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Ethereum (ETH)

Bitcoin Unable to Recover Decisively, Ethereum Consolidates Below $3K (Weekend Watch)

The cryptocurrency market has calmed down considerably in the past 24 hours, halting the bearish assault and finding some consolidation in the process. Bitcoin’s price is trading at around $61K on Sunday morning, while Ethereum is now firmly below the pivotal $3K level. Are the Bitcoin Bulls Regrouping? As CryptoPotato reported yesterday, Bitcoin’s price experienced a sudden correction, dropping below $61K and losing around 3.5% in a single day. This seemingly had to do with...

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What is BounceBit: Liquid Restaking on Bitcoin

The concept of liquid restaking, a topic that has gained significant popularity in recent quarters, offers users the exciting possibility to extract additional value from their staked tokens. Predominantly, however, this has been applied throughout a variety of Ethereum-based applications. BounceBit, on the other hand, is delivering a BTC restaking infrastructure designed to provide a foundational layer for various restaking products. In the following guide, we take a closer...

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Ethereum L2 Eclipse CEO Steps Back Amid Sexual Misconduct Allegations

Neel Somani, the founder and CEO of the Ethereum layer 2 blockchain project Eclipse, has announced a temporary reduction in his role following allegations of sexual misconduct. In a statement posted on May 9th, Somani addressed the accusations, asserting his innocence while acknowledging the seriousness of the situation. Somani Denies Sexual Misconduct Allegations The allegations against Somani surfaced on Twitter in the past week, prompting his swift response. He denied...

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Bitcoin: Preisprognosen sind mit Vorsicht zu geniessen

Der Bitcoin-Kurs hat in den letzten Jahren eine Achterbahnfahrt erlebt, mit steilen Anstiegen und ebenso tiefen Abstürzen. Infolge dieser Volatilität sind zahlreiche Prognosen zum zukünftigen Preis des Bitcoins entstanden. Während einige Analysten glauben, dass der Bitcoin die Marke von 100’000 US-Dollar oder sogar noch mehr erreichen wird, sind andere vorsichtiger und prognostizieren einen Rückgang auf deutlich tiefere Niveaus. Es ist wichtig zu...

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This is Why Ethereum is No Longer a Deflationary Network: CryptoQuant

Over the years, analysts and developers have touted Ethereum as a deflationary network, presenting the blockchain as ultrasound, aligning with Bitcoin’s sound money principle. However, that seems to have changed with the network’s latest upgrade. CryptoQuant analysts revealed in the firm’s latest weekly report that Ethereum ceased to be a deflationary network after the Dencun upgrade, implemented in March, which reduced the blockchain’s transaction fees by a substantial...

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Franklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions

[unable to retrieve full-text content]CoinspeakerFranklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions Besides the rising activity on SociaFi, Franklin Templeton also attributed the rise in activity on Base to meme coins and an increase in the supply of Circle’s USDC stablecoin on the network. Franklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions

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JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs

[unable to retrieve full-text content]CoinspeakerJPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs. JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs

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