Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 B...

Ethereum is staring down one of its most significant supply risks as more than 1 million ETH, valued at $5 billion, lines up for withdrawal from staking. The unprecedented exit queue has ignited debate over whether the network could face a wave of selling pressure or if the movement marks a rotation of capital within the Ethereum ecosystem. Ethereum Sees Record Validator Exodus  Ethereum faces what analysts describe as the largest validator exit events in its Proof of Stake (PoS) history. Blockchain data from ValidatorQueue shows more than 1 million Ether, worth roughly $5 billion,....

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....

The ASIC miner wars heated up this week, as another entrant prepared to announce who will get its first ASIC units. Swedish company KnCMiner said this week that it will be informing the first customers of their place in the delivery queue for its two mining units, named Jupiter and Saturn. These devices will produce up to 350 GH/sec, according to the firm. KnCMiner had allowed people to register in a queue to purchase the units, but only opened up its payment gateway earlier this month, offering people in the queue seven days to secure their place with a payment. Those paying during the....

The creators of the widely popular Baby Shark song are launching NFTs this week, FTX.US has expanded NFT support to Ethereum and more than 300,000 people are waiting for Matrix NFTs. The Matrix’s NFT revelationsSoaring demand for the Warner Bros.’ Matrix NFT avatar drop on Nifty’s this week caused the website's purchasing page to crash. Earlier this month, the film studio announced it would be dropping 100,000 unique Matrix-inspired avatar NFTs for $50 each as part of a promotional campaign for the new Matrix Resurrections film set to hit cinemas in the U.S. on Dec. 22.After more than....

Golden crosses and death crosses are key signals that technical analysts use to determine whether an asset is trending upward or downward. How can traders use the golden and death crosses in their trading strategies?Traders typically buy during a golden cross and sell during a death cross. Different traders will have different approaches to crossover signals. Some traders might wait for a confirmed golden or death cross before entering or exiting a trade. Others might use the crosses as confirmation signals in conjunction with other technical indicators.In general, however, the golden and....