The Federal Reserve's latest rate cut has sent Ethereum (ETH) soaring. Trading at $2,428 as of this writing, the altcoin's value has spiked by over 5% in the past 24 hours.

The decision to split up the upgrade wasn't unexpected. Developers had been discussing previously that Pectra was becoming too ambitious to ship all at once, and expressed desires to split it in order to minimize the risk of finding bugs in the code.

It was a sea of green in the cryptocurrency industry after the jumbo interest rate cut by the Federal Reserve. Bitcoin (BTC) led the gains, cruising above the important resistance point at $63,000 for the first time since Aug. 27.

Ethereum is seeing an increase in network demand after it added more capacity with network fees up from the base minimum of 1 gwei to currently about 25 gwei for a simple transfer.

Vet, the cofounder of xrpcafe and an XRPL dUNL validator, shared in a recent X post Ripple CTO David Schwartz's perspective on the introduction of smart contracts on the XRP Ledger (XRPL).

Grayscale's XRP Trust achieves 11.44% NAV growth amid rising institutional interest.

Bybit's support for Ethereum's Attackathon underscores the growing emphasis on security and innovation in the crypto industry. The post Bybit backs Ethereum's first Attackathon with 75 ETH commitment appeared first on Crypto Briefing.

On a larger scale, Ethereum's price has been declining, almost clearing all of its gains since the beginning of 2024. Yet, things might be about to change soon, which was hinted at in the developments in the past 24 hours.

A Ripple-associated wallet has recently moved 100 million XRP as it transferred 19.7 million tokens to the Bitso exchange. This transaction valued at around $57.9 million was noticed by tracking platform Whale Alert. The transfer coinciding with Ripple's ongoing regulatory challenges has ignited concerns among the community. After the initial transfer of the wallet, rhWt..

Solana mirrors Ethereum's position from three years ago. If the trend persists, SOL could eclipse ETH's market cap.

The ongoing price recovery of Ethereum (ETH) might be derailed if investors price in