Coingape: Ethereum Address Activity Dips to Two-Year Low, ETH Under Pressure Below $1,800

The Daily Hodl: Is Bitcoin an Inflation Hedge? BTC and Crypto Market Dip Amid Reports of Rising Cost of Living in the US

Saturday, 11 June 2022 16:55

A new report by the U.S. Bureau of Labor Statistics shows that inflation is once again on the rise, causing crypto markets and leading digital asset Bitcoin (BTC) to dip. According to the newest Consumer Price Index Summary, which tracks the value of goods and services, overall…

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The Block: A Look at NFT Treasury Outflows

Saturday, 11 June 2022 19:01

Quick Take Fueled by the NFT mint craze, NFT projects have amassed massive treasuries In total, the top 45 projects accumulated an aggregate of 215.6K ETH ($372.1mm at the current ETH price) in primary revenue Surprisingly, 67% of the total treasury balance was already liquidated or moved…

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Coingape: All You Need To Know About stETH, Crypto’s Next Big Threat

Saturday, 11 June 2022 19:37

In the wake of Lido staked Ethereum depeg from Ethereum, fears of a repeat of last month’s market crash are around. The Staked ETH situation has so far resulted in Ethereum dropping 7.56% in the last 24 hours. What Is stETH? With its liquid staking, Lido allows…

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BeInCrypto: Art Worlds Unite to Bring Hope to The Current Global Humanitarian Crisis

Saturday, 11 June 2022 19:50

Traditional and NFT artists including Ben Eine, Fanakapan, Pure Evil and Dalek are coming together to create a group NFT show, “Humanity”, curated by RedKiteNFT and OurTypes, to raise funds for communities in areas of conflict. Humanity Overview Group NFT art show lasting two weeks Featuring 33…

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The Daily Hodl: Bitcoin (BTC) Flying off Exchanges Amid Price Stagnancy, According to Crypto Analytics Firm IntoTheBlock

Saturday, 11 June 2022 20:00

Despite ongoing price doldrums, investors continue to accumulate Bitcoin at a rapid pace to the tune of hundreds of millions of dollars worth of BTC, according to crypto analytics firm IntoTheBlock. In a new analysis, Lucas Outumuro, head of research at IntoTheBlock, notes that centralized exchanges witnessed…

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CryptoPotato: Every Third Billionaire Has Direct or Indirect Exposure to Crypto (Forbes Survey)

Saturday, 11 June 2022 20:08

30% of the polled billionaires have some kind of exposure to crypto as 3.2% have converted over half of their wealth into the asset class.

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AMBCrypto: What will become of Lido Finance as sETH gets depegged for the second time this month

Saturday, 11 June 2022 20:30

stETH is a token representing staked Ether in the Lido Finance platform, combining the value of an initial deposit + staking rewards. A derivative token backed 1:1 by ETH. Users who stake their ETH on the Lido Finance platform receive the staked derivative in return. Users/stakers can…

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BeInCrypto: Ethereum Core Developers Announce Further Delay of ‘Difficulty Bomb’

Saturday, 11 June 2022 20:35

Ethereum's developers announce another delay of the "difficulty bomb," a section of the consensus algorithm that eventually makes it impossible to mine Ethereum. The post Ethereum Core Developers Announce Further Delay of ‘Difficulty Bomb’ appeared first on BeInCrypto.

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CoinCodex: OKB up +0.92%, BTC -6.77%, OKB is The Coin of The Day - Daily Market Update for Jun 12, 2022

Sunday, 12 June 2022 06:00

Today's top gainer is OKB with a +0.92% price increase. Bitcoin down by -6.77% in the last 24 hours. The coin of the day is OKB. The total market cap decreased by -8.30%.

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