Over $41 Million Of Ethereum Longs Liquidated, Reaching A New 4-Week High
Over $41 million of ETH long positions have been liquidated as Ethereum prices flash crash from their April peaks, Coinglass data on April 19 reveals.
Advantages and Disadvantages of Smart Contracts
A smart contract is a self-executing contract that is programmed to automatically execute certain actions when predetermined conditions are met. Smart contracts are typically implemented on blockchain technology, which allows for a distributed and transparent ledger of all transactions and actions taken by the contract.
Institutions Flock to Ether After Shapella Upgrade
The recent implementation of the Shapella hard fork on the Ethereum network has led to a surge in institutional interest in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME). Since April 10, the number of active ether futures contracts trading on CME has risen 39% to 6,248, and open interest has increased by over 70% to $633 million. The recent influx of institutional interest in ETH futures has been attributed to the reduced risk of staking the cryptocurrency following the Shapella upgrade. The futures basis has widened, and the rising premium has drawn carry traders to the market. Open interest has also increased on other exchanges, including Deribit.
SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing
Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), refused to state whether ether, the second-largest cryptocurrency by market cap, is a security during a hearing before the House Financial Services Committee. Gensler's appearance was his first in over a year and he fended off questions about proposed rules, public feedback, and how the SEC was approaching crypto companies hoping to operate in the US. He refused to say whether ether was a security, stating that it depended on the facts and the law. The lack of a definitive answer was seen as a positive sign for the industry by some.
All The Things About Ethereum Shanghai Upgrade Plebs Should Know
Ethereum finally completed another step for it to be a fully Proof of Stake chain.
Cointime News Wrapup-Afternoon: President Trump NFTs Floor Price Crashed 58% After ‘Series 2’ Launch
The floor price of former US President Donald Trump's NFTs has declined 58% to 0.183 ETH, or roughly $382, in the 24 hours after he announced a second collection on April 18.
Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump
Statistics indicate that Ethereum deposits have exceeded withdrawals for the first time since the Shapella hard fork a week ago. Just under a million Ether, worth close to $2 billion, is currently pending withdrawal, and over the past three days, 112,568 Ether has been added to liquid staking protocols such as Frax, Lido, and Rocketpool. The withdrawal queue can take days for people, and some unstaking participants may wait close to 20 days to unlock their funds. The annual percentage rate (APR) for staking Ethereum is currently 4.87%, and network fees have increased, with the average Ethereum network transaction fee at $12.45 per transfer.
「Trend Research by LD Capital」 In-depth Interpretation of Grayscale Trust ｜ Why You Can Buy Ethereum at Half Price?
Based on the position of Ethereum as a core Web3 infrastructure, we are bullish on Ethereum Trust (ETHE), a Grayscale Trust product, rebounding in performance in the potential bull market.
Ethereum Unstaking Requests Now Face About a 17-Day Wait
The line is getting longer: Ethereum validators that have put in withdrawal requests following last week's Shanghai upgrade will have to wait upwards of 17 days to get their staked ether (ETH) back, according to data from the blockchain analytics firm, Nansen.
Total Staked ETH Tokens Keeping Surge Higher – What This Means for the Ethereum Price
Total staked ETH tokens were at 18.62 million on Monday as per data presented by crypto analytics firm Glassnode. That’s an increase of nearly 500,000 in one week, the fastest pace at which the total number of staked ETH tokens has risen since late February.
