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Ethereum (ETH)

Coinbase’s Layer 2 Base Stands Out as Top Choice for New Capital

Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have witnessed relatively steady activity since the beginning of the year. However, the latest analysis by IntoTheBlock revealed that Base continues to be the primary attraction for new capital. Investors Flock to Base Over the course of this week, net ETH deposits into the Base have exceeded 6,500 ETH, marking a...

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Ethereum (ETH) Capital Inflows Pales in Comparison to Bitcoin (BTC)

During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March 14, Glassnode observed a surge in speculative activity. As per its latest on-chain weekly report,...

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Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash

The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The hacker sent the Ether in batches while still holding over $180 million worth of assets across different blockchains. Poloniex Hacker Launders 1,120 ETH According to data from Arkham Intelligence, the Poloniex hacker transferred 100 ETH in 11 batches to Tornado Cash, brining to the total to 1,100 ETH (worth...

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Apu Apustaja Embarks on Its Journey as a New Memecoin on the Ethereum Blockchain

[PRESS RELEASE – Arizona, United States, May 7th, 2024] Apu Apustaja, the widely recognized internet meme, has expanded its influence into the cryptocurrency market by transitioning into a memecoin. Known for its extensive popularity online, Apu now seeks to establish its presence on the Ethereum blockchain. On March 11th, 2024, Apu Apustaja was officially launched as a cryptocurrency, marking its entry into the digital currency space. This launch represents a significant...

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Hong Kong Bitcoin ETFs See First Outflows Since Launch

Hong Kong’s Bitcoin ETFs experienced their first setback after launching on April 30, following their first cumulative daily BTC outflows on Monday. The outflow came from the China Asset Management Bitcoin ETF, while the other Hong Kong-based products had no flows. Hong Kong ETFs See Modest Inflows According to Farside data, the China AMC Bitcoin ETF saw an outflow of $4.9 million on Monday. In contrast, the other Bitcoin and Ethereum ETFs in Hong Kong reported “zero” flows...

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Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

[PRESS RELEASE – LOS ANGELES, United States, May 7th, 2024] Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution into a pioneering Layer 2 solution on the Ethereum blockchain. This evolution is poised to...

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