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Ethereum Berlin Upgrade Ships Tomorrow Aiming to Reduce Gas Costs
Markets

Ethereum Berlin Upgrade Ships Tomorrow Aiming to Reduce Gas Costs

The Ethereum Berlin hard fork ships tomorrow. The upgrade contains four Ethereum improvement proposals (EIPs) mainly aimed at optimizing gas costs, and is the first of its kind since Muir Glacier shipped on Jan. 2 2020. “Hard forks” are a result of distributed networks like Ethereum upgrading or making changes in their software. Node operators…
Bitcoin's “Kimchi Premium” Just Blew Up to the Highest Since 2018
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Bitcoin's “Kimchi Premium” Just Blew Up to the Highest Since 2018

The so-called “Kimchi Premium,” the difference between Bitcoin’s price on South Korean exchanges versus the international price spiked to 23% before dropping to roughly 14% at the time of writing. This meant that BTC traded for almost $70K on Apr. 5 in South Korea, while the price was around $58K internationally. The 23% peak is…
Filecoin Rallying The Most Among Largest Crypto Tokens
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Filecoin Rallying The Most Among Largest Crypto Tokens

Filecoin’s token is soaring by the most in all of crypto.  FIL  has jumped 168% to $231 in the last week, the most among the top 100 tokens listed on CoinGecko. The project raised $52M in a presale and $205.8 million dollars in an ICO during the 2017 crypto boom only to largely fall off…
DeFi Quietly Doubled By Most Metrics in Q1
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DeFi Quietly Doubled By Most Metrics in Q1

While searches for “NFTs” have outpaced those for “DeFi” by seven to one at the close of 2021’s first quarter, DeFi has quietly doubled or tripled by most key metrics. Deposits in Ethereum-based DeFi more than doubled to $37.7B from $16.6B at the start of the year, according to DeBank, besting 2020s Q4’s 90% increase…
MOB Short Squeeze Has Traders Reminiscing GME Days
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MOB Short Squeeze Has Traders Reminiscing GME Days

MobileCoin (MOB) is up more than five times in the last 48 hours after a trader was borrowing what was at one point $120k worth of the token per hour to short it, according to crypto influencer who goes by Donny Crypto on Twitter. MOB is the MobileCoin project’s token and is intended for use…
ETH Fundamentals Improve Despite Correction
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ETH Fundamentals Improve Despite Correction

As prices retrace across the board in crypto, it is helpful to analyze fundamentals and assess to what extent have prices and fundamentals changed. Leveraging key on-chain indicators from IntoTheBlock, it is evident that Ethereum’s demand and store of value proposition continue to grow, unaffected by the recent price volatility.  Ethereum’s fees have been notoriously…
ETH in Whales’ Wallets Is Barely Budging
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ETH in Whales’ Wallets Is Barely Budging

ETH in whales’ wallets isn’t budging while smaller holders take their tokens to DeFi. The number of wallets with 100 to 10K Ether have dropped by 7.2% since the cryptocurrency hit an all-time high four weeks ago. In contrast, the amount of wallets with over 10K ETH, valued at more than $18.4M, dropped only 0.9%…
Ethereum Short Positions at Highest Level Since 2019
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Ethereum Short Positions at Highest Level Since 2019

Traders are betting ether’s plunge isn’t over yet. Ether short positions on Bitfinex, a top five spot exchange in terms of volume according to CoinMarketCap, are at the highest level since March 2019. The spike in short volume comes on the heels of a 14-day streak during which ethereum’s price nearly doubled, breaking through $1,000…
DeFi Liquidations Spike Amid Market Slump
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DeFi Liquidations Spike Amid Market Slump

It’s a bloodbath in crypto markets and DeFi borrowers are feeling the pain as liquidations spike. Total liquidation volume jumped to $14.6M on Jan. 10, almost tripling  from the previous day, according to data compiled by DeBank.  Risk of Leverage Liquidations, which in this context are the resale of borrowers’ collateral by other market participants,…
Deribit Introduces 10K Ether Strike Price
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Deribit Introduces 10K Ether Strike Price

It’s a bullish crypto market right now, and Deribit wants to make sure traders can be as optimistic as they want. The exchange is giving traders a way to bet on ETH reaching $10k by year end. The cryptocurrency futures and options exchange is introducing an ETH option with a $10K strike price and Dec.…