EigenLayer’s native token, EIGEN, cracked the top 100 tokens by market capitalization after commencing trading on Oct. 1, according to CoinMarketCap. The token unlocked at 5:00 am UTC and has been trading between $3.50 and $4.50 per token on Binance. According to Binance, it’s currently trading at around $3.85, implying a fully diluted value of approximately…
Understanding Bitcoin loss Bitcoin losses — such as the well-known case of James Howells losing access to 7,500 Bitcoin — occur when private keys become inaccessible, effectively removing Bitcoin from circulation. When you think about “losing your Bitcoin,” you probably recall the image of James Howells, a British IT worker, rummaging through a landfill in…
Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase. Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning…
Risk management is rarely included in the crypto entrepreneur’s starter pack. Especially when the markets are booming and crypto entrepreneurs are on a crusade to acquire users and TVL, they tend to prioritize innovative tech and aggressive marketing over sustainability. But it’s a company’s attitude to risk that dictates whether it’ll thrive after the bull…
Bitcoin may not post a new all-time high any time soon as crypto market sentiment is at its highest level in months, according to Santment. On Sept. 30, onchain analytics platform Santiment said those anticipating a new Bitcoin all-time high may need to wait until the crowd “slows down their own expectations.” It looked into…
Ki Young Ju, the CEO of CryptoQuant, has called for regulation as a key factor in the long-term development of Web3 and cryptocurrency. In a Sept. 29 X post, Ju argued that crypto and Web3 could “thrive responsibly” with the regulatory framework necessary to mitigate scams and build trust. Ju’s comments sparked debate among the crypto…