Crypto Assets Flow From Ethereum To BSC, Are Users Escaping High Gas Fees?

There is a substantial flow of assets from Ethereum to the Binance Smart Chain (BSC), according to data from Cryptoflows. Migration From Ethereum To BSC The shift to move assets from the legacy smart contracting network could be driven by the desire to escape high gas fees.

Timeline of Bowscoin, Ethereum

Bankrupt cryptocurrency lending platform Celsius has moved to reclaim its Lido staked Ether (stETH) tokens from liquid staking platform Lido after the latter recently enabled withdrawals. These withdrawals came in after Ethereum's Shapella upgrade allowed investors to unstake their $ETH.

More than 70% of all tokenized Bitcoin, worth over $4.3 billion, have been transferred to Ethereum, according to data from Cryptoflows. This migration highlights a growing trend of utilizing Bitcoin within Ethereum's decentralized finance (DeFi) ecosystem and other interesting areas.

Ethereum Price Analysis: Amid the increasing indecisiveness in the crypto market, the Ethereum price has been in a sideways trend between $1827 and $1790. The coin prices show attempts to breach the aforementioned two levels indicating a narrow range formation in the daily chart.

Credible, a well-known crypto strategist with a large following, shared his bullish outlook on Ethereum (ETH) and the broader altcoin markets in a recent Twitter update. Credible anticipates an impending rally in ETH but anticipates a significant retracement afterwards.

Cryptocurrency exchange Coinbase (NASDAQ:COIN) has temporarily stopped payouts for its Ethereum (CRYPTO: ETH) staking service due to a minor technical issue, the company said on Tuesday. What Happened: The exchange assured its users that the rewards are still being accrued and that the payouts will be set once the issue is resolved — a process expected to take between 48 and 72 hours.

Recent data suggests that whales might be holding back ETH bulls. Addresses holding over 1,000 ETH have been reportedly been disinterested in re-accumulating ETH at its current level.

A closely followed crypto strategist is predicting a burst to the upside for Ethereum (ETH) and the altcoin markets in general. Pseudonymous analyst Credible tells his 340,600 Twitter followers that he believes Ethereum is gearing up for a strong rally.

This article delves into the wild turn of events leading to an unplanned cap on Ethereum's ether supply. It examines the role of the EIP-1559 burn mechanism, the impact of the Ethereum's transition to PoS, and the potential long-term consequences for Ethereum and the broader crypto market.

Liquid staking protocol Lido (LDO) anticipates its users making large staked Ethereum (stETH) withdrawals this week following the successful completion of its V2 upgrade. Withdrawal request spikes According to 21Shares researcher Tom Wan, Lido users have started increasing their withdrawal requests following the successful test of the feature.

The Bedrock hard fork, proposed earlier this year and approved by the Optimism community in April, is supposed to bring a “new level of modularity, simplicity and Ethereum equivalence.”