Crypto Coins Reach New Highs: Bitcoin and Ethereum Surpass $31,000 and $19,000 Respectively
June 25 (Cointime) - Bitcoin and Ethereum reached new highs of $31,000 and $19,000 respectively on Sunday, contributing to a global crypto market cap of $1.20 trillion with a 24-hour gain of 0.43 percent.
Ethereum's On-Chain Movements Indicate Bullish Pressure Building Around Ether
June 24 (Cointime) - The balance of Ethereum held on exchanges has reached an all-time low, indicating reduced supply and a potentially bullish market. Additionally, there has been a surge in staking deposits since April's Shapella upgrade, with over 23 million ETH currently deposited in staking contracts. However, there has also been a surge in withdrawals from exchanges, which may be due to investor concerns over centralized exchanges. The technical charts suggest that if buyers can push above the resistance between $1,900 and $2,000, Ether could potentially reclaim $3,000.
Ethereum's DEX Volumes Decline as Interest in NFTs Remains Consistent with Falling Gas Prices
June 23 (Cointime) - Ethereum's daily DEX volume has decreased by 35% over the last month, but its TVL has surged, indicating that dApps and protocols on the network helped sustain value on the protocol. Gas prices on the network have reached a 5-month low, despite the declining DEX volume, indicating that the declining DEX volumes had little impact on the network's overall activity.
Crypto Analyst Predicts Huge Breakout for Ethereum-Based Altcoin The Graph ( $GRT )
June 23 (Cointime) - A popular crypto trader named Bluntz predicts that The Graph (GRT), an Ethereum-based altcoin, is poised for a significant breakout, with potential for a 150% increase from its current value. Bluntz cites the completion of an Elliot Wave Theory three-wave correction pattern and a breakout from an ascending triangle as indicators of GRT's potential success.
Gemini Launches Staking Pro in the UK, Allowing Users to Launch Ethereum Validators
June 23 (Cointime) - Gemini has expanded its Staking Pro to the United Kingdom, enabling UK users with 32 or more ETH to launch dedicated validators on Ethereum through Gemini's secure user interface. Staking Pro is a crypto staking product for institutions and high-net-worth individuals, currently available in over 30 countries.
OKX Ventures Contributes to Shutter Network's Ethereum MEV Solution
June 23 (Cointime) - OKX Ventures, the investment arm of OKX, the second-largest crypto platform by trading volume, has announced its strategic contribution to Shutter Network, an open-source project aimed at preventing malicious miner-extractable value (MEV) and front running on Ethereum. Shutter Network allows users to send encrypted transactions that are opaque to front runners, solving for MEV and front running while remaining decentralized and gas-efficient.
StarkWare's Volition to Reduce Ethereum Transaction Fees and Enable Micropayments
June 23 (Cointime) - StarkWare's new product, Volition, aims to lower Ethereum transaction fees and enable micropayments on the network, potentially increasing crypto adoption in developing economies. Volition also offers new use cases for Ethereum, including on-chain voting governance applications and purchasing in-game assets. By allowing developers to optimize the transaction process through selecting data availability modes for individual storage variables, Volition could significantly reduce transaction fees for small-value transactions. Additionally, Volition provides users with the ability to continue transacting with their assets even if other nodes in the system stop cooperating, potentially reducing gas fees by up to 90%. This feature could be particularly useful for trading on decentralized exchanges while prioritizing security. Volition is expected to launch on Starknet in Q3 2023.
Bitcoin and Ethereum Prices Retrace as Bank of England Hikes Interest Rates to Tackle Inflation
June 22 (Cointime) - Bitcoin and Ethereum prices experienced a downturn following the Bank of England's decision to raise interest rates by 50 bps to 5% in an effort to combat inflation.
Bitcoin Leads Bull Market as Global Market Cap Jumps 3.8% in One Day
June 22 (Cointime) - The global market cap has increased by 3.8% in a day of trading, reaching $1.18T as of press time, indicating continued bull domination. Bitcoin has seen a 4% gain within 24 hours of trading, now trading above the $30K mark, with a weekly gain of 20%.
Kakarot Launches zkEVM to Make Starknet EVM Compatible for Ethereum Scaling Solution
June 22 (Cointime) - Starknet, a scaling solution for Ethereum, is moving closer to being fully compatible with the Ethereum Virtual Machine (EVM) with the upcoming launch of Kakarot, a new zkEVM in August. Kakarot has received backing from Ethereum co-founder Vitalik Buterin, Ledger co-founder Nicholas Bacca, and Starkware.
