EigenLayer Protocol Allows Restaking of Ethereum Assets on Emerging Networks – Cryptopolitan

The EigenLayer protocol, which aims to become a decentralized marketplace for Ethereum node operators and validators to earn fees on additional services, has launched on testnet. The protocol allows ETH validators and stakers to “re-stake” their assets onto other emerging networks. Testing will be phased in three stages to onboard various participants into the ecosystem, with the first stage using Ethereums Goerli testing network. The mainnet launch of the EigenLayer protocol is expected in Q3.  EigenLayer founder Sreeram Kannan said that facilitating the moving and re-staking of ETH onto other networks would incentivize validators and stakers with additional yields and allow smaller networks to grow securely. According to the white paper, EigenLayer also has plans to enable restaking for ETH withdrawn from the Beacon Chain following the Shapella upgrade. The protocol aims to address issues with validator economic incentives.  EigenLayer has serious backing, having announced $50 million in a Series A funding round in late March led by crypto venture firm Blockchain Capital, along with Coinbase Ventures, Polychain Capital, Electric Capital, and Finality Capital Partner. Ethereum co-founder Joseph Lubin has also praised the project, stating that “[t]he Eigen Labs team is at the forefront of some of the most exciting work happening

2023-04-07Ethereum

Ethereum Volatility Likely on the Horizon as Options Expire

A large amount of Bitcoin and Ethereum options contracts are about to expire. Moreover, these events often cause price volatility for the underlying assets.  There has been a significant shift in derivatives trading activity, with Ethereum options trading surpassing that of Bitcoin.  37,000 Bitcoin options are about to expire with a notional value of just over $1 billion. However, this number is eclipsed by the 256,000 Ethereum options that will also expire this month. Their notional value is a whopping $4.8 billion.  Analyst ng industriya na si Colin Wu Nagkomento on the massive shift in derivatives trading.  “The Shanghai upgrade is coming, and the trading of Ethereum options has surpassed that of Bitcoin for the first time in more than a month.”  Ethereum Options Expiry  Ethereum options are derivatives contracts that allow traders to speculate on the price of ETH. They allow traders to buy or sell Ethereum at a specific price, the strike price, at a certain date of expiry. They are also more flexible than futures which have fixed expiry dates.  According to Deribit, Ethereum Open Interest (OI) stands at almost 2.6 million open contracts that have yet to be settled.  Ethereum Options Open Interest Chart by Deribit  Furthermore, there is a put/call ratio of 1.09 for

2023-04-07Ethereum

Ethereum ‘re-staking’ protocol EigenLayer launches on testnet

A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet.  The mainnet launch of the EigenLayer protocol is not expected until Q3 however, and testing will be phased in three stages to onboard various participants into the ecosystem. The first stage is using Ethereums Goerli testing network.  The project has some serious backing and announced $50 million in a Series A funding round in late March led by crypto venture firm Blockchain Capital, along with Coinbase Ventures, Polychain Capital, Electric Capital, and Finality Capital Partner.  EigenLayer aims to become a decentralized marketplace for Ethereum node operators and validators to earn fees on additional services. It allows them to restake assets they received in exchange for staking Ether on platforms such as Lido (stETH) and RocketPool (rETH). The assets can be reused to validate and secure other networks such as side-chains or non-EVM blockchains.  According to the whitepaper, EigenLayer also has plans to enable restaking for ETH withdrawn from the beacon chain following the Shapella upgrade.  “Ethereum validators can set their beacon chain withdrawal credentials to the EigenLayer smart contracts, and opt-in to new modules built on EigenLayer.”  The protocol aims to address issues with

