Ethereum

Summary: Polygon (MATIC) has launched an uncapped fund to assist Terra projects willing to migrate to its chain. Financing of the fund will come from $450 million already raised by Polygon, its treasury, and a $100 million ecosystem fund. Polygon is willing to deploy more capital for Terra projects migrating if needed. The fund’s launch

The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows.

Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a web3 future aren’t slowing down. On Wednesday, venture capital giant, A16Z, announced closing its fourth cryptocurrency fund at $4.5 billion. This brings the total money invested

Summary: Avalanche has submitted an Apecoin Improvement Proposal to the Apecoin DAO to migrate the Otherside metaverse as a subnet on its blockchain. The team at Avalanche points out that the AVAX chain has ‘rapid transaction processing, higher throughput, greater ability to scale and lower gas fees.’ Apecoin subnet will have its own customizable Ethereum

Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 AM UTC. The term reorg refers to an event in

Bitcoin (BTC) has been struggling to sustain above $30,800 since May 16, suggesting that demand dries up at higher levels. Similarly, US equity markets have not ceased to decline due to uncertainty regarding the number of rate hikes that will be needed to bring inflation under control.  As the crypto bear market deepens, analysts are

A Proof Collective member has fallen victim to a scam, losing 29 highly-valuable Ethereum-based Moonbirds. According to a tweet by Cirrus on Wednesday morning, the victim lost 29 Moonbird nonfungible tokens (NFTs) worth $1.5 million after clicking a malicious link shared by a scammer. 29 Moonbirds were just stolen in a hack. ~750e (~$1,500,000) in

Summary: Bitcoin’s value has been declining for a record-breaking eight consecutive weeks. The ongoing pullback has put a notable dent in the entire crypto market performance. Fear in the Bitcoin and Ethereum derivatives markets indicates that downside selling pressure will continue for the next three to six months. However, bear markets eventually usher in bull

Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from Coinglass. Ether/USD 12-hour price at Kraken. Source: TradingView The worsening market conditions

Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021.  According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, Bitcoin (BTC) was

Core Ethereum (ETH) developer Tim Beiko has outlined a series of suggestions and expectations about the upcoming Merge for applicatio and protocol developers on Ethereum. For the average users of apps and protocols, Beiko simply suggested testing things out to ensure nothing is broken as more tests are executed. He tweeted on May 24 “Run

The total crypto market cap regained some ground over the past few days and now sits around $1.37 trillion Bitcoin shows some sideways movement as traders debate over the possible bottom Ethereum trades just under $2100 as The Merge approaches Rich Dad, Poor Dad Author remains bullish on Bitcoin After a bloodbath in the cryptocurrency

Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against

In the space of a few short years, former high-school dropout cashier from Sweden Carl “The Moon” Runefelt has been transformed into a top crypto influencer who shares videos of his life of private jets, supercars and million-dollar watches that inspire his followers and annoy his critics.  Drawing from quantum physics, he has an explanation

A mysterious Redditor has made a data-driven prediction that the next major phase of development in the blockchain space will be in layer-2 solutions, primarily on Ethereum. The May 22 post explains that “We’re at a turning point” where the industry is moving away from bridging between L1 blockchains towards L2’s which are “right out

The Dow Jones Industrial Average has declined for eight consecutive weeks, the first such losing streak since 1923. On May 20, the S&P 500 briefly fell into bear market territory, indicating that traders continue to sell risky assets in fear of a recession.  Due to its tight correlation with US equities markets, Bitcoin (BTC) has