Federal Reserve Expected to Provide Guidance for Bitcoin and Ethereum in June 2023, Possible Rate Hike Pause and Price Predictions Revealed
The Federal Reserve is set to offer further guidance on Bitcoin and Ethereum in June 2023, with a potential pause in rate hikes if inflation remains low.
OpenAI CTO's Twitter Account Hacked to Promote Fraudulent Cryptocurrency Scheme
The Twitter account of Mira Murati, the chief technology officer of OpenAI, was apparently hacked on Thursday evening to promote a fraudulent cryptocurrency scheme.
Rocket Pool Deploys on Ethereum Layer 2 Network zkSync Era for Faster and Cheaper Transactions
Rocket Pool, a provider of Ethereum staking, has been launched on the zkSync Era network, making it the first liquid staking protocol on the newly launched network. This move will enable Rocket Pool users to move its token rETH faster and cheaper, providing a more user-friendly experience in DeFi applications. Rocket Pool is already live on Ethereum Layer 2 networks Optimism and Arbitrum. By holding Rocket Pool's rETH on zkSync Era, users will continue to earn rewards backed by the most decentralized liquid staking protocol, while also enjoying Era's faster speeds and lower transaction costs.
Ethereum Surpasses 100 Million Non-Zero Addresses, Demonstrating Growing Adoption and Appeal in the Crypto Market
Ethereum has achieved a significant milestone by surpassing 100 million non-zero addresses, according to data from Glassnode. This achievement highlights the growing prominence of Ethereum on the crypto market and demonstrates the network's growing adoption and appeal among a diverse range of users. While Bitcoin is also experiencing a surge in non-zero addresses, Ethereum's achievement is particularly noteworthy because it demonstrates a significantly higher number of addresses, further emphasizing the broader reach and appeal of the network. However, the decrease in addresses holding significant amounts of ETH suggests that the biggest holders are leaving their holdings right now, which could be attributed to various factors such as profit-taking, portfolio diversification or potential concerns about market volatility.
Crypto Provocateur Receives $1.1 Million in Ethereum for Spoof Campaign
A spoof campaign launched by the anonymous co-founder of NFT marketplace NotLarvaLabs has received $1.1 million worth of Ethereum in just 24 hours. The campaign, which promised supporters nothing in return, has been described as a social experiment and a get-rich-quick scheme. Despite criticism, the campaign has inspired similar initiatives on social media, with some influencers and users asking for donations in return for nothing. The success of the campaign is attributed to the developer's large social media following, which boosts their visibility across the cryptosphere.
Ethereum's Gas Fees Drop Nearly 70% in May, Contributing Asset Classes Examined as ETH Price Surges
In May 2023, Ethereum (ETH) traded at approximately $1,850, making it the world's second-largest cryptocurrency. However, the month saw a substantial decrease in transaction gas fees, with Ethereum's gas fee dropping by almost 70% in just one month.
Ethereum's Deflationary Model and Bullish Continuation Pattern Could Boost ETH Price by 80%
Ethereum's deflationary model, which has resulted in a negative supply rate since early 2023, could potentially boost the value of its token. The platform's fee-burning mechanism, introduced through the EIP-1559 upgrade, has made ETH deflationary.
Crypto Trader Doubles Down on Short Positions for MATIC, SOL, AAVE, and More
Capo, a popular crypto trader who has been bearish on digital asset markets this year, is increasing his short position on Polygon (MATIC), an Ethereum scaling solution.
Cryptocurrency Market Declines in Asia, Bitcoin and Ethereum Prices Drop 2%
On May 31, the global cryptocurrency market experienced a significant drop in Asia, resulting in a 1.37% decrease in market capitalization to 1.14 trillion.
Blockchain Technology Crucial for Development of the Metaverse
Blockchain technology is playing a crucial role in the development of the metaverse, a shared immersive platform combining spatial communications and the internet.
