Ethereum is no longer the only major coin with built-in gas fee burning mechanics. The latest update to Binance Smart Chain, the so-called Bruno hard fork, introduced a real-time Binance Coin (BNB) burning mechanism, similar to Ethereum’s own fee burning mechanics launched as a part of the London hard fork in August.
On Tuesday, the first Monero (XMR) to Ethereum (ETH) atomic swap was completed on Arbitrum, a Layer 2 Ethereum solution. The atomic swap between XMR and ETH came six months after the swaps between XMR and Bitcoin (BTC) went online in May.
Yesterday’s positive market momentum, which saw Bitcoin (BTC) and Etheruem (ETH) reach their respective weekly highs, has unfortunately turned into a sea of red over the last 24 hours. The total cryptocurrency market capitalization has shrunk by roughly 10%, with numerous coins experiencing double-digit losses.
Avalanche (AVAX) has become the ninth blockchain platform to support the world’s largest stablecoin. Users of the high-performing and easily scalable network can now use Avalanche-native Tether (USDT) to gain access to the most liquid stablecoin in the industry.
For the first time since being launched in 2015, the total amount of Ethereum tokens in circulation has decreased by 307.96 ETH on October 27. The monetary deflationary pressure was introduced to the Ethereum network with the launch of the London hard fork in early August, which included a set of five Ethereum improvement proposals (EIPs).
The historic cryptocurrency market bull run is in full swing and shows no signs of slowing down. The cumulative value of more than 10,000 digital assets we list at CoinCheckup has reached $2.93 trillion on the heels of Bitcoin’s 6% price increase and broader altcoin surge led by Ethereum.
Goldman Sachs, the US-based investment banking giant sees Ethereum surging to $8,000 by the end of 2021. The bank’s Global Markets managing director Bernhard Rzymelka believes the potential 80% price increase is mostly due to Ethereum’s role as a hedge against inflation.
CME Group, the world’s largest financial derivatives exchange will allow investors to gain exposure to Ethereum via a new trading instrument called Micro Ether futures (MET). The new product will be sized at one-tenth of one ETH and is slated for launch on December 6.
Ever since Polkadot’s parachain auction schedule got approved in mid-October, the price of DOT has been on the upward trend. Earlier today, DOT managed to break its previous all-time high set in May and reached a historic high above $53.