Consensys has announced that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0. This decision implies that the SEC will not allege that sales of ETH are securities transactions. The announcement follows a request from Consensys to the SEC to affirm that the approval of ETH exchange-traded funds…
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The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a successful year-end. The recent strong upward trend in Ethereum aligns with Bitcoin’s continuous attempt to break above $41,000, which it did today. As of the time of writing, the…
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Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul…
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The proposal received mixed reactions from the crypto community, with some users stressing that it would make the network more centralized. Ethereum core developers plan to implement a 64-fold increase in the minimum amount of staked Ether (ETH) required to become a validator, from 32 ETH to 2048 ETH. The proposal was made during a…
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SafeMoon hacker said the exploit wasn’t intentional plans to return majority of the exploited funds. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This week in DeFi saw the hacker behind the $8.9 million SafeMoon…
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Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage. Ethereum network’s gas fee skyrocketed to a new multi-month high amid a growing memecoin frenzy. The high transaction fee has swelled Ethereum’s daily revenue multifold compared to Bitcoin (BTC). While Ethereum proponents celebrated the growth in…
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Contract upgrades, admin changes and protocol tweaks can now be made using standard APIs that were previously unavailable on Base. The OpenZeppelin Defender smart contract security platform has now integrated with Coinbase’s Base network, allowing Web3 app developers on Base to automate security tasks. According to an April 19 announcement from blockchain cybersecurity firm OpenZeppelin,…
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Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant number of addresses have restaked their ETH. The Ethereum blockchain underwent a successful Shapella upgrade on April 12, allowing validators to withdraw their staked Ether (ETH) from the Beacon Chain after three years. After seeing over 1…
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The top 100 DeFi tokens surged along with the broader crypto market as the total value locked peaked at a new yearly high of over $54 billion. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The past…
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While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether’s price in the mid-to-long term, according to Vivek Raman. While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as…
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