NFT Valuation Report: Which Ethereum Collections Outperformed the Market?
The NFT market has not only shown clear signs of economic recovery, but the number of brands and use cases adopting digital collectibles continues to rise and move beyond Ethereum.
SEC Hits Kraken With $30 Million Fine; Dubai Prohibits Privacy Coins | Cointime Weekly Feb.05 – Feb.11
Huobi to expand in Hong Kong as it bets on China; PayPal pauses stablecoin project amid Paxos probe; Ethereum co-founder says Ether won’t be classified as a security; Proof of Reserves for policymakers; Egyptian fintech MNT-Halan secures $400M.
Ethereum Cofounder Vitalik Buterin Donates 99 Ether to Ahbap Earthquake Support
Ethereum cofounder Vitalik Buterin donated about $150,000 in ether to Ahbap Earthquake Support to help with the recent disaster in Turkey and Syria.
NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week.
JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol
JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might reach 60% of the ether issued, a number already staked in other blockchain networks.
Despite Kraken Blow, ETH Remains Undeterred
At press time, the price of Ethereum (ETH) was at $1,552, down 5% from yesterday and 6% from one week ago. The fall coincided with a market-wide selloff brought on by Kraken’s agreement to stop providing any staking services to US-based clients and its payment of a $30 million settlement to the SEC.
Ethereum Sets February Date for Sepolia Testnet to Get Shanghai Hard Fork
Ethereum developers agreed on Feb. 28 as the target date for pushing the Sepolia test network (testnet) through the Shanghai upgrade, the blockchain’s big upcoming move to allow withdrawals of staked ether (ETH).
Ethereum’s Shapella Transition Is “On the Horizon”
The Ethereum Foundation team announced another milestone on the road to the Shanghai upgrade, with the Shapella fork on the Zhejiang testnet moving into the final pre-launch sequence, according to a blog post on Feb 10.
Aave Protocol V3 is Finally Live on Ethereum
After almost a year of testing, Aave Protocol V3 was launched on Ethereum. The developers promise a bunch of different features and, of course, a reduction in gas costs. And cbETH is now available on Aave V3 market on Ethereum.
Crypto Market Sheds $40B as Bitcoin, Ethereum Prices Sink
Bitcoin (BTC) fell another 4% over the day, changing hands around $21,830, according to data from CoinGecko.
