USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin's dominance is coming to an end. USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million.Messari’s real volume metric is calculated by compiling data only from exchanges that it believes have “significant and legitimate crypto trading volumes" and thus differs to the more-commonly seen "total volume" metric.

Ethereum testnet Beacon Chain launched and ready for trial merge

The Sepolia testnet is the next in line after Ropsten to undergo a merge trial run since its Beacon Chain is now live and ready to give developers valuable information leading up to the real thing. The Sepolia testnet Beacon Chain has gone live, setting the stage for its merge dress rehearsal to give Ethereum network developers valuable technical insights.Upon merging with its dedicated Beacon Chain, the Sepolia testnet will begin reaching consensus using proof of stake (PoS) rather than proof of work (PoW) which will provide data on what may happen when the Ethereum mainnet performs its merge.The Ethereum Sepolia Beacon Chain has been deployed!The Merge is coming https://t.co/IuJBnFp0Xx— Crypto-Gucci.eth ᵍᵐ (@CryptoGucci) June 20, 2022 The exact date of the Sepolia merge has not been determined.Testnet merges are essential for Ethereum developers and independent project developers using the Ethereum network to understand what they can expect when the actual merge takes place.

Ethereum price falls below $1.1K and data suggests the bottom is still a ways away

ETH price has stalled around the $1,100 level, but several data points suggest the altcoin’s sell-off is far from complete.

Ethereum difficulty bomb delayed but network adoption still growing

The difficulty bomb is designed to make mining profitability plummet in order to disincentivize miners ahead of the long-awaited Merge. Ethereum network developers have decided to delay the difficulty bomb, a major step leading up to the highly anticipated Merge upgrade for the layer-1 blockchain.They set the delay to two months in order to “be sure that we sanity check all the numbers before selecting an exact delay and deployment time” according to core developer Tim Beiko in a June 11 tweet.In short, we agreed to the bomb delay.

Struggle for Web3’s soul: The future of blockchain-based identity

What’s behind Buterin’s embrace of “soulbound tokens”? Ensuring Ethereum’s dominance? A backlash against NFTs? Creating a better world? The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network.

Arthur Hayes Says Ethereum (ETH) Could Reach $10K Level By The End Of Year

Arthur Hayes, the youngest crypto billionaire of American Africa and the former CEO and co-founder of the derivatives platform BitMEX, predicted Ethereum could hit $10,000 by the end of 2022.

Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer

Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4.

Little-Known Altcoin Surges 143% As Coinbase Announces Surprise Listing

A new altcoin attempting to reward participants for contributions to the Ethereum network is posting gains after a listing from the largest US-based crypto exchange.

Ropsten Ethereum testnet ready for Merge ‘first dress rehearsal’

The Merge on Ethereum is closer than ever as the Ropsten testnet is set to execute its own Merge to give developers a look at what to expect for the real thing. The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt the Proof-of-Stake (PoS) consensus mechanism.Core Ethereum developer Tim Beiko announced on May 31 that a new Beacon Chain for Ropsten has been launched.

Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET).