Crypto Market Crashes as Liquidations Exceed $350 Million in 24 Hours
The global crypto market experienced a 5% drop in market cap, totaling $1.05 trillion in the past 24 hours, with over 170,000 traders liquidated for a total of $350 million. Bitcoin and Ethereum both saw significant drops in price, with Bitcoin falling to a 24-hour low of $25,500 and Ethereum falling to a low of $1765. Altcoins such as Filecoin, Polygon, Cardano, Solana, Chiliz, Sandbox, Decentraland, Axie Infinity, and Shiba Inu all fell more than 20%. The market crash was attributed to various factors, including the US SEC lawsuits against Coinbase and Binance, Binance.US stopping USD fiat support, and Robinhood delisting Solana, Cardano, and Polygon.
Ethereum Developer Proposes Final Changes for Cancun Upgrade, ETH Price Soars
An Ethereum developer proposed final changes to the upcoming Cancun upgrade, which has been a topic of discussion among developers for months. The main focus of the recent "All Core Developers Consensus Call" was on blobs, chunks of data that can be added to the Ethereum blockchain. The developer conducted an experiment to test the network's ability to handle large blocks with additional data and suggested increasing the maximum number of blobs per block and reevaluating the deadline for receiving blocks. The team also discussed making modifications to EIP-4788 to control the growth of the blockchain's state. These developments could have a positive impact on the price of ETH, which has been growing in value and velocity over the last few days.
Ethereum Co-Founder Vitalik Buterin Outlines Three Technical Transitions Crucial for Ethereum's Success
Ethereum co-founder Vitalik Buterin has outlined a roadmap for the blockchain's success, which includes three key technical transitions. These transitions are Layer 2 scaling, wallet security enhancement, and privacy measures.
Cryptocurrency Market Sees Mild Inflows, Bitcoin and Top 10 Digital Assets Post Gains
Over the past 24 hours, the cryptocurrency market experienced a slight net inflow of $0.23 billion, bringing the total market cap to $1.11 trillion, a 0.22% increase. Bitcoin's market cap rose by 0.55% to $515.53 billion, while Ethereum's market cap fell by 0.14% to $221.42 billion.
Ethereum Holds Steady at $1,800 Support Level Despite SEC Legal Actions, Staking Withdrawals and Development May Boost Price
Despite facing legal actions by the SEC, Ethereum has maintained its support level at $1,800 and has seen a 53% increase since the beginning of the year. Its chart suggests a potential rise in the near future, and it is unlikely to face delisting like other layer-one utility tokens.
Global Crypto Markets See Mild Gains as Bitcoin Attempts to Re-Claim $27K Mark
The global cryptocurrency markets experienced slight gains at the start of the day, with the overall market cap increasing by 0.8% to reach $1.1 trillion. Bitcoin also saw mild gains, with a 0.3% increase in valuation to reach $26,490, although its trading volume dropped by 31% within 24 hours. Ethereum also experienced slight gains, while altcoins such as Ripple and Dogecoin saw increases, but Cardano and Litecoin experienced drops.
Ethereum Developers Agree on Scope of Upcoming Upgrade "Dencun"
Ethereum developers have finalized the details of the upcoming hard fork upgrade, known as "Dencun." The upgrade will include five Ethereum Improvement Proposals (EIPs) that aim to increase data storage and reduce fees. The main feature of the upgrade is EIP-4844, also known as proto-danksharding, which will scale the blockchain by creating more space for data. The hard fork is expected to take place by the end of 2023, and developers can now begin rigorous testing of the upgrade.
Ethereum Founder Vitalik Buterin and Crypto Charity Crypto Relief Co-Founder Sandeep Nailwal Announce Another $100 Million in New Coronavirus Research Projects
Ethereum founder Vitalik Buterin and crypto charity Crypto Relief co-founder Sandeep Nailwal announced that they will invest another $100 million in Covid research projects. The funds will be distributed through the Kanro entity and focus on improving indoor air quality, treatment and prevention of long-term Covid symptoms, among other things. Global problems require global solutions, Buterin said, and public health solutions should respect people's rights and freedoms and be widely accessible.
Kraken Launches NFT Marketplace Supporting Over 250 Tokens Across Ethereum, Solana, and Polygon Blockchains
Kraken, a cryptocurrency exchange, has officially launched its NFT marketplace after beta testing, offering support for over 250 NFTs across Ethereum, Solana, and Polygon blockchains.
Circle Announces Native USDC Integration on Arbitrum
Circle announced that USDC is now natively available on Arbitrum, a leading L2 scaling solution for Ethereum. With a Circle Account, businesses can access on/off-ramps for Arbitrum USDC and readily swap USDC across supported chains, avoiding the costs and delays associated with bridging. Developers choose Arbitrum USDC to build on a stable foundation that’s native to Arbitrum and officially supported by Circle.
