The ETH 2.0 deposit contract can only be unblocked after the PoS transition, postponed to the latter half of the year. The deposit contract for staking Ethereum (ETH) on the Beacon chain reached a balance of 12 million ETH on Friday. The total locked value of Ether in the Eth2 contract is worth about $34.5…
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A renewed focus on decentralization, the steady growth of DeFi’s liquid staking sector and investment from institutions could benefit LDO token in the long-term. Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until…
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Analysts still expect Ethereum to hold its long-term bullish bias on bets that its highly-anticipated technical upgrade this year will be successful. Ethereum’s native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside…
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The wait for the long-awaited Ethereum Merge just got longer, leading analysts to discuss potential price outcomes for Ether. The rollout of Ethereum 2.0, or Eth2, includes a transition from proof-of-work to proof-of-stake that will supposedly transform Ether (ETH) into a deflationary asset and revolutionize the entire network. The event has been a trending topic…
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MetaMask has formed a new strategic partnership with four major crypto custodians: Gnosis Safe, Hex Trust, GK8, and Parfin. Decentralized finance (DeFi) wallet and browser extension MetaMask formed a new strategic partnership with four major crypto custodians; Gnosis Safe, Hex Trust, GK8 and Parfin. MetaMask Institutional (MMI), the institutional version of the popular Ethereum wallet…
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Veteran trader Scott Melker breaks down his crypto portfolio and explains why layer-1 protocols should play a central role in everyone’s investment strategy. Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker…
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From a Google trends spike to depleting supply, multiple catalysts have been hinting at more upside for Ethereum. Three market catalysts suggest that Ethereum’s native token Ether (ETH) is well-positioned to reach $4,000 this month. Google searches for “Ethereum merge” spike Internet users’ interest in Ethereum’s upcoming network upgrade, dubbed “the Merge,” surged substantially in…
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Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit. Ethereum’s native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido’s liquidity pools. The Singapore-based hedge fund manager provided liquidity…
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Ethereum bulls look to overcome major resistance at $3,000 as the community prepares for the merge of the Ethereum mainnet with the proof-of-stake Beacon Chain. A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as Bitcoin (BTC) continues to…
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Nearly $1.61 billion worth of Ethereum tokens has left crypto exchanges year-to-date, ahead of its protocol‘s potential full merge to proof-of-stake in summer. The amount of Ethereum‘s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders‘ intention to hold the tokens in hopes of a…
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