Ethereum's Fate Hangs in Balance as Exchange Deposits Spike to An 8-Month High

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continued to trade flatly towards the weekend, extending a two-week-long period of lacklustre price volatility. Since plunging following the Shanghai-Shapella upgrade, the asset’s outlook has continued to weaken, with its price bouncing between $1,825 and $1,930. This weakness has resulted from various issues, key among them exchange inflow, which could be fuelling […]

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Ethereum Mints More Sharks and Whales Amid Discounted Prices

Despite being off to a good start this month, Ethereum has witnessed a significant pullback. Mid this month, the cryptocurrency surged to a ten-month high of $2,140 thanks to the hype around the Shapella upgrade before collapsing by roughly 17%. Nonetheless, whereas such pullbacks are historically appreciated, especially considering investors often “buy the rumour and sell the news”, some signs […]

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The Shanghai Upgrade Could Spark Decentralization In Staking As Big Guns Are Forced To Step Back

The Shanghai update has been implemented in the Ethereum blockchain giving validators access to their staked assets and rewards. The SEC and CFTC hounding down on the staking arm of digital asset companies will lead to decentralization in the wake of the Shanghai upgrade. Analysts and users on most centralized trading platforms express mixed feelings concerning the new developments in […]

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Blockchain Analytics Firm ITB Predicts Surge in Staked $ETH After Shapella Upgrade

Ethereum’s Shapella upgrade is just around the corner, but what does it mean for Ethereum ($ETH) staking? The Shapella fork consists of two conjoined upgrades: Shanghai, which includes Ethereum Improvement Proposals (EIPs) related to the execution layer, and Capella, a major update to Ethereum’s consensus layer. The most notable EIP set to be implemented in Shapella is EIP-4895, which enables […]

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CryptoLaw Founder Explains Why $XRP and $ETH Are Not Securities

John Deaton, a prominent highly-respected attorney closely monitoring the U.S. SEC’s lawsuit against FinTech firm Ripple, has shared his thoughts on why $XRP and $ETH should not be considered securities. Deaton, Managing Partner of Deaton Law Firm, is the founder of CryptoLaw, a website focusing on U.S. legal and regulatory developments for digital asset holders, and the host of the YouTube channel […]

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Ethereum: Prominent Crypto Analyst on the ‘Monster ETH Rally That’s Coming’

A well-known crypto analyst who successfully predicted Bitcoin’s 2018 bottom is anticipating a significant rally for Ethereum ($ETH). As The Daily Hodl reported earlier today, the crypto analyst, operating under the pseudonym “Bluntz”, has informed his over 221K Twitter followers that Ethereum seems to be completing its correction and is poised for a significant surge. According to his technical analysis, […]

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Microsoft Edge’s Unreleased Surprise: An Integrated Ethereum Wallet in Early Development

Microsoft is reportedly developing a built-in Ethereum crypto wallet for its Edge browser, enabling users to send and receive cryptocurrencies and NFTs without additional extensions. Currently, in a limited testing phase, the wallet is a non-custodial solution, giving users complete control over their funds. According to a report by BleepingComputer, this experimental feature of the Edge browser was discovered by […]

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