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MEVbots backdoor drains users’ Ethereum funds.
MEV gain, an Ethereum arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor.
With a fraction of the wealth.
This month private equity giant KKRKKR & Co opened up part of its $4 billion Health Care Strategic Growth Fund II to be tokenized on the Avalanche blockchain, granting access to the asset class to investors with a fraction of the wealth normally required.
Post-Merge ETH has become obsolete.
For years, various blockchain projects were rumored to be future “Ethereum killers,” projects that would unseat Ether from its throne and usurp its title as the top digital asset. That day seems to have come. Lido-staked Ethereum (stETH) and other liquid staking derivatives are primed to render Ether, as an asset, obsolete.
BTC/USD corrected downwards by 0.1% in the last session.
The Bitcoin-Dollar pair fell 0.1% in the last session after gaining as much as 1.2% during the session. The RSI is giving a negative signal. Support is at 18531.6641 and resistance is at 19515.6721.
The RSI is currently in the negative zone.
ETH/USD plummeted 1.9% in the last session.
The Ethereum-Dollar pair plummeted 1.9% in the last session. The ROC’s negative signal is in line with the overall technical analysis. Support is at 1283.81 and resistance is at 1365.521.
The ROC is giving a negative signal.
XRP/USD exploded 1.9% in the last session.
The Ripple-Dollar pair skyrocketed 1.9% in the last session. According to the RSI, we are in an overbought market. Support is at 0.4458 and resistance is at 0.5401.
The RSI points to an overbought market.
LTC/USD traded sideways in the last session.
The Litecoin-Dollar price remained largely unchanged in the last session. The ROC is giving a positive signal. Support is at 51.5567 and resistance is at 56.7367.
The ROC is currently in the positive zone.
Daily Economic Calendar:
US Chicago Fed National Activity Index
The Chicago Fed National Activity Index, released by the Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. The US Chicago Fed National Activity Index will be released at 12:30 GMT, the US Dallas Fed Manufacturing Business Index at 14:30 GMT, and Germany’s IFO – Business Climate at 08:00 GMT.
US Dallas Fed Manufacturing Business Index
The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state’s factory activity.
DE IFO – Business Climate
The IFO Business Climate index is regarded as an early indicator of current conditions and business expectations. The Institute surveys enterprises on their assessment of the economic situation.
DE IFO – Current Assessment
The IFO Current Assessment is regarded as an indicator of current conditions and business expectations in Germany. The Institute surveys enterprises to assess the current business situation and their short-term planning. Germany’s IFO – Current Assessment will be released at 08:00 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, and Japan’s Jibun Bank Services PMI at 00:30 GMT.
JP Jibun Bank Manufacturing PMI
The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector.
JP Jibun Bank Services PMI
The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2022/09/is-ethereum-now-obsolete-crypto-daily-tv-26092022