Long Traders Bear Brunt as Bitcoin, Ether Slide Spurs $220M in Liquidations
Kraken's settlement with the U.S. Securities and Exchange Commission over its liquid staking platform spurred a market decline, with the impact felt most by futures traders betting on further growth.
Ethereum Price Risks 20% Correction Amid SEC’s Crackdown on Crypto Staking
Ethereum's native token, Ether (ETH), saw its worst daily performance of the year as the U.S. Securities and Exchange Commission (SEC) stopped Kraken, a cryptocurrency exchange, from offering crypto staking services.
Ethereum NFT Market Cap Dropped More Than 59% Over The Last Year
On February 9th, DappRadar published a report showing that the Ethereum NFT market cap value fell by 59.60% from $9.3 billion in 2022 to around $3.7 billion in early 2023. DappRadar’s study is based on the marketcap analysis of 81 of the largest NFT collections running on the Ethereum network. According to DappRadar the collapse of Terra Luna in May 2022 was the main cause of the 88% market cap loss of NFT projects running on Ethereum by June 2022. (cryptopotato)
More Than 100,000 ETH has Gone Through MEV-Boost Since The Merge
The amount of ETH distributed via the maximal extracted value (MEV) tool from Flashbots, MEV-Boost, recently surpassed 100,000 ETH ($162 million) since the Ethereum Merge last September, according to the MEV-Boost Dashboard. The milestone is a “success story if you compare it to the state of block building before The Merge,” Flashbots strategy lead said. (The Block)
Crypto Morning Briefing: Kraken Ends Staking Program in $30M Fine; 3AC Co-Founders Launch Open Exchange
NY regulator is investigating Paxos; Ethereum co-founder Joe Lubin says no chance ETH is classed as security; Worldcoin to raise $120M at $3B token valuation.
Ethereum Co-founder Joe Lubin Says No Chance ETH Is Classed As Security
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether (ETH) won’t be classified as a security in the United States.
Report: The Decline of Ethereum NFT Collection Market Caps
2022 was a challenging year for the NFT market and the dapp industry as a whole. Despite the misadventures and demands, some NFT collections still managed to thrive and appreciate their market cap.
Aave Deploys Native Stablecoin GHO on Ethereum Testnet
Aave, one of crypto’s largest decentralized finance (DeFi) protocols, has deployed its native stablecoin GHO on Ethereum’s Goerli testnet, Aave Companies, one of the firms that develops the lending protocol, announced Thursday.
Ethereum Instead of Bitcoin, Says a16z Founding Partner Marc Andreessen
Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014.
Is an Explosion of Ethereum on the Horizon? ETH Turns Deflationary Amid Rising Gas Fees
Ethereum continued its bullish climb over the weekend before stalling at the beginning of a new week. The second-largest crypto has now reclaimed the pre-FTX crash price. In just one week, the price of Ethereum has recovered by 17% and looks unstoppable to the $1,650 resistance, according to data provided by CoinMarketCap.
