ETH Financial News

As On-Chain Summer continues to grip DEX markets, Shiba V Pepe token ($SHEPE) has emerged as the weekend's biggest breakout - after skyrocketing +5,000%.

The Friend.tech project, which has recently garnered significant attention in the crypto community due to its rapid financial growth, is now facing scrutiny over data leak and security concerns. A tweet from Cos raised alarms by suggesting that over 100,000 Twitter accounts corresponding to certain wallet addresses have been compromised. This breach poses a significant privacy threat, as these addresses could potentially be linked to unveil more private information about users.

The cryptocurrency market is experiencing waves of volatility, with Ethereum at the forefront of this turbulence. 

As Donald Trump continues to dominate headlines, and meme coin markets haven't skipped a beat as a new Trump (MAGA) meme coin surges +20,000% on-chain.

In a stunning display, DEX token PigLido has skyrocketed a mind-blowing +30,000% in just 24-hours, and with a second-leg seemingly underway - how high could this moon-shot go?

Ethereum is the second-largest cryptocurrency by market capitalization and the most popular platform for decentralized applications (DApps) and smart contracts. Ethereum has been undergoing a major upgrade called Ethereum 2.0, which aims to improve its scalability, security and efficiency. Ethereum 2.0 introduces a new consensus mechanism called proof-of-stake (PoS), which rewards users for staking their ETH tokens and validating transactions on the network.

As on-chain summer continues to grip DEX markets, in an unexpected move a Pepe (PEPE) - a spin-off of the original Pepecoin - has exploded an eye-watering +10,000%.

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Shibarium, the Layer 2 blockchain developed by the creators of memecoin Shiba Inu, is finally resuming token withdrawals via the bridge – a tool that transfers tokens across different networks.

The Ethereum price has dropped by 1% in the past 24 hours, falling to $1,633 as the cryptocurrency market as a whole slips by 0.5% in the same amount of time.

Europe will be particularly affected. Heat waves of the kind we are currently experiencing are particularly deadly for the elderly, the sick and the poor, the researchers said. The 2003 heat wave, which saw temperatures in Europe reach 47.5 degrees Celsius, was one of the worst natural disasters of recent decades, claiming an estimated 45,000 to 70,000 victims in the space of a few weeks, they said. The researchers from ETH Zurich in Switzerland found that such heat waves could become the new norm in the coming years. Since 2013, they have been systematically collecting data on daily heat-related excess mortality for 748 cities and communities in 47 countries in Europe, Southeast Asia, Latin America, the US and Canada. The researchers used this dataset to calculate the relationship between the average daily temperature and mortality for all 748 locations. From this, they were able to establish each location's ideal temperature, where excess mortality is at its lowest.

Coinbase Ventures, the investment arm of the prominent cryptocurrency exchange Coinbase, has made a strategic investment in Rocket Pool, a decentralized Ethereum staking pool. The announcement was made on August 10, 2023, through a series of tweets by Coinbase Ventures.

Speaking at an annual conference of central bankers at Jackson Hole, the Chairman of the US Federal Reserve Jerome Powell left the door open to the possibility of further interest rate hikes in the US, triggering some short-lived sell pressure in the crypto market.

As former President Donald Trump reels following his surrender at the Fulton County jail, DEX market traders haven't missed out on the action - with the TRUMP meme coin exploding +10,000% in the wake of the news.

The price of Shiba Inu (SHIB) has slipped by 3% in the past 24 hours, after the cryptocurrency market as a whole dropped by 1% within the same period.

The Ethereum price has dipped by 1% today, with its fall to $1,653 coming amid a similar loss for the cryptocurrency market as a whole.

The Shiba Inu's SHIB  price surged around 10% in the past 24 hours, while Bitcoin remains stuck at around $29,400. This surge makes  SHIB  one of the hottest cryptocurrencies, raising interest among traders. On Binance, 1000 SHIB are grouped together as one trading unit, symbolized as 1000SHIB.

Blue chip cryptocurrencies have mostly erased the gains they made on Wednesday, with Bitcoin (BTC) back trading near $26,000 and Ether (ETH) back close to $1,650.

Ethereum is the second-largest cryptocurrency by market capitalization. Ethereum is the most popular platform for smart contracts and decentralized applications (dApps). Ethereum successfully completed its merge upgrade.

ApeCoin (APE) has plummeted a further -15% week-on-week, in the latest tumble of a 7-month cascade, leaving desperate bag-holders asking: Is ApeCoin going to zero?

The XRP price has increased by 0.5% in the past 24 hours, reaching $0.523148 as the cryptocurrency market as a whole made a small recover today after recent losses.