CoinDesk Validator ‘Zelda’ Successfully Exits Ethereum as Withdrawal Queue Shrinks to 9 Days
As part of CoinDesk’s former Valid Points Newsletter, CoinDesk set up its own Ethereum validator, “Zelda,” in 2020 to have a front-row seat into the blockchain’s shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The goal was to learn about the historic engineering feat, and to report from the front lines.
Bitcoin (BTC) Price To Hit $30K Or $26K? US Fed, Wall Street Predictions
The crypto market anticipates the US Federal Reserve's key rate hike decision amid the banking crisis and debt ceiling crisis, which raise risks of an "economic catastrophe." Bitcoin and Ethereum prices continue upward momentum as the Fed is expected to raise rates by 25 bps, bringing borrowing to 5%-5.25%. The market sentiment depends on Fed Chair Jerome Powell's guidance on future rate hikes.
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text
The number of NFTs tied to BTC blockchain surged over 3M after a spike in inscriptions, mainly text-based assets on Ordinals Protocol. The BRC-20 token standard allowed transferable tokens directly through the network, resulting in a $137M market cap for digital artwork and meme tokens built on Bitcoin.
Bitcoin’s Next Halving is Coming: What It Means for the Future of Cryptocurrency
Everyone’s talking about the next Bitcoin Halving event. But what does the word even mean? And how is it going to affect simple folks like me and you? Let’s find out.
Ethereum Sees Inflows Of $505M Into Binance, Sign Of Selling?
On-chain data shows Ethereum has observed massive inflows of $505 million into Binance during the past day, a sign that selling may be going on.
Blockchain Bets — E-sports and Crypto Gambling: A Perfect Pair
The gaming landscape has been transformed by the rapid growth of E-sports over the past decade, and with the emergence of decentralised gambling, has led to a paradigm shift in how people engage with gaming and wagering activities across the globe.
Ethereum Whale Population Drops After Shapella — Will ETH Price Sink Too?
The share of Ethereum (ETH) held by so-called whale addresses has dropped since Ethereum's Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in t near term.
Coinbase Will Never Delist ETH as XRP, Top Lawyer States Why
Bill Morgan, a former SEC and securities attorney, believes Coinbase can never treat Ether (ETH) and/or Bitcoin (BTC) the same way it dealt with XRP when the U.S. SEC sued Ripple, claiming that the sixth-largest cryptocurrency by market capitalization is a security.
PEPE Token Market Cap Soars to $502M Following 2,100% Rise Since Issuance
PEPE token has surged to a market cap of $502 million since its issuance last month, with a 2,100% rise. It has around 75,000 holders, with some wallets holding more than $5 million worth of the tokens. The token surged by 350% over the weekend, and BitMEX has listed perpetual swaps for PEPE with up to 50x leverage. However, some early investors have been cashing out, with one losing $350,000 due to minimal liquidity and another causing a 50% price drop by cashing out $678,000 worth.
