Analysts from QCP Capital have indicated that the imminent decision on the approval of spot Ethereum exchange-traded funds (ETFs) could lead to a significant short squeeze, potentially driving the price of ETH back to recent highs. This prediction comes despite the current cautious sentiment among investors. In a recent report, QCP Capital analysts highlighted a ...
An unfortunate investor recently fell victim to a sophisticated phishing attack, losing more than $101,000 in multiple cryptocurrencies across several blockchains. According to Blockchain security firm PeckShield, the investor’s address was compromised, resulting in the theft of over 237.8 billion OSAK tokens worth $66,682 from the Osaka protocol, and 287 billion CAW tokens valued at ...
In an interview with crypto.news, Paul O’Leary, CTO of Polygon Labs, detailed how Polygon’s zkEVM technology is set to revolutionize Ethereum’s scalability by reducing transaction costs and increasing throughput. Launched as an open-source mainnet beta in March 2023, Polygon’s zkEVM technology aims to significantly alleviate network congestion on Ethereum by batching transactions off-chain and posting ...
Ethereum layer-2 project Eclipse is undergoing a leadership transition following sexual misconduct allegations against its former CEO, Neel Somani. Somani, the founder and now ex-CEO of Eclipse, has stepped down from his position. According to a May 16 announcement from Eclipse Labs, Vijay Chetty will take over as the new CEO “effective immediately.” Eclipse’s announcement ...
Bitcoin and Ethereum, along with stocks, saw a significant price uptick after the release of the April U.S. inflation data. The Consumer Price Index (CPI), which tracks the average change in prices paid by urban consumers for a basket of goods and services, reported a 3.4% increase in consumer prices over the past year. This ...
Richard Meissner, co-founder of Safe, believes that Ethereum’s account abstraction will set a new security standard for blockchains and significantly enhance self-custody capabilities. Experts are rallying behind a proposal from Ethereum co-creator Vitalik Buterin and other developers to upgrade account abstraction, which is considered a key factor for mass adoption. Account abstraction allows standard wallet ...
In a recent analysis, Bloomberg’s senior ETF analyst Eric Balchunas has suggested that the Securities and Exchange Commission (SEC) is unlikely to approve spot Ethereum ETFs due to its classification of Ethereum (ETH) as a security. Balchunas highlighted the SEC’s stance on Ethereum, emphasizing that the regulatory body views ETH as a security. He pointed ...
Recent data shows a significant drop in transactional fees on the Ethereum network, reaching a low not seen in seven months, with fees plummeting to $1.7 per transaction on May 12. The decline in Ethereum’s average transaction fee to its lowest level in seven months coincides with the increasing competition from layer-2 networks, which are ...
After seven years of dormancy, the hacker responsible for stealing 150,000 Ethereum (ETH) from the Parity Multisig Wallet in 2017 has begun laundering a portion of the stolen funds. Laundering Initiated: The hacker recently transferred $9 million worth of ETH to an exchange platform, eXch, initiating the laundering process with a batch of 3,050 ETH. ...
In response to discussions with the U.S. Securities and Exchange Commission (SEC), ARK Invest and 21Shares have opted to remove the staking feature from their proposed Ethereum (ETH) exchange-traded fund (ETF). This decision marks a significant strategic pivot, transitioning from an in-kind redemption model to a cash creation and redemption approach. The move to eliminate ...
