Ether is being locked up in decentralized finance contracts at an accelerating rate this year, while the amount held on centralized exchanges continues to fall. On May 7, on-chain analytics provider, Glassnode, shared a chart comparing the number of Ether deposited in Ethereum-based smart contracts to the number of ETH held on centralized exchanges over
In the past 30 days, Ether (ETH) price decoupled from Bitcoin (BTC) to post a 67.5% gain, while the leading cryptocurrency price has barely moved. Ether’s $3,605 all-time high on May 5 was responsible for boosting the asset’s futures open interest to $10 billion. This movement brings up some crucial questions as the dominance of
There exists a meme in the crypto world that goes something like, “Whenever I buy, the market dumps, and whenever I sell, the market pumps.” Like a cliche, the widespread status of a meme is a sign that it contains an element of truth, as anyone who has spent five minutes on a trading site
In the latest sign that crypto continues to filter through into the mainstream, CNBC host Jim Cramer has spent the week discussing the large quantity of Ether (ETH) he holds. On CNBC’s Squawk Box on May 4, Cramer said he owns “a lot of Ether,” explaining that he first bought it when he was trying
Lots of cons, no artistry It’s grifter season: scams and opportunists run amok, and it’s harder than ever to tell who to trust. Case and point: over the weekend, an influencer by the pseudonym “Crypto Spider” was found to have pumped-and-dumped a meme coin, $SELON — while publicly claiming that he had joined his followers
Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator Coingecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76.
A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it. The research, penned by Dr. Fabian Schär and published on May 2, has taken a deep dive into the world of DeFi, hinting that if security concerns and risks can be
Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares. Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly
ICOs? He held the first one. Stablecoins? He dreamed of them by accident. Vitalik Buterin tried to get him on board to help launch Ethereum, but he was too busy. He is J. R. Willett, one of the most fascinating men in the industry. Back in 2012, Willett, now 41, felt he could improve Bitcoin
Altcoins have delivered huge gains this year, but if they repeat their 2017 moves, hodlers may be looking at an insane 27,000% moonshot. According to popular trader Rekt Capital, those are the potential combined returns for altcoin investors if history repeats itself this year. One trader sees “just the beginning” for altcoins’ 2021 In a
On May 7, a total of $470 million in Ethereum options are set to expire, and slaughter is really the only word that describes what is about to happen to bearish Ether traders. Currently, almost every single one of the 75,909 put (sell) option contracts will become worthless if Ether manages to remain above $3,100
Vitalik Buterin, a co-founder of the world’s most popular smart contract platform, the Ethereum blockchain, has officially become a crypto billionaire. Buterin’s public Ether address that he described as his main wallet back in 2018, has hit $1 billion on its balance following Ether’s meteoric rise above a $3,000 price mark on Monday. At the
Ethereum’s ETH token has eclipsed the psychologically significant $3,000 per token mark today, rising as high as $3,001 on Bitmex at the time of publication. The surge has helped Ethereum overtake institutions such as The Walt Disney Company and Bank of America in terms of total market cap. The world’s largest smart contract-enabled layer-one has
Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network
Virtual land governance DAO Decentral Games is continuing to expand into the metaverse nightlife space with the launch of an Atari-branded casino. The casino will be the third such gambling establishment for the DAO, which purchases land in virtual worlds like Decentraland and opens digital businesses. Using brand assets from Atari, the provably-fair games are
As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise. Some analysts might dismiss Ether derivatives, considering CME’s future has $355 million in open interest compared to Bitcoin’s $2.4 billion.