Ethereum Whale Linked to Vitalik Buterin Transfers $3.76 Million to OKX Exchange: Possible Implications and Reasons for the Move
The recent transfer of 2,013 Ethereum (ETH) worth approximately $3.76 million by a whale linked to Vitalik Buterin to the OKX crypto exchange has sparked speculation within the crypto community about its potential implications. However, it is important to approach this transaction with a balanced perspective as it could be part of a larger plan to rebalance the whale's crypto portfolio or cover personal costs.
Alluvial Raises $12 Million in Series A Round for Liquid Staking Protocol Catering to Institutions Amidst Regulatory Uncertainty
Alluvial, the software company behind Liquid Collective, has raised $12 million in a Series A round co-led by Ethereal Ventures and Variant. Other backers include Brevan Howard Digital, Coinbase Ventures, Kraken, and Avon Ventures. Liquid Collective offers a protocol for "liquid staking" for Ethereum, catering to institutions and traditional finance.
Ethereum Blockchain Game Pikamoon Raises $3.6m, Final ICO Phase Selling Out Fast
ChainwirePikamoon, a new Ethereum blockchain game, has raised $3.6 million in its ongoing ICO to enhance the Ethereum ecosystem and transform the blockchain gaming industry. The game will offer an immersive metaverse experience and a unique earning model that allows players to withdraw their in-game rewards directly to their wallet or bank account without a third party.
Global Market Cap Increases by 1.8% in 24 Hours as Bitcoin and BNB See Bullish Activity
The global market cap increased by 1.8% during today's bullish market session, reaching $1.19T. Bitcoin saw a 1.7% rise in price, with a 67% increase in trading volume, but faces resistance at the $31K level. Ethereum also had a mild day with a 1.6% gain in price and a 25% increase in trading volume, while Compound and BNB had good sessions with gains of 8% and 6% respectively. Other notable gainers include PEPE and Pepe 2.0.
Ethereum Price Attempts Fresh Increase, Could Rally Above $1,900 Resistance
Ethereum is attempting to increase in value from $1,825 against the US Dollar, with the potential to rally if it surpasses the $1,900 resistance level. The price is currently trading above $1,865 and the 100-hourly Simple Moving Average, with a major bearish trend line forming near $1,900 on the hourly chart of ETH/USD. If the pair can close above $1,900, it could lead to a decent increase towards $1,975 and even $2,000.
Web3 Venture Funding Plummets 80% in Q1 2023, Could Decline Further: Report
According to K33 Research, venture funding for Web3 has decreased by 80% in the first quarter of 2023 compared to the same period last year. The Block Pro's data also shows a significant drop in investment, with only $2.8 billion invested in Q1 of this year compared to $13.5 billion in Q1 of 2022.
20% of Ethereum Supply Now Staked, Reaching Milestone in Proof-of-Stake Transition
On Monday, Ethereum reached a milestone with just under $45 billion or 20% of its circulation being staked. This involves people pledging tokens to the network to keep it secure and receiving rewards for doing so. Currently, close to 24 million Ethereum is locked up across 744,000 validators that process transactions. Ethereum's transition from proof-of-work to proof-of-stake has been successful and is friendlier on the environment, according to prominent venture capitalist and crypto analyst Adam Cochran.
Bitcoin NFT Collections Outpace Ethereum in Sales Volume
Bitcoin NFT collections have seen a significant increase in sales volume, surpassing Ethereum's NFT sales. The rise of Bitcoin Ordinals, which represent NFTs created on the Bitcoin network, has contributed to this trend.
Scammer Nets Over $315,000 Worth of Ethereum Through Creation and Abandonment of Meme Coins
A scammer, whose identity is unknown, has managed to make more than $315,000 worth of Ethereum by creating and abandoning meme coins. The scammer's strategy involved creating a meme coin with a small amount of Ethereum, providing liquidity to gain investor trust, and then removing the liquidity once sufficient investment was attracted.
Ethereum Co-Founder Vitalik Buterin Believes Bitcoin Needs Scalable Solutions Like ZK Rollups to Expand Beyond Payments
During a Twitter space hosted by Bitcoin developer Udi Wertheimer, Ethereum co-founder Vitalik Buterin suggested that Bitcoin needs scalable solutions like zero-knowledge (ZK) rollups to become more than just a payment network. ZK-rollup chains are off-chain protocols that operate on top of the Ethereum blockchain and offer a more scalable and faster way to verify transactions without sharing critical user information.
