Cryptocurrency News
Ethereum and its Layer-2 solutions have faced sluggishness recently, yet data indicates strong fundamentals for both. Notably, Arbitrum stands out as a leading player in the Layer-2 narrative. 1. Total Value Locked (TVL) TVL is a crucial metric that reflects a network’s popularity and investor trust. It also helps gauge […]
A massive Ethereum whale, known as “0xe3e,” has been offloading significant amounts of ETH over the past few days. In just three days, the whale sold 10,595 ETH for $24.7 million USDT. Regardless of market direction, this whale continues to sell 87.56 ETH for USDT every few minutes. Their current […]
The ETH/BTC trading pair has plunged to its lowest level since 2021, falling below 0.04. This decline reflects a broader trend of increasing Bitcoin dominance, raising questions about whether Ethereum has reached its bottom at $2,275 or if it might continue to weaken against Bitcoin. đ The ETH/BTC pair hits […]
Last weekend saw Ethereum through another downturn after failing to sustain momentum above $2.5k. However, it has posted a substantial loss so far but currently trades calmly as it foots a strong bearish move. Compared to the late July-August crash that rolled the price back to its yearly low, Ethereum […]
Crypto trader James Fickel (@jamesfickel) recently experienced a significant loss, totaling nearly 18,000 $ETH (roughly $43.7 million), due to an ill-fated long position on the BTC/ETH trading pair. From January 10 to July 1, Fickel borrowed 3,061 $WBTC (worth $172 million) from Aave, exchanging it for 56,445 $ETH at a […]
Despite Bitcoin dipping slightly to $57.3K and Ethereum dropping to $2.3K over the past week, altcoins are seeing a resurgence. The fear, uncertainty, and doubt (FUD) surrounding major crypto assets have eased, allowing several altcoins to rebound with minimal resistance. đ Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip […]
Since mid-August, transactions involving cryptocurrency whales have significantly declined. Bitcoin transactions of $100,000 or more have dropped by 33.6% from their peak levels in March and April. Ethereum transactions in the same value range have plummeted even further, with a 72.5% decrease from their peak. đł Cryptocurrency's whale transactions have […]
According to Benjamin Cowen, CEO and Founder of ITC Crypto, Ethereum could be heading towards a significant price correction by the end of 2024. Cowen notes that the wedge pattern Ethereum has formed this cycle features higher lows, nearly 10x those of the wedge formed in 2019. However, the similarities […]
The bulls have continued to suffer a loss on a monthly scale as the market recently resumed a sell-off. This puts Ethereum in a more bearish state as it declined by 45% in four months. It is redistributing for a huge drop. ETH saw a slight rejection after almost reclaiming […]
Ethereum has reached a four-month peak in network growth, with 126,210 new wallets created on a traditionally quiet Sunday. This surge suggests rising network utility and hints at potential price rebounds from the $2,200-$2,300 range. đ Ethereum has just hit a 4-month high in network growth, on a day (Sunday) […]
Justin Drake from the Ethereum Foundation recently shared in an AMA that the foundationâs financial report is forthcoming. Currently, the foundation’s annual expenditure is around $100 million. With approximately $650 million held in ETH reserves and enough fiat reserves to sustain operations for about a decade, the foundation is well-positioned. […]
The noticeable drop in whale activity across major cryptocurrencies has been evident in recent months. For Bitcoin and Ethereum, peak weeks for transactions over $100,000 reveal a significant reduction in whale engagement. For Bitcoin, whale transactions peaked at 115,100 during the week of March 13-19, 2024. By the week of […]
Unlike Litecoin, which has recently decoupled from Bitcoin, Ethereum continues to follow the leading currency pattern with another major drop in a week. Things might get worse as it builds up for a huge fall. The past ten days have been a horrible period for Ethereum as it fell off […]
According to Lookonchain, Ethereum co-founder Vitalik Buterin made a notable transaction today, transferring 800 ETH, valued at approximately $2.01 million, to a multi-signature wallet. He then exchanged 190 ETH for 477,000 USDC. Buterin has previously stated that he hasnât sold ETH for personal gain since 2018, opting instead to donate […]
Wintermute, a leading market maker, has continued its significant withdrawals of unstaked ETH from Lido. Yesterday, the Wintermute address 0x13D…91F9F received a total of 11,007 ETH from Lido, valued at approximately $27.27 million. Shortly after, 5,501 ETHâworth around $13.8 millionâwas transferred to Coinbase, indicating a possible sale. Wintermute ç Lido […]
BlackRock has officially announced the launch of a spot Ethereum ETF in Brazil, which will be traded on the B3 stock exchange under the ticker ETHA39. This development underscores the growing global interest in cryptocurrencies, signaling that digital assets are becoming an increasingly important part of the financial landscape. The […]
The cryptocurrency market witnessed a brutal sell-off, with Bitcoin ($BTC) and Ethereum ($ETH) prices dropping by 7% and 10%, respectively. The carnage resulted in 87,405 traders being liquidated for a staggering $318.46 million in the past 24 hours. The price of $BTC dropped by ~7% and $ETH dropped by ~10%! […]
Digital asset investment products experienced a significant surge in inflows last week, totaling $533 million, the largest in five weeks, according to CoinShares. This influx was largely driven by Bitcoin, which saw inflows of $543 million, while Ethereum faced outflows of $36 million. According to CoinShares, digital asset investment products […]