This DAO is donating 100ETH ($123k) to crypto sleuth ZachXBT

Nouns DAO will donate 100 ETH ($123,000) to ZachXBT to fund his investigative journalism, according to a Dec. 8 tweet. Nouns will donate 100 ETH ($123,000) to @zachxbt to fund their investigative journalism. Prop #177 from @noun40__ passed: 180 for, 20 against. pic.twitter.com/7PmlaD2rXE — House of Nouns ⌐◨-◨ (@houseofnouns) December 8, 2022 According to the … Read more

OpenSea’s Ethereum gas usage has declined to almost zero

CryptoSlate’s analysis of gas consumption on the Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero. The analysis included token contract standards (ERC721 and ERC1155) and other NFT marketplaces like LooksRare, Rarible, and SuperRare. Source: Glasnode According to the above chart, overall gas … Read more

Jokes about wrapped ETH depeg cause brief panic on Twitter

Crypto influencers started a joke about wrapped Ethereum (WETH) losing its peg and becoming insolvent over the weekend, causing a brief panic within the community. The joke started on Nov. 26 when blockchain developer Cygaar tweeted that WETH was about to become insolvent and that they would bail out anyone at a rate of 0.5 … Read more

Massive staked Ethereum withdrawals by whales allow arbitrageurs to profit

Lido (LDO) staked Ethereum (stETH) traded at a discount to Ethereum (ETH) on Curve after a whale removed 84,131 ETH ($101 million) from the protocol, allowing arbitrageurs to profit from the situation. Peckshield also reported that a whale withdrew 42,400 stETH from Aave. #PeckShieldAlert A Whale has withdrawn ~42.4k $stETH (~$50M) from Aave Protocol V2 … Read more

Vitalik Buterin Shares Thoughts on FTX Implosion

Ethereum co-founder Vitalik Buterin has shared his views on the implosion of FTX, saying that its impact is much more significant than Terra’s Luna crash.  Buterin made the statement in response to a tweet that compared FTX’s collapse to that of Mt. Gox. Buterin Says FTX Fraud ‘Cuts Deeper’ According to the tweet, the Mt Gox event … Read more

Vitalik Buterin Shares Updated Ethereum Roadmap Including Scalability Plans

Ethereum co-founder Vitalik Buterin has updated the project roadmap to include a new phase called “The Scourge.” The update shared on Twitter improved the previous 5-phase Ethereum roadmap, which explains how the network will achieve scalability. Buterin explained that the new roadmap brings more concrete milestones to every category and a “More explicit role for quantum-proofness as … Read more

Art Gobblers trading volume surges as floor price spikes

A new free-to-mint NFT collection Art Gobblers, has seen a massive uptick in its trading volume, beating famed collections like Bored Ape in the last 24 hours. According to OpenSea data, Art Gobblers ETH trading volume was 6928 ($11 million) in the last 24 hours — over 10x the volume of Bored Ape and CryptoPunk. … Read more

OpenSea Ethereum trading volume declines 13% as BAYC floor switches platforms

OpenSea’s Ethereum (ETH) NFTs trading volume has declined for the fourth consecutive month, dropping 13% to $303M, the lowest since June 2021, according to Dune Analytics data. According to the data, OpenSea’s Ethereum monthly active traders have also dropped for the fourth consecutive month. Active traders on the platform dropped by roughly 5% to 332,824 … Read more

Ethereum Vitalik Buterin Speaks Against Crypto ETF, Calls for More Regulation

Ethereum founder Vitalik Buterin has shared his views about the raging conversation surrounding crypto regulations in a recent Twitter thread. Vitalik Buterin discussed how regulations would impact crypto. Ethereum’s founder showed support for any law that makes it easier for the industry to reach mainstream adoption. But he categorized those that intrude on how blockchain … Read more

Ethereum price outperforms other L1 networks

Ethereum’s (ETH) price performance has outperformed those of other leading layer1 networks in the last seven days, posting returns of over 10% against Bitcoin (BTC), according to data analyzed by CryptoSlate. Source: Glassnode According to the Glassnode data, only Ethereum and Polygon’s MATIC posted positive returns against Bitcoin during the week. Meanwhile, Solana (SOL) briefly … Read more