ETH Makes Price Gain, Institutional Investors Expected To Flood In ⋆ ZyCrypto

Ethereum  Nakuha ng ETH ang Presyo, Inaasahang Babaha ang mga Institusyonal na Mamumuhunan ⋆ ZyCrypto  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  ETH has soared over 6% since implementing the Shanghai update on Wednesday, trading at $2,121.  Staking pools and exchanges roll out directives to guide users on how and when to expect their rewards locked in their platforms.  The update brings more liquidity to investment, an attractive requirement for conservative institutional investors who need unrestricted access to their funds.  Top digital assets continue their blistering run this year as they recover sharp losses recorded from the unfortunate events of last year.  Ethereum (ETH) recorded a sharp gain barely 24 hours after implementing the Shanghai upgrade. The market-leading altcoin is up by 14% this week, currently exchanging hands at $2,121 at press time and looks on course to break $2,500 if the good tide continues.  Minutes after the Shanghai update went live, ETH traded steadily with slight gains amidst widespread fears that a similar post-Merge loss would occur. The update, which allows users to withdraw their staked asset from the platform, could lead to a slight dip in price, as some predicted. This is due to the fact that users will want to take out their assets

2023-04-17Ethereum

$1B staked ETH withdrawn in 24hrs as round 2 begins

Ethereum  Na-withdraw ang $1B staked ETH sa loob ng 24 na oras sa pagsisimula ng round 2  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  According to on-chain data, the net value of Ethereum removed from staking has surpassed $1 billion in value over the past 24 hours, yet again showcasing the networks ability to perform live network-wide updates without issue.  ETH withdrawals in action  A total of $1.7 billion has been withdrawn since the Shanghai and Capella upgrades went live. However, as round 2 of withdrawals began, the value of Ethereum withdrawn increased. Round 1 took 4.14 days to complete as validators in the queue were processed.  18,442,455 ETH is currently staked, with a value of $38.5 billion as of press time. As a result,  staked ETH makes up 15.32% of the total supply, with 33% staked with Lido.  With withdrawals now open, investors have been withdrawing their initial capital and the earned rewards. Staked Ethereum earns interest over time, and when a validator earns over 32 ETH through rewards, the excess amount does not add to their principal. Instead, it gets withdrawn automatically as a reward payment every few days.  The chart below shows the vast difference between deposits and withdrawals (rewards and principal funds) since the

2023-04-16Ethereum

$598 million worth of ETH stuck in the network - Upgrades needed to withdraw

Ethereum  $598 million worth of ETH stuck in the network – Upgrades needed to withdraw  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Sumali sa aming Telegrama channel upang manatiling napapanahon sa breaking news coverage  Ethereum developers executions of the Shapella upgrade show the world that the key parts of $252 billion could be swapped amidst transaction. This amazing feat is second only to the merge upgrade.  But that is not the case for the 18.5% of Ethereum network validators who are missing their correct credentials.  Nansen analytics drew data stating that Shapella‘s benefits are yet to reach 106,219 validators who are holding 284, 286 Ethereum. In terms of today’s prices, that amounts to $596 million (1 ETH is $2091 at press time)that cant be withdrawn from the system.  Credentials updates are required to initial the withdrawals.  Updating the Credentials is a Lengthy process  While automatic, the update process is enabled by the network scan, which adds extra wait time for anyone who is relying on the non-updated nodes.  Investment firm Galaxy stated that it might take about 100 hours for the network to run an update on the withdrawal credentials for an entire validator set.  That equates to about four days. While not long, this delay can bring bearish sentiment,

2023-04-16Ethereum

FTX considers reboot, Ethereums fork goes live and OpenAI news

Ethereum  Isinasaalang-alang ng FTX ang pag-reboot, ang tinidor ng Ethereum ay magiging live at ang OpenAI na balita  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Nangungunang Mga Kwento ng Linggo na itoAng Shapella hard fork ng Ethereum ay pinaandar sa mainnet  The Ethereum blockchain‘s mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the network’s Ether (ETH) asset. Within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals, according to Ethereum block explorer beaconchai.in. Nearly a day after the upgrade, ETH surpassed the $2,000 price point.  Nakabawi ang FTX ng $7.3B sa mga asset, isasaalang-alang ang pag-reboot ng palitan  A comeback for FTX is on the table, according to the legal team of the bankrupted crypto exchange. In an April 12 hearing, FTX‘s lawyers said the company had already recovered about $7.3 billion in liquid assets and was considering restarting its crypto exchange operations in the second quarter of 2024, suggesting a reboot as early as April. After the news broke, FTX token (FTT) surged over 112%. Meanwhile in Europe, a Swiss court approved the sale of the firm’s

