Sunday, November 27, 2022

Ethereum News

Phishing attack steals $8M in Crypto from Uniswap LP

A phishing scam offering a fraudulent airdrop managed to steal nearly $8 million from Uniswap users on Monday.

BAYC Otherside NFTs generate $285 million, clogging up Ethereum


Eth 2.0

On September 6th, Ethereum will begin its long-awaited transition to proof-of-stake

The Ethereum Foundation has announced that the Merge will begin on September 6th. First, the Bellatrix upgrade will be activated on September 6th, which will kick-start the rest of the Merge process, which is expected to be completed by September 20th. A major liquidation could be on the horizon for the NFT market. Thousands of holders of NFTs are taking out ETH loans using BendDAO's web3 lending protocol. A BAYC whale (Bored Ape Yacht Club) borrowed over 10,000 ETH from the platform, escalating liquidation fears.

3AC’s Uncertainty Leads Finblox to Impose Withdrawal Limit While BlockFi Liquidates ‘Large Client’

Amid the Three Arrows Capital's (3AC's) crisis, Finblox announced Thursday it would impose a $1,500 monthly withdrawal limit and pause reward distribution. It comes after a report on Wednesday that 3AC could be insolvent following liquidations worth $400 million.

Is the Staked Ether (stETH) depegging a cause for concern?

With holders selling their now depegged stETH and the date of the ETH 2.0 Merge mired in uncertainty, there is now heavy selling pressure on stETH.