2023-04-07Ethereum

The Sandbox in 2023: An Overview of Fundamentals and Technicals

The Sandbox Chronology  The Sandbox, created by Pixowl in 2011, is a blockchain-based virtual world that enables users to create, buy, sell, and build digital assets in a gaming environment. Utilizing DAOs and NFTs, The Sandbox has developed a decentralized ecosystem that fosters a thriving gaming community. The platform relies on its SAND utility token to facilitate secure transactions and maximize blockchain technology. As a result, individuals can now take part in a decentralized digital world as both creators and players.  Sandbox Native Tokens:  The Sandbox platform employs a range of native tokens to enable user interactions, including SAND. As an ERC-20 token, SAND holders receive rewards for holding it, and it serves as in-game currency. The token is also essential as a utility token that facilitates all platform transactions. Moreover, as a governance token, SAND holders may participate in the DAOs voting process. SAND tokens have various applications – these are required to engage with NFTs, acquire virtual land plots, and gain access to other benefits.  Sandbox Fundamentals:  According to CoinMarketCap, as of March 2021, 680,266,194 SAND tokens were in active circulation, representing 23% of the maximum and total supply of 3,000,000,000 SAND tokens. Out of the total token supply, 25.82% is in a

2023-04-07Industriya

Litecoin (LTC) Price Analysis: Bulls Continue to Struggle Near $100

Nagsimula ang Litecoin ng tuluy-tuloy na pagtaas sa itaas ng $88 laban sa US Dollar.  LTC price is now trading below $92 and the 55 simple moving average (4 hours).  Mayroong isang pangunahing linya ng trend ng trend na bumubuo sa suporta na malapit sa $ 90.45 sa tsart na 4 na oras ng pares ng LTC / USD (feed ng data mula sa Coinbase).  Ang pares ay maaaring makakuha ng bullish momentum kung aalisin nito ang $92 at $95 na antas ng paglaban.  Pagsusuri ng Litecoin Presyo  In the past few sessions, there were mostly bullish moves in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC formed a base above the $87.50 level and started a fresh increase.  There was a clear move above the $90 and $92 resistance levels. However, the bears were active near the $95 resistance zone. A high was formed near $95.85 before there was a downside correction. The price declined below $90 and tested $89.85.  It is now consolidating below $92 and the 55 simple moving average (4 hours). On the upside, the price is facing resistance near the $92 level. It is close to the 23.6% Fib retracement level of the downward move from the $95.85 swing

2023-04-07Industriya

Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities – Regulation Bitcoin News

Dubai‘s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users funds.  Binance Asked to Provide More Information  The collapse of the crypto exchange FTX prompted Dubai regulators to ask for more information from crypto license applicants such as Binance, a Bloomberg report has said. According to the April 5 report, officials from Dubais Virtual Assets Regulatory Authority (VARA) have in recent weeks told Binance, which already holds the minimal viable product license, to share more information concerning its ownership structure, governance, and auditing procedures.  As previously reported by Bitcoin.com News, no crypto firm including Binance has been granted a full market product (FMP) license. According to VARA, only holders of this license can offer a full spectrum of their services to Dubai residents. On the other hand, Binance and a few other crypto exchanges have been granted the minimal viable product (MVP) license. This license enables the holders to offer their services of an approved range of virtual asset-related services “to suitably qualified retail and institutional investors in Dubai.”  However, following the

2023-04-07Bitcoin

What Is Ethereum’s Shanghai Upgrade?

Ethereum  Ano ang Pag-upgrade ng Ethereum sa Shanghai?  28 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Sa madaling sabi  Ethereums Shanghai upgrade is a hard fork slated for March 2023.  The Shanghai fork will implement EIP-4895, which allows validators to withdraw ETH that have been staked since as long ago as December 2020.  About 14% of all ETH are currently staked, accounting for 16 million tokens and a current value of over $26 billion.  The Shanghai fork also has several other EIPs, mostly designed to reduce gas costs for Ethereum developers.  The fork notably does not include EIP-4844, which facilitates the “sharding” of the Ethereum blockchain into multiple chains in order to facilitate scalability.  Manatili sa balita sa crypto, makakuha ng mga pang-araw-araw na update sa iyong inbox.

