Browsing: Ethereum

Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental…

Ethereum price analysis starts the week with ETH trading at $2,710, up +0.5% over the past 24 hours, as buyers attempt to break through a stubborn resistance level. Bitcoin has gained +1.3% to $85,900, and total market capitalization has risen 0.7% to $3.01 trillion.

Lido’s proposed route for running larger Ethereum validators would require a 32 $ETH entry bond, compared with 2.4 $ETH for its existing default route. That higher collateral can become more efficient once enough stake is allocated to the validator, but an operator’s profile and place in the funding queue determine how useful the advantage is.

Ethereum Layer 2 Blast will shut down operations by the end of October, citing challenging operational costs. In an X post, the team said they didn’t see a “credible path” to make the chain economically sustainable. The economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue…

Circle has urged the European Commission to remove fixed bank deposit requirements for stablecoin reserves as the EU reviews its Markets in Crypto Assets regulation. Circle urged the European Commission to reconsider MiCA rules requiring stablecoin issuers to hold at least 30% of reserves in commercial bank deposits, rising to 60% for significant issuers. The…

Bitcoin could get more room to recover after U.S. nonfarm payrolls rose by just 29,000 in September, well below forecasts, adding to expectations that the Federal Reserve may hold interest rates steady at its October meeting. US nonfarm payrolls rose by just 29,000 in September, well below forecasts, while unemployment edged up to 4.2%. The…

Ghana has become sub-Saharan Africa’s fifth-largest crypto market, with annual digital-asset transactions estimated at roughly $21 billion as regulators prepare to bring a fast-growing stablecoin and trading market under formal supervision. Ghana ranks fifth among sub-Saharan Africa’s crypto markets, with annual transactions estimated near $21 billion. Between 8% and 17% of Ghanaians have bought or…