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Showing posts with the label ethereum news

Here’s why Ondo Finance (ONDO) price is soaring

Ondo Finance (ONDO) price surges to a new all-time high above $1.15. The Ondo price surge is driven by SEC approval of Ethereum ETFs and strong institutional backing. Ondo Finance (ONDO) lists on Coinbase boosting its visibility an trading volume. Ondo Finance (ONDO), the native token of the tokenized real-world asset (RWA) platform Ondo Finance, has been experiencing a remarkable price surge recently. ONDO token recently hit an all-time high of $1.16 and despite experiencing a slight decline, it seems to have regained its footing. At press time, ONDO was price d at $1.10, reflecting a 10.45% increase over the past 24 hours, a 16.66% increase over the past week, and a 24.00% rise over the past month. Since its launch, ONDO price has skyrocketed by an impressive 577.86% from its IEO price of $0.055 in January 2024. These figures highlight ONDO’s strong upward momentum and growing investor interest. Key catalysts for Ondo price surge 1. SEC Approv...

Memecoin craze sends Ethereum gas fees up as Rebel Satoshi launches $RECQ for its dual-token ecosystem

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Ethereum jumps 13% in a week, and more growth could be imminent. Rebel Satoshi attracted more investors after $RECQ started its presale at $0.0020. Investors have been flocking to top meme coins over the past few weeks, hoping to get massive returns soon. As a result, Ethereum’s (ETH) gas fee recently rose significantly, rendering the network unusable for most crypto enthusiasts. Meanwhile, Rebel Satoshi, an emerging meme coin project, has caused a stir after starting the public presale of its utility token, $RECQ.  Which is the best cryptocurrency to buy in 2024, Ethereum or $RECQ? Let’s find out! Ethereum surges 13% amid rising gas fees Ethereum has put up a commendable performance over the past seven days. On March 2, ETH was changing hands at around $3,420.09. ETH began climbing the same day as investors anticipated ETH surging after the Dencun upgrade ships on March 13. Additionally, increased activity around Ethereum-based meme c...

Options Markets More Bullish on Bitcoin Than Ethereum – What This Means for ETH/BTC

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Bitcoin and Ether tokens. Source: Adobe Investors are more bullish on Bitcoin than they are on Ether (ETH) over the next few months, according to various option market gauges of sentiment provided by crypto analytics website The Block. That could mean downside for the ETH/BTC exchange rate over the next few weeks and months. According to a chart provided by The Block, the widely followed 25% delta skew of Bitcoin options expiring in 180 days remained was 1.32 on the 5 th  of February, not too far below recent one-year highs hit last month in the 3.3 area. The 25% delta skew of Bitcoin options expiring in 7, 30, 60, 90 days were all a little lower, but still above zero, hence indicating that the market has a modestly positive bias. The 25% delta options skew is a popularly monitored proxy for the degree to which trading desks are over or undercharging for upside or downside protection via the put and call options they are selling to inves...

Ethereum Shanghai Testnet May Launch As Early as February to Enable Validator Staking Withdrawal

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Source: AdobeStock / Sergey Nivens Ethereum developers plan to release a public test network for the Shanghai upgrade, which will include code allowing withdrawals of ether staked in the Beacon Chain since December 2020, by the end of February. In a call on January 5, Ethereum developers chose March 2023 as the tentative target for the Shanghai hard fork. And in a bid to make sure they meet this date, developers plan to release a public test network for the Shanghai upgrade by the end of February. During the call, the devs noted that the upgrade will focus exclusively on ETH withdrawals. They also scratched plans to incorporate a set of Ethereum Improvement Proposals (EIPs) dubbed EVM Object Format (EOF), a proposed improvement to the blockchain's EVM programming environment, due to concerns it could delay Shanghai. Vitalik Buterin, the Ethereum mastermind, also expressed concerns about the implications of hasting to implement EOF. He said: “In the EV...