Ethereum Rallies to $1,350, but Derivatives Metrics Remain Neutral to Bearish
Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics.
Binance Customer Withdrawals Exceed $3 Billion in 24 Hours
Behemoth crypto exchange Binance has seen massive withdrawals in the past week and—on Tuesday—the highest amount of one-day withdrawals since June, Nansen <a href="https://twitter.com/nansen_ai/status/1602618067598442503?s=20&t=C7L3gMFfEQF9Oq5pbgSWng" target="_blank">data</a> has revealed.
Lido’s TVL Falters, Thanks to the Decline in the Price of These Ruling Altcoins
Leading <a href="https://ambcrypto.com/predictions/ethereum-price-prediction">Ethereum [ETH]</a> staking platform <a href="https://ambcrypto.com/predictions/ethereum-price-prediction">Lido Finance [LDO]</a> suffered a decline in its total value locked (TVL) in the last week due to a decline in the value of native tokens, including <a href="https://ambcrypto.com/predictions/matic-network-price-prediction">Polygon’s MATIC</a>, <a href="https://ambcrypto.com/predictions/solana-price-prediction">Solana’s SOL</a>, and leading altcoin ETH.
BudBlockz (BLUNT): The Promising ERC-20 Token That Will Dominate The Ethereum Ecosystem
The Ethereum ecosystem continues to grow in popularity thanks to a loyal community betting big on the development of decentralized applications (dApps) and decentralized finance (DeFi) products. While there are thousands of ERC20 tokens, knowing which token or project to invest in takes time and effort. This is why it is worth keeping an eye on BudBlockz (BLUNT) - a new ERC20 token that offers unique investment opportunities while trying to solve real-world issues.
Tether Helps Binance Swap 3 Billion USDT to Ethereum From Tron
Tether announced that it's assisting crypto exchange Binance with a “chain swap,” which involves converting 3 billion USDT to the Ethereum network from the Tron network.
Polygon’s NFT Market Demonstrates Signs of Significant Increased Adoption, but Not Growth in Sale Volume
Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows.
$ETH: Withdrawal of Staked Funds Could Become Possible by March 2023
According to a report by The Block, at Ethereum Core Devs Meeting #151, which was held on 8 December 2022, a provisional timeline for the completion of the Shanghai upgrade, also known as Ethereum Improvement Proposal (EIP) 4895, was set. This upgrade will enable users to withdraw their staked funds from the Ethereum blockchain, a feature that is currently not available. According to Cointelegraph, “developers will aim for May or June 2023 to launch the Ethereum Improvement Protocol (EIP) 4844 upgrade that will introduce proto-danksharding to the network.”
Paxful To Delist Ethereum Following Push for Integrity Post-Ftx
Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.”
Crypto Ideas Worth Exploring, Check What’s Dominating Crypto Discussion
The list is not necessarily an extensive explanation (I would need to write one full article for each), but merely a general introduction to the topic mentioned.
