A naukri.com initiative
Ethereum News
Cryptoslate
2h
82
Image Credit: Cryptoslate
Phemex reassures users with a compensation plan after $37 million hot wallet breach
- Singapore-based crypto exchange Phemex has temporarily suspended withdrawals following a reported $37 million exploit targeting one of its hot wallets.
- Cyvers, a blockchain security firm, detected the breach, with $29 million transferred from Phemex's hot wallets to various blockchains.
- The attackers swiftly swapped the stolen tokens into Ethereum to evade detection and freezing.
- Phemex is developing a compensation plan for affected users and assures that its cold wallets, which hold the majority of funds, are secure.
Read Full Article
4 Likes
TronWeekly
3h
253
Image Credit: TronWeekly
Ethereum’s Bullish Path to $10,000: Justin Sun Unveils Powerful Plan
- Justin Sun unveils a powerful plan to push Ethereum's price to $10,000.
- The plan includes halting ETH sales for three years to create scarcity.
- Implementing heavy taxation on Layer 2 projects could generate $5 billion for Ethereum annually.
- Major restructuring of the Ethereum Foundation aims to boost efficiency and prioritize Layer 1 scalability.
Read Full Article
15 Likes
Hackernoon
5h
72
Image Credit: Hackernoon
How Do Ethereum Blockchain Transactions Reach Consensus?
- Ethereum uses Proof of Stake (PoS) consensus layer to verify transactions, add them in order and secure the chain without requiring a central authority.
- A transaction is first broadcast to the Ethereum network using a peer-to-peer protocol and placed in the mempool until a validator confirms it.
- Validators are elected to propose new blocks and multiple committees are formed to vote on the validity of a block.
- Staking is used to activate and control a validator, with every 32 ETH staked creating one validator.
- The system ensures consensus through a random process, where validators are weighted by their balance, ensuring fairness.
- A supermajority refers to a vote made by at least two-thirds of the total balance of all active validators in the network. Validators with more ETH have more influence.
- Finality refers to the point where a block cannot be altered, ensuring transactions in the finalized block are irreversible.
- Validators earn rewards for making attestations, and can face penalties for making bad votes (slashable offences).
- Validators must stake 32 ETH to become active and maintain their balance to stay active, with mechanisms in place to limit the number of activations and exits.
- The consensus process in Ethereum’s PoS system ensures that it remains decentralized without compromising on speed or performance.
Read Full Article
4 Likes
Cryptopotato
6h
259
Image Credit: Cryptopotato
Justin Sun Suggests Strategy to Push Ethereum’s Price to $10K
- Justin Sun has proposed a strategy to push Ethereum's price to $10,000.
- The plan involves halting ETH sales for three years and funding operations through AAVE lending, staking yields, and stablecoin borrowing.
- Sun suggests imposing higher taxes on Ethereum Layer 2 projects to generate $5 billion annually, which would be used to repurchase and burn ETH, reducing supply.
- He also emphasizes the need to focus on Layer 1 development for scalability, security, and adoption.
Read Full Article
15 Likes
NullTX
10h
311
Image Credit: NullTX
Ethereum Faces Pressure as Competitors Surge: Traders Brace for Imminent Breakout
- Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, has underperformed its peers like $XRP and $SOL, raising concerns about its near-term prospects.
- Ethereum’s stagnation despite its status as the backbone of DeFi and smart contracts raises concerns about its ability to maintain dominance in an increasingly competitive market.
- Traders have become increasingly engaged in high-leverage positions as Ethereum’s Estimated Leverage Ratio (ELR) continues to climb, amplifying risk in the market.
- The combination of growing leverage and tight price action could set the stage for significant volatility as traders speculate about an imminent breakout and anticipate Ethereum’s next major move.
- However, institutional interest in Ethereum continues to expand through the Ethereum spot exchange-traded fund (ETF) market, with consistent inflows of capital, thereby increasing the demand for regulated Ethereum investment vehicles.
- Ethereum’s future prospects appear optimistic as it continues to attract developers and projects, reinforcing its position as the leading platform for dApps.
- Ethereum’s short-term market trajectory depends on a combination of broader market sentiment, macroeconomic conditions, and the resolution of its leverage-driven risk.
- The coming weeks could prove pivotal for Ethereum’s market trajectory and its ability to reclaim its position as a market leader.
- All eyes are on Ethereum as the market anticipates its next major move in this competitive and uncertain trading environment.
- This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Read Full Article
18 Likes
Blockonomi
12h
291
Image Credit: Blockonomi
Ethereum Foundation Restructuring Sparks Debate as ‘Second Foundation’ Concept Emerges
- Ethereum co-founder Vitalik Buterin announced major restructuring plans for Ethereum Foundation (EF), prompting community debate
- Lido founder Konstantin Lomashuk shared a “Second Foundation” X profile but clarified no such entity exists yet
- EF faces criticism over its ETH selling decisions and rollup-centric roadmap
- Community members expressed support for Lomashuk potentially leading a new Ethereum-focused organization
Read Full Article
17 Likes
TronWeekly
56m
166
Image Credit: TronWeekly
Ethereum’s Institutional Power Move: Why Etherealize Matters Now
- Ethereum has launched the Etherealize initiative to drive institutional adoption of the ecosystem.
- The initiative aims to showcase Ether as a secure blockchain for tokenizing high-value assets.
- Institutional interest in Ethereum is growing, with developments like staked ETH ETFs and institutional Layer 2 solutions.
- Experts believe that despite its current underperformance, Ethereum has long-term potential and 2025 could be a defining year for the ecosystem.
