Ethereum News: Ethereum Surges Above $2,000; Optimism High for Future Gains

A Record 6 Million ETH Bought Between $1,800 and $2,000: Will Ethereum DeFi Recover?

Ethereum price has surged as the $1,800-$2,000 range signals a strong support level. The crypto is on the cusp of reversing losses and breaking above a two-week range. According to Coingecko, Ethereum, the second most valuable coin, is up by over 8% and trending above $2,000. Optimism is high that the coin could register even more gains if the uptrend continues.

Vlad Martynov’s Blockchain Odyssey: From Ethereum Foundation to BR Capital

In an exclusive interview, crypto.news sits down with Vladislav Martynov, a high-tech entrepreneur who co-founded his first startup in the late ’90s with Dmitry and Maia Buterin, parents of Ethereum co-founder Vitalik Buterin. After exiting that venture, Martynov pioneered one of the first SaaS-based CRM and membership management solutions. His journey has led him to his current role as a managing partner at BR Capital, where he offers insights into the evolving world of blockchain and its future.

Chronicle Raises $12M in Seed Funding Led by Strobe

Chronicle, the first oracle on Ethereum, has raised $12 million in seed funding led by Strobe (formerly Blocktower Venture Capital) with participation from Brevan Howard, 6th Man Ventures, and others. The oracle, headed by Niklas Kunkel and other members of the founding team at MakerDAO (now Sky), allows blockchains to send and receive data outside of their respective sandboxes, akin to how apps on a phone lose utility when put on airplane mode. This funding round marks a significant milestone for Chronicle as it continues to develop its oracle technology.

USD1 Stablecoin Details Emerge: Backed by US Treasuries, Custodied by BitGo

Yesterday, former Binance CEO Changpeng Zhao praised the new USD1 stablecoin, welcoming it to the BNB Chain. Shortly after, World Liberty Financial (WLFI) clarified that USD1 is not currently tradable and seemingly took ownership. This morning, it was revealed that USD1 will be minted on Ethereum and Binance Smart Chain blockchains, with the possibility of future protocols. WLFI’s USD1 will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents, and BitGo will custody the reserves.