2023-04-16Ethereum

Recent Data Shows There Is a New ATH for ETH Addresses in Profit

Ethereum  Ipinapakita ng Kamakailang Data May Bagong ATH para sa Mga ETH Address sa Kita  Glassnode tweeted that the number of ETH addresses in profit (7d MA) has reached a new ATH.  The tweet was made after the successful launch of ETHs Shapella Fork.  ETHs price is currently trading at $2,107.05 after a 0.33% drop in the last 24 hours.  The blockchain tracking firm, glassnode alerts (@glassnodealerts), tweeted this morning that the number of Ethereum (ETH) addresses in profit (7d MA) just reached an all-time high (ATH) of 67,747,106.744. The tweet follows the recent deployment of the “Shapella fork”.  At press time, the altcoin leader‘s price stands above the psychological $2k mark at $2,107.05 according to CoinMarketCap. This comes after the altcoin’s price dropped around 0.33% over the last 24 hours. Nevertheless, ETHs weekly price performance remains in the green at +12.49%.  ETH was able to strengthen against the crypto market leader, Bitcoin (BTC), by 0.83% in the past day. As a result, 1 ETH is worth approximately 0.06919 BTC at press time. ETH is also trading near its 24-hour high of $2,120.59, with its daily low sitting at around $2,049.08.  The daily chart for ETH/USDT shows that ETH‘s price is currently trading above the 9 and 20

2023-04-15Ethereum

Will Ethereum Hit $4000 In 2023? This DeFi Token Will Still Outperform ETH And Provide 10x More Gains

Ethereum  Maaabot ba ng Ethereum ang $4000 Sa 2023? Malalampasan Pa rin ng DeFi Token na ito ang ETH At Magbibigay ng 10x Higit pang Mga Nadagdag  As the cryptocurrency market continues to grow and mature, investors are constantly seeking out new investment opportunities that have the potential to generate significant returns. Ethereum (ETH) has long been considered one of the most promising cryptocurrencies, with its value increasing steadily.  However, there is a new DeFi token that is emerging as a potential challenger to Ethereums dominance – RenQ Finance (RENQ). In this article, we will examine whether Ethereum will hit $4000 in 2023 and why RenQ Finance is likely to outperform ETH and provide 10x more gains.  Ethereums Potential in 2023  Ethereum has been one of the most significant cryptocurrencies in the market since its launch in 2015. In recent years, it has established itself as a significant player in the DeFi space, with its blockchain technology facilitating the development of decentralized applications and smart contracts. The cryptocurrency has also benefited from its position as the second-largest cryptocurrency by market capitalization, with many investors seeing it as a safer and more stable investment option compared to smaller altcoins.However, the question remains: will Ethereum hit $4000

2023-04-15Ethereum

Ethereums pending withdrawals top $3 billion after bullish event, Shapella

Ethereum  Ang mga nakabinbing withdrawal ng Ethereum ay nangunguna sa $3 bilyon pagkatapos ng bullish na kaganapan, Shapella  Ethereum‘s total pending withdrawals — the amount of ether confirmed to withdraw, including rewards — has surpassed $3 billion following the network’s high-profile Shapella upgrade.  1.48 million ether, worth $3.10 billion, is currently pending withdrawal, according to data-tracking website token.unlocks.  The estimated amount of ether dollar value available to users daily is $1.07 billion, with an estimated 257,340 ether ($536.95 million) estimated to be withdrawn over the next 11 hours.  Alongside a growing withdrawal queue, the price of ether has — against the expectations of some analysts and short sellers — increased following Shapella‘s implementation. Ethereum’s native coin is currently changing hands just below $2100.  Magkano ether ang nakataya pa?  The total amount of ether currently staked, excluding earned rewards, amounts to 17.23 million coins — worth $35.95 billion — and accounts for 15.34% of the total supply.  The net staking balance from yesterday — calculated by subtracting the total amount of ether withdrawn from the amount of ether deposited — is roughly -103,600 ETH (-$204.04 million). Approximately 201,840 ether has been withdrawn, while roughly 98,240 ether has been deposited.  The net staking balance since the Shanghai hard fork is a

