Eden Network, an Ethereum protocol that aimed to mitigate the negative effects of MEV, has announced it is winding down all of its services. The team stated the decision was made due to intense competition and high operating costs in the MEV-Boost relay and block-building market, which made it unsustainableContinue Reading
A group of influential Ethereum whales, known as “7 Siblings”, has sold 19,461 ETH valued at US$88.2M in a 15-hour period, according to blockchain analytics. This is part of a deliberate asset management strategy; the group had previously accumulated over 103,543 ETH and is now moving funds through multiple wallets.Continue Reading
Bitcoin has set a new all-time high above $124,000 USD, reclaiming attention despite modest daily gains of just 0.17%. Ethereum continues its stellar month, sitting less than 2% away from breaking its previous all-time high after nearly four years. The broader crypto market is thriving with double-digit weekly gains acrossContinue Reading
US Ethereum ETFs recorded massive net inflows of more than US$1 billion on Monday, significantly outperforming Bitcoin ETFs which saw only US$180 million in inflows. Ethereum has surged 8% daily and 30% weekly to trade at US$4,673, while Bitcoin managed modest gains of 0.2% daily and 5% weekly at US$119,329.Continue Reading
Billionaire investor Peter Thiel has acquired a 7.5% stake in the Ethereum treasury company, ETHZilla, which until just a few weeks ago was a biotech firm known as 180 Life Sciences. News of Thiel’s investment in ETHZilla became public Tuesday and it immediately sent the firm’s stock price sky-rocketing, closingContinue Reading
Ethereum core developer Federico Carrone was released after being detained for 24 hours in Turkey on accusations of “helping others misuse Ethereum”. Carrone believes the arrest was connected to a 2022 academic paper he co-authored that analysed privacy protocols on Ethereum and Tornado Cash. His case highlights a growing trendContinue Reading
Former BitMEX CEO, Arthur Hayes, has bought back into ETH to the tune of US$10.5 million after having sold US$8.32 million worth of the cryptocurrency just days earlier at a significantly lower price. Hayes’ reversal came after ETH surged significantly after his sell-off, rising from around US$3,507 at the timeContinue Reading
Ethereum (ETH) is leading a new altcoin season, with its price surging almost 50% in the last month to trade at around US$4,271. The rally is fueled by strong institutional interest, with Ethereum ETFs accumulating US$8.7 billion in inflows over the past year. Analysts believe this could be the startContinue Reading
With enhanced returns and yield exposure, Ethereum-focused corporates are taking the lead over spot ETFs. Standard Chartered projects further growth in ETH treasury participation. ETH currently trades at US$3,652 (AU$5,597), with a US$4,000 (AU$6,128) year-end target. Standard Chartered believes Ethereum treasury firms are outperforming US spot ETFs by providing superiorContinue Reading
EIP-7999 proposes a single, fungible max fee to cover multiple Ethereum transaction resources. The upgrade could further improve cost-efficiency and maintain Ethereum’s competitive edge. It would build on past improvements like EIP-7706 and gas normalisation research. Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced a new proposal, EIP-7999,Continue Reading
