Cubist Launches Bank-Grade Ethereum Key Management Service
Cubist also announced that Web3 staking provider Ankr is its first key management customer. Source
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Ethereum
Exchanges Receive $375M Influx of Ether Since Ethereum Shanghai Upgrade as ETH Price Hits 11-Month High
Before the upgrade, some crypto watchers worried that the event would flood the market with millions of unlocked ETH and crash the second largest cryptocurrency’s price, although others predicted little impact or that the price would rise. News of a seamless implementation pushed ETH’s price above $2,100 the day following,
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Ethereum Wallet Rainbow Helps Users Adopt Crypto – Crypto Projects to Watch 2023
“We did an extensive deep dive on available wallets, comparing things like onboarding time, network compatibility, etc. Rainbow came out ahead for our use case,” said Darrell Jones, CEO and co-founder of City3, a Oakland-based community currency nonprofit backed by Coinbase Giving and the Ethereum Foundation. Jones added that City3
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Scroll Aims to Be the Turtle That Wins the Ethereum Scaling Race
This decentralized, global team of developers is ignoring the urge to be the first to scale Ethereum. For its holistic approach to build broadly and transparently, Scroll is one of CryptoX’s Projects to Watch 2023. Source
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Bitcoin breaks $30,000 as ethereum hits $2k after Shanghai, global crypto adoption rising
This week was mostly bullish for crypto assets, particularly considering the stellar performance of top virtual currencies. The successful implementation of the Shanghai upgrade on Ethereum saw ETH, the native currency of the smart contracting network, push above $2,000 for the first time in 2023. Meanwhile, bitcoin (BTC) broke above
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About 300k ethereum withdrawn since Shanghai upgrade
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data analysis indicates that about 300,000 ETH have been withdrawn in the hours that followed the Shanghai upgrade. Withdrawals ensued after the Shanghai upgrade The Shanghai upgrade was completed on April 12, with millions of ETH freed from
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Lido Finance adds over $1b in less than 24 hours after Ethereum upgrade
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Lido Finance, a liquidity staking protocol supporting the various protocols, including Ethereum and Solana, remains the most dominant decentralized finance (DeFi) application as of April 14. Lido Finance’s TVL rising The total value locked (TVL) on Lido,
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Ethereum on-chain data forecasts the withdrawal of 1.4M ETH over the next few days
Ethereum’s long-anticipated Shanghai and Capella upgrades were activated on April 12, and the total withdrawals in the first 40 hours following stood at 142,425 Ether (ETH), per Nansen data. This falls in line with previous estimates. For a brief moment on April 12, when Shapella was activated, the deposits to ETH staking
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Ethereum Breaches $2,100 Following Shapella Upgrade
Gemini co-founder Cameron Winklevoss commented on the upgrade, calling it “an incredible milestone” for Ethereum. Ethereum has breached the $2,000 barrier on the heels of the Shapella upgrade, the first major network upgrade since 2022’s Merge. The second-largest cryptocurrency is currently trading at $2,114, up 6.71% on the day and 13.96%
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Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value
More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows. Source
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