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Ethereum News
Coinjournal
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Crypto market braces for impact amid Trump’s tense global tariff negotiations
- Cryptocurrencies experience a sudden dip as Trump proposes a 50% tariff on EU goods, leading to a 4% drop in Bitcoin (BTC) and over 3% drop in Ethereum (ETH).
- The market reacts as Trump intensifies global tariff negotiations, causing concerns about escalating trade tensions and retaliatory actions from the EU.
- Investors fear the impact of potential tariffs on global market conditions as the 90-day tariff pause nears expiration in July, putting pressure on ongoing negotiations.
- Crypto market faces uncertainty and volatility as Trump's involvement in cryptocurrency, including the TRUMP memecoin gala dinner, stirs controversy and triggers market reactions.
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Bitcoinist
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Ethereum Surges With Force As Price Logs Most Significant Daily Rally In Years
- Ethereum's price surged significantly, breaking past the $2,600 barrier range and recording over 50% price increase since $1,800 mark.
- The surge was fueled by the Ethereum Pectra Upgrade launched on May 7, aimed at enhancing scalability and efficiency, marking a significant change in the network.
- ETH recorded a 21.8% rise in under 24 hours, the biggest daily gain since May 2021, signaling a potential beginning of a new bull phase in the crypto market.
- Weekly active addresses on the Ethereum network have increased sharply to 15.65 million, indicating strong adoption and conviction among investors, setting the stage for sustainable price increase.
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TechBullion
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Unstaked’s AI Agents Could Define What’s Next in Web3! ETH Eyes $4,000 & Cardano Holds Steady
- Unstaked introduces fully automated AI agents for Telegram, Discord, and X to handle community management without human intervention, now in Stage 14 of its presale.
- Ethereum (ETH) has surged 61% in the last month, nearing $2,700, with potential to reach $3,000 or $4,000 supported by positive sentiment and technicals.
- Cardano (ADA) is trading near $0.75, up 24.45% in the last month, with projections ranging from $0.50 to $5.66 by 2025 depending on adoption and upgrades.
- Unstaked offers AI agents for community management, planning to launch at $0.1819 with an estimated 2,700% ROI, already raising over $6.6 million.
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Hackernoon
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Sensitivity Analysis of Block Lookback Periods on Ethereum Gas Prices
- The study conducted a sensitivity analysis on block lookback periods affecting Ethereum gas prices by evaluating different block lookback choices.
- Various block lookback choices (60, 120, 180, 200, and 240) were assessed to understand their influence on the definition of gas price categories.
- Results showed that the definition of gas price categories was subtly affected by the block lookback choice, indicating consistency across different choices.
- Further research is suggested to explore the impact of block lookback selection on gas price definition and transaction processing time prediction.
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Hackernoon
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Why Blockchain Timestamps are Inaccurate Sometimes
- Blockchain timestamps can be inaccurate due to the lack of a global clock in the peer-to-peer network, leading to significant drift between miner timestamps.
- Empirical evaluation shows that blockchain-recorded block timestamps are inaccurate, with 7.5% of cases showing negative or zero lag compared to submission time.
- Using Etherscan's live list of newly appended blocks provides a more accurate processed timestamp compared to relying on individual miner clocks.
- Authors of the study include Michael Pacheco, Gustavo A. Oliva, Gopi Krishnan Rajbahadur, and Ahmed E. Hassan from different research labs in Canada. The paper is available under CC BY-NC-ND 4.0 DEED license.
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Coindoo
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Ethereum Futures Surge 41% on Binance, Signaling Strength Behind Rally
- Ethereum's futures on Binance surged by 41%, indicating growing confidence and institutional participation in the market.
- Total open interest in Ethereum across all exchanges is around $17 billion, with Binance holding about 30% of it, solidifying its role as a major derivatives venue for ETH.
- Analysts suggest that the surge in open interest reflects a more structured support for Ethereum's price rally, driven by institutional interest rather than just spot market hype.
- This rally in Ethereum, from $1,600 to $2,650 in the past month, appears more sustainable due to increased liquidity and institutional-grade interest, indicating a potential longer-term uptrend.
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Coinpedia
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Why Bitcoin Ethereum and XRP Price Are Down Today? What Traders Need to Know Now
- BTC, ETH, and XRP prices dropped sharply after Donald Trump's remarks on stalled EU trade talks. Bitcoin fell below $108,500, Ethereum dropped to $2,510, and XRP hit $2.31.
- Trade tensions have negatively impacted cryptocurrency prices in Q1, and recent statements by Trump have added to the uncertainty in the market.
- Trump's announcement of a potential 50% tariff on the EU starting June 1 has escalated trade tensions, leading to a swift market reaction.
- Bitcoin surged to $112K in Q2 following optimistic news but fell rapidly after Trump's comments, causing concern among traders.
- Ethereum price rose to $2,737 and XRP price reached $2.64 before the market downturn triggered by Trump's statements on EU trade negotiations.
- The sudden imposition of tariffs by Trump against the EU has disrupted trade relations and increased bearish sentiment in the market.
- Bitcoin's long-term outlook remains positive, but short-term volatility is expected due to trade uncertainties and global economic shifts.
- ETH faces obstacles in breaking above a key level, and XRP is also susceptible to further declines if tensions continue to escalate.
- Global crypto markets have experienced a sell-off due to Trump's tariff announcement, causing fear and uncertainty among investors.
- The crypto market downturn is attributed to profit-taking after Bitcoin's brief rally to $112K and concerns over stalled trade talks with the EU.
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Newsbtc
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Ethereum Climbs Back To $2,700 – Bulls Ready For A Breakout?
- Ethereum surges to $2,734 as bullish sentiment returns in the crypto market.
- ETH showing strength as it reclaims key technical levels, attracting significant attention alongside Bitcoin.
