Ethereum is on a deflationary course as The Merge approaches.

The G.O.A.T. of Ethereum has been likened to the G.O.A.T. of American Football, but not in the way you think. The quote tweets on the new time article about me are truly amazing. These are barely even cherry picked, it's pretty much one piece of awesome after another. Highly recommend scrolling. https://t.co/teyd3ROqrT pic.twitter.com/BDzbwvekhw — vitalik.eth […]

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The ETH balance held by exchanges has fallen to a four-year low in anticipation of Ethereum’s planned switch to a pure Proof-of-Stake blockchain. issuance now: 15K ETH/day issuance at merge: 1.5K ETH/day pic.twitter.com/DH7liaytr6 — ultra sound money 🦇🔊 (@ultrasoundmoney) March 15, 2022 ETH transaction flows propose a super bullish pattern Since the beginning of this […]

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Whale activity has become a source of concern for Ethereum developers in recent days. Despite this, $3K is within the crosshairs for the asset class.

Ether outperformed the market after increasing 5% over the last day compared to the 2% rise in BTC as we can see more in today’s latest altcoin news. Most cryptocurrencies traded higher after a volatile week and Ether outperformed the market, climbing by 5% in the past 24 hours, shy of $3000 for the first […]

Ethereum is well on its way to the Merge as more milestones are met. The move to proof of stake will no doubt be a game-changer for the blockchain. So As the day for the merge draws closer, users of the network have been upping their activity in recent times. One of the places where Ethereum has recorded an uptick has been the staking queue which is now nearing its previous all-time high. Ethereum Staking Queue Crosses 300,000 The Ethereum staking queue is a good indicator of how users of the network are looking at it. When this is low, investors may be more way and not want to stake their coins on the network. However, when this number begins to go up, it signals a number of things for Ethereum, among them, being that users are looking more positively at it. Related Reading | TA: Bitcoin Holds Uptrend Support, What Could Trigger Sharp Decline This queue has been going up in recent times and as of 17th March, has almost reached its previous high. It had previously touched a new high above 330K in June of 2021 when the bull rally had been in full bloom. But the subsequent market downtrend had seen this number come down with it going into the bear trend. Only to begin another recovery in August of the same year. ETH price recovers above $3,900 | Source: ETHUSD on TradingView.com As for 2022, the number had been steadily growing but hadn’t seen any significant boost. This boost came about two weeks into March when the number of wallets on the queue crossed 300K. It is the sharpest increase ever recorded by the Balance Validators Status. What Does This Mean? For a network like Ethereum, beating and setting new records aren’t a new thing. But like with any other thing, such high interest will definitely have an impact on the network and the price. In this case, the number of wallets that are now suitable to stake on the network is higher and are waiting to be activated to do so. When such a large amount of wallets are given the green light to start staking, it will take a good chunk of coins out of current circulation. Related Reading | TA: Ethereum Consolidates Near $2,800, Why ETH Could Rally Again This is because it takes 32 ETH for a wallet to be eligible to become a validator on the network. This means that when these wallets on the queue are activated, about 1 million ETH coins will be locked away for at least three months, which is the minimum staking duration for Ethereum. A look at past charts shows that times like this have coincided with the increase in price for ETH. However, there has been one deviation which was during the November rally where ETH hit a new high above $4,000. Nevertheless, with such volumes of ETH being temporarily taken out of circulation, it most likely will positively affect the value of the cryptocurrency, pushing the value towards previous highs. Featured image from MARCA, chart from TradingView.com

Ethereum’s Kiln testnet has successfully passed the merge, however, with a few minor flaws. And it seems to have worked 🎉 Post-merge blocks are being produced by validators, and they contain transactions! https://t.co/xearnsuZFp Just waiting on finalization now 👀 https://t.co/BEfJOI4qqj pic.twitter.com/c4p1UXB5vw — Tim Beiko | timbeiko.eth 🔥🧱 (@TimBeiko) March 15, 2022 Merge testing continues As […]

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Ethereum seems to be totally committed to its plan this year as the full upgrade to Proof-of-Stake gets close. Marius van der Wijden, one of Ethereum’s core developers, announced in a post on March 10 that the final testnet had gone public. The testnet is a blockchain version that allows developers to experiment with new [...]

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March 11, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ The US Department of Labor urged “extreme care” for fiduciaries considering[...]

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It’s the final countdown in ethereum Proof of Stake (PoS) development as preparations are undertaken to launch the last public testnet before the merge. “We’d like the Kiln testnet to...

The last time ETH Denver was held in person, ETH’s market cap stood at $30B, DeFi hadn’t had its breakout summer, and few...