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Ethereum has seen significant gains since Sept. 12, when its price dropped to $1,530. However, the asset shows signs of a decline as active addresses and deposits incline. According to data provided by the market intelligence platform Santiment, the number of active ETH deposits into exchanges rose by around 39.5% over the past three days — from 12,800 on Sept. 17 to 17,734 transactions in a 24-hour time frame at the time of writing.  ETH price, exchange activity, whale activity, and active addresses – Sept. 20 | Source: Santiment In addition, the number of daily active addresses registered an 11% hike in the same time frame — rising from around 357,200 to 396,150 wallets over the past three days. However, the amount of ETH inflow to exchanges has dropped significantly.  You might also like: Former UK politician says crypto exchanges pressed him Per Santiment, 13,437 ETH entered the exchanges in the past 24 hours. This is 46.6% down from the 25,166 toke...

If the proposal were to take effect, Synthetix would much more closely resemble a traditional business by simply generating fee revenue and distributing the proceeds to SNX holders. The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million.  The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum and Optimism networks. In an Aug. 25 Synthetix Improvement Proposal (SIP) Warwick explained that SNX reward inflation was initially intended to “bootstrap the network”, however, he believes it’s no longer necessary as they can generate sustainable fee yields from atomic swaps. monthly trading volume on @synthetix_io pic.twitter.com/QCWYbB5Xu4 — Token Terminal (@tokenterminal) August 25, 2022 A big rise in fee revenue has been a result of...

Ethereum Client Releases Major Upgrade For Holesky Testnet Ethereum execution layer client Nethermind released the v1.20.2 upgrade for the upcoming Holesky testnet launch on September 15 at 14:00 UTC. Holeskey testnet is set to replace the long-running Goerli testnet . advertisement Nethermind client v1.20.2 is live and ready for the upcoming Holesky launch! 📅 Holskey testnet , set to replace Goerli, will launch on Sept. 15, 2023 at 14:00 UTC See the full changelog here: https://t.co/11yLTSMqll pic.twitter.com/jpPLqeBP5V Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Market...

Analysts at JP Morgan have stated that Ethereum could greatly benefit from the recently released PayPal PYUSD Stablecoin. Indeed, the analysts state that the presence of the new stablecoin could have a positive impact on Ethereum activity. The arrival of the PayPal stablecoin is certainly a positive for the overall industry, but it has also been criticized by some experts for its use of Ethereum. Still, in the long run, JP Morgan views the partnership as an eventual positive for the blockchain network. Also Read: How to Purchase PYUSD on PayPal JP Morgan Views Ethereum as Winner From PayPal Stablecoin The entire digital asset industry was pleasantly surprised when PayPal announced the arrival of its PYUSD stablecoin. Its presence is certainly positive, with the market set to get considerable competition from the impending asset. However, there is one entity that could benefit more than others. JP Morgan analysts have stated that Ethereum could greatly benefit from the r...

A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday. Several Curve Finance liquidity pools were attacked on July 30 due to a vulnerability found in the programming language Vyper. Vyper is a contract programming language created for the Ethereum Virtual Machine (EVM).   Curve Finance is one of the key decentralized finance (DeFi) protocol due to the key liquidity services it offers, thus the code vulnerability has put nearly $100 million worth of digital assets at risk. The vulnerability was found in the version 0.2.15, 0.2.16 and 0.3.0 leading to a malfunctioning reentrancy lock. As a result, millions were drained from four Curve pools namely aETH/ETH, msETH/ETH, pETH/ETH and CRV/ETH. The flaw in three of its variants may have an effect on a number of other protocols. Please note that this reentrancy issue is associated with the use of 'use_eth', which could potentiall...

Investors reported they lost up to $2.2 million when the developer of Pond0x allegedly mishandled the token’s launch. The launch of memecoin Pond0x (PNDX) has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestrobots trading app shows that the token reached a price of $0.36 before collapsing to near zero in a span of five minutes. Maestrobots chart of PNDX/USD during its launch. Source: Maestrobots. The launch of Pond0x was announced on July 28 by pseudonymous Not Larva Labs founder “Pauly,” who is known only by his X username. Not Larva Labs is the developer of an NFT trading app for CryptoPunks and for a separate parody collection called “CryptoPhunks.” It is not associated with Larva Labs, the creators of CryptoPunks. In the announcement, Pauly listed the contract address for PNDX and the URL for its official web app. Welcome To Pond0x https://t.co/iSiwpRDrix • $PNDX Contract: 0x1d4214081985ad20aa3ca93a...

zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains. Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack. It’s a modular framework for a series of ZK-powered custom block chains called yperchains , which will operate as a new layer on top of the existing layer-2 protocol. The chains will be composable and interoperable, enabling almost-instantaneous transfers of liquidity and flash loans between protocols in the system, which is not possible between L1 block chains . It shares some similarities to the Superchain network of L2s unveiled by Optimism when it announced Coinbase’s BASE would be the first addition. Alex Gluchowski, the co-founder and CEO of zkSync, told Cointelegraph that the system did away with the need for clunky and insecure token bridges, which are the weak point exploited by many of the bigge...

