Experts yet to explain surge in ETH active addresses
Many people have made assumptions regarding the origin of the abrupt, jarring increase of active addresses on the network. Santiment, an on-chain measurement company, said it is still looking into what caused the unexpected rise of ETH active addresses, which has outpaced the previous ATH by a staggering 48 percent. The analytics company tweeted on […]
After 11 weeks of outflows, institutional ETH sentiment becomes positive
The greatest weekly inflows for ETH since June 2021 were recorded for the week ending on July 15 and totaled $120 million. According to CoinShares, there have been inflows into digital investment products that give exposure to Ether (ETH) for four weeks running. This suggests that institutional opinion about the asset has changed for the […]
Three Arrows Capital swaps $33M Staked ETH for Ethereum
Three Arrows Capital (3AC), a venture capital firm, has swapped $33 million worth of Lido Staked Ethereum (stETH) for Ethereum as stETH values in secondary marketplaces diverge further from ETH pricing. Since last week, Three Arrows capital is the second large holder of stETH to dump the coin. Last Monday, crypto trader Alameda Research exchanged […]
Ethereum Gas Fee Drops To Its Lowest Since July 2021
The On-Chain data shows that Ethereum is in an accumulation phase as its price suffered a drop in recent weeks. During the current market downturn, the world’s second-largest cryptocurrency, Ethereum (ETH), has experienced a significant correction. While the price of Ethereum remains around $2,000, on-chain data suggests a possible price increase in the near term. […]
What Does It Mean For Prices If Bitcoin, Ethereum Have More Unique Holders?
As their prices hovered around support levels, Bitcoin (BTC) and Ethereum (ETH) saw a rise in unique addresses. Concerns over a market meltdown have kept the two largest cryptocurrencies at their respective support levels for several weeks. The BTC price has fallen twice in the last two weeks, briefly to near $38,000 level before rapidly […]