- Analysts watch closely as Ethereum approaches $2,700, as a breakout could initiate a new uptrend for the altcoin.
- Chart analysis indicates bullish momentum for Ethereum, with a potential target range of $2,850–$3,000 upon clearing $2,700.
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Hackernoon
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Measuring Ethereum Transaction Processing Delays
- The article focuses on measuring Ethereum transaction processing delays and the challenges of obtaining accurate timestamps in the blockchain network.
- To compute transaction processing times, pending and processed timestamps need to be obtained, which is a complex task due to decentralized nature of Ethereum.
- The study evaluates the accuracy of pending timestamps obtained from Etherscan and discusses the process of monitoring transactions to determine processing times.
- The authors describe the steps involved in obtaining pending timestamps, including submission, broadcasting, and detection by monitoring tools.
- A detailed experiment was designed to compare submitted timestamps with pending timestamps for transactions sent across various gas price categories.
- Results show that Etherscan is able to detect pending transactions within 1 to 2 seconds in the majority of cases, indicating a small and stable lag between submission and pending timestamps.
- The study conducted by authors from Queen’s University and Huawei in Canada is available on arxiv under a CC BY-NC-ND 4.0 DEED license.
- Challenges in obtaining accurate timestamps include the decentralized nature of Ethereum and limited visibility into pending pools of miners.
- The process of obtaining pending timestamps involves monitoring Etherscan's nodes and pending transactions webpage to approximate the original timestamps.
- The accuracy of collected pending timestamps was evaluated through a program that sent transactions at various gas prices over a 40-hour period, showing small and stable lag times.
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Hackernoon
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Making Ethereum Transactions Faster and Cheaper
- The article focuses on understanding Ethereum transaction processing times, which is crucial for the development of cost-effective decentralized applications (ÐApps).
- Data was collected from sources like Etherscan, EthGasStation, and Google BigQuery to determine the typical processing times for transactions in Ethereum.
- The accuracy of estimation models used by services like Etherscan and EthGasStation was evaluated, revealing room for improvement especially for cheaper transactions.
- The study suggests that ÐApp developers should avoid very expensive transactions as their processing time does not significantly differ from expensive transactions.
- A simple linear regression model developed outperformed existing services for very cheap and cheap transactions.
- Further research can explore processing times under different settings and using alternative techniques, providing valuable insights for developers.
- The study's findings help optimize the balance between transaction fees and processing speed, benefiting end-users' experience on the Ethereum blockchain.
- The article stresses the need for more precise estimation services to enhance the efficiency of transaction processing in Ethereum.
- Disclaimer: Opinions expressed in the article are solely those of the authors and do not represent the views of Huawei.
- References include studies on smart contracts, blockchain technologies, and cryptocurrency-related topics, contributing to the existing body of research.
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Bitcoinist
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Ethereum Profitability Turns Around: Nearly 60% Of Holders In Profit Now
- On-chain data reveals that Ethereum investor profitability has significantly increased after the recent price rally.
- Almost 60% of Ethereum holders are currently in profit, marking a notable turnaround from the previous decrease in profitability.
- The Ethereum Historical In/Out of the Money metric indicates a positive shift in profitability compared to recent trends.
- Ethereum has reclaimed important on-chain levels, including the Realized Price and True Market Mean, signaling a positive outlook for holders.
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Cryptopotato
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Crypto Price Analysis May-23: ETH, XRP, ADA, SOL, and HYPE
- Ethereum (ETH) consolidated with a 2% gain this week, poised for a rally towards $3,000 if it stays above $2,400.
- Ripple (XRP) remains under $2.6 resistance, showing bullish momentum and potential for a quick move to $3 once resistance is broken.
- Cardano (ADA) up 5% this week targeting $0.9, showing positive signs with potential to reclaim $1 with good support at $0.75.
- Solana (SOL) up 8% aiming to break resistance at $186, with potential to reach $200, showing strength in its rally.
- HYPE surged 39% to $37 this week, eyeing $40 next, demonstrating significant growth and setting new all-time highs in 2025.
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Crypto-News-Flash
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Ethereum Traders Are Flooding Binance: Here’s What It Means
- Ethereum open interest on Binance surged by 41% in 30 days, indicating increased futures activity and institutional involvement.
- Major ETH outflows from exchanges signal reduced sell pressure and growing confidence among long-term holders.
- The rise in Ethereum's price is not solely driven by spot market excitement, but also supported by the futures market, with Binance emerging as a key player in crypto derivatives.
- Ethereum exchange flows show bullish accumulation trend as investors withdraw ETH from trading platforms, potentially signaling reluctance to sell in the near future and strengthening the bullish outlook.
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TronWeekly
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Ethereum: Solid Support at $2,370, Further Gains Ahead: Analyst
- Ethereum (ETH) has established a solid support level at $2,370, indicating strong buyer interest to prevent further price drops.
- Over 90% of ETH addresses are currently 'in the money,' with holdings valued higher than their purchase price.
- Despite price volatility, the number of active Ethereum addresses has decreased in the past week due to market uncertainty and reduced speculative interest.
- Analysts believe Ethereum's support at $2,370 reflects investor confidence, with many holders unwilling to sell below this level, leading to further price stability.
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Blockonomi
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SEC Delays Fidelity Bitcoin Ethereum ETF In-Kind Redemption Decision
- SEC delays decision on Fidelity’s in-kind redemptions for Bitcoin and Ethereum ETFs, with no timeline provided
- BlackRock’s Ethereum ETF filing acknowledged by SEC, indicating increased regulatory interest
- Multiple issuers, including WisdomTree and VanEck, face delays on in-kind redemption proposals
- New SEC Chair Paul Atkins may bring fresh perspective to crypto ETF policies after Senate confirmation
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