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news-imageDecember 19, 2024

7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH?

The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021.
Publisher: NewsBTC
Sentiment: Negative
ETH

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cover-imageThe Currency Analytics
December 19, 2024

BlackRock's Bitcoin and Ethereum ETFs See Historic $860 Million Inflows in 24 Hours

BlackRock's Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) witnessed a remarkable $860 million surge in just 24 hours. This surge underscores the growing interest from institutional investors in crypto-backed financial products, signaling a major shift in how traditional financial markets are engaging with digital assets.

Negative
cover-imageThe Currency Analytics
December 18, 2024

Ethereum Mega Whales Control Over 57% of Supply: What It Means for the Network

On-chain data from the analytics firm Santiment has revealed a striking trend in the Ethereum (ETH) market: the largest holders, or “mega whales,” now control more than 57% of the total supply of Ethereum. This growing concentration of ETH supply has significant implications for the network, particularly given Ethereum's shift to a Proof-of-Stake (Pos) consensus mechanism.

Negative
cover-imageBenzinga
December 18, 2024

Bitcoin, Ethereum, XRP, Dogecoin Plummet Despite Anticipated 25 Basis Point Rate Cut

Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.

Positive
cover-imageCryptoGlobe
December 18, 2024

BlackRock's Ethereum ETF Surpasses 1 Million ETH Holdings

The spot Ethereum exchange-traded fund (ETF) launched by the world's largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens. According to data from BlackRock's website, the iShares Ethereum Trust ETF (ETHA) the fund now holds 1.

Positive
cover-imageThe Daily Hodl
December 18, 2024

Top Trader Predicts ‘Quick' Move to All-Time High for Ethereum, Sees ETH Outperforming Bitcoin From Here

A popular market analyst known for his timely crypto calls is predicting Ethereum (ETH) will suddenly return to its all-time high. Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Ethereum may surge more than 23% from its current value and start outperforming against Bitcoin (ETH/BTC).

Positive
cover-imageCoingape
December 18, 2024

Germany's Deutsche Bank To Launch Ethereum Layer 2 Network

Germany's Deutsche Bank is set to address compliance hurdles associated with public blockchain technology through the development of a Layer 2 protocol. Announced as part of Project Dama 2, this initiative will integrate blockchain efficiency with regulatory requirements, bridging traditional financial services (TradFi) and decentralized technology.

Neutral
cover-imageBenzinga
December 18, 2024

Federal Reserve Meeting Preview: 3 Scenarios And What They Mean For Bitcoin, Ethereum, XRP

Markets are on edge ahead of the Federal Reserve's final meeting of 2024, with investor focus shifting to the central bank's projections for 2025 rate cuts rather than the widely expected 25-basis-point reduction. What Happened: The outcomes of the projections could trigger vastly different market reactions, from relief rallies to sharp declines.

Positive
cover-imageCrypto Economy
December 18, 2024

Deutsche Bank Presents Dama 2 to Combine Layer 2 Tech with Ethereum for Financial Institutions

TL;DR Deutsche Bank has launched Project Dama 2, a Layer 2 solution integrating with Ethereum to address regulatory challenges and enhance transaction efficiency for financial institutions. Developed with Memento Blockchain Pte and Interop Labs, Dama 2 uses ZKsync technology to allow banks to explore public blockchains securely and customize validator lists for compliance.

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