If successful, Ethereum’s Merge will cause a sea change in ETH supply and value
The Merge, one of this year’s biggest crypto events, is now due to happen next month. Why is it so hotly anticipated — and feared?
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Liquidity crunch may loom for Bored Ape-collateralized loans as floor price slides
Not every NFT collection is facing the same issue, but due to the collection’s outsized influence it could have a significant impact on the rest of the Ethereum NFT ecosystem.
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USDC whales leave, trading volume soars
The percentage of stablecoin USD Coin (USDC) supply held by the top 1% addresses dropped to a 22-month low on Monday, while USDC average trading volume in seven days surged to an all-time high on the same day, according to crypto data dashboard Glassnode. See related article: Vitalik Buterin says he used Tornado Cash to…
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Crypto exchange Gemini launches MATIC, ETH, SOL and DOT staking
The New York-based crypto exchange said its staking service will allow customers to stake their cryptocurrencies and receive rewards within their Gemini account. See related article: Gemini sued over US$36 mln Bitcoin and Ethereum hack Fast facts Gemini Staking will be available for users across the U.S. (excluding New York), Singapore, and Hong Kong, the…
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ETHPoW token price drops to all-time-low on Thursday
ETHPoW, the token that will run on a potential Ethereum PoW fork, fell to an all-time low of US$50.36 on Thursday, down 64% from its Aug. 2 peak, according to CoinMarketCap. See related article: Chandler Guo tells why he is the man who would hard fork Ethereum Fast facts The ETHPoW token is currently only…
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Mining rig maker Canaan shares nudge up, profit expanded in Q2
Shares of cryptocurrency mining rig maker Canaan traded up 0.77% in U.S. trading on Thursday after the company said net income expanded in the second quarter from a year earlier despite the fallout from Covid-19 lockdowns in China and challenging market conditions. See related article: Chinese mining rig maker Canaan says global expansion on track…
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CME, world’s biggest derivatives exchange, to offer Ether options in September
CME Group – the world’s biggest operator of financial derivative markets, including the Chicago Mercantile Exchange – on Wednesday said it will offer options on Ether futures starting Sept. 12, pending regulatory review. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts See related article: ETH futures…
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EU seeks to limit banks’ crypto exposure
European Union (EU) banks with exposure to highly volatile cryptocurrencies like Bitcoin should face higher capital requirements, according to a proposed amendment to a European financial services law. See related article: Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen Fast facts Crypto assets like Bitcoin, which are considered…
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Coinbase would shut down ETH staking under regulatory threat, says CEO
Responding to a hypothetical scenario on Twitter, Coinbase CEO Brian Armstrong said that the company would shut down its Ethereum staking services to preserve the blockchain network’s integrity, in the event of a regulatory crackdown. See related article: BlackRock, Coinbase partner to extend crypto trading to institutional investors Fast facts The hypothetical question was posted…
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U.K. consortium to test stablecoin payments
Digital FMI Consortium, a group of private-sector companies, plans to examine cross-border payments and make recommendations to the Bank of England using its own sterling-backed coin, dSterling. See related article: Next step for spot Bitcoin ETF in the US may be a courtroom battle Fast facts The consortium announced Project New Era, which will deploy…