Ethereum development company Nethermind has announced it has “transpiled and compiled” decentralized exchange (DEX) Uniswap v3 on “Warp” — a project designed to allow Ethereum users to swap tokens on the more scalable Ethereum layer-2 network StarkNet. The milestone was announced by team lead Jorik Schellekens in an Oct. 9 Medium post. Nethermind describes Warp as a “Solidity to Cairo Transpiler” which enables Ethereum-based projects written in Solidity to transition its codebase onto StarkNet, allowing them to capitalize on cheaper fees. Transpiling is the process of taking source code written in one programming language and transforming it into another language …

Ethereum’s long-awaited transition to a proof-of-stake (PoS) consensus mechanism kicked off on Sept. 15, thus finally putting its long-standing transaction woes in the rearview mirror. To this point, the network is now capable of processing anywhere between 20,000–100,000 transactions per second (tps) as opposed to its previous rate of just 30 tps. Furthermore, the Merge also saw the Ethereum network become up to 99.9% more energy efficient as compared to its previous iteration, thus allaying fears of its excessive energy consumption, a criticism that still lingers quite heavily in relation to Bitcoin (BTC). Amid these developments, however, a question that …

The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared to the forecast of 3.7%. Some analysts believe the report shows that the jobs market remains strong in spite of the Federal Reserve’s efforts to slow down the economy and that could encourage the Fed to go ahead with another aggressive rate hike in its next meeting in November. This led to a sharp fall in the U.S. equities markets on Oct. 7. Although Bitcoin (BTC) has traded in close correlation with the U.S. …

MetaMask is arguably one of the most well-known self-custodial Ethereum software wallets in the cryptocurrency ecosystem, with its signature Orange Fox avatar plug-in acting as a portal to the world of Ether (ETH)-based tokens, decentralized applications (DApps) and decentralized finance (DeFi). The retail browser plug-in wallet surpassed 30 million users worldwide in 2022 and has slowly turned its attention to serving a growing number of institutional users that have looked to gain exposure and manage assets in the growing DeFi space. Cointelegraph caught up with Elizabeth Mathew, head of growth and partnerships at MetaMask Institutional (MMI), at the firm’s stand …

Followers of the Ethereum Classic Twitter account may have found themselves the unintended fans of an entirely new crypto project after Cardano founder Charles Hoskinson turned the account into the new community page for the Ergo community. The Ethereum Classic account had built up over 600,000 followers since its inception in July 2016, and up until Sept. 15, has been used to post about Ethereum Classic. However, as of Oct. 6, the Twitter page now reflects the Ergo Platform, a proof-of-work (PoW) blockchain capable of facilitating smart contracts, similar to Ethereum, with links to Cardano. In a lengthy thread pinned …

One of the biggest Merge staking providers, Lido Finance has launched on two layer-2 networks Arbitrum and Optimism, a move it says further improves accessibility to Ethereum staking while reducing gas fees. The plan to expand to L2 was first unveiled in July when the team acknowledged that several layer-2 networks had “demonstrated economic activity,” with the new deployment to L2 networks Arbitrum and Optimism launched on Oct. 7. Lido provides liquid staking, which allows more flexibility for stakers as they can withdraw their funds at any time as opposed to staking Ethereum directly and having it locked up. Industry …

MakerDAO, the governing body of the Maker Protocol, has taken the first step of its plan to reallocate $500 million of its stablecoin Dai (DAI) collateral reserves into short-term United States Treasuries and corporate bonds. The decentralized autonomous organization (DAO) voted on Oct. 6 to approve a pilot transaction of $1 million following an executive vote from Maker (MKR) token holders, with the rest of the funds soon to be reallocated following confirmation from the community. A majority, 80% of the $500 million, will be invested in short-term U.S. Treasuries, with $160 million allocated to the 0-1y US Treasury iShares …

Traders’ sentiment about Ether (ETH) has noticeably improved as the price rallied 7.5% from Oct. 2 to Oct. 6, but the price recapturing the $1,350 level was not compelling enough to trigger any bullish activity from derivatives traders. Ether price is still 32% below the $2,000 level last seen on Aug. 14 and the network’s average transaction fee stood near $2 after the Merge. The most significant upgrade on the Ethereum chain happened on Sept. 15, switching from energy-intensive mining technology to a set of validators required to deposit 32 ETH in staking. Although necessary to implement future sharding or …

In this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to crypto markets. He publishes a popular newsletter and provides courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. He has more than 328,000 followers across his various social media platforms, many of whom are prominent individuals, including big names like Binance CEO Changpeng Zhao. First things first, we have officially entered Q4 2022 and, more importantly, October, which has historically been a bullish month for cryptocurrencies. We ask Rekt …

A third quarter industry report from DappRadar citing on-chain metrics suggests cryptocurrency markets are showing signs of recovery from ongoing bearing market conditions. A number of factors played their part in a busy third quarter of 2022, with Ethereum’s Merge marking a successful shift to proof-of-stake having a notable influence on layer two activity before the event. The report also highlights a slight recovery in the overall cryptocurrency market capitalization which still sits below the $1 trillion mark. Quarter three data reflected an 8.5% increase in the total crypto market cap from July to the end of September 2022. The …

Are regulators with the U.S. Securities and Exchange Commission gearing up to take down Ethereum? Given the saber-rattling by officials — including SEC Chairman Gary Gensler — it certainly seems possible. The agency went on a crypto-regulatory spree in September. First, at its annual The SEC Speaks conference, officials promised to continue bringing enforcement actions and urged market participants to come in and register their products and services. Gensler even suggested crypto intermediaries should break up into separate legal entities and register each of their functions — exchange, broker-dealer, custodial functions, etc. — to mitigate conflicts of interest and enhance …

On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market. To kick things off, we break down the latest news in the markets this week: BTC price still not at ‘max pain’ Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system. Europe still seems to be at the …