Live Ethereum Dencun Upgrade Pulls ARB, OP and MATIC up
And so it happened! The Dencun upgrade on the Ethereum blockchain has been successfully implemented, significantly impacting the performance and valuation of tokens associated with layer-2 scaling solutions such as Arbitrum, Optimism, and Polygon. Arbitrum, a leading force in Ethereum’s layer-2 scaling ecosystem, witnessed remarkable growth around the time of the Dencun launch. The platform’s […]
Ethereum Dencun Upgrade Goes Live on Mainnet
Ethereum Dencun Upgrade, expected to substantially improve Ethereum’s scalability and substantially reduce network transaction fees of layer-2 networks, has officially gone live on March 13, 13:55 UTC. Although the Dencun upgrade represents progress, it does not address every limitation of layer-2 solutions, according to Arthur Breitman, co-founder of the Tezos blockchain. He communicated with Cointelegraph: […]
Optimism Foundation Sells $90M Worth of Tokens in Private Sale
Optimism Foundation disclosed that it sold approximately 19.5 million of its governance tokens at $4.62 and a total of $90M in a private deal. At the time of writing, the market value of Optimism (OP) tokens is approximately $4.62, placing their total worth at roughly $90 million. The foundation’s announcement regarding the sale of a […]
CFTC Chair Contradicts SEC on Prometheum’s Ethereum Custody
Concerns have been raised by CFTC Chairman Robert Behnam regarding Prometheum’s request to the SEC for the custody of Ethereum as security. Contrary to the Securities and Exchange Commission (SEC), the chief of the commodities regulator has disputed Prometheum’s Ethereum (ETH) assertions. Permitting one of its registered firms to hold Ethereum in custody, he cautioned, […]
Ethereum Funding Rate Rises, ETH Price Ready for Rally
The increase in Ethereum funding rates suggests that traders are optimistic, as ETH price approached $4,000 before the Dencun upgrade. Ethereum (ETH), the second-largest cryptocurrency in the world, maintains its ascent to $3,900, advancing an additional 7%. At the time of writing, the price of Ethereum is $3,775 and its market cap has surpassed $450 billion. Funding Rates […]