NFT transactions on Ethereum have declined significantly, from 22% NFT dominance to 8.3% according to crypto analytics firm Glassnode. On the other hand, stablecoin transactions grew and took up the space originally conquered by NFTs. This declining interest from traders could affect the overall NFT market negatively.

Ethereum co-founder Vitalik Buterin has shared some sage advice for traders feeling the blues of the crypto bear market: Focus on the tech rather than the price.

According to Data Analytics’ tweet on 2 December, the amount of <a href="https://ambcrypto.com/?s=wrapped+bitcoin">Bitcoin Avalanche Bridged [BTC.b]</a> on <a href="https://ambcrypto.com/?s=avalanche">Avalanche [AVAX]</a> surpassed that of the <a href="https://ambcrypto.com/?s=Ethereum+network">Ethereum network</a>. This development suggested that users may have spotted new opportunities on the Avalanche network and have showcased their faith in the protocol.

A senior executive at the $1.5 trillion asset management giant Franklin Templeton says that Ethereum (ETH) staking yield is presenting big opportunities for institutions looking at the crypto markets.

Stani.lens (<a href="https://twitter.com/AaveAave/status/1599063719694123014">@StaniKulechov</a>) Founder of <a href="https://twitter.com/LensProtocol">@LensProtocol</a> and <a href="https://twitter.com/AaveAave">@AaveAave</a>&nbsp;on Twitter: "Now that the <a href="https://twitter.com/AaveAave">@AaveAave</a> Community is preparing for Aave Protocol V3 deployment for Ethereum market its good time to review why V3 as a flexible architecture is much appreciated ."

The upgraded blockchain platform will be more scalable, secure, and decentralized. How will it work? Is it really necessary? Let’s figure it out together!

Ethereum (ETH) locked in the Ethereum 2 (ETH 2.0) smart contract has reached a new all-time high. Amid Ethereum’s price continues to rise in the last few days, currently, the global crypto market cap is $855.36B,&nbsp;a&nbsp;0.14% increase over the last day.

Only <a target="_blank" href="https://cryptonews.com/coins/bitcoin/">bitcoin (BTC)</a> should be considered a commodity for regulatory purposes, and not <a target="_blank" href="https://cryptonews.com/coins/ethereum/">ethereum (ETH)</a>, Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), said in a recent speech.

CryptoSlate’s analysis of gas consumption on the Ethereum (<a href="https://cryptoslate.com/coins/ethereum/">ETH</a>) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero.

Ethereum price is showing more strength as it sets the stage for a bullish momentum in the upcoming days. Despite Federal Reserve Chair <a href="https://coingape.com/powell-speech-at-brookings-economic-outlook-inflation-crypto/" target="_blank">Jerome Powell pointing to slower rate hikes</a> starting from December, <a href="https://coingape.com/over-10k-bitcoin-btc-moved-to-crypto-exchange-are-miners-selling/" target="_blank">Bitcoin price remains under pressure</a> as compared to Ethereum due to miners capitulation. Several factors now indicate that Ethereum (ETH) price could rally to $1,350 and possibly to $1,550.