Ethereum News by Thebittimes.Com

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the Ethereum (ETH) merge and how it might impact the crypto market. On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the Ethereum merge and how it might impact the crypto market To kick things off, we broke down the latest news in the markets this week Surge or purge? Why the Merge may not save Ether price from ‘Septembear’. Options data, macroeconomic catalysts and technical signals suggest a decline in Ether price is on the table despite the Merge. Ethereum’s native token, Ether (ETH), is not immune to downside risk in September after rallying approximately 90% from its bottom of around $880 in June. Can Ethereum prove analysts wrong and break out in price following the merge or has the price already been factored in and we've already seen the price spike for the end of this year? ETH Merge: CoinGecko co-founder shares strategy for forked tokens. Many believe

New report by Nansen delves into the distribution of staked ETH, respective holders and possible ramifications as The Merge looms. A report from blockchain analytics platform Nansen highlights five entities that hold 64% of staked Ether (ETH) ahead of Ethereum’s highly anticipated Merge with the Beacon chain. Ethereum’s shift from proof-of-work to proof-of-stake is set to take place in the coming days after final updates and shadow forks were completed in early September. The key component of The Merge sees miners no longer used as validators, replaced by stakers that commit ETH to maintain the network. Nansen’s report highlights that just over 11% of the total circulating ETH is staked, with 65% liquid and 35% illiquid. There are a total of 426,000 validators and some 80,000 depositors, while the report also highlights a small group of entities that command a significant portion of staked ETH. Three major cryptocurrency exchanges account for nearly 30% of staked ETH, namely Coinbase,

Elon Musk To Roll Out Audio And Video Calls On X Musk revealed in his tweet that the upcoming functionality will enable video and audio conversations on X, accommodating users on iOS, Android, Mac, and PC platforms. Notably, this capability will not necessitate the use of a phone number, which aligns with X’s role as an effective worldwide address book. Musk’s post left users wondering when the function would be available, with the tech entrepreneur just adding that it is “coming.” advertisement While this tweet might be the first direct confirmation from Musk, it’s not the initial mention of audio and video calls on the X platform. In July, Andrew Conway, a designer at X, shared screenshots showcasing the feature in action, generating anticipation among users. Musk’s revelation follows closely after Linda Yaccarino, CEO of X, disclosed in an interview with CNBC that the platform was preparing to introduce video calling capabilities. This development is in line w

According to BitMEX CEO, Alexander Höptner, institutional investors are still bullish on crypto and Ethereum. Höptner spoke at the Token2049 conference in Singapore and highlighted that the institutional push into crypto has not slowed down during this bear market. Hö ptner added that institutions will be purchasing and storing cryptocurrency assets since adoption for the banking business has a long horizon. However, the retail sector is now the contrary. Moreover, the BitMEX CEO thinks that institutions will begin piling up on Ethereum (ETH) ever since the project transitioned to a PoS (Proof-of-Stake) model. Now, ETH uses nearly 99% less energy than before. Being environmentally friendly and aligning with ESG (Environmental, Social, and Governance) concerns, makes the asset very attractive. Höptner called Ethereum the “ideal protocol to build stuff on.” However, the ESG alignment is of the most importance, the CEO says, as it can check the boxes that were previously unchecked.

Lido Staked Ether (st ETH ), Ethereum’s ( ETH ) largest liquid staking program, has finally caught up to ETH . Lido’s st ETH began dipping in June after the summer 2022 crypto market crash. The token fell by nearly 7% at that time. After the highly anticipated transition to PoS (Proof-of-Stake), st ETH began to rally. After Lido raised st ETH ’s staking APR from 3.85% to over 5.5%, the token took off. The token has regained much of the lost value, going for almost 0.99 st ETH per ETH . Source: Dune Holders of Ethereum who secure their ETH on Lido’s liquid staking platform are offered stETH tokens. Moreover, the stETH ERC-20 coin can be traded by holders much like ether. Lido currently has almost 4.4 million ETH staked, and it has given out around 143,000 ETH in rewards to stETH stakeholders. With 30% of all liquid staked Ethereum, it is the largest ETH liquid staking pool. However, LDO, the LidoDAO’s governance token, exists totally independently of stETH. Owners of LDO tokens

