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How Did ETH Price React to Ethereum Foundation Moving $30 Million in ETH to Kraken?

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How Did ETH Price React to Ethereum Foundation Moving $30 Million in ETH to Kraken?

Ethereum Foundation Transfers $30 Million in ETH to Kraken On the morning of May 6, 2023 (Vietnam time), on-chain data revealed that the Ethereum Foundation transferred a total of 15,000 ETH to Kraken. Additionally, an address labeled as Vitalik Buterin's also moved 200 ETH to the same

By Web3 Station 05 May 2023
Gas Fees on Ethereum and Bitcoin Surge to New Heights

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Gas Fees on Ethereum and Bitcoin Surge to New Heights

Ethereum Gas Fees Surge Amid Memecoin Frenzy Average transaction fees on the Ethereum network are hitting new highs, revisiting levels last seen in May 2022. According to data compiled by Hildobby, a data analyst at VC Dragonfly, Ethereum gas fees spiked to a staggering 87 gwei on the evening of

By Web3 Station 04 May 2023
Lido Hits 6 Million ETH in Staking Deposits Post-Shanghai Upgrade

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Lido Hits 6 Million ETH in Staking Deposits Post-Shanghai Upgrade

Lido Finance (LDO), the leading staking platform, has surpassed 6 million ETH in deposits, following a significant surge in funds since the Shanghai upgrade. The Shanghai upgrade on Ethereum not only allowed validators to withdraw their staked assets from 2020 but also spurred a substantial influx of funds back into

By Web3 Station 04 May 2023
Green Frog PEPE Hits $1 Billion Market Cap, Joins Top 50 Before Binance Listing

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Green Frog PEPE Hits $1 Billion Market Cap, Joins Top 50 Before Binance Listing

On May 5, 2023, Binance made an unexpected announcement to list two memecoins, FLOKI and PEPE, in its Innovation Zone—a high-risk area for new tokens. Starting from 01:00 AM on May 6 (Vietnam time), users can trade these two animated coins with pairs including FLOKI/USDT, FLOKI/TUSD,

By Web3 Station 04 May 2023
Bitcoin Experiences Mild Recovery Following Fed’s Rate Hike Decision

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Bitcoin Experiences Mild Recovery Following Fed’s Rate Hike Decision

Bitcoin, the world’s largest cryptocurrency, has seen a mild rebound to around $29,250 following the latest rate hike announcement from the Federal Reserve. As anticipated by U.S. market observers, the Federal Reserve (Fed) concluded its May 2023 meeting by raising the benchmark interest rate by 0.25%

By Web3 Station 03 May 2023
Whales Start Taking Profits, PEPE Loses Nearly $200 Million in Market Cap

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Whales Start Taking Profits, PEPE Loses Nearly $200 Million in Market Cap

PEPE’s market cap once hit $582 million but has since dropped to $397 million as of May 3rd. While DOGE and other dog-themed coins like SHIB and FLOKI dominated the previous memecoin season, Pepe the Frog (PEPE) has recently surged with impressive growth, becoming the third-largest memecoin by market

By Web3 Station 03 May 2023
OKX to Compensate Users Affected by SUI Order Cancellation Issue

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OKX to Compensate Users Affected by SUI Order Cancellation Issue

According to a recent announcement from founder Star Xu, the OKX exchange is dealing with an issue preventing users from canceling their SUI buy orders and has pledged to compensate affected investors. OKX Experiences SUI Order Cancellation Glitch OKX officially launched the SUI/USDT spot trading pair at 18:40

By Web3 Station 03 May 2023
OKX Announces Compensation for Users Affected by SUI Order Cancellation Issue

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OKX Announces Compensation for Users Affected by SUI Order Cancellation Issue

OKX Faces Issues with SUI Order Cancellations, Promises Compensation According to a recent update from founder Star Xu, the exchange OKX has encountered a technical issue preventing users from canceling their SUI buy orders and has promised to compensate affected investors. OKX Experiences Issues with SUI Order Cancellations OKX officially

By Web3 Station 03 May 2023
Solana's Co-Founder Claims Blockchain Still Leads Technologically

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Solana's Co-Founder Claims Blockchain Still Leads Technologically

Anatoly Yakovenko, co-founder of Solana and Solana Labs, recently asserted in an interview with CoinDesk TV that Solana remains at the forefront of blockchain technology despite the crowded Layer-1 landscape. The market now features over 50 active Layer-1 blockchains, with Sui being the latest to launch its mainnet. Layer-1 Blockchains

By Web3 Station 03 May 2023
Sui Launches Mainnet, SUI Token Hits $2

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Sui Launches Mainnet, SUI Token Hits $2

After much anticipation, the Sui blockchain has officially launched and listed its SUI token on several major exchanges. 1-Minute Chart of SUI/USDT on Binance as of 08:20 PM on May 3, 2023 At 07:00 PM on May 3, the SUI token was simultaneously listed and began trading

By Web3 Station 02 May 2023
MicroStrategy Releases Q1 2023 Financial Report

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MicroStrategy Releases Q1 2023 Financial Report

On May 2, MicroStrategy, the publicly traded company led by Michael Saylor and known for holding the largest amount of BTC in the world, released its optimistic Q1 2023 financial report. The company's losses have significantly decreased from $197.6 million in Q4 2022 to just $18.9

By Web3 Station 01 May 2023
Bhutan Admits to Bitcoin Mining Since 2019

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Bhutan Admits to Bitcoin Mining Since 2019

The Bhutanese government has revealed that it has been using hydroelectric power to mine Bitcoin since the cryptocurrency was valued at just $5,000. According to Forbes, following a local media investigation, Bhutan's government confirmed that not only did it invest millions of dollars in purchasing cryptocurrency, but

By Web3 Station 01 May 2023
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