Ethereum chalked up a significant comeback, overcoming the $2,800 resistance level which it has been struggling to overcome for months. This most recent increase represents a critical breakthrough for the cryptocurrency. It commanded a 10% market share for the first time since 2020. This shows a strong emerging trend for...
We’re excited to announce that the Ethereum Foundation is supporting Roman Storm, a developer associated with the controversial crypto mixer Tornado Cash. This backing follows his conviction on multiple counts of money laundering. This decision follows the recent sentencing of another Tornado Cash coder, Alexey Pertsev. It does show how...
Etherealize recently published our Ethereum long-term valuation report that estimates Ethereum’s long-term valuation at $89 trillion. This forecast represents a potential future value of the crypto asset of more than $740,000 per BTC. This bullish forecast takes for granted that Ethereum deserves every bit of the swagger of a global...
Ethereum has officially completed one of the most ambitious global experiments in history. The combined ETH locked into its Proof-of-Stake (PoS) system has recently reached an all-time record. Currently, 34.6 million ETH worth just under $90 billion are staked — a sign of growing confidence in the Ethereum network. A...
SmartLink, a B2B sports betting technology firm, has attracted attention with its colorful headlines. They strategically bought 176,271 ETH ($462.95 million + fees) around June 13 during the current crypto bloodbath. It’s hard to deny this $300 million+ acquisition is a verification of Ethereum by a massive corporation. SharpLink’s acquisition...
SharpLink Gaming, Inc. (Nasdaq: SBET), a Minneapolis-based company, has made a significant move into the digital asset space by acquiring 176,270.69 ETH for an aggregate purchase price of $462,947,816. SharpLink really gets strategic acquisition at approximately $2,626 per ETH. With this step, the company becomes one of the earliest Nasdaq-listed...
Despite being one of the smallest projects by market cap, Dogecoin’s network activity has recently exploded, surpassing both Bitcoin and Ethereum when measuring daily active addresses. This jump represents an increased interest and adoption of the meme-backed cryptocurrency. The data points to a marked increase in on-chain metrics, indicating the...
Ethereum saw the steepest drop of the two, crashing more than 9% to under $2,500, falling below a key support level. Market Impact The crypto winter has led to confusion about which direction the short-term market will take. At the same time, Ethereum whales continue to fall. The price decline...
Sharplink Gaming’s stock price plummeted by nearly 90%. This drop came on the heels of the company’s announcement to register up to 480 million shares for resale. The filing affects almost 58.7 million common shares. Unsurprisingly, investors are spooked, and this has led to an 83% drop in the company’s...
The entire crypto market is bracing for a significant dip. Bitcoin, Ethereum, and XRP are all headed down as we approach the weekend. Given recent price action, it would be reasonable to assume a deeper correction is ahead for these assets. Bitcoin has not been able to regain its all-time...