Read Full Article
10 Likes
Crypto-News-Flash
1h
214
Image Credit: Crypto-News-Flash
ETH News: Ethereum Backs Etheralize in Bold Bid for Institutional Growth
- Etherealize, a new startup backed by Ethereum, aims to boost institutional adoption of the blockchain network.
- The Ethereum Foundation faces criticism over alleged mismanagement and failure to address community concerns.
- Etherealize targets institutional investors and offers tailored solutions to encourage broader adoption of Ethereum.
- Leadership challenges and developer dissatisfaction pose challenges for Ethereum's growth and competitiveness.
Read Full Article
12 Likes
TronWeekly
4h
159
Image Credit: TronWeekly
Bitcoin, ETH, XRP, DOGE, SHIB Prices Drop Amid Crypto Market Selloff
- The crypto market cap dropped over 3% to $3.52 trillion, with a 25% decline in trading volumes.
- Bitcoin fell 3% to $102,467, and Ethereum dropped 3% to $3,220.
- $250 million worth of crypto liquidations occurred, with $153 million happening in 12 hours.
- Market sentiment turned bearish due to factors like the Bank of Japan's interest rate hike, the U.S. SEC's Crypto Task Force, the Federal Reserve's upcoming policy meeting, and Bitcoin and Ethereum options expirations.
Read Full Article
9 Likes
Altcoinbuzz
4h
150
Lido Founder Launches Ethereum’s “Second Foundation”
- Lido founder Konstantin Lomashuk's idea of the 'Second Foundation' has sparked discussions in the Ethereum community.
- The concept aims to create a structure to support the Ethereum Foundation's mission and drive innovation.
- Critics argue that the Ethereum Foundation is too centralized, and the 'Second Foundation' could encourage more contributors and accelerate Ethereum's growth.
- However, Lomashuk clarified that the idea is currently just a tweet with no actual entity established yet.
Read Full Article
9 Likes
Tokenhell
5h
136
Price Analysis January 23rd, 2025 – BTC, XRP, ETH, DOGE, and SOL
- Bitcoin price has seen profit-booking near its all-time high of $109,587, but the key support at $100,000 remains intact.
- Long-term investors are using the dips to accumulate more Bitcoin, with MicroStrategy acquiring 11,000 coins in recent weeks.
- BTC is currently trading above the 20-day EMA, indicating positive market sentiment. If it breaks the $108,322 resistance, it could rally to $126,650.
- Ethereum (ETH) has faced selling pressure, dropping to $3,193. A bearish setup suggests further downside to $2,854 or $2,400.29, while a rally above $3,342.96 would increase chances of $3,503 and $3,740.
- XRP has lost previous gains and is now priced at $3.07. A drop below $3 could target $2.82 or $2.49, while a move above $3.15 resistance could push it towards the all-time high of $3.40.
- Solana (SOL) has retraced from its all-time high of $294 to $243. It remains above the 20-day EMA, increasing the likelihood of a rally to $360 if resistance at $294 is overcome.
- Dogecoin (DOGE) has dropped below the 20-day EMA at $0.3683 and is currently at $0.3462. Further downside could target $0.3005 or $0.2744, while a move above the 50-day SMA at $0.3708 could lead to a surge to $0.4213.
Read Full Article
8 Likes
TronWeekly
5h
287
Image Credit: TronWeekly
Ethereum’s Head & Shoulders Pattern Hints at Price Discovery Soon
- Ethereum's native token, Ether, has slid 3.22% in the past 24 hours to settle at $3,210.
- Whales have accumulated 330,000 ETH since January 7, totaling over $1.08 billion, indicating a potential rally.
- Analysts see bullish signals, citing an inverse head-and-shoulders pattern inside an ascending triangle pattern.
- Market analysts anticipate Ethereum to overcome resistance at $4,100 and potentially reach the $5,000 milestone.
Read Full Article
17 Likes
Bitcoinist
6h
324
Image Credit: Bitcoinist
Trump Family May Use Ethereum For New Business Ventures, Says ConsenSys CEO
- ConsenSys CEO Joseph Lubin suggests that the Trump family may build businesses on Ethereum.
- Trump-backed decentralized finance venture World Liberty Financial holds 55,719 ETH.
- Lubin hints at the Trump family's possible engagement with other blockchain ecosystems.
- Crypto analysts anticipate a rally for Ethereum, with targets as high as $10,000.
Read Full Article
19 Likes
Moneyweb
8h
317
Ethereum gets a Wall Street sales force as token lags Bitcoin
- Ethereum has struggled to keep pace with Bitcoin despite hosting the second most valuable digital token, Ether.
- To regain momentum, Ethereum founder Vitalik Buterin and the Ethereum Foundation are supporting a startup called Etherealize, which aims to market Ether as the best cryptocurrency for Wall Street.
- Etherealize is focused on marketing Ethereum to financial firms and building products that make the network easier for banks to use.
- The startup plans to leverage Ethereum's longevity, regulatory clarity, and track record to attract institutional investors.
Read Full Article
19 Likes
Bitcoinist
9h
263
Image Credit: Bitcoinist
Ethereum Leverage Ratio Continues Sharp Uptrend: What It Means
- The Ethereum Leverage Ratio has continued to see sharp growth recently.
- The Estimated Leverage Ratio measures the ratio between ETH Open Interest and Derivatives Exchange Reserve.
- Increasing Estimated Leverage Ratio suggests higher risk appetite among traders.
- High leverage levels may lead to volatile price action and potential liquidations in the Ethereum market.
Read Full Article
15 Likes
For uninterrupted reading, download the app