Former Twitter CEO Jack Dorsey Believes Ethereum is a Security and Supports Bitcoin-Only Approach for Coinbase Amid SEC Lawsuit
Jack Dorsey, the founder and former CEO of Twitter, has stated that he believes Ethereum (ETH) should be classified as a security amidst the ongoing lawsuit against Coinbase for unregistered operations.
Kraken Investigating Crypto Funding Gateway Issue with Bitcoin, Ethereum and ERC20
Kraken, a cryptocurrency exchange, is investigating an issue with several crypto funding gateways, including Bitcoin, Ethereum, and ERC20. The exchange's status page announced that deposits and withdrawals are currently delayed, with updates stating that they are working on a solution.
XRP Emerges as the Most-Traded Cryptocurrency in South Korea Outside of Bitcoin and Ether
According to data from Kaiko, South Korean crypto traders are not necessarily Bitcoin or Ethereum maximalists, but rather XRP maximalists. In fact, XRP is the most popular cryptocurrency in South Korea after Bitcoin, accounting for 12% of non-BTC and ETH volume.
BitDATA Exchange Launches Payment Option with GrabPay, Offering the Lowest Fee in Town.
BitDATA Exchange Launches Payment Option with GrabPay, Offering the Lowest Fee in Town.
Ethereum Co-Founder Jeffrey Wilcke Transfers $41M Worth of ETH to Kraken
Jeffrey Wilcke, co-founder of Ethereum, has transferred 22,000 ETH, worth around $41 million, to the cryptocurrency exchange Kraken. This is the first time he has transferred ETH from his address in 29 months, with his last transfer occurring in January 2021 when he moved 15,000 ETH to Kraken. Despite the recent transfer, Wilcke's address still holds over 150,000 ETH, worth approximately $280 million.
Over 90,000 Validators Waiting to Provide Validation Services on Ethereum
More than 90,000 validators are waiting to provide protocol validation services on Ethereum, causing congestion for validators to enter and begin staking in the protocol. This means a validator entering the queue today must wait more than 46 days to be activated and begin its tasks.
Number of Ethereum Holders With Over 10,000 ETH Reaches Two-Year Low While Total Value Staked Continues to Rise
The number of Ethereum holders possessing over 10,000 ETH has hit a two-year low, but the value staked in Ethereum has been consistently increasing and reaching new all-time highs. The decrease in certain ETH cohorts is worrying, particularly as Ethereum's supply on exchanges has also decreased in recent months. Ethereum's recent breakthrough above its short Moving Average on the daily timeframe chart led to a 2.4% price increase, bringing it closer to the psychological barrier of $2,000. The code on the website includes adpushup triggers for two different ad IDs, with the adpushup object defined as a window property and its que array used to push functions that trigger the ads.
Cryptocurrency Market Sees Net Inflows of $12.5 Billion Over Last 24 Hours, Bitcoin and Ethereum Market Caps Grow
The cryptocurrency market has experienced a net inflow of $12.5 billion in the past 24 hours, bringing the total market value to $1.14 trillion, a 1.1% increase from $1.13 trillion. Bitcoin and Ethereum's market caps grew by 0.8% and 1.8%, respectively, during this period. The top 10 cryptocurrencies all saw gains, with Cardano leading the way at 3.2% and Dogecoin at 0.6%. The market caps of Tether and USD Coin increased to $83.27 billion and $28.96 billion, respectively, while Binance USD fell to $5.17 billion.
Tron’s Native Token TRX Expands to Ethereum via BitTorrent Bridge
Tron's native asset TRX is expanding to Ethereum via BitTorrent Bridge, according to a tweet by founder Justin Sun. The move will boost Tron's liquidity on Ethereum and provide a contract address for Tron users utilizing TRX on Ethereum's blockchain. Tron's DeFi ecosystem is the second largest with over $5.6 billion in total value locked and over 2.9 million active users. TRX's price jumped 2% following the announcement, and Tron is an authority in DeFi with the second-largest total value locked after Ethereum.
LSD Tokens Rally as Ethereum Staking Surges
The value of Ethereum Liquid staking derivatives (LSD) tokens has surged due to an increase in ETH staking. Lido Finance and Rocket Pool have seen significant gains in the past 24 hours, with Lido Finance now accounting for 37.85% of all ETH staked in liquid derivatives protocols. Other LSD tokens, such as pSTAKE Finance’s PSTAKE and StakeWise’s SWISE, have also seen positive movement. The total amount of ETH staked on the Ethereum network has risen drastically in the last two days, indicating a bullish start to June for Ethereum.
