Ethereum

POKKET: Crypto Market Update (Sep 16)

POKKET: Crypto Market Update (Sep 16)

Bitcoin is +1.5% to $48k, ETH is +5.3% to $3600. Movers are REN +30%, FTM +23%, SUSHI +15%, CHR +11%, SNX CRV +9%, CELR -10%. The Solana team announced they have successfully completed a restart of Mainnet Beta after the 1.6.25 upgrade, although network delinquency is around 18%. A failed attack on Ethereum occurred which managed to temporarily divert 0.8% of nodes to a non-canonical chain two days ago, with 550 blocks published with invalid PoW — all affected nodes have successfully merged back…
POKKET: Crypto Market Update (Sep 5)

POKKET: Crypto Market Update (Sep 5)

Bitcoin is flat at just around $50k, ETH is softer -1.8% to $3890. Movers are STMX +37%, POWR +32%, IOST +26%, PNT +25%, MATIC +18%, STORJ +16%, POLY +15%, EVX +14%, AXS +13%, OAX +12%, REEF +10%, no standouts on downside. Just when things looked to have cooled off for CryptoPunks, another one goes to sell for $3.9M over the weekend. Despite being 48hrs old, $AGLD is getting hyped on the back of Loot, the latest NFT craze as many projects try to ride the ‘loot-verse’ fantasy — brought to you by …
POKKET: Crypto Market Update (Aug 28)

POKKET: Crypto Market Update (Aug 28)

Bitcoin rebounded overnight to $49k, +4.2% and ETH is back to $3275, +5.1%. Movers are SRM +14%, REN +12%, FTM +11%, DENT 1INCH +9%, and rest are in between. a16z is openly discussing effective ways to exit on their crypto investments (IPO equivalent in the normie world), one by which is called ‘token delegation’ where delegation refers to the process where a token holder transfers their on-chain governance rights to others. Twitter’s @jack is planning to build a decentralised Bitcoin exchange t…
POKKET: Crypto Market Update (Aug 18)

POKKET: Crypto Market Update (Aug 18)

Bitcoin is lower -2.5% to $45.1k, ETH is dangerously close to breaking $3k level, -4.2% to $3045. Movers are BRD +33%, AUDIO +19%, REN +18%, AXS +10%, PNT -11%, CHR UNI GTO CRV -10%, and rest of the alts are down. Galaxy Digital has filed with the SEC for a Bitcoin futures ETF. ETH 2.0 staking contract has finally surpassed wETH to become the single largest holder of ETH, with 210k validators on the network representing 5.7% of circulating supply. Dogecoin foundation returns with Musk as the rep…
POKKET: Crypto Market Update (Aug 11)

POKKET: Crypto Market Update (Aug 11)

Bitcoin is -0.6 at $45.6k, while ETH is +1% to $3160. Movers are AXS +46%, ALICE +22%, BQX +14%, BAND HOT +13%, FET AKRO +12%, CND CHR CRV BRD +10%, CTSI -13%. In one of the largest crypto hacks in history, $600M of TVL was syphoned from PolyNetwork overnight. Security experts and forensics are hard at work to find the path of the hack, with some saying its an inside job and others calling a security flaw in the multi-sig setup. Either way, the hacker has managed to convert some of the $600M alr…
POKKET: Crypto Market Update (Aug 10)

POKKET: Crypto Market Update (Aug 10)

Bitcoin is +6.0% to just under $46,000, ETH is +6.4% to $3150. Movers are CTSI +77%, NKN +35%, SXP +19%, AST UMA +17%, CELR +14%, WABI +13%, REEF BZRX +12%, CHZ +11%, nothing on downside stands out. The verdict is out on the US Infrastructure Bill for crypto as the Senate rejects the revised crypto tax provisions. The crypto-friendly amendment failed after Senator Richard Shelby, who is retiring this year, tried to tack on $50B in military infrastructure spending but was voted against, so he vot…
POKKET: Crypto Market Update (Aug 8)

POKKET: Crypto Market Update (Aug 8)

Bitcoin is +2.0% to $44,000, ETH continues to climb, now at $3100 +6.5%. Movers are ALPHA +19%, ZRX +17%, OXT +16%, DODO +11%, UNI +10%. $30M in Ethereum has been burned over the past two days post-EIP-1559 implementation. The entire crypto market is being lifted up after the London hard-fork on Friday, despite all the major developments in the US Infrastructure Bill which goes to a vote over the weekend. Brian Armstrong of Coinbase made a tweet thread explaining the dangers to in…
POKKET: Crypto Market Update (Aug 6)

POKKET: Crypto Market Update (Aug 6)

Bitcoin is +1.8% to $40.2k, ETH +3.6% to $2800 after the London hard-fork. Movers are TRU +240%, FIS +117%, INJ +19%, DLT +18%, AST +17%, POND +14%. Ethereum’s London hard-fork initiated without any large disruptions and services are starting to implement the upgrades — uptake of the new chain is ~1%, which is anticipated to slowly ramp up to eventual full adoption. Ethan Allen, the furniture maker, is dropping their stock ticker $ETH after lots of confusion and pamping of th…
POKKET: Crypto Market Update (Aug 5)

POKKET: Crypto Market Update (Aug 5)

Bitcoin is up +3.6% to just a touch under $40k, ETH is up a whopping +8.3% to $2700 prior to the EIP-1559 fork. Movers are COMP +16%, AXS BQS TRU PNT +13%, ALPHA +12%, rest are calm. Ethereum’s long awaited London hard fork happens soon, which includes the big change EIP-1559 which changes how transactions are structured by introducing a new base fee to make transaction costs transparent and less of a guessing game. It will also add a level of gamification by burning the transition fees, wh…
POKKET: Crypto Market Update (July 17)

POKKET: Crypto Market Update (July 17)

Bitcoin price is softer -0.7% at $31.3k, ETH is also -1% to $1900. Movers are BAT +12%, UMA +11%, ALICE -17%, DEGO CHR LIT -15%, AUDIO DODO -14%. Janet Yellen will meet with top regulators for a discussion on stablecoins next week, with a particular focus on Tether; turns out the FUD wasn't unwarranted after all. Anthony Di Iorio, one of the eight Ethereum co-founders, is going to sell his firm Decentral and quit crypto all together to focus on larger problems and step away from being a 'crypto …