Crypto Twitter Generates Buzz for Opepen Edition NFTs
The 'Opepen Edition' Ethereum NFT collection, which features Pepe meme-inspired graphics and was initially curated by artist Jack Butcher, has experienced a surge in value and popularity thanks to social media hype. Despite being initially distributed for free, the floor price of the collectibles has risen from 0.47 ETH to 0.90 ETH in just five days, with a current floor price of 0.81 ETH.
Ethereum Grows in Market Cap Dominance Despite Volatility, Interest in Staking Rises
Despite facing significant fluctuations and high volatility in Q2 2023, Ethereum demonstrated resilience and attracted an influx of new users to its protocol. The platform displayed substantial growth in various aspects during this period, including an increase in market cap dominance.
NFT Artist Ellie Pritts Showcases AI-Generated Faces in First Solo Show at Bitforms Gallery
Los Angeles-based NFT artist Ellie Pritts has opened her first solo exhibition in New York City at the Bitforms gallery. The exhibition features eight animations that are available to mint as NFTs on Ethereum, as well as physical prints.
Dormant Ethereum ICO Participant Moves $116 Million Worth of ETH After 8 Years
An Ethereum ICO participant who had been inactive for over eight years has resurfaced and transferred 61,216 ETH, worth over $116 million, to crypto exchange Kraken. The participant had received the ETH for only 31 cents a coin at Ethereum's Genesis, worth around $18,980 at the time.
Bitcoin, Ethereum, and Ripple Show Mixed Performance as Markets Start Slowly
The global market cap has decreased by 0.4% to $1.2T, while the fear and greed index dropped to 55 from yesterday's neutral position of 57. Bitcoin is trading at $30.04K with a daily gain of 0.24% and a weekly decrease of 2.1%, and its volatility is decreasing as indicated by the Bollinger bands.
Lido's Staking Router Mechanism: A Marketplace of Stake Allocation
The transition of Ethereum's consensus mechanism from proof-of-work to proof-of-stake was a difficult task, but was accomplished without downtime. Lido, the largest liquid staking protocol, has also undergone improvements, including the addition of a staking router mechanism.
Ethereum's Account Abstraction Upgrade Could Revolutionize Crypto Wallet Management and Reduce Costs
At the Ethereum Community Conference in Paris, Ethereum co-founder Vitalik Buterin praised the elegance of modern account abstraction, which does not require changes to the underlying protocol. Account abstraction involves switching from Externally Owned Wallets to smart contract-based wallets, potentially making managing a crypto wallet as easy as managing an email account.
Crypto Whales Send Hundreds of Millions of Dollars Worth of Bitcoin and Altcoins to Exchanges As Markets Pause
In the past 24 hours, there has been an increase in activity from crypto whales, with large amounts of coins being sent to exchanges as the market shows signs of weakness. Whale Alert, a blockchain monitoring service, has reported several large transfers of Bitcoin and other digital assets from large entities to various crypto exchanges.
78% of Americans Believe Bitcoin Will Hit All-Time Highs, New Study Reveals
A recent survey conducted by CryptoVantage found that 78% of Americans who invest in cryptocurrency believe that Bitcoin will reach a new all-time high. 23% of respondents predicted this would happen within the next year, while 47% believe it will happen within the next five years.
Compound's Outstanding Debt on Ethereum Surpasses $1 Billion, Reflecting a Shift in the Crypto Market
According to The Block's data dashboard, the outstanding debt of Compound, a decentralized lending protocol on Ethereum, has exceeded $1 billion. This marks a significant shift in the crypto market, which was previously affected by a credit crisis in 2022, resulting in the bankruptcy of lenders such as BlockFi and Celsius.