Active Ethereum Addresses Drop to 28,149

Just like Bitcoin, Ethereum also witnessed a sharp decrease in value in the past few months. The world's second most valuable crypto asset touched a low of almost $850 during the recent market sell-off.

Timeline of Ethereum

Uniswap saw its native token UNI log massive gains this week as the DeFi exchange saw its volumes rival those of Ethereum, the blockchain it is built on. UNI jumped nearly 45% through the last seven days to $5.46, touching its highest level in over three weeks.

In the recent Ethereum Core Devs Meeting, the developers working on the Ethereum merge discovered many issues regarding the readiness of client teams for the merge.  Despite the issues, the developers remain confident to be able to deploy the merge on the Sepolia testnet by the 6th of July.

Yuga Labs has announced that it has filed a lawsuit against parties slandering the Bored Ape Yacht Club NFT project. The Bored Ape Yacht Club NFT project has been the victim of conspiracies that it has ‘racist' undertones.

Lido DAO token holders have commenced voting to determine whether the DeFi platform should reduce its staking pool. The post What Lido staking dominance may mean for Ethereum's future appeared first on CryptoSlate.

It has been hard for ETH traders to avoid panicking in the last few months as ETH continued to sell with no end in sight. The bears have been easing off their assault every once in a while, paving the way for minor relief rallies.

Lido community members have begun debating whether the staking service provider should limit its share of staked Ethereum because of the systemic centralization risk this poses to the blockchain network. The post Lido community debates limiting staked Ethereum as centralization concerns grow appeared first on CryptoSlate.

As the large cap coins have continued to suffer losses, Ethereum whales have now turned their focus to smaller cap altcoins in a bid to try to squeeze out some profit from the bear market. These coins are previously unknown outside of their community niches but these large investors are bringing them to the forefront.

Solana (SOL) is the best performing asset in the crypto top 10 by market cap. The market seems to be positively reacting to Solana Labs' smartphone announcement as the cryptocurrency is surging faster than other assets in this tanking.

According to a PeckShield notice sent on Friday, a wallet address connected with last year's alleged AnubisDAO rug pull has begun to move funds from the heist. The hackers already funneled 1,018 ETH via Tornado Cash at the time of…

Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. The post Crypto downturn sees electricity consumption on Ethereum plunge by 50% appeared first on CryptoSlate.