Ethereum Breaks $3,000 For First Time Ever – May 3

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$58,630

Bitcoin price has trended back up over the $58,000 mark today, following a strong rally over the weekend.

Top-20 altcoins have performed well over the last 24 hours, as Ethereum rises 8%, Binance Coin 3% and XRP remains unchanged.

Top Stories for May 3, 2021 🔥

👉 Ethereum Breaks $3,000 For First Time Ever

Ethereum (ETH) has broken the $3,000 mark for the first time ever, overtaking the Bank of America in total market cap.

The world’s second-largest cryptocurrency has grown by 24% in just one week, reaching a market cap of over $346 billion.

Sell-side pressure on Ethereum is expected to decrease in the near future, with a fee structure overhaul in the form of EIP-1559, as well as a much-anticipated proof-of-stake upgrade.

👉 Coinbase To Acquire Crypto Analytics Platform Skew

American cryptocurrency exchange Coinbase has announced that it will be acquiring Skew, a well-known data and analytics platform.

Coinbase will plug Skew’s data into Coinbase Prime, the exchange’s institutional prime brokerage platform. This includes trading volume, charts and volatility information.

👉 BSC DeFi Platform Spartan Protocol Hacked For $30M

Spartan protocol, a decentralized finance (DeFi) project on Binance Smart Chain, has been exploited for over $30 million in losses.

The hacker used $61 million worth of Binance Coin (BNB) to inflate the balance of the protocol’s asset pool, in order to maliciously over-claim underlying assets.