Ethereum

<ul><li>Ultrasound.Money data shows that the ETH gas fee has soared to 222 Gwei.</li><li>The increase happened as Binance began its proof-of-reserve checks for Ethereum.</li><li>A global audit firm confirmed Binance has more BTC to protect customer deposits.</li></ul>Data from Ultrasound.Money, an analytic firm tracking the <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum (ETH) blockchain</a> activities, shows that the ETH gas fee has soared to 222 Gwei in the last 24 hours. Collin Wu media believe the unprecedented increase happened as the largest crypto exchange, Binance, began its proof-of-reserve checks for Ethereum tokens.It added that Binance consolidated ETH tokens from multiple addresses to its hot wallet labelled Binance14 for its next POR verification stage, pushing the network’s gas fee high.<a href="https://coinedition.com/eth-gas-fee-soars-to-222-gwei-as-binance-consolidates-eth-wallets/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

ETH Gas Fee Soars to 222 Gwei as Binance Consolidates ETH Wallets

Coin Edition

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