Grayscale supports proposed caps on Ethereum staking rewards, believing it would reduce ETH inflation and enhance its value as a store of value. The firm warns that excessive staking could be counterproductive, increasing centralization risks and inflation. Currently, about 31.6% of ETH is staked, with net issuance around 1 million ETH annually. The changes are part of Ethereum's long-term plan to improve network efficiency and competitiveness, but successful execution will be key to its future success.
The Ethereum Foundation is reducing its annual budget by about 40% as part of a shift to a more sustainable financial model, aiming to cut spending from 15% to 5% of its treasury by 2030. This move accompanies significant organizational changes, incl...
Ethereum (ETH) has dropped below its 200-hour Simple Moving Average (SMA), indicating weakening bullish momentum and increasing seller control. The price recently fell from around $1,720 to the mid-$1,600 range, with $1,580 identified as the next maj...
A whale trader opened a $24.34 million leveraged position on Solana (SOL) and Ethereum (ETH), betting on a rally. The trader closed the ETH position with a $14.2K profit amid a tech sector sell-off that pressured crypto markets, leaving the $16.5M SO...
Bitcoin and Ethereum, along with several other major cryptocurrencies, experienced significant price declines, with Bitcoin falling over 4% and Ethereum dropping nearly 6%. This broad market sell-off reflects increased investor caution and volatility...
Ethereum's price dropped more than 5% to around $1,660 amid a broader crypto market decline affecting Bitcoin and other major coins. The selloff is compounded by the Ethereum Foundation's decision to cut about 20% of its workforce as part of a restru...