2023-04-07Ethereum

What will be the outcome of the Ethereum Shanghai upgrade?

Ethereum  Ano ang magiging resulta ng pag-upgrade ng Ethereum Shanghai?  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  In this weeks episode of Market Talks, Cointelegraph welcomes Justin Bram, co-founder and CEO of Astaria — which allows users to put up their nonfungible tokens (NFTs) as collateral to earn instant liquidity. Bram also has his own YouTube channel with over 30,000 subscribers.  We kick things off by getting Brams opinion on the most exciting thing happening in decentralized finance (DeFi) right now and follow it up by discussing the most important thing happening in DeFi.  We then get into Ethereum layer-2 protocols like Arbitrum and whether Bram is bullish on them or whether he has his eye set on something else.  With the next big Ethereum upgrade just around the corner, we ask Bram what his perspective is on the Shanghai upgrade and the potential of liquid staking derivatives. Is ut going to be as big as everyone hopes and thinks it will be? Does the unlocking of Ether (ETH) represent the offering of some new innovation in the crypto and DeFi space?  By the end of the chat with Bram, we hope the audience will have gotten a better understanding of the most exciting and important

2023-04-07Ethereum

PancakeSwap v3 is live on BNB Chain and Ethereum, could boost presale tokens like digitoads

Ethereum  PancakeSwap v3 is live on BNB Chain and Ethereum, could boost presale tokens like digitoads  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The goal of every decentralized finance (DeFi) token is to eventually list on decentralized exchanges. The advantages that follow could boost growth and increase project activity.  PancakeSwap v3 recently launched on BNB Chain (BSC) and Ethereum.  The ripple effect of this development could positively affect tokens like DigiToads (TOADS), which are currently on their presale, possibly augmenting their chances of success.  This article develops on the significance of the PancakeSwap v3 listing and its impact on presale tokens like digitoads (TOADS).  DigiToads prices may benefit  Integrating PancakeSwap v3 with BNB Chain and Ethereum Network set a precedent for DigiToads to follow suit. TOADS is a DeFi token of DigiToads thatincorporates play-to-earn (P2E), GameFi, and other innovative web3 technology. TOADS has been rising, and DigiToads is posting more interactions because investors know PancakeSwap v3s success could benefit the project.  Like DigiToads, PancakeSwap also held its presale event for CAKE. TOADS presale holders could receive higher returns on investment (ROI) than those who buy after listing on exchanges. This is because they buy the token at a discount and can sell it for a higher price once

2023-04-07Ethereum

A new 11-month high for Lido as Ethereums Shapella looms large

Ethereum  Isang bagong 11-buwan na mataas para sa Lido habang ang Ethereums Shapella ay napakalaki  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum liquid staking solution Lido Finances [LDO] upcoming V2 upgrade will be a significant milestone in its preparedness for the much-awaited Shanghai Hard Fork, also called Shapella. As Shapella is less than a week away, the Lido ecosystem shared an important update with regard to Ethereum [ETH] withdrawals, one of the main features of V2.  TLDR:  Withdrawal key-rotation ceremony completed: all withdrawal credential messages have been successfully signed (from 0x00 to 0x01), and are now ready to be broadcasted to the Ethereum network post Shapella hard fork (April 12th).  Green ba ang iyong portfolio? Tingnan ang Lido Profit Calculator  One step closer to Shapella  As part of the V2 upgrade, Lido completed a key rotation ceremony for its withdrawal credentials. This involved signing up of withdrawal credential messages from 0x00 to 0x01. These changes are ready to be implemented on the Ethereum mainnet.  The Lido DAOs first set of withdrawal keys were generated in December 2020. 0x00 withdrawal credentials have to be migrated to 0x01 to enable partial and full withdrawals after the Shapella hard fork.  A key component of Lidos V2 upgrade will be withdrawals. With

2023-04-06Ethereum
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