Ethereum (ETH)

Vitalik Buterin, the co-founder of the Ethereum network, has expressed his unhappiness about the celebrity meme coin experiments in this bull cycle. According to a tweet by the Canadian-Russian computer programmer, he would deem the meme coin projects more honorable and respectable if they had a public goal and were geared toward pushing specific causes in a better direction. Celebrity Meme Coin Craze Over the past few weeks, several celebrities, including Olympian and media...

With meme coins creating buzz all year, whales have doubled down on accumulating these tokens. One such whale has been massively accumulating Shiba Inu (SHIB) tokens, spending 4,849 ETH, worth around $18.44 million, to purchase a whopping 715.9 billion SHIB over the span of just six hours. This is an extraordinary buying spree, even for this particular investor, who has been incredibly successful with SHIB in the past. SHIB Accumulation Spree According to Lookonchain’s...

Avail, a project bringing a data availability layer network to the growing modular blockchain ecosystem, has secured $43 million through Series A funding from Cyber Fund. The project will compete with other big names in the DA niche like Celestia. Founded by Polygon co-founder Anurag Arjun, Avail looks to address the scalability issues associated with present-day blockchain builds. The project will ensure newly developed layer 2 networks move away from monolithic builds and utilize its data...

Polygon Labs has acquired Toposware, a Zero-Knowledge (ZK) startup, which has been working on its type 1 prover technology for some time now. The acquisition comes as Polygon Labs’ third one – it has acquired Mir Protocol and Hermez Network. It paid over $650 million in total for both those projects. With the Toposware acquisition, Polygon Labs’ investments in the ZK ecosystem go beyond the billion-dollar mark. The company has focused on delivering scalable technologies to improve the user...

Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In an update on June 3rd, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the reasoning that it is “impossible to agree on a group of people perceived as credibly neutral by nearly everyone.” Matter Labs Drops “ZK” Trademark Effort Matter Labs had previously filed to trademark the term zero-knowledge...

Ethereum is seeing a turnaround in sentiment owing to the SEC approval of a spot Ether ETF that is set to go live sometime next month. According to CoinShares’ latest report, Ethereum-based investment products experienced a second consecutive week of inflows marking a reversal from a 10-week outflow streak amounting to $200 million. Over the past week, Ethereum saw $33.5 million in inflows which pushed its monthly inflows upwards of $21 million. Altcoins Follow Ethereum’s...

Ethereum’s price has spiked significantly following its ETF approval. However, the market is yet to break its recent high. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to continue its upward trajectory. Yet, with the Relative Strength Index still showing values above 50%, the momentum is seemingly...

CoinspeakerAustralia to Debut First Spot Bitcoin ETF on June 4 Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.  Australia to Debut First Spot Bitcoin ETF on June 4

CoinspeakerVelocore DEX Offers Exploiter 10% White Hat Bounty after $6.8M Hack The protocol reached out to the hacker via an on-chain message, offering a 10% white hat bounty for the return of the remaining funds by June 3, 2024, 08:00 UTC. Velocore DEX Offers Exploiter 10% White Hat Bounty after $6.8M Hack

As Ethereum enjoys a boost from newly approved spot ETH ETFs, drawing significant investor interest, Solana’s validators are also set to increase their earnings from enhanced transaction fees due to a recent fee adjustment approval. Amid these developments, BlockDAG has dazzled the cryptocurrency world with its prominent global events in places like Piccadilly Circus and Shibuya Crossing, dramatically boosting investor confidence and propelling its presale achievements. Now, in presale Batch...