Ethereum supply concentration in smart contracts hits all time high

The amount of Ethereum’s supply concentrated in smart contracts has hit an all-time high post-merge. Smart contracts now create 0.45% of all Ethereum behind staked Ethereum at 0.57% and Exchange balances at 0.17%. The chart below presents an area view of some of the largest concentrations of the Ethereum supply. Supply regions are shown as … Read more

Ethereum’s post-merge report might get you excited for Q4

The transition of the Ethereum [ETH] network into a proof-of-stake led to the supply of the network’s Ether [ETH] witnessing a significant drop, data from Santiment revealed.  According to data from the blockchain analytics platform, the percentage of ETH’s total supply that has been sent to exchanges stood at 14.52% at press time. Since the Merge, … Read more

Ethereum proof-of-stake client bug caught and patched without incident

Ethereum developers identified a bug within the Besu Ethereum client that could have led to “consensus failure in networks with multiple EVM implementations.” Gary Schulte reported the issue to the Hyperledger GitHub repository and was found by Martin Holst Swende. It is understood that “no production networks have transactions that would trigger this failure.” Bug … Read more

Miners flee PoW tokens as token prices tank, GPU value flounders

Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. Ethereum Cash Ethereum Cash (ETC) has seen its hash rate drop to 157.51TH/s after peaking at 303.7 TH/s on the day after the merge — Sept. … Read more

Ethereum Post-Merge Update: Where have the miner rewards gone?

With macroeconomic conditions dictating the overall market sentiment and price-action, it can feel like little has changed since Ethereum’s merge to a Proof-of-Stake (PoS) consensus mechanism. The price of ETH has dropped 14.4% since the merge while the strength of the U.S. dollar has surged. ETH and USD Price Performance (Source: IntoTheBlock Capital Markets Insights) … Read more

Ethereum developer confirms Shanghai upgrade will not unlock staked tokens

By messenger exchange with CryptoSlate, Ethereum developer Micah Zoltu has confirmed the upcoming Shanghai upgrade will not enable the withdrawal of staked ETH tokens. Currently, ETH can only be deposited to the staking contract and not withdrawn. Per Ethereum, the withdraw functionality would be enabled following the Shanghai upgrade. However, it has since come to … Read more

Cardano founder Charles Hoskinson calls Ethereum ‘Hotel California of Crypto’

Cardano (ADA) founder Charles Hoskinson has called Ethereum (ETH) the “Hotel California of Crypto” in response to a tweet that claimed that ETH staking withdrawals might be delayed beyond the Shanghai upgrade. The Hotel California song is about a prison where no one escapes from. Ethereum is becoming the Hotel California of Crypto — … Read more

Ethereum: Is the Merge nothing more than another “sell-the-news-event”

The Merge has been a success for Ethereum [ETH]. Wait… but that’s not it as ETH has continued to dip despite this release. The continued fall of the token has attracted the attention of analysts across the crypto industry to give their two cents on the matter. Galaxy Digital based researcher Christine Kim has also … Read more

Osmosis co-founder questions the effectiveness of ETH staking post-merge

Osmosis Co-Founder Sunny Aggarwal has questioned the effectiveness of Ethereum’s staking model as it will not enable withdrawal of staked ETH post-merge. Currently, there are 13.7 million ETH staked on the beacon chain. According to the PoS design, the assets will remain locked until the Shanghai update goes live in the future, In a commentary … Read more

ETH whales decreased their holdings prior to Merge- Here’s why

In the last three months leading up to the final transition of the Ethereum mainnet network into a proof-of-stake consensus mechanism, data from Santiment revealed a disparity in the ETH holding behavior of whales on the network. According to the on-chain analytics platform, the count of ETH whales that hold between 1000 to 10,000 ETH … Read more