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Despite the overall crypto market downtrend affecting all coins, Bitcoin (BTC) appears to be holding stronger compared to Ethereum (ETH). ETH/BTC Exchange Rate Reaches New Low According to CoinDesk data, one of the most closely watched trading pairs in the crypto market, ETH/BTC, recently hit its lowest level
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The Ethereum network is experiencing significant losses, reflecting the downturn in the current market conditions, despite its leading position in the ecosystem. According to data from Blockworks Research, Ethereum's blockspace profitability has been consistently positive since The Merge. However, as of September, Ethereum's "business"
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Grayscale has submitted an application for Ethereum ETF futures, as reported by the Wall Street Journal on September 19. Grayscale seeks to launch Ethereum ETF futures under the Securities Act of 1933, departing from their previous filings under the Investment Company Act of 1940. Previously, the U.S. Securities and
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After a prolonged wait, Ethereum's layer-2 solution, Optimism, has announced its latest token OP airdrop event for active participants in governance activities. Optimism Conducts Third Phase of OP Airdrop. Image: Optimism Specifically, this marks the third airdrop event for OP tokens on the OP Mainnet since its launch
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Following in the footsteps of Celo, Canto has decided to transition from a layer-1 blockchain to a layer-2 solution on Ethereum, in collaboration with Polygon. According to their latest announcement, the layer-1 blockchain Canto, built on Cosmos, will soon pivot to Ethereum's layer-2 using zero-knowledge proof technology. Canto
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Toncoin (TON), the cryptocurrency project stemming from Telegram, has experienced a substantial price increase following the announcement of its Web3 custody wallet integration. First unveiled at the Token 2049 blockchain conference last week, the TON Foundation, responsible for developing the TON blockchain (previously initiated by Telegram), revealed plans to integrate
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Avalanche (AVAX) has recently dropped below $10, reaching $9.16, marking a 14.5% decline over the past 30 days and a significant 50.5% drop over the last year. This price point represents the lowest level for the coin since January 2021. AVAX/USDT price chart on the 1D
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Injective has joined the ranks of blockchain platforms unveiling layer-2 solutions compatible with Ethereum, recently announcing inEVM. Injective Implements Layer-2 to Support Ethereum Applications Injective Protocol, a layer-1 blockchain built on the Cosmos platform, announced on September 19 that it has deployed a testnet for the inEVM layer-2 solution, enabling
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Jameson Lopp, a prominent developer in the Bitcoin community, recently shared initial details about Spiderchain - a sidechain solution designed to enable Bitcoin with Ethereum-like smart contract capabilities. Spiderchain, conceived by Botanix Labs, aims to bridge their Ethereum Virtual Machine (EVM) layer-2 solution, Bontanix EVM, to Bitcoin. Bitcoin has traditionally
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The Ethereum development team plans to redeploy the Holesky testnet by September 22nd, with the latest possible date being September 28th. Holesky Testnet Launch Fails, Ethereum Scheduled for Redeployment. Image: Reuters The Ethereum development team has acknowledged that the launch process of the Holesky testnet on September 15th did not
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A surge in whale transactions accumulating large amounts of Tellor (TRB) tokens has been observed since August 2023. Whale Trading Drives Tellor (TRB) Price Surge by 360% in a Month. Image: IStock According to Lookonchain intelligence, several whale wallets have conducted significant transactions involving Tellor (TRB) since August. The price
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According to a recent study based on Metcalfe’s Law, the market price of ETH is currently undervalued by 27% compared to its intrinsic value. Research: Ethereum Undervalued by 27% According to Fundamental Value Valuation and price predictions are always intriguing topics in the cryptocurrency market. Analysts from both traditional