Intersect, a member organization of the Cardano ecosystem, announced plans to migrate the Cardano core codebase to its management department. The team stated: "Intersect will support those who maintain the Intersect member Repos." On December 16th, management of all 26 Cardano code repositories will be transferred to Intersect and its members, further supporting and enhancing its distributed development, and enabling the community to drive the future direction of blockchain. This migration constitutes an important part of the "Voltaire" era that Cardano is currently undergoing.
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According to reports, British legislators are urging caution in the implementation of retail digital pounds, emphasizing the importance of finding a balance between technological progress and potential flaws. Members of the Treasury Select Committee have reservations about the possible introduction of retail digital pounds, calling for careful scrutiny before implementation. Despite recognizing the potential benefits of innovation, the committee urges the Bank of England and the Treasury to thoroughly evaluate the necessity of this step, while considering the associated costs and risks. During this period, the committee's report suggests imposing lower initial restrictions on the value of retail digital pounds to mitigate potential bank runs during market instability. This specific preventive measure aims to prevent a large amount of deposits from being transferred to digital wallets, which could increase the risk of bank failures and raise the cost of loans. (Cointelegraph)
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In a significant development for the cryptocurrency market, Ethereum (ETH) has triumphantly surpassed the $2,000 mark, triggering a surge in market volatility. The breakthrough has not only captured the attention of traders and investors but has also sparked intense fluctuations, evident in the larger candlestick sizes and heightened trading volume.As Ethereum, the second-largest cryptocurrency by market capitalization, achieved this milestone, the market witnessed a palpable tug-of-war for control between buyers and sellers. The increased volatility, reflected in the amplified candlestick sizes on trading charts, indicates a fierce battle for dominance in the wake of Ethereum's upward momentum.The climb past $2,000 is a noteworthy achievement for Ethereum, which has been on an upward trajectory in recent months. The cryptocurrency's rally is fueled by a combination of factors, including increased institutional interest, growing adoption of decentralized finance (DeFi) applications, and anticipation surrounding Ethereum's upcoming network upgrades, particularly Ethereum 2.0.Market observers note that the surge in trading volume accompanying the price movement indicates a heightened level of participation and engagement from market participants. This influx of activity suggests that both bulls and bears are actively positioning themselves, contributing to the intensified battle for control over Ethereum's price direction.Ethereum's ascent comes at a time when the broader cryptocurrency market is experiencing renewed interest and positive sentiment. Bitcoin, the leading cryptocurrency, has also demonstrated resilience with its own price movements, further reinforcing the positive mood within the crypto space.While the surge past $2,000 is undoubtedly a cause for celebration among Ethereum enthusiasts, it also raises questions about the sustainability of the current momentum. Traders and analysts will be closely monitoring key support and resistance levels to gauge the strength of Ethereum's upward trend and to assess whether the cryptocurrency can maintain its newfound position.The increased volatility, though presenting opportunities for traders, also highlights the inherent risks associated with cryptocurrency investments. As the market responds to various catalysts, including macroeconomic factors and technological developments, Ethereum's journey beyond $2,000 serves as a microcosm of the dynamic nature of the cryptocurrency landscape.In conclusion, Ethereum's successful breach of the $2,000 mark has injected a fresh wave of excitement and activity into the cryptocurrency market. The heightened volatility, illustrated by larger candlestick sizes and increased trading volume, signifies a battleground where market forces vie for control. As Ethereum continues its ascent, the crypto community eagerly awaits further developments that will shape the trajectory of this leading blockchain platform.$ETH ~ #EthereumHigh #Blast

As the price of ETH rebounds, official data from Lido shows that its platform's total staking value has exceeded $20 billion, reaching $20,218,886,533 at the time of writing. The total staking value of Ethereum accounts for the largest proportion, currently exceeding $20 billion, reaching $20,046,713,374, followed by Polygon, with a staking value of $114,107,033. In addition, Lido platform has paid rewards worth $1,027,061,927, with 324,517 stakers. Historical data shows that the total staking value of Lido platform tokens exceeded $10 billion in mid-March this year, meaning that this indicator has doubled in less than nine months.
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In a significant development for the cryptocurrency market, Ethereum (ETH) has navigated a crucial resistance zone, leading analysts to predict a potential surge to new yearly highs. With substantial support beneath it and minimal resistance ahead, the stage is set for Ethereum to make a compelling move, according to market observers.Renowned analyst and founder of Quantum Economics, Mati Greenspan, highlighted Ethereum's recent achievement in overcoming a key resistance zone, ranging between $1,982 and $2,044. This breakthrough is seen as a pivotal moment for ETH, as it clears a path for the digital asset to explore higher price levels.One of the critical factors contributing to Ethereum's positive outlook is the robust support it currently enjoys. With a solid foundation beneath its current price, Ethereum has established a foothold that could serve as a springboard for further upward momentum. The market's ability to maintain this support is viewed as a key determinant for the potential success of ETH in reaching new yearly highs.Analyst Martinez, optimistic about Ethereum's prospects, anticipates that if ETH manages to hold its ground in the current area, it could pave the way for a substantial upward move. The absence of significant resistance ahead of Ethereum's current position adds to the positive sentiment surrounding the cryptocurrency.The broader cryptocurrency market has witnessed increased attention and activity, with Ethereum standing out as a focal point for investors and traders. The platform's role in decentralized finance (DeFi) and the growing popularity of non-fungible tokens (NFTs) contribute to its significance within the digital asset space.As Ethereum looks to build on its recent breakthrough, market participants are closely monitoring its price movements for potential signals of a sustained upward trend. The anticipation of new yearly highs adds excitement to the Ethereum community and underscores the dynamic nature of the cryptocurrency market.While positive sentiment surrounds Ethereum's current position, it's essential for investors to approach market developments with a discerning eye. Cryptocurrency markets are known for their volatility, and external factors such as regulatory developments and macroeconomic trends can influence price dynamics.In conclusion, Ethereum's successful navigation through a key resistance zone has ignited optimism among market analysts, with expectations of potential new yearly highs. The support structure beneath Ethereum's current position and the absence of significant obstacles ahead contribute to the positive outlook for the second-largest cryptocurrency. As the market continues to evolve, Ethereum's performance will be closely watched for insights into the broader trajectory of the digital asset landscape.#EthereumHigh $ETH

Ethereum ($ETH ), the second-largest cryptocurrency by market capitalization, has recently shown a small uptick, reflecting a near 1% gain and trading around the $2,031 mark. Despite this modest rise, ETH has not made significant moves beyond the $2,022 support level and reversed in the end, indicating a potential false breakout. Technical analysis suggests that while there is a possibility for a bounce to the $2,050 zone, ETH might continue to experience sideways trading within the $2,000-$2,100 range for the current week.The reasons behind Ethereum's lack of a breakout at the current level are multifaceted. One possible explanation could be ongoing consolidation after the surge that typically follows a significant upgrade or development within the network. Ethereum's transition to Ethereum 2.0 and its shift to proof-of-stake (PoS) consensus might have been priced in, leading to a plateau in price movement as the market adjusts to these fundamental changes.#ETH #etf #IluPredictor #EthereumHigh #Dump_Pump