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The big-time players in Ethereum are increasing their volume of trading exponentially, seemingly putting in a quandary the balance of Ethereum’s pricing. Other factors include the impact on the mood of investors and the crypto space. Due to this, analysts and market observers have adopted the wait-and-watch formula while the big players are engaged in …

Big-time players in Ethereum increase trade volumes

The post Will ETH Price Stay Consolidated Amid EthereumETF Approval Delay? appeared first on Coinpedia Fintech News Despite increased price volatility in the cryptocurrency industry, the leader of altcoins, Ethereum price, continues to display a bearish price sentiment following the delay in the SEC’s approval of the EthereumETF. This resulted in weak buying and selling pressure for this altcoin in the crypto market. Furthermore, the ETH price has risen 2% within the …

Will ETH Price Stay Consolidated Amid EthereumETF Approval Delay?

A crypto whale is being noticed for suddenly moving tens of millions of dollars in Bitcoin (BTC) from a long-dormant wallet. According to blockchain tracking firm Lookonchain, the deep-pocketed crypto investor completely emptied their wallet that had contained 687.33 Bitcoin for more than a decade. “A wallet that has been dormant for 10.3 years transferred The post Whale That Bought Bitcoin in 2014 Moves $43,940,000 in BTC After Sitting Dormant for Over Decade: On-Chain Data appeared first on The Daily Hodl .

Whale That Bought Bitcoin in 2014 Moves $43,940,000 in BTC After Sitting Dormant for Over Decade: On-Chain Data

The price of XRP witnessed a mild surge in recent hours. According to data from CoinMarketCap, the digital asset is trading at $0.539 at the time of press. The data also shows an 8% increase in the last seven days. This upswing positions XRP as one of the leading performers within the cryptocurrency market over The post XRP Price Climbs Amid Bearish Signal: Analyst Sees Potential Breakout appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

XRP Price Climbs Amid Bearish Signal: Analyst Sees Potential Breakout

Joe Lubin, co-founder of Ethereum and founder of Consensys, has initiated a legal battle against the U.S. Securities and Exchange Commission (SEC), contesting the regulator’s authority over Ethereum and its associated products, specifically the MetaMask crypto wallet. SEC targets MetaMask, Consensys pushes back In April, Consensys received a Wells Notice from the SEC, a precursor

Ethereum co-founder Joe Lubin challenges SEC’s authority in a legal battle over MetaMask

Polygon, an Ethereum-oriented layer 2 upgrading service, has delivered the Miden Alpha Testnet as a zk platform targeting builders. Through this, users will be provided with the option of producing proofs about their state transformations. Miden helps improve privacy factors for builders, making way for increased output applications. Polygon is reaching out to builders to …

Polygon unveils Miden Alpha Testnet: Boosting ETH app development

Ethereum sees highest network growth in 19 months. New wallet addresses signal strong, growing interest. Continue Reading: Ethereum Network Activity Surges as Wallet Addresses Increase

Ethereum Network Activity Surges as Wallet Addresses Increase

In a bid to streamline and enhance the user experience of cryptocurrency wallets on the Ethereum network, developers have proposed Ethereum Improvement Proposal 3074 (EIP-3074). This latest initiative aims to address common pain points faced by users when interacting with Ethereum wallets, offering potential solutions to improve accessibility, security, and functionality. EIP-3074 adds new capabilities …

Ethereum developers launch ‘EIP-3074’ to improve Crypto Wallet UX

Sui, the year-old Layer-1 blockchain darling, is facing a harsh reality check. While celebrating its first anniversary on May 3rd, 2034, the network finds itself embroiled in a controversy surrounding its tokenomics, the design and distribution of its cryptocurrency, SUI. Related Reading: Is Avalanche About To Blow? Don’t Miss This Potential Breakout – Analyst SUI Supply: Cause for Concern? The fire was ignited by Justin Bons, founder of Cyber Capital, who tweeted concerns about the SUI token supply being overly concentrated in the hands of the founders and early contributors. Bons pointed to a potential 80% allocation – 160 million out of a total 10 billion – going to Mysten Labs, Sui’s creator, and another 600 million earmarked for “early contributors,” raising eyebrows about potential centralization. 1/16) SUI has a great design, except for its token economics: SUI claims to have a capped supply of 10B, with 52% being “unallocated” till 2030 The problem is that over 8B SUI is being staked right now! Over 84% of the staked supply is held by founders! SUI is centralized: 🧵 — Justin Bons (@Justin_Bons) May 2, 2024 This alleged lack of decentralization worries investors. If these significant token holders decide to sell their SUI holdings (dump), it could cause a dramatic price drop, harming regular investors. Sui Fights Back: Transparency On The Agenda The network wasted no time in refuting these claims. The network vehemently denied any accusations of a centralized token supply, calling them “misleading” and “inaccurate.” In a bid to assure investors, Sui emphasized that Mysten Labs doesn’t have control over the Sui Foundation treasury, community reserves, or investor tokens. Total crypto market cap currently at $2.3 trillion. Chart: TradingView The network further clarified that the foundation, as the largest holder of locked tokens, will release them according to a publicly available schedule. They reiterated their commitment to transparency, stating that “every token that will be released has been allocated.” Additionally, Sui highlighted that all staking rewards earned by the foundation are reinvested back into the community, a detail also reflected in the public emission schedule. SUI 24-hour price action. Source: Coingecko Trust Issues: The Market Responds While Sui attempts to quell concerns, some market participants remain skeptical. They question the network’s motives, labeling the token distribution strategy as potentially manipulative. This skepticism coincides with a recent slump in SUI’s price. Related Reading: Whispers In The Deep: Why Are Ethereum Whales Disappearing? Despite impressive gains in the past, the token has shed over 25% in the last month and sits a staggering 90% below its all-time high. This price performance fuels doubts about the project’s long-term viability. The Importance Of Transparency: A Lesson For Blockchain Projects The SUI tokenomics controversy underscores a critical lesson for the entire blockchain industry: transparency is paramount for building investor trust. Justin Bons’ concerns, though potentially exaggerated, highlight the need for clear communication and verifiable token distribution plans. As the blockchain space matures, projects that prioritize transparency and fair distribution models will likely garner stronger investor confidence and ultimately, a more sustainable future. Featured image from Penn Today – University of Pennsylvania, chart from TradingView

SUI Gets Spicy: Network Fires Back At Token Supply FUD

Ethereum developers are proposing EIP-3074 to make wallets more programmable and user-friendly, despite community concerns about security and the efficiency of such changes.

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