ETH falls below $1,500 as over $150M is liquidated in 24 hours

The largest liquidation candle in a month wiped out most of the gains Ethereum posted following the Merge. Following its transition to a Proof-of-Stake network, ETH touched $1,640 in what many believed would be the beginning of a rally. However, aggressive liquidation pushed its price below $1,500, with ETH standing at around $1,480 as of … Read more

Centralization, sell-offs, and network stability: What’s troubling Ethereum ahead of the Merge?

With less than two days left until Ethereum transitions to a Proof-of-Stake system, all eyes are pointed at the Merge but many are still worried whether it will change the crypto market for the better. According to the latest report from analytics company Nansen, the problems a PoS Ethereum will face aren’t dismissible. However, the … Read more

Largest Ethereum mining pool opens up staking ahead of the Merge

Ethermine, the largest Ethereum mining pool in the world, has announced the launch of a staking service on its platform. In an announcement published earlier today, the company said that Ethermine Staking will enable users to earn interest on their ETH as if they were staking it, without having to put down the 32 ETH … Read more

Data center operator hosting 17% of Ethereum’s nodes says staking is not permitted

Hetzner Online, a data center based in Germany, said that using its hosting services for any application related to cryptocurrency mining is not permitted. The company disclosed its stance in a Reddit thread, saying that its ban on mining-related uses includes both Proof-of-Stake (PoS) and Proof-of-Work (PoW) applications. The company’s stance on PoS applications could … Read more

Research: Ethereum is neither decentralized nor deflationary

Ethereum is the foundation of the decentralized finance ecosystem and is automatically categorized as a decentralized network. On paper, Ethereum is a decentralized and democratic network based on a deflationary currency. In reality, it’s neither decentralized nor deflationary. Defying deflation In September 2021, Ethereum’s London hard fork introduced EIP-1559, an upgrade set to drastically change … Read more

Research: Ethereum is recovering its dominance over stablecoins

One of the easiest way for investors to deleverage their positions is to turn to stablecoins. Centralized stablecoins, unlike their algorithmic counterparts, are resistant to volatility and retain their peg even in the most violent market conditions. Over the past two years, the market has seen stablecoins grow significantly and become one of the most … Read more

Research: The Merge is causing a divergence between Ethereum and Bitcoin SOPR

The overall market sentiment is usually determined by looking at long-term market behavior. However, while zooming out can put current market conditions into a much better perspective, sometimes the most solid gauge of the market’s position lies in the middle. SOPR and its value in market analysis The Spent Output Profit Ratio (SOPR) is a … Read more

Research: Ethereum’s rally fueled by speculation on the upcoming Merge

Ethereum has seen its price rise by 40% in the past month while the rest of the market has been licking its wounds from the June price crash. Despite its sheer size and network effect, Ethereum’s price has historically had a tough time decoupling from Bitcoin and has always followed Bitcoin’s rallies and drops. However, … Read more

Behind zkLend, a dual solution money market protocol for institutions and retail

zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market.  To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional clients and a … Read more

Mexican soccer club is selling a Bored Ape NFT to help the people of Ukraine

Necaxa, a Mexican professional soccer club in Liga MX, will be auctioning its Bored Ape NFT and donating 100% of the proceeds to organizations that support Ukrainian refugees. Apes for Ukraine Necaxa was one of the first major soccer teams to jump onto the NFT bandwagon, having created the first NFT tied to ownership interest … Read more