Ethereum’s Descent Into Existential Crisis

A languishing chain appears to have triggered community uproar and a leadership shakeup at the Ethereum Foundation. Vitriol and Death Threats Ensue in Ethereum Foundation Leadership Overhaul Nine years after Ethereum’s most serious catastrophe, when the Ethereum community decided to hard fork the blockchain in order to reverse the infamous $50 million DAO hack transactions, … Read more

Ethereum Foundation Sets Up Multisig Wallet for Defi Participation

The Ethereum Foundation has announced the creation of a new multi-signature wallet using the Safenet platform to enhance its treasury operations and facilitate participation in the decentralized finance (defi) ecosystem. Ethereum Foundation Begins Transition to Safe Multisig Wallet The wallet, which operates on a 3-of-5 multisig structure, is located at address “0x9fC”. A transaction has … Read more

Ethereum Whales Accumulate 43% of Supply Amid Growing Institutional Interest

Ethereum whales are increasing their holdings at an unprecedented pace, now controlling 43% of the total supply. This marks a significant leap from early 2023, when their share was just 22%. The surge in accumulation is likely linked to the Ethereum Merge and the lucrative opportunities provided by staking. Ethereum whales keep accumulating and now … Read more

Ethereum Slips Further Behind as Competitors Steal the Spotlight

As the global cryptocurrency market capitalization expands to $3.59 trillion, the second-largest digital asset, ethereum (ETH), has struggled to keep pace with its peers. Over the past six months, its performance has lagged significantly, falling short of the momentum seen elsewhere in the sector. Stagnation Strikes Ethereum as Its Competitors Surge Ahead Lately, ethereum (ETH), … Read more

Major Swiss Bank Expands Crypto Offerings With Ethereum Staking

Swiss state-owned bank Post Finance AG has expanded its digital-asset offering by introducing staking for ethereum (ETH), allowing holders to earn passive income. The bank plans to add staking for other tokens soon. Post Finance, which started trading and custody services for cryptocurrencies nearly a year ago, is the first systemically important bank to offer … Read more