Rune Christensen Suggests Selling off $3.5 Billion in USDC Reserves
Vitalik Buterin, who is bullish on Ethereum, branded the suggestion made by Rune Christensen a “bad idea.” Recently, Rune Christensen, a co-founder of MakerDAO, suggested eliminating all USDC from the DAI stablecoin’s peg-stability module. He advised that the $3.5 billion of USDC contained inside be utilized to purchase ETH instead. Even though such a transfer […]
ETH whale transactions reach 2-month high amid Goerli testnet merger
Ethereum transactions have reached a 2-month high of $1,919 as institutional investors saw weeks of inflows amid the Goerli testnet merger. The transfer from Ethereum’s testnet to the mainnet was successfully completed with the merger of the Goerli testnet into the proof-of-stake (PoS) network. The mainnet transfer scheduled for September 19 may occur as planned […]
Optimism TVL surpasses $1 billion ahead of The Merge upgrade
Ethereum layer-2- scaling solution Optimism has surpassed $1 billion in total value locked (TVL) which is nearly 300% M/M as The Merge upgrade approaches. Total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has increased 284 percent in the last month, according to data from DefiLlama. Users lending and borrowing […]
Reddit, FTX partner to introduce ETH-based community points
Reddit is looking to accept cryptocurrency payments thanks to a new agreement with the FTX exchange, customers will be able to utilize FTX Pay to buy Ether (ETH) through compatible Reddit apps. In a joint statement on Tuesday, Sam Bankman-Fried’s cryptocurrency exchange FTX and Reddit stated that the platform would incorporate Reddit’s Community Points in […]
Zipmex set to resume Bitcoin, Ethereum Withdrawals
Crypto Exchange Zipmex is set to Re-Open Ethereum, and Bitcoin Withdrawals following a July withdrawal halt. The new date for resumption is set as August 11 and August 16 for ETH and BTC respectively. On July 20, Zipmex stopped processing withdrawals from the marketplace, claiming financial difficulties brought on by its exposure to Celsius and […]