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Ethereum Co-founder Vitalik Buterin Transfers $8M in ETH to New Wallet Nostra expands to Ethereum-compatible Monad following community vote A Guide To Ethereum Wallets: What They Are And How To Use One Ethereum Whale Spend $1.7m on Two Exciting Memecoins PEPU and MPEPE Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network Ethereum Pectra Upgrade: Key Developments and Upcoming Changes Ethereum turns inflationary for the first time in two years amid July network slump Musk’s “True Love” Artwork, Starbase 2050, Hits $800,000 at Sotheby’s Auction Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution

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Ethereum Co-founder Vitalik Buterin Transfers $8M in ETH to New Wallet

Additionally, Buterin sent an extra $441 million worth of the same token to Gitcoin, to support the platform’s mission to improve security within the crypto industry. Ethereum co-founder and prominent figure in the crypto industry Vitalik Buterin recently transferred $8 million worth of ETH to a new wallet address, sparking speculation about a potential donation to charity. Historically, Buterin has moved substantial amounts of Ethereum to various wallet addresses, which often turned out to be donations supporting charitable organizations and other noble causes. This caused Lookonchain to believe the latest transfer of 3,000 ETH worth approximately $8 million could “possibly...

09.08.2024

Nostra expands to Ethereum-compatible Monad following community vote

Nostra leverages Monad's EVM parallelization for broader DeFi applications. Key Takeaways Nostra's community voted 43.3% in favor of expanding to Monad. Monad's EVM parallelization will support Nostra's DeFi and payment apps. Nostra, a Starknet-based decentralized finance (DeFi) project, announced today its plans to deploy on Monad, an Ethereum-compatible Layer 1 blockchain. This move marks Nostra’s expansion into the EVM-compatible space, following a community-driven decision process. The decision to partner with Monad came after Nostra conducted a Twitter poll last week, asking its community to vote on potential expansion targets. Monad received 43.3% of the votes, surpassing other options such as...

09.08.2024

A Guide To Ethereum Wallets: What They Are And How To Use One

leading cryptocurrencies. Getty Images Ethereum Ethereum -1.3% wallets are essential for anyone interested in managing and securing digital assets like tokens and NFTs on the Ethereum network, the world’s leading proof-of-stake blockchain with a market capitalization that peaked at over $500 billion in 2021. This guide will explore what Ethereum wallets are, why they are used and the different types available. Whether you're a beginner or an experienced user, this article will help you understand why they are important, how to choose the right one, how to stay safe and the steps to set one up and use it effectively....

10.08.2024

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Ethereum Co-founder Vitalik Buterin Transfers $8M in ETH to New Wallet

Nostra expands to Ethereum-compatible Monad following community vote

A Guide To Ethereum Wallets: What They Are And How To Use One

Ethereum Whale Spend $1.7m on Two Exciting Memecoins PEPU and MPEPE

In a high-profile move that has captured the attention of the cryptocurrency community, an Ethereum (ETH) whale has invested a staggering $1.7 million in two promising memecoins: Pepe Unchained (PEPU) and Mpeppe (MPEPE) . This bold investment underscores the growing interest in innovative memecoins and highlights the strategic choices of high-net-worth individuals in the Ethereum (ETH) ecosystem. Ethereum Whale’s Bold Bet: A Closer Look at the Investment The recent investment by an Ethereum (ETH) whale reflects a strategic pivot towards memecoins that promise substantial returns. By allocating $1.7 million to Pepe Unchained (PEPU) and Mpeppe (MPEPE), this whale is betting...

Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network

Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the “taproot assets” protocol recently rolled out by Lightning Labs, seeks to bring all the benefits of LN to stablecoin assets. In a blog post, Speed stated that it “aims to expand the utility and adoption of both technologies, providing users with a stable-value option for quick and low-cost transactions.” Speed also highlights the privacy benefits of using USDT-L over USDT in other L1...

Ethereum Pectra Upgrade: Key Developments and Upcoming Changes

Topics discussed also include the transitioning from the Mplex protocol to the new yamux multiplexer to debating whether or not to include EIP 7688 in the Pectra upgrade, among many other things. On August 8, 2024, Ethereum core developers gathered for the 139th All Core Developers Consensus (ACDC) call. For the most part, the bi-weekly meeting, which was chaired by Ethereum Foundation researcher Alex Stokes, focused on the Ethereum Pectra upgrade. That is, the latest progress, as well as the obstacles being encountered with the ongoing upgrade. The discussions bordered on updates on network stability, development networks, and major enhancements...

Ethereum turns inflationary for the first time in two years amid July network slump

Uniswap remains top ETH burner despite 72.4% quarterly drop in burn rate. Key Takeaways Ethereum turned inflationary in Q2 2024, adding 120,818 ETH to its supply in Q2. Uniswap remains the largest ETH burner, despite a 72.4% drop in burn rate from Q1 to Q2 2024. Ethereum (ETH) has turned inflationary in 2024 for the first time since 2022. Despite burning 465,657 ETH since the start of the year, the network has added a net total of 75,301 ETH to its supply. The shift from deflationary to inflationary occurred in Q2 2024, as network activity declined. During this quarter, 228,543...

Musk’s “True Love” Artwork, Starbase 2050, Hits $800,000 at Sotheby’s Auction

PRESS RELEASE. New York, December 10, 2024 — Rui Huang’s Starbase 2050 achieved a remarkable $800,000 bid during Sotheby’s Digital Art Day Auction, with crypto whale @commandereeve leading the competition. The auction continues to draw global attention. Rui Huang, a visionary digital artist, is renowned for his sci-fi animations, which have garnered over half a billion views and praise from Elon Musk. Musk has shared Huang’s work eight times, calling attention to his innovative creations. Starbase 2050 portrays a futuristic Earth spaceport, symbolizing a future where space exploration unites humanity. Its detailed animation reflects Rui Huang’s talent for blending art...

Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity

On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a bearish trend across various timeframes. Ethereum The 1-hour chart highlights ethereum’s recent recovery from $2,508.6 to $2,720, accompanied by increasing volume, indicating some short-term bullish momentum. Despite this, the price is struggling to maintain levels above $2,700, signaling potential difficulties ahead. Should ethereum fail to...

PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution

Pepe Unchained (PEPU), one of the most talked-about new meme coin projects, has just passed $8 million in its presale phase. But this isn’t just another quick cash grab. The team is on a mission to build a powerful new Layer-2 solution – with speeds and fees that could give Ethereum a run for its money. Pepe Unchained Plans Meme Coin Paradise Powered by Layer-2 Tech So, why all the excitement around Pepe Unchained? It’s down to the planned Layer-2 network, which the team hopes will be the place for all things meme coins. For those unaware, Layer-2s are like...