Binance NFT Debuts Ethereum Loans Backed by NFT Collateral

Binance NFT, a prominent player in the non-fungible token (NFT) market, has announced the launch of a new feature, Binance NFT Loan. The service, set to go live at 11:00 (UTC) on May 26, 2023, will enable NFT owners to secure Ethereum (ETH) loans using their NFTs as collateral.

Timeline of Ethereum

Ethereum Price Analysis: In the midst of growing uncertainty within the cryptocurrency market, a short support trendline protected the Ethereum price from excessive downfall. The coin price bounced thrice from the rising trendline in the last two weeks, indicating the buyers were buying at minor dips to reclaim lost ground.

Ethereum started the week with a promising performance, experiencing a gain of over 3%. However, the bullish momentum was short-lived as the altcoin failed to sustain its position above a key resistance level.

During the EDCON 2023 conference, Vitalik Buterin called the The Internet Computernetwork Ethereum's sister network refuting competition claims. In the world of blockchain technology and crypto, Ethereum has emerged as a prominent player, revolutionizing the way we think about decentralized applications and smart contracts.

The Ethereum (ETH) network has reached a significant milestone following the highly-anticipated Shanghai upgrade, as staking activity soars to new heights. According to crypto analytics platform Cryptorank, the Ethereum deposit contract balance has exceeded $40 billion, with users depositing over 4.4 million ETH since April 12 (the date of the Shanghai upgrade launch).

In the ever-evolving landscape of crypto and blockchain technology, there are few names that stand out as prominently as Vitalik Buterin. As the co-founder of Ethereum, Buterin has been instrumental in shaping the future of decentralized applications and smart contracts.

Following the Shapella update, which allowed Ethereum users to withdraw coins previously put into staking, liquid staking platforms such as Lido, Frax and Rocket Pool increased their market share to hold 46% of all ETH deposited on the Beacon Chain.

Ethereum, one of the leading cryptocurrencies, faces resistance as it moves lower from the $1,880 level. This article explores the latest price action of Ethereum (ETH) against the US dollar (USD) and examines the potential scenarios that could unfold in the near future.

Ethereum (ETH) holders are on a downward movement while the total number of staked ETH in the ETH 2.0 contract constantly rising since the Shanghai/Shapella upgrade earlier this year in March.

After the long-anticipated upgrade that has allowed validators to withdraw their staked tokens, the Ethereum (ETH) network has recently surpassed a major milestone in deposit contract balance thanks to the soaring interest in staking.

Vitalik Buterin, the renowned creator of Ethereum, recently expressed his concerns regarding the increasing trend of restaking and its potential impact on the Ethereum blockchain. In a blog post on his website, Buterin highlighted the importance of maintaining the integrity of Ethereum's validators and cautioned against the misuse of their influence.