ETH Burning Protocol Sets New Single-Day Historical Record, Over 69,200 ETH Burnt
ETH burned today exceeded 69,200 ETH with the net issuance of ETH at -61,600. Both set new ETH burning protocol single-day historical records Below the $2,850 pivot level, Ethereum, the world’s largest altcoin, took a bearish path. In fact, during the market’s wider correction, ETH traded below the $2,800 support level. Before the bulls appeared […]
Why Do Ethereum Mergers Love Lido?
Ethereum mergers love Lido because, unlike previous staking services, it returns a token called Staked ETH, which may be plugged into multiple DeFi protocols. On April 12, Ethereum core developer Tim Beiko announced on Twitter that the world’s second largest cryptocurrency network had reached the “last chapter of [proof-of-work].” If you haven’t heard about this […]
ETH 2.0 Deposit Contract Holds 10% Of The Total Circulating Ethereum Supply
Once proof-of-stake is implemented later this year, ETH 2.0 deposit contract can be unblocked to increase Ethereum processing speed. On Friday, the deposit contract for staking Ethereum (ETH) on the Beacon chain had a balance of 12 million ETH. The total value of Ether locked in the Eth2 contract is approximately $34.5 billion. The deposit […]
ETH Related Products See Institutional Outflows Worth $169 million
Ethereum investment products continued to be the worst-performing for institutional investors in 2022. ETH products have lost nearly $169 million in institutional investment so far this year The Worst-Performing Products For Institutional Investors In 2022 Outflows from crypto investment products slowed slightly last week, owing to a slight improvement in sentiment among institutional crypto investors. […]
Scott Free Productions Joins Ethereum Movie Project
Scott Free Productions, a film and television production business co-founded by filmmaker Ridley Scott, whose 2000 film Gladiator won the Academy Award for Best Picture, has joined the effort to develop a film on the Ethereum (ETH) blockchain’s birth and rise. Shyam Madiraju will write and direct the film, which is based on Camila Russo’s […]