1. Home
  2. Trading Pairs

Trading Pairs

ETH hits 7-month high ahead of Shanghai and Capella upgrades

Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,911.

Ether (ETH) has breached $1,900 for the first time in over seven months, a week before staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization.

CoinMarketCap data shows the last time Ether was over $1,900 was on Aug. 16, 2022, amid a broader crypto sell-off at a time when the United States Federal Reserve was hiking the Federal Funds rate at a record pace to combat inflation.

The Ethereum Shanghai hard fork, set to occur on April 12, will implement EIP-4895 — allowing validators and stakers to withdraw staked ETH from the beacon chain — in addition to other EIPs which aim to help increase transaction speeds while reducing transaction costs.

The recent price increase could be driven by expectations that the Fed may ease up on its quantitative tightening efforts as rate increases cause cracks in the global banking industry, or by increased demand for Ether given that staking is slated to be more flexible.

While Bitcoin (BTC) has also recorded gains in recent days, ETH/BTC — a trading pair comparing the price of ETH to BTC — has increased by nearly 3% in the last week according to TradingView, suggesting both factors may be contributing to Ether’s price jump.

While Shanghai refers to the fork on the execution layer client side, Capella is the upgrade name on the consensus layer client side and is set to be executed shortly after Shanghai on April 12.

The execution layer is where all the smart contracts and protocol rules are, while the consensus layer ensures that all network validators follow these rules.

Related: 3 reasons why Ethereum price can reach $3K in Q2

It is worth noting that the price of ETH dropped sharply following the execution of The Merge on Sept. 15, 2022, where it lost just under a quarter of its value in one week according to CoinMarketCap.

ETH price action since August 2022. Source: CoinMarketCap

Despite some analysts and traders suggesting the unlocking of staked Ether will create sell pressure, what will occur following the Shanghai and Capella updates is currently speculation.

Hodler’s Digest: FTX EU opens withdrawal, Elon Musk calls for AI halt, and Binance news

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains

Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum BlockchainsOn Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce fees by implementing four levels of trading fees. New Features and Improved Capital Efficiency Offered in […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps K on SundayBitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

‘No basis’ for Binance’s partial delisting of HNT — Helium COO

Multiple trading pairs of the Helium Foundation’s token will soon be removed from Binance, with the exchange saying it delists assets if it no longer meets “high standards.”

The chief operating officer for the Helium Foundation, Scott Sigel has claimed there is “no basis” for cryptocurrency exchange Binance to delist several trading pairs of its cryptocurrency — Helium Network Token (HNT).

Sigel’s comments come after an Oct. 6 notice by Binance saying the exchange is removing cross, isolated margin and spot trading pairs for HNT and Binance USD (BUSD), Tether (USDT) and Bitcoin (BTC).

Binance “strongly advised” users to close any positions in its listed pairs as user positions will be forcibly closed, and any pending orders canceled on Oct. 12 with only spot trading for the HNT/BUSD pair remaining.

Jessica Jung, a Binance spokesperson, said in a statement to Forbes that the exchange periodically reviews its listed cryptocurrencies to ensure they continue “to meet a high level of standard.”

If an asset doesn’t meet the standard or “there are changes in the industry” it will delist it “in order to protect our users,” she explained.

Sigel in response stated “there is no basis for Binance to delist several HNT pairs. There has been no change to the integrity of HNT and it continues to meet all of the standards the exchange sets.”

“There are dozens of other exchanges that continue to support HNT. We hope Binance reverses course and re-lists the other HNT trading pairs soon,” he added.

Helium was founded in 2013 as an Internet of Things (IoT) focused blockchain and is building a decentralized peer-to-peer wireless telecommunications network, on Sept. 22 it said it would migrate its blockchain to Solana (SOL) which it said was for more ecosystem support among other reasons.

Related: Security and interoperability, the challenges ahead of Web3 mass adoption

Questions as to why Binance is partially delisting HNT has sent traders speculating, with some claiming it was in response to Binance’s mix-up of Helium ecosystem tokens in September where an accounting bug saw the exchange allegedly lose around $19 million worth of crypto.

It’s reported that Binance confused HNT with a much lower-priced token used by Helium to pay hosts of its 5G hotspot network called MOBILE and paid out around 4.8 million HNT causing a massive sell-off of the token, temporarily dropping its price.

Criticism has also been leveled at Helium for its revenue numbers despite significant funding rounds. In July, data suggesting the project makes only $6,500 per month from its data usage revenue was revealed, despite the company raising hundreds of millions from the likes of Andreessen Horowitz (a16z), FTX Ventures and Tiger Global.

In August, Helium was caught listing partners on its website, namely e-bike business Lime and software company SalesForce, which both denied either working with the firm or having an active partnership. Helium removed the mentions to both organizations on its website soon after.

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins

Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to StablecoinsThe Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed and today, 28.96% of all […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix

Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a FixAccording to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets by market valuation and today, […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 DaysThe cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency’s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana’s crypto market capitalization has managed to surpass XRP’s overall valuation, taking the sixth position in the top ten this week. […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Binance Discontinues Support for Norwegian Krone Pairs, Payments and Language

Binance Discontinues Support for Norwegian Krone Pairs, Payments and LanguageCryptocurrency exchange Binance is discontinuing certain offerings in Norway. The news comes amid regulatory pressure around the world which the global trading platform is working to address. The company is also dropping Norwegian from its website’s language options. Crypto Exchange Binance Suspends Product and Service Offerings in Norway Binance, the world’s leading digital asset exchange […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Binance Discontinues Crypto Products and Services in South Korea

Binance Discontinues Crypto Products and Services in South KoreaOn August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike

South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes SpikeDuring the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone, in South Korea, the premium on bitcoin climbed 4.56% higher than […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin