Ampleforth Developer Debuts Ethereum-Based Inflation-Resistant Token
Fragments, the developer behind blockchain protocol Ampleforth, has launched an inflation-resistant token called spot in an effort to attract DeFi investors worried by rising prices.
Major Grayscale Digital Currency Funds Are Trading at 34% to 69% Discount to NAV
According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include the Grayscale Bitcoin Trust; Ethereum Trust, Ethereum Classic Trust, Litecoin Trust, ZCash Trust, Horizen Trust, Stellar Lumens Trust, and Livepeer Trust.
Ethereum Holders Could Access Their Staked ETH As Early as March 2023
This is after developers of the Ethereum network agreed on Thursday that the network’s next upgrade, known as ‘Shanghai’.
Ethereum Devs Plan to Enable Staked ETH Withdrawals by March 2023
Ethereum’s core developers determined on a call Thursday that a network upgrade permitting users to withdraw staked ETH could launch as early as March of next year.
Paradigm Releases ‘Ethereum for Rust’ To Help Ensure Network Stability
Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology office, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other languages.
Gnosis Chain Activates Its Own Version of the Merge, Transitions To Proof-of-Stake Network
Gnosis Chain, a privacy-focused blockchain, has activated its own version of The Merge, and transactions on the network are now being processed under a proof-of-stake consensus in a process similar to what <a href="https://www.theblock.co/post/169299/ethereum-activates-the-merge-as-it-shifts-to-proof-of-stake">happened</a> on Ethereum on Sept. 15.
Binance.US Removes Trading Fees For Ethereum Months After Doing Same For Bitcoin
Binance.US says it has immediately eliminated trading fees for Ethereum (ETH).
DeFi TVL Drops, NFT Market Performs Poorly in November: DappRadar
The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the services provided by the latter has taken a serious hit.
BitMEX Now Lets You Bet on Ethereum’s Daily Staking Rewards
Crypto derivatives exchange Bitmex is now letting traders bet on the daily value of staking rewards on the Ethereum blockchain.
Ethereum Sharks and Whales Add Nearly $700 Million in $ETH in Two Days
According to data from on-chain analytics firm Santiment, Ethereum shark and whale addresses – those holding between 100 and 1 million $ETH – now own two-thirds of the cryptocurrency’s supply after adding 2.1% more over two days in an accumulation trend. The firm noted that 561,000 $ETH, worth nearly $700 million, went into these addresses as their accumulation saw their holdings move back to pre-Merge levels. (cryptoglobe)
