Ether exchange netflow highlights behavioral pattern of ETH whales

The exchange netflow of Ether (ETH) over the past couple of years highlights a behavioral pattern among Ether whales that market analysts believe is done to pump the price of the second-largest cryptocurrency. The “exchange netflow” is an indicator that measures the net amount of crypto entering or exiting wallets of all centralized exchanges. The metric’s value is simply calculated by taking the difference between the exchange inflows and the exchange outflows. Data shared by one of the pseudonymous traders of crypto analytic firm Cryptoquant indicates that ETH whales have consistently sent…

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Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,350

Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH retested $1,255 and remains at a risk of more losses. Ethereum started another decline after it failed to clear the $1,375 zone. The price is now trading below $1,320 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if it stays below the $1,350 level for a long time. Ethereum Price…

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45% of ETH validators now complying with US sanctions — Labrys CEO

According to the CEO of blockchain development agency Labrys, Lachan Feeney, approximately 45% of all Ethereum blocks currently being validated run MEV-boost relay flashbots and comply with United States sanctions. Speaking to Cointelegraph in an interview on Sept. 30, Feeney noted that while reports have stated that 25% of all blocks validated since the Merge complies with US sanctions, this is a lagging indicator and the current number is likely to be closer to one out of every two blocks. Feeney pointed out that MEV-Boost relays are regulated businesses, often…

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Charles Hoskinson and ETH dev get into a war of words post-Vasil upgrade

Charles Hoskinson, the founder of Cardano and co-founder of Ethereum blockchain, got into a war of words with Ethereum developers on the implementation of proof-of-stake (PoS) consensus via Merge. On Sunday, Web3 investor Evan Van Ness shared an unpopular opinion claiming that the Ethereum Merge could have been shipped earlier. Vitalik Buterin, the co-founder of Ethereum, agreed to Van Ness’s comments and said they should have implemented NXT-like chain-based PoS. Hoskinson joined in the conversation claiming the Ethereum developers should have implemented snow white protocol instead to ensure a faster…

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Post-Merge ETH has become obsolete

For years, various blockchain projects were rumored to be future “Ethereum killers,” projects that would unseat Ether from its throne and usurp its title as the top digital asset. That day seems to have come, though it appears it was an inside job. Lido-staked Ethereum (stETH) and other liquid staking derivatives are primed to render Ether (ETH), as an asset, obsolete.  The transition from proof-of-work (PoW) to proof-of-stake (PoW) allows everyday decentralized finance (DeFi) users to benefit from rewards previously reserved for miners simply by holding stETH or any other…

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Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds

Ethereum’s Merge on Sep. 15 turned out to be a sell-the-news event, which looks set to continue.  Notably, Ether (ETH) dropped considerably against the U.S. dollar and Bitcoin (BTC) after the Merge. As of Sep. 22, ETH/USD and ETH/BTC trading pairs were down by more than 20% and 17%, respectively, since Ethereum’s switch to Proof-of-Stake (PoS. ETH/USD and ETH/BTC daily price chart. Source: TradingView What’s eating Ether bulls? Multiple catalysts contributed to Ether’s declines in the said period. First, ETH’s price fall against the dollar appeared in sync with similar declines elsewhere in…

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White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?

A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty for their find. Known as riptide on Twitter, the hacker described the exploit as the use of an initializing function to set their own bridge address, which would hijack all incoming ETH deposits from those trying to bridge funds from Ethereum to Arbitrum Nitro. Riptide explained the exploit in a Medium post on Sept. 20: “We could either selectively target large ETH deposits to…

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