Ethereum (ETH) Price Drops 13%, Here’s Why Slip To $1,016 Is Detrimental
Ethereum (ETH) has been under pressure lately as it dropped about 13% in one day to trade at $1064 and is also on the verge of a huge selloff if it plummets further to $1016. As big lenders liquidate positions, the massive selloff will be triggered by the liquidation of Three Arrows Capital. If the […]
Ethereum Whales Acquire $550 million FTX Tokens Amid Market Crash
The FTX token (FTT) has been under a lot of strain as the cryptocurrency market has been collapsing. However, despite the price drop, some of the largest Ethereum (ETH) whales have purchased more than $550 million worth of FTT tokens. About 15 million tokens are being moved in single transaction An ETH whale dubbed “BlueWhale0116” […]
Ethereum Network Delays Difficulty Bomb As Adoption Rate Grows
The goal of the difficulty bomb is to make Ethereum mining less profitable so that miners won’t do it before the long-awaited Merge. Ethereum network developers have decided to postpone the difficulty bomb, a major step toward the layer-1 blockchain’s highly anticipated Merge upgrade. According to core developer Tim Beiko in a June 11 tweet, […]
Here’s Why This Ethereum Layer 2 Token Faces Dump At Launch
The governance token of the HOP Protocol declines in value on launch on Friday, as traders seemed to be abandoning the token after it was airdropped. With approximately 12,000 addresses claiming the airdrop, the Ethereum Layer-2 protocol launched an airdrop for users . About 20 million HOP tokens have been claimed, accounting for approximately 37.51% […]
Lido Staked Ethereum (stETH) Price Falls, Depegs From Ethereum Trade Ratio
Lido Staked Ethereum (stETH), a token representing staked Ethereum on the defi platform Lido, has depegged significantly in the last 24 hours. Lido Staked Ethereum (stETH) has dropped nearly 4% in the last 24 hours to $1,695.28. It is expected to trade at a 1:1 ratio to Ethereum, which is currently trading at $1,771.43. On […]