Ethereum whales are on the move: Is the altcoin bull starting?
Ethereum whales have accumulated more than 700 thousand ETH in the last three weeks, worth approximately $2.45 billion.
World of Cryptocurrency
Ethereum whales have accumulated more than 700 thousand ETH in the last three weeks, worth approximately $2.45 billion.
When the price of Bitcoin falls, other cryptocurrencies, namely altcoin projects, usually follow this decline. What are the reasons for this collapse?
The Ethereum ecosystem’s combined processes per second (TPS) reached an all-time high with the sudden TPS increase in Ethereum layer-3.
Some cryptocurrencies follow a contrary trend. Two of these names are Ethereum (ETH) and Uniswap (UNI coin).
Bitcoin whales raised $1.38 billion during price crash
In this week’s newsletter, we delve into the Ethereum layer-2 network Optimism’s delivery of “fault proofs,” a piece of functionality that was glaringly missing even though it was at the heart of the project’s security setup.
According to the information shared by the Bitcoin and altcoin analysis platform, investors are looking for buying signals by following liquidations.
The new feature aims to expand the accessibility of staking, which previously required an investment north of $100,000. But the project is still missing features offered by other staking platforms.
As Ethereum (ETH) tests $3500, CryptoQuant analyst ShayanBTC suggests that ETH could face further declines if current trends in the futures market fail to improve.
For years, Optimism was missing a core feature at the heart of its design: “Fault proofs.” On Monday, that tech is finally here.