2023-04-15Ethereum

Crypto Exchange Exploited In Hack: 200B SHIB Stolen Alongside ETH, MATIC

crypto Ethereum  Crypto Exchange na Pinagsamantalahan Sa Hack: 200B SHIB na Ninakaw Kasama ng ETH, MATIC  Bitrue experienced a brief exploit in one of their hot wallets, leading to a $23M loss.  Bitrue assures users that the rest of their wallets are secure and will compensate affected users in full.  Bitrue will temporarily suspend all withdrawals and emphasizes its commitment to transparency throughout the process.  Bitrue has released a statement via Twitter regarding a brief exploit that was identified in one of their hot wallets on April 14, 2023, at 07:18 (UTC). It claims that it was able to quickly address the matter and prevent any further exploitation of funds. The company has stated that it is taking the situation seriously and are currently investigating the incident.  1/4: Natukoy namin ang isang maikling pagsasamantala sa isa sa aming maiinit na pitaka noong 07:18 (UTC), 14 Abril 2023. Mabilis naming natugunan ang bagay na ito at napigilan ang karagdagang pagsasamantala sa mga pondo. Sineseryoso namin ang bagay na ito at kasalukuyang sinisiyasat ang sitwasyon. pic.twitter.com/QioPHSB2DM  - Bitrue (@BitrueOfficial) Abril 14, 2023  According to the tweets, the attackers were successful in withdrawing assets worth around 23 million USD in cryptocurrencies such as ETH, QNT, GALA, SHIB, HOT, and MATIC.  Moreover, the

2023-04-15Ethereum

ROSE Price Analysis: Will ROSE Price take a bearish reversal?

The ROSE price is currently trading at $0.0629 while seeing a change of 14.26% in 24-hour trading volume.  The ROSE price has been observing an increase of 5% in the last 24 hours.  The ROSE price is currently trading within a sideways range below 200 EMA. Both buyers and sellers are at present attempting to take control of the market. The direction of the trend that the ROSE price can make will be decided by the breakout of the current consolidation pattern. Although the price at present is facing severe resistance in the form of 200 EMA while it is taking support from the 100 EMA.  The price of ROSE will require fierce buyer support in order to make a bullish breakout. On the contrary ROSE price is under a strong selling pressure which is being supported by the critical resistance from the 200 EMA. Hence the buyers may have to make significant attempts before making a positive breakout.  Rose price trading within a range under 200 EMA   Source: ROSE/USDT by TradingView  In the previous analysis, analysts predicted that price can make a bearish correction. According to it, the ROSE price was making a bearish pattern indicating a trend reversal. RSI oscillator was also supporting

2023-04-15Industriya

Ethereums latest Shanghai update Reveals Ethereums Transaction Limitations

Sumali sa aming Telegrama channel upang manatiling napapanahon sa breaking news coverage  Ethereum‘s latest Shanghai update has caused some inconvenience for cryptocurrency investors eager to withdraw their funds. This has brought attention to the limitations of Ethereum’s transaction processing capabilities.  Ethereums Upgrade: $30 Billion Locked Up, Potential Limitations Revealed  The upgrade was anticipated to unlock a massive amount of ether, over $30 billion in fact, but due to the staking process, investors had to wait for the upgrade to complete before withdrawing their funds. There is a backlog of around $1.4 billion worth of ether stuck in a withdrawal queue currently, shedding light on the potential limitations of Ethereum as a widely-used financial infrastructure.  The excessive load on the network has been due to an overwhelming amount of transactions, more than the network could handle. These limitations were placed as a security measure, to prevent any illicit activities on the network.  Martin Lee, an analyst, noted that removing these limits could leave the Ethereum network vulnerable to attacks. The ongoing delays highlight the challenges that Ethereum has faced in gaining widespread adoption in traditional payments, finance, and commerce, despite its popularity in niche areas like decentralized finance and NFTs.  Binance, the biggest cryptocurrency exchange, has informed

2023-04-15Ethereum
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