Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows
The liquid staking platform Lido has surpassed 6 million ether (ETH) in deposits, as investors seek to take advantage of the benefits of staking without sacrificing liquidity. The platform has seen a significant increase in deposits in recent weeks, with the recent Ethereum network upgrade in Shanghai cited as a key factor driving investor interest.
Ethereum Had Over US$635 Mln in NFT Wash Trades in April, CryptoSlam Reveals
Over US$635 million of Ethereum non-fungible token sales in April were wash trades, which made up nearly 60% of all NFT trades on the blockchain for the month, according to new data from CryptoSlam,
European Central Bank (ECB) Raises Rate By 25 Bps, Bitcoin, ETH Rally
The European Central Bank (ECB) raised its key interest rates by 25 bps in its meeting on May 4, with the aim of bringing policy rates near the 2% target amid high levels of inflation. The ECB will maintain low levels for as long as necessary and will continue reducing the Eurosystem's asset purchase program portfolio. The crypto market reacted positively to the ECB rate hike, with Bitcoin price staying over $29,000 and Ethereum price jumping over $1,900. Traders may open positions for bullish prices after central banks hint at no aggressive rate hikes.
$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic U.S. dollar-pegged stablecoin, dubbed “crvUSD” on the Ethereum mainnet — minting more than $22 million worth of the crvUSD so far.
Mysterious Crypto Whale Moves Massive $505 Million in Ethereum ($ETH)
A mysterious cryptocurrency whale has caught the attention of the community earlier this week, after it moved nearly $505 million worth of the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), to leading cryptocurrency exchange Binance.
Ethereum Price Just Reversed And Signals Fresh Run To $2,000
Ethereum price started a fresh increase above the $1,880 resistance against the US Dollar. ETH is rising and might soon aim for a move toward $2,000.
Solana Surpasses Ethereum In Most On-Chain Active Addresses
On Wednesday, Nansen shared a tweet comparing April’s most active on-chain addresses. According to the firm, Solana came in second after BNB Chain, becoming the network with the most active address by chain at 5.1 million in April.
Bitcoin, Ethereum Flat as Fed Issues 10th Consecutive Interest Rate Hike
The Federal Reserve decided to raise its benchmark interest rate by 25 basis points on Wednesday. But it was the U.S. central bank's statement on a possible path forward that had markets waiting with bated breath.
The Intricacies of Blockchain State — Impacting an Ecosystem
The word blockchain carries a lot of weight today, whether it be on Twitter with influencer shilling or the media calling for regulation.
