Ethereum News

Crypto Hedge Fund Three Arrows Capital Snaps Up $400M in ETH
The move comes mere weeks after co-founder Su Zhu “abandoned” Ethereum over its prohibitively high fees for new users.

Polygon’s MATIC Token Up 40% Amid Crypto Rebound
Speculation mounts over Polygon’s foray into zero-knowledge proofs.

Wrapped Bitcoin’s Supply Has More Than Doubled, but BadgerDAO Hack Exposed Risks of Moving Bitcoin to Ethereum
Higher returns usually come with higher risks.

SushiSwap CTO Threatens to Quit, Demands More Autonomy and Compensation
Joseph Delong, chief technology officer of SushiSwap, announced he would leave the popular Ethereum-based decentralized exchange unless the core team is given more autonomy and increased compensation. “The Hash” hosts discuss the outlook for Sushi following the latest escalation in its ongoing infighting.

BitMart CEO Says Stolen Private Key Behind $196M Hack
The crypto exchange’s CEO said the company will compensate affected users out of its own funds.

Large Traders Dominate DEXs as High Ethereum Fees Keep Retail Investors at Bay
The average trade size on Curve Finance ranges from $500,000 to $1 million, according to Kaiko.

Can Stablecoin Supply Measure Ethereum Adoption?
As innovation on top of Ethereum continues to connect DeFi with the outside world, stablecoin growth appears to be a strong measure of adoption.

FTX.US Adds Ethereum Collectibles to NFT Marketplace
FTX opened trading for some of the Ethereum network’s top NFTs on its U.S. marketplace Wednesday, mounting a challenge to market leader OpenSea and beating rival exchange Coinbase to the punch. Why are centralized crypto exchanges rushing into being NFT trading venues? “The Hash” panel discusses the latest in the race to NFTs.

FTX.US Adds Ethereum Collectibles to NFT Marketplace
The rollout comes about a month after the exchange’s largely underwhelming Solana-based NFT debut.

Avalanche, Layer 1 Tokens Soared in November as Ethereum Fees Drove Competition
Avalanche saw its AVAX token rise 70% in November and was the month’s best performing layer 1 platform with a market capitalization of $10 billion or greater.
