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ETH
Ethereum Surges Ahead of Merge Event
Delphi Digital Markets Associate Jason Pagoulatos discusses the potential factors driving ETH's price higher as it surges roughly 12% in the last 24 hours ahead of its merge with the Beacon Chain to transition from proof-of-work to a proof-of-stake consensus model. Plus, the impact of China's slowing GDP growth on global finance and other macro headwinds to watch.
Wobble in stETH's Price Shows Fear Celsius Might Dump $435M Stake
The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.
Nansen Research: Terra Collapse Triggered StETH’s Depeg
As the Three Arrows Capital (3AC) fiasco continues to ripple through the industry, staked ETH (stETH) has “depegged” from its prior one-to-one relationship with the spot market value of ether.
Ukraine Sells Donated CryptoPunk NFT for $100K to Support War Effort
Ukraine has sold CryptoPunk #5364, the highly valued NFT it received as a donation in March during its fundraising campaign against Russia’s attacks. Alex Bornyakov, the country’s deputy minister of digital transformation, announced the sale in a tweet. The NFT was sold to an anonymous buyer for 90 ETH, worth roughly $100,000.
Expensive NYC Building Listed on NFT Marketplace OpenSea
A New York City office building went on sale for $29 million, with the rights to purchase the property listed as a non-fungible token (NFT) on OpenSea. The listing’s price, however, was set in ether (ETH), which has plummeted over 40% since the start of June.
Ethereum’s Ropsten Testnet Has Completed Its Merge
This first testnet dress rehearsal sets the stage for Ethereum’s pending transition to proof-of-stake.
Bitcoin Drops Below $29K, Traders Assess Fed Minutes
Amid a sea of red for BTC and other major cryptocurrencies, tastytrade Chief Market Strategist JJ Kinahan discusses his crypto markets analysis and outlook, sharing insights into retail activity, impact of rising inflation on price action, and why BTC and ETH could be the top gainers in the long-term.
Beeple’s Twitter Hacked for ETH Phishing Scam
Graphic artist Mike Winkelmann, known in the NFT world as @beeple recently had his Twitter account hacked to promote a phishing attack that stole victims’ ETH funds. “The Hash” group discusses the need for education about cold storage as hacks continue to plague the crypto ecosystem, and holding Web 2 companies accountable for allowing these attacks and scams on their platforms.