Crypto Briefing’s CB10 Index Sees Large Rebalance to ETH, DOGE

Key Takeaways Crypto Briefing’s CB10 index has doubled in value since it was created in January. Ethereum was the top gainer in the index, enjoying 63% monthly returns this month. Dogecoin and Solana entered the index replacing Filecoin and Stellar. Share this article Crypto Briefing’s CB10 index of the top ten cryptocurrencies weighted by market capitalization has continued to outpace Bitcoin in this bull run.  The index’s monthly reconstitution was performed at 10 am on May 3, 2021.  CB10 April Performance  CB10’s return for April stood at 11% at the…

Almost twice as much ETH locked in DeFi as on exchanges: Glassnode

Ether is being locked up in decentralized finance contracts at an accelerating rate this year, while the amount held on centralized exchanges continues to fall. On May 7, on-chain analytics provider, Glassnode, shared a chart comparing the number of Ether deposited in Ethereum-based smart contracts to the number of ETH held on centralized exchanges over the past 17 months. Since the start of 2020, the share of supply represented by Ether on centralized exchanges has dropped more than a quarter, from roughly 17% to 12%. Over the same period the…

Auction giant Sotheby’s to accept BTC and ETH as payment via Coinbase

Sotheby’s, one of the world’s oldest and biggest auction houses, has announced that it will be accepting major cryptocurrencies as a new payment method at an upcoming auction. Sotheby’s CEO Charles Stewart said that the company will debut Bitcoin (BTC) and Ether (ETH) payments as part of its upcoming auction of Banksy’s “Love is in the Air.“ The new payment method will be facilitated in partnership with United States’ largest cryptocurrency exchange, Coinbase, noted Stewart in a Tuesday interview with CNBC’s Squawk Box. “It’s something we have been thinking about for…

Ethereum bulls control 100% of this week’s $470M ETH options expiry

On May 7, a total of $470 million in Ethereum options are set to expire, and slaughter is really the only word that describes what is about to happen to bearish Ether traders. Currently, almost every single one of the 75,909 put (sell) option contracts will become worthless if Ether manages to remain above $3,100 until Friday 8:00 AM UTC. Ether’s growth has been fueled by decentralized finance (DeFi) growth, which has recently surpassed $60 billion in net value locked, according to Debank. Yat Siu, the chairman and co-founder of…

Several factors power ETH all-time high push

After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as developers continue to work toward the network’s integration with Eth2, which will see the blockchain part ways with its original proof-of-work consensus algorithm in favor of the touted energy and cost-efficient proof-of-stake consensus. While the technical details may not concern many day-to-day Ether (ETH) users and traders, the recent price action of…

Ethereum Seems Unstoppable, Here’s How ETH Could Extend Rally

Ethereum remained in a positive zone and it traded to a new all-time high above $2,750 against the US Dollar. ETH price is correcting gains, but dips are likely to be limited below $2,650. Ethereum extended its rise above the $2,700 and $2,740 resistance levels. The price is now trading well above $2,650 and the 100 hourly simple moving average. There is a major rising channel forming with support near $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to start a fresh increase…