One Ethereum Whale’s Deposit Could Trigger A $180 Million Loss, How?
One Ethereum whale has caught the attention of the crypto community after a massive deposit to the Binance crypto exchange. While the deposit value itself is notable, the most interesting part of the whole ordeal is the whale’s history and how selling now could trigger a massive loss. Ethereum Whale $451 Million Withdrawal On-chain tracker […]
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Despite the uncertainty around the launch of Ethereum 2.0, Bitcoin Suisse expects to make its ETH staking service available before the holidays. Crypto service provider Bitcoin Suisse expects to offer its Ethereum (ETH) staking services before Christmas, underscoring the firm’s expectations of an imminent launch of Ethereum 2.0. In a statement released Wednesday via Trustnodes, Bitcoin Suisse said:“The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest protocol by market cap will most likely become a reality before Christmas.”The firm intends....
Ethereum’s price action has been rather lackluster as of late, which has been surprising considering the deployment of the ETH 2.0 deposit contract and Bitcoin’s immense strength. Many analysts pinpoint the weakness seen by Ethereum as the sole reason why altcoins have been bleeding out against both USD and BTC as of late. Until Ethereum […]
Immediately after Ethereum spiked on August 29, a whale bought 8,000 ETH at $1,709, spending 13.66 million USDC. ETH prices continue to rise, trading at around $1,740 when writing. The coin may post even more gains in the sessions following a shift in trader sentiment after a favorable appellate court ruling in the case pitting Grayscale, […]
The first day of December is likely to be the launch date. Ethereum 2.0 Phase 0 has now been formalized for launch at some time around Dec. 1. The deposit contract is live and can collect the necessary funds to trigger staking.An update by the Ethereum Foundation released on Wednesday explains how the genesis process is expected to happen.Prospective stakers will now be able to deposit their 32 Ether (ETH) deposits to the contract via the dedicated launchpad and get ready for the launch.The contract must collect 16384 deposits of 32 ETH each, a total of 524,288 ETH or about $200 million,....
The Ethereum 2.0 deposit contract is open. How are things progressing, and what comes next? On Nov. 4, Ethereum (ETH) core developers hit a significant milestone. In a “quick update” on the Ethereum Foundation blog, developer Danny Ryan confirmed the release of the v1.0 specs for the hotly anticipated Ethereum 2.0 upgrade, which includes the mainnet deposit contract address. Anyone who wants to participate as a validator on the Ethereum 2.0 mainnet can now start depositing their minimum stake of 32 ETH.The initial results looked promising, with 14,000 ETH (worth around $5 million) staked....