Author Archives:
What is EigenLayer? Ethereum’s restaking protocol, explained – Cointelegraph
EigenLayer, explained EigenLayer aims to eliminate a critical barrier many new DApps face by providing developers with an established security framework. Ethereum has come a long way since its launch in 2015. It has held its position as the most influential blockchain, successfully transitioned from proof-of-work (PoW) to proof-of-stake (PoS), and is the foundation for many innovative crypto projects
Hedgey Finance hacked for $44.7m on Arbitrum, Ethereum – crypto.news
On-chain token infrastructure provider Hedgey Finance suffered two exploits as attackers leveraged a bug in its token claims contract. According to alerts from security startup Cyvers, Hedgey Finance was hacked on April 19 across the Ethereum (ETH) and Arbitrutm (ARB) blockchains. Cyvers reported that the first attack was deployed on ETHs chain, and hackers stole around $1.9 million in crypto
Will Ethereum-Based Tokens Rebound As Top Altcoins Stumble Again? – Coinpedia Fintech News
The cryptocurrency industry continues to record bearish sentiment as top altcoins continue struggling to hold prices above their crucial support levels amid the ongoing market correction. Further, the leader of altcoins, ETH price, hovers close to the $3K mark, indicating a weak price action. Following this, the newly launched altcoins on the Ethereum blockchain have displayed a mixed sentiment by recording significant price volatility in their respective portfolios
Ethereum price data casts doubt on the strength of ETH’s support at $3K – Cointelegraph
Ether (ETH) price plummeted by 21% between April 9 and April 14, hitting a 50-day low. Although it has recouped some of its losses, Ether continues to show signs of weakness following a failed attempt to breach the $3,200 resistance on April 14. Traders now question if the $3,000 support will hold for longer
Degen Chain L3 now tops the TPS charts within the Ethereum ecosystem – Cointelegraph
Degen Chain, a new Ethereum layer-3 network, has recorded the highest transaction per second (TPS) count in the Ethereum ecosystem over the last 24 hours. Degens TPS count increased 62% over the last day to notch 35.7 TPS beating out the blockchain it was built on, Base, at 29.7 TPS, according to L2BEAT
Bitcoin fees top Ethereum for 3 days in a row as halving approaches – Cointelegraph
Fees on Bitcoin have surpassed Ethereum for three consecutive days as miners and traders prepare for the upcoming Bitcoin halving and, to a lesser extent, the introduction of Runes on Bitcoin. Bitcoin(BTC)miners cashed in $7.47 million in fees on April 17 about $160,000 more than the $7.31 million paid to Ethereum stakers, according to Crypto Fees
Ethereum liquid restaking drove DeFi TVL to $100B in first quarter – Cointelegraph
Decentralized finance total value locked (TVL) almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research. DeFi total value locked surged from a Q4 2023 low of $36 billion to peak at almost $97 billion in the first quarter of 2024, according to DefiLlama.
Why is Ethereum (ETH) price down today? – Cointelegraph
The price of Ethereum's native token, Ether (ETH), is down today, falling 3.45% to reach $2,990 on April 16. This decline is part of a correction that started on March 11, when ETH's price reached a three-year high of $4,095. Since then, the cryptocurrency has retreated by 27%, mirroring declines in the broader crypto market.
ETH price nears 3-year lows vs. Bitcoin Will an Ethereum ETF stem the tide? – Cointelegraph
The price of Ether (ETH) in Bitcoin (BTC) is nearing a three-year low. However, several key technical indicators are flashing bullish, and some analysts are anticipating potential gains ahead for ETH/BTC
Ethereum Poised for $1 Billion Profit in 2024 as DeFi Surges – Crypto Times
Ethereum is well-positioned to achieve $1 billion after netting an income of $365 million in the first quarter of 2024, alongside a year-on-year quarterly revenue growth of 155%. The networks Q1 2024 income represents a nearly 200% increase from the $123 million profit recorded in Q4 2023, according to analyst Michael Nadeaus report from The DeFi Report. Ethereum fees, charged for user transactions when making a payment, increased 155% compared to Q1 2023 since the figure jumped to $1.17 billion