After months of anticipation, September 15, 2022 finally saw the merger of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer. The Merge finally ushers in the days of Ethereum’s proof-of-stake (PoS) consensus mechanism. This renders defunct the proof-of-work (PoW) consensus for the Ethereum network. In his celebratory and congratulatory tweet , Ethereum’s co-founder, Vitalik Buterin, said the Merge “is a big moment for the Ethereum ecosystem.” And the NFT community did not hesitate to prove this fact. And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today. — vitalik.eth (@VitalikButerin) September 15, 2022 Merge-Inspired Creations: From NFTs to Artworks to Songs Moments after the Merge, a user purchased the first PoS NFT for 36 ETH (~$60,000). The NFT tagged “ The Transition ,” which bears a panda’s face, is a time capsule showing the moment of the

The crypto market was on the cusp of clinching $1.1 trillion a day ago. However, at press time, the market was yet again characterized by weakness. On the daily timeframe, almost all crypto assets were trading in the red. The grayscale-induced rally pushed the total market cap and altcoins like XRP to their resistance ceiling [yellow]. However, they failed the retest and could not break past its ceiling. Bitcoin and Ethereum, on the other hand, did not even proceed towards the test zone, despite the rally. At press time, most assets were trading below their 20, 50, and 100 EMAs, another bearish sign. An uptrend will only fructify for the assets in the crypto market when they manage to convert their downtrend resistance line into support. BTC/USDT, ETH/USDT, XRP/USDT, Crypto Total Market Cap by TradingView Also Read: Bitcoin Derivatives Volume Rises to $1.4 Million Should Crypto investors have FOMO? The recent rally was led by derivatives market volumes. The spot market d

The S&P 500 and Bitcoin bounced off their nearby support levels, indicating that the bulls have not given up and are possibly buying the dips. The 10-year Treasury yield in the United States rose to its highest level since 2008. Although this type of rally is usually negative for risky assets, the U.S. stock markets recovered ground after the Wall Street Journal reported that some officials of the Federal Reserve were concerned about the pace of the rate hikes and the risks of over-tightening. While it is widely accepted that the U.S. will enter a recession, a debate rages on about how long it could last. On that, Tesla CEO Elon Musk recently said on Twitter that the recession could last “probably until spring of ‘24,” and added that it would be nice to spend “one year without a horrible global event.” Bitcoin’s (BTC) price has witnessed a massive drop from its all-time high but its hash rate remains strong. This has increased Bitcoin’s discount relative to its

BNB Chain had the most incidents during the quarter, while Ethereum saw the largest amount lost. Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by Blockchain Security firm CertiK in its quarterly report. The losses were significantly lower than in 2022’s first and fourth quarters, when Hackers took around $1.3 billion and $950 million, respectively. According to CertiK, the low amount of losses may be linked to events happening off-chain that had an impact on the crypto industry as a whole, such as the issues with Silvergate Bank and the depegging of USD Coin (USDC) at the height of the Silicon Valley Bank collapse. Out of the funds stolen within the quarter, over $31 million was lost to 90 exit scams, while more than $222 million was lost in 52 flash loan and oracle manipulation exploits. Regarding incidents and the amount lost per blockchain, CertiK highlighted that BNB Chain had 139 incidents,

Highlighting their concerns, the DOJ underscores that numerous disclosures fall short of presenting the experts’ core opinions. Furthermore, many fail to provide a solid foundation for these opinions, a crucial stipulation per the Federal Rules of Criminal Procedure 16.  advertisement Additionally, the DOJ‘s concerns continue since they assert that some disclosed opinions might be unfit for expert testimony, either lacking in sound methodology or simply being irrelevant, potentially skewing the jury’s perspective. DOJ Challenges and Counter-Challenges Intensify Among the experts are Lawrence Akka, Thomas Bishop, Brian Kim, and four other notable personalities from the legal sector. These experts were slated to share insights on various topics, from FTX and Alameda Research’ s terms of service to the intricate nuances of blockchain technology. However, the DOJ remains resolute as they are challenging Joseph Pimbley’s expertise on FTX’s code, citing it as