Ethereum (ETH) has reached a significant milestone, with 24% of its total supply now staked. This development reflects a growing tendency among ETH holders to prioritize earning passive income through staking rather than selling their assets for immediate price appreciation. This shift highlights the holders increasing confidence and commitment to the networks future.

A failed attempt to breach $2.9 resistance despite massive pump in volume activity indicated the KAVA price respect an inverted wedge pattern Published June 1, 2022Updated June 2, 2022 On May 13th, the KAVA price bounced back from the $1.6 mark. The resulting recovery gained 82% after hitting the overhead resistance of $2.9. However, this recovery rally resonates with a rising wedge channel of the inverted flag pattern, suggesting the coin price may eventually drop back to the $1.6 mark.

The three biggest cryptocurrencies Bitcoin, Ethereum, and XRP are currently flashing warning signs, according to data from on-chain analytics firm Santiment. The indicator raising eyebrows is the Percent of Total Supply in Profit, which tracks the percentage of a cryptocurrencys circulating supply currently sitting in profit.

Bitcoin, which suffered last year from congestion as the oldest blockchain got bogged down with experiments in NFTs and tokens, could see growth of auxiliary layer-2 networks to address the network's inherent limitations, according to a new report. Existing solutions like Lightning Network could see growth, but new projects are also in the works, according to the "Bitcoin Layers" report Thursday by the Singapore-based blockchain asset-management Spartan Group and Kyle Ellicott, who recently served as a partner at the Bitcoin Frontier Fund. Such a trend would appear to take insight from Ethereum's architecture.