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A pair of giant whales are conducting big transactions on the Ethereum (ETH) network, on-chain data sleuths report.

According to blockchain tracking firm Lookonchain, two whales each staked 8 figures worth of ETH and Staked Ethereum (stETH) early on Monday.

Lookonchain says the two whales staked their coins through Agility, a liquid staking derivatives (LSDs) and trading platform.

We noticed 2 giant whales staked 29,073 stETH ($60.7M) and 26,550 ETH ($55.4M) via Agility LSD.

Whale 0x3f34 staked 18,694 stETH($39M) and 11,550 ETH($24M).

CZSamSun staked 10,379 stETH($21.7M) and 15,000 ETH($31.4M).

One of the wallets, labeled as CZSamsun, has over $193 million in assets, according to Web3 portfolio tracker Debank. The other wallet has $93 million, according to Debank.

Lookonchain also recently tracked down wallets sending money to crypto exchange Binance to scoop up Ethereum scaling solution Loopring (LRC) and Fantom (FTM), one of the ETHs biggest rivals.

According to the firm, a whale sent Tether (USDT) to Binance and picked up nearly $1 million worth of FTM and over $3 million worth of LRC to add to its big stacks.

A whale transferred USDT to Binance to buy FTM and LRC.

The whale received 7.56M LRC($3.1M) and 1.84M FTM($981K) ~1 hr ago.

Currently holding 9.75M $FTM ($5.2M) and 9.3M $LRC ($3.8M).

The buying cost of mFTM is ~$0.4040, and the buying cost of LRC is ~$0.4157.

At time of writing, Ethereum is trading at $2,079, while FTM is trading for $0.523 and LRC is going for $0.40.

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Giant Ethereum (ETH) Whales Move Over $110,000,000 in Crypto As Markets Stall Heres What Theyre U... - The Daily Hodl

Investors are closely monitoring the cryptocurrency market as the Big Eyes Coin (BIG) presale nears its end. The recent announcement of Ethereums Shanghai Upgrade, anticipated to bring major changes to the platform, has led to a slight rise in the prices of both Ethereum and Bitcoin (BTC). Despite fluctuations in the market, the Big Eyes Coin project remains in the spotlight, with investors showing enthusiasm to witness its development, particularly upon the tokens launch on an exchange.

The team responsible for Big Eyes Coin has announced that the presale will conclude on June 3rd. The impressive success of the digital asset has made history by raising over $33 million, making it the biggest meme coin presale to date. This accomplishment indicates a growing interest in meme-inspired cryptocurrencies and emphasizes their potential to attract significant investment and support from the crypto community.

To reward its investors, the digital asset is offering a 250% bonus to those who use the code BULLRUN250 as the presale comes to an end. The project has also initiated a promotional campaign with Loot Boxes, which offers users a chance to win a prize worth the same or more than what they paid to open the box. These promotions are aimed at attracting more investors and building a strong community around the Big Eyes Coin project while also recognizing those who have already supported it.

Big Eyes Coin is dedicated to social responsibility and sustainability by setting aside 5% of its total supply to support ocean conservation efforts. This action distinguishes Big Eyes Coin from other meme-inspired coins and demonstrates the projects goal of making a positive impact on the world.

This week, the Ethereum blockchain networks impending update prompted a continuation of the upward trend for Bitcoin and other cryptocurrencies.

Bitcoins value experienced a 1% increase in the past 24 hours, bringing it close to the highest levels observed since last summer, but still below the brief peak of nearly $29,500 achieved last week with a current value of approximately $28,550.

While Bitcoins value has grown by over 70% this year, resulting in speculation of a new bull market, recent trading has been marked by price stagnation and volatile fluctuations.

With the Ethereum Shanghai and Capella upgrades scheduled for April 12th, all eyes are on ETH with just one week remaining until the event. Crypto analysts are optimistic about this upgrade as it has the potential to enhance transaction efficiency on the Ethereum blockchain.

Despite the regulatory actions and rumors circulating against exchanges, Ethereum showed its strength by reaching a seven-month high of $1,922 on April 5th, solidifying its position as the second-largest cryptocurrency by market capitalization.

Some analysts believe that Ethers ability to exceed resistance levels suggests a potential price target of $3,000 in Q2 2023. Analytics provider Santiment reports that whale accumulation remained strong in March, increasing by 0.5%.

As for investment options, while the upcoming upgrades to Bitcoin and Ethereums blockchain networks are driving their respective price surges, its essential to note that Big Eyes Coin is also a promising option, considering its launch date is quickly approaching.

With the presale already raising over $33 million, the code BULLRUN250 providing investors a 250% bonus, and the coins commitment to allocating 5% of its total supply to ocean conservation, Big Eyes Coin has already shown remarkable potential in the crypto market.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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Bitcoin And Ethereum Are Prepared For The Shanghai Upgrade ... - Analytics Insight

Bitcoin (BTC) is often considered an inflation hedge and recent market behavior seems to support this belief. ARK Invest CEO, Cathie Wood, said that Bitcoin (BTC) and Ethereum (ETH) are behaving like risk-off assets amid financial uncertainty. According to Wood, BTCs resilience during the banking crisis is one of the most impressive indicators.

Wood believed that Bitcoin (BTC) and Ethereum (ETH) will disrupt the traditional world order. Both assets can be considered like gold because investors are using them as flight to safety assets, she added. According to Wood, cryptocurrencies will eventually be raised during elections. As the sector becomes more widely accepted, the public would want to see regulatory measures by the US government. However, not everyone is sold on the idea that BTC and ETH behave like gold.

American billionaire, Ray Dalio, however, does not share Woods sentiment. Dalio feels Bitcoin (BTC) is neither an effective store hold of wealth nor a medium of exchange. BTC has volatility, which Dalio mentioned, and has no relation to anything. Because of this reason, Dalio says that BTC is a poor alternative to gold. Dalio is the founder of Bridgewater Associates, the worlds largest hedge fund by assets under management.

