Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

    The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position. An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises…

    Utility and long-term profits top reasons for NFT purchases: CoinGecko study

    People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits. Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab. An April 10 CoinGecko report found most considered how…

    Ethereum Archive Node service shuts down, saying it ‘succeeded’

    ArchiveNode.io has closed its doors following three years of providing archived Ethereum blockchain node data. Ethereum mainnet archive node service ArchiveNode.io says it will be shutting down, claiming that the project has been a success. On April 4, ArchiveNode.io announced it was “sunsetting” its services after more than three years of providing free Ethereum mainnet…

    Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash

    The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises. The collapse of Silicon Valley Bank saw investors loading their bags with USD Coin, along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges often…

    Euler hacker seemingly taking their chances, sends funds to crypto mixer

    Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims. The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s…

    AI-based tools bring security and transparency to the NFT market

    AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem. The unhinged growth of nonfungible tokens (NFTs) has come with undesirable costs, and the tech sector is stepping up to fix it. In less than a decade, the NFT space has expanded from pixelated punks to an established proof-of-ownership for digital and physical…