The recent surge in Ethereum network activity signals renewed investor interest, offering hope for Ether’s long-term price appreciation.
BlockTower Capital’s liquidation comes when institutions’ crypto investments appear to be waning, with a marked downturn in the broader market in recent times.
On-chain data shows that the whale still holds a total of 303.5K Ethereum worth $750 million across the two wallets.
The current wave of liquidations has sent shockwaves through the entire crypto community, with many traders reassessing their risk management strategies.
L2s like Arbitrum and Taiko saw an additional 97 million combined transactions over the last 30 days.
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.
A total of 206,000 ETH options are set to expire with a put call ratio of 0.96 highlighting a closely contested battle between the bulls and the bears.
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.
With Bybit’s dual asset product, users can trade their ETH against their BTC holdings and vice versa, thereby optimizing the profits from both assets.
Hundreds of Ethereum wallets that were inactive for nearly 3.3 years have started moving a large number of Ethereum coins. Reports suggest that these wallets moved a total of 789,533 ETH valued at a staggering $2 billion.
To improve the cross-L2 compatibility, Vitalik Buterin proposes a standard set of rules for all networks to alleviate issues pertaining to cross-chain communication.
The recent Ethereum price crash to $2,197 has attracted significant attention from long-term buyers seeking to buy at discounted rates.
Ethereum price recovery, as well as that of other cryptocurrencies, suggests that the broader financial market is taking a breather.
One possible explanation for the drop in Ethereum addresses could be the recent launch of spot Ether ETFs in the United States.
All the liquidated positions were held by long traders who had bet on the potential price performance of the second-largest digital asset in the industry.