Dalio has previously called Bitcoin one hell of an invention. However, the American billionaire seems to have changed his stance on the original cryptocurrency.

Regardless of opinions, one cannot thwart Bitcoin and Ethereums performance, compared to traditional assets. BTC has made gains of over 80% since January 2023, eclipsing the S&P 500s 7.7% growth so far in 2023. Although BTC has its fair share of problems, there is no denying its position as the best-performing asset, amid the financial challenges that the world is going through.

At press time, Bitcoin (BTC) was trading at $29,976.74, down 1.3% in 24 hours, while Ethereum was trading at $2,100.13, with no change in the 24-hour charts.

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Are Bitcoin And Ethereum Like "Gold," Or a "Poor Alternative"? - Watcher Guru

-Ethereum developer Tim Beiko shared his take on the aftermath of the Shapella Upgrade that went live last week.

-The developer revealed that after Shapella, Ethereums team is now focused on Ethereum Improvement Protocol (EIP) 4844.

Tim Beiko, head of the Ethereum protocol developer calls, recently appeared in an episode of Unchained Podcast hosted by popular crypto influencer Laura Shin.

During the interview, the Ethereum core developer discussed several aspects of the Shanghai Capella upgrade aka Shapella Fork which went live last week.

The unstaking of billions worth of Ether was arguably the largest concern among Ethereum stakeholders in the run-up to the Shapella Fork.

In addition to the selling pressure that experts had anticipated for ETH, community members had voiced concerns about the technical impact and the security-related issues that may arise from the networks transition to Proof-of-stake.

Speaking on these issues, Tim Beiko listed the methods that were used to limit security concerns.

These included activating specific withdrawal addresses for validators to receive their unstaked ether, running different kinds of simulations to ensure smooth withdrawals while maintaining the security of the network, and restricting the number of credential changes that can be processed per block, among several other measures.

When asked about his take on nearly $200 million worth of staked ether being withdrawn within 24 hours of the upgrade going live, Beiko revealed that the people working on the protocol had seen it coming.

The core developer believes that the enabling of withdrawals de-risked the staking process on Ethereum. He added that by taking out the commitment factor, the network will encourage more validators to join the ecosystem.

Speaking on the roadmap for Ethereum and the broader crypto industry, Beiko stated that validators may move from centralized exchanges to liquid staking projects (DeFi staking services) due to the better user experience.

As for the next big thing for the network, the developer revealed that he and other core developers were focused on EIP4844. The improvement protocol has been in the works for the past year with several testnets running at the moment.

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Ethereum core developer on the aftermath of Shapella upgrade - AMBCrypto News

As the tides settle down a little, Conflux (CFX), Collateral Network (COLT) and Ethereum (ETH) are all in the green and sitting comfortably.

But which one stands out from the three? According to experts, Collateral Network (COLT) is the crypto project people should look into, as they predict 3500% growth, even while the token is only at stage 2 of its public presale.

>>BUY COLT TOKENS NOW<<

As the first decentralized lending platform for real-world assets on the Ethereum (ETH) blockchain, Collateral Network (COLT) is set to revolutionize the crypto world and the lending industry. Collateral Network (COLT) uses 100% physical-asset-backed NFTs to facilitate peer-to-peer loans and provide lenders with fixed-interest payments weekly.

Borrowers send their physical assets to Collateral Network (COLT), like watches, fine wines, etc. The asset is kept in the Collateral Network (COLT) vault and minted into an NFT to represent the real-world asset which is subsequently fractionalized.

That way, Collateral Network (COLT) provides lenders with a way to partially fund a backed and secured loan for a small amount of money. Once the borrower repays the loan back to the lenders, they get their asset back from Collateral Network (COLT), and the NFT that was minted from the asset is burned.

The Collateral Network (COLT) lending process is 100% discreet, meaning that no one will know that youve taken out or financed a loan. Thus, no ones credit file will be affected by using Collateral Network (COLT). As well as this, the native COLT token grants holders various benefits ranging from staking, governance rights, discounts and more.

Collateral Network (COLT) is currently in its second stage of public presale, and even now, its showing potential, with investors predicting a 3500% growth.

After the recent increase in Conflux (CFX) prices, Conflux (CFX) is seeing a slight downturn. And now, Conflux (CFX) investors are struggling to find the cause of the downturn, leaving them uncertain about whats next for Conflux (CFX).

After a 0.14% decrease in the Conflux (CFX) price at the time of writing, Conflux (CFX) is trading at $0.3873 per token. The Conflux (CFX) market cap has decreased by 0.06%, and the Conflux (CFX) trading volume is down 11.95% in the last 24 hours.

>>BUY COLT TOKENS NOW<<

Ethereum (ETH) is still going pretty strong and staying in the green these days, and Ethereum (ETH) investors are satisfied. After the Ethereum (ETH) Shanghai update launched, Ethereum (ETH) saw a huge spike in activity from both fans and other crypto investors.

More specifically, the Ethereum (ETH) trading volume has increased by 62.34% in the last 24 hours, at the time of writing. The Ethereum (ETH) price has also increased by 6.14% in the previous 24 hours, while the Ethereum (ETH) market cap is up 6.61%. So, at the moment, Ethereum (ETH) is trading at $1,994.64 for one ETH token.

Learn out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/Presale: https://app.collateralnetwork.io/registerTelegram: https://t.me/collateralnwkTwitter: https://twitter.com/Collateralnwk

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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3 Crypto Coins For The Bull Market - Conflux (CFX), Ethereum (ETH), Collateral Network (COLT) | Bitcoinist.com - Bitcoinist