Ethereum

**Bearish:** Ethereum Fees at Six-Month Low, Price Plummets – Is ETH Headed for a Crash?

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New York, NY – Ethereum’s fees have hit a six-month low in the past seven days, with a 6% decrease in the price of ETH and bearish metrics. As Layer 2 solutions gain popularity, Ethereum’s network usage has plummeted, reaching a six-month low. This decline aligns with Vitalik Butarin’s 2020 roadmap, which aimed to improve scalability by offloading transactions from the mainnet. Meanwhile, bearish sentiment has entered the market, pushing the token’s price down. Recent …

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**Gas Prices Plummet! Polygon zkEVM Achieves Milestone with 11 Million Transactions – A Game Changer for Ethereum Competitors**

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Los Angeles, CA – Polygon zkEVM, a popular blockchain platform, recently achieved a significant milestone in terms of transaction volume, showcasing its growing user base and adoption rates. Despite this achievement, zkEVM still faces tough competition from other EVMs like Starknet and zkEVM in the industry. According to a report from a prominent blockchain news source, zkEVM processed over 11 million transactions, with a significant increase in unique addresses reaching 671k. This surge in transactions …

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Ethereum Whales Spark Price Surge! Huge Interest from Investors Boosts ETH Beyond $3,200 Mark

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Miami, FLORIDA – Whales and retail investors have shown a keen interest in Ethereum (ETH) recently, leading to a surge in the cryptocurrency’s price. The price of ETH has seen a significant increase, resulting in the liquidation of short positions. According to Lookonchain’s data, a large whale has been actively purchasing ETH and entering long positions in the ETH/BTC trading pair. This whale borrowed 2301 Wrapped Bitcoin (WBTC) equivalent to $119.75 million from AAVE to …

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Altcoin Season Index at 35: Ethereum and Other Tokens Struggle to Break Out – Will ETH’s Network Growth Save the Day?

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Miami, Florida – The cryptocurrency market buzzes with anticipation as investors eagerly await the much-discussed “altcoin season.” The Altcoin Season Index currently sits at 35, indicating that many tokens are still struggling to break out of their slump. However, obstacles such as the declining growth and volume of Ethereum (ETH) could impede any potential upswing in the market. To kickstart an altcoin season, cryptocurrencies other than Bitcoin (BTC) need to outperform the leading digital asset. …

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Meme Coin Mania: Ethereum L2 Transactions Surge Due to Base Activity

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New York, United States – The surge in meme coin activity on Base has led to a substantial increase in on-chain transactions for Layer-2 projects built on the popular Ethereum blockchain like Polygon. Since the Dencun upgrade, the networks have collectively witnessed a significant uptick in transactions, reaching 32 million per week according to data from IntoTheBlock. This surge is not limited to Polygon alone, as it also includes Base, Arbitrum, and Optimism. The Dencun …

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Arbitrum Surges 4% in 24 Hours Despite TVL Decrease – Can it Beat Ethereum?

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New York, USA – Arbitrum, a prominent layer-2 blockchain network, has seen a significant increase in its Unique Addresses graph. However, despite this uptick, the Total Value Locked (TVL) on the platform has experienced a decrease. The price of Arbitrum’s native token, ARB, has surged by more than 4% in the past 24 hours. CryptoRank.io, a platform specializing in cryptocurrency research and analytics, recently highlighted the top blockchains based on their TVL per unique address. …

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Whale Transactions Surge as CFTC Boosts Ethereum as Commodity: Will ETH ETF Approval Follow Suit?

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In New York City, whale transactions involving Ethereum (ETH) valued at over $100,000 saw a significant increase in March, reflecting a growing optimism among investors. Despite facing challenges like the Dencun Upgrade, Ethereum experienced only a slight uptick of 0.79% over the course of the month, with the cryptocurrency struggling to surpass the $4,000 mark and dropping to $3,500. However, large investors continued to show confidence in Ethereum by adding more exposure to their portfolios. …

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**Solana** Overtakes Ethereum with Record Stablecoin Volumes in 2024!

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Berlin, Germany – Solana has emerged as the leading blockchain network for stablecoin settlements, surpassing its competitors with ease. In a recent analysis of Artemis data by AMBCrypto, Solana processed over $310 billion in stablecoin transactions in just one week, showcasing its dominance in the market. This surge in stablecoin volumes is part of a larger trend that has seen Solana consistently topping the rankings for three consecutive months in 2024. The network’s stablecoin volume …

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Gas Fees of Ethereum Plummet After Dencun Upgrade Unleashes Developers’ Creative Scripts

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New York, NY – Developers recently uploaded the script of Jerry Seinfeld’s ‘Bee Movie’ onto the Ethereum platform as gas fees take a significant dive after the Dencun upgrade. This move has led to a notable decrease in transaction costs on the network. The Layer 2 blockchains have become more cost-effective following Ethereum’s Dencun upgrade, marking a positive shift in the cryptocurrency realm. This enhancement has made transactions on the platform more affordable for users, …

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**Reddit’s Risky IPO Filing Reveals Concerns About Stockpile of Bitcoin and Ethereum**

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Chicago, Illinois – Reddit, a popular social media platform, has recently filed its S-1 with the US Securities and Exchange Commission as it prepares to go public. The document reveals interesting details about Reddit, such as its stockpile of Bitcoin and Ethereum, as well as a program allowing select power users to buy stocks before they hit the public market. One of the primary concerns highlighted by the S-1 filing is Reddit’s reliance on meme …

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