The token powering the largest smart contracts ecosystem is currently trading at $1,738 while bulls battle a seemingly strengthening bearish grip. advertisement With support at $1,700 staying intact coupled with building optimism ahead of the United States Federal Open Market Committee (FOMC) meeting later on Wednesday, Ethereum price could embark on an upward trajectory targeting $1,800 and $2,000 price points, respectively. Can US Fed Rate Decision Trigger Ethereum Price Rally? According to this Analysis of Bitcoin Price, investor confidence received a boost following the release of the CPI report, which revealed a year-on-year inflation deceleration to 4.9% in April, modestly undercutting the predictions made by market watchers interviewed by Dow Jones survey. Later today, the FOMC meeting will decide wh ETH er to pause interest rate hikes, which have been maintained since Q1 2022. There is a higher probability of a pause following earlier communication...

Ethereum has grown in popularity over time. Because of its rising usage, ETH has become a popular cryptocurrency and has evolved into the second-largest one. Even though there are multiple sites for buying, trading, and sending Ethereum, users wonder wh ETH er they can do the same on the Cash App . Even though the application is called “ Cash App ,” it allows users to send and receive Bitcoin. However, can users buy Ethereum using the app? Before that, let us get to know the app a little better. What is Cash App? The Cash App , which was formerly known as Square Cash, is a mobile payment service that was released in 2013. It was developed by Square, Inc., with its services available in the US and the UK. Using a smartphone app, users can send and receive money between and among friends, family, and companies. Peer-to-peer money transfers, the opportunity to buy and sell Bitcoin, a card to make purchases, and the choice to invest in stocks and cryptocurrencies are just a fe...

BTC price upside is likely limited, market participants argue, with Bitcoin pinned below $27,500. Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Traders bet on $27,500 BTC price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close. The pair showed little signs of trend change as a stalemate between bulls and bears continued to produce little volatility. The collection of moving averages (MAs), as well as the short-term holder (STH) realized price, near $26,000 thus stayed untested on intraday timeframes. Analyzing the current setup, popular trader Crypto Ed considered the potential for upside topping out at $27,500. “I do think we go down, but as long as we do not break that $26,000, there is a chance for a bullish surprise ,” he said in a YouTube update on the day. To break the curre...

The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident. Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its Stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5, according to Blockchain security firm PeckShield.  A bot initiated the hack on the BSC, which led to a loss of more than $1.3 million. The attacker also targeted the Arbitrum network, with ARB/ETH deployments losing over $5 million. Twitter users claimed the token contract had a basic implementation error as the root cause. Hi @DeusDao: it appears to be a pubic burn vulnerability with loss > $1.3M alone at BSC. The ARB/ETH deployments are also affected. The BSC hack was successfully frontrun by a bot: https://t.co/hXskQOIfwV The DEI token @ BSC was upgraded on Apr-10-2023 https://t.co/QJHwnZaXMk pic.twitter.com/C51CnVsg1B — PeckShi...

There’s magic in numbers and numbers are magical in the world of cryptocurrencies. A $1,000 investment could balloon to $1 million and might also go to $10 the next day. Such is the volatility of the cryptocurrency markets. Impeccable timing for an entry and exit position could make or break a holder’s portfolio. One such lucky investor invested a mere $733 in 2015 and saw his portfolio balloon to $4.36 million. The phenomenal yet life-changing profits occurred eight years. Also Read: Is Shiba Inu Incapable of Reaching $0.01? This Cryptocurrency Turns $733 Into $4.36 Million In 8 Years Source: newsbtc.com A mysterious and unknown investor purchased the Initial Coin Offering (ICO) of Ethereum back in July 2015. During the ICO, ETH was priced at $0.31 and the investor purchased $733 worth of Ethereum. Therefore, the investor got to accumulate 2,365 ETH for a mere $733 during that period. You can check the wallet details on Etherscan.io for a better and more in-depth understanding...

The long-awaited Shanghai update of Ether eum has been released as planned on Wednesday night. This update now allows users to withdraw previously staked Ether eum on the network, a feature that was not available before. The update also brings a new approach to staking withdrawals, eliminating the need for users to submit specific withdrawal requests and pay transaction fees. With this new approach, withdrawal requests are not in competition for execution layer block space. Also read: Dogecoin (DOGE) Spikes by 5% After Interesting Twitter News Surface However, the major upgrade caused some trouble for the users, as many were having trouble withdrawing their staked ETH . Around $1.4 billion worth of Ethereum stuck in withdrawal queue According to the details from Nansen, users were facing a withdrawal queue of over $1.4 billion on Thursday. The much-awaited Shapella upgrade was expected to unlock over $30 billion worth of ETH er. There were also no comments rega...

Cryptocurrencies continue to thrive, despite the wobbly macro-environment. However, institutions have not yet joined the celebrations. Last week, Watcher Guru reported that digital asset investment products noted outflows for the fifth consecutive week, totaling $255 million. The same equated to the largest single weekly outflows on record, representing 1% of total assets under management. Well, the same outflow tale has been renewed at the moment. According to the latest data from CoinShares, institutions continue to ditch Bitcoin and Ethereum. However, they are collectively betting on Altcoins like XRP, Solana , Litecoin, and MATIC instead. As illustrated below, roughly $113 million worth of Bitcoin and $13 million worth of Ethereum have been sent out by institutions over the past week. On the other hand, they added Litecoin, Solana, Polygon, and XRP worth $1 million in aggregate. Source: CoinShares Also Read: Bitcoin Could Reach $100,000 Within 12 Months: Messari Fo...