky3, is ready for use. The company revealed that the open-source software is audited and secure for developers to integrate. It stated in its announcement, “Today, researchers at Polygon Labs are excited to announce that Polygon Plonky3, the next generation of ZK proving systems, is production ready and open-source licensed under MIT/Apache.” Plonky3 is a proving mechanism that lets blockchains and applications operating on...

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LI.FI Hack Causes Losses Worth Over $10 Million

LI.FI, a protocol offering bridging and swapping services between the Ethereum Virtual Machine (EVM) and Solana, was attacked by cybercriminal(s), allowing them to walk away with more than $10 million. The attack targeted smart contracts, taking advantage of bugs to steal the funds stored by them and within wallets interacting with them. Cyvers Alerts notified the crypto community about the occurrence, “More than $8M have been drained so far from users and mostly stablecoins! Attacker is...

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Here’s How ETH Could Surge Above $5,000 in 2024 After Ethereum ETP Approvals: Bitwise CIO

Bitwise Asset Management’s Chief Investment Officer has predicted that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year. The CIO suggests that ETP flows could have a bigger impact on Ethereum than they did on Bitcoin. The Road to Ethereum’s New All-Time-High According to Matt Hougan, with ETPs projected to attract $15 billion in new assets over the next 18 months and ETH...

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Clandeno (CLD) ICO Expected to 100X Amid Political Uncertainty and Bitcoin (BTC) Rebounds with Ethereum (ETH) Rallying

META: Cryptocurrency has hit a new boom showing mainstays like Bitcoin and Ethereum making big growths and this is more evident when newcomers in an exciting presale are gaining from this boom as well TLDR Bitcoin has surged past 60K showing its dominance Ethereum 2.0 helps increase its value and interest in the space Clandeno’s presale is being evaluated at 100x gains because of the growth of the space In the fast-paced world of cryptocurrency, tumultuous political events often...

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SEC Looking to Permit ETH ETFs to Launch by Next Tuesday, Apparently

Eric Balchunas, an analyst at Bloomberg Intelligence who has been covering crypto-related ETFs in the US, stated that ETH ETF issuers received word from the Securities and Exchange Commission (SEC) that they can issue their products on exchanges starting Tuesday, July 23. Issuers will have to submit their final S-1 forms by this Wednesday—the SEC relayed it had no more comments to add or questions to ask. Balchunas said on X, “hearing SEC finally gotten back to issuers today, asking them to...

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Spot Ethereum (ETH) ETFs Set to Launch Within a Week, According to Industry Sources

According to a Reuters report, three industry sources indicate that spot Ether exchange-traded funds (ETFs) are expected to begin trading on July 23. The sources also mention that the U.S. Securities and Exchange Commission (SEC) has granted preliminary approval for at least three of eight asset managers to release the spot Ether ETFs. Will Spot Ether ETFs Begin Trading Next Week? Nate Geraci, President of the ETF Store, highlighted this development in a post on X. He noted...

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This Is The Latest Ethereum Layer 2 Protocol to Surpass the $1 Billion TVL Mark

Scroll, a ZK rollup Layer 2 network, is up 23% over the past seven days to reach a TVL of $1.03 billion, according to L2Beat data. Meanwhile, the total value locked for all Ethereum Layer 2s is up 12.04% over the last week to reach $42.04  billion. Scroll Hits $1 Billion TVL Scroll has become the 8th Ethereum Layer 2 network to surpass a TVL of $1 billion. Of this total value, ETH accounts for 87.29%, stablecoins 11.11%, and other assets 1.60%. The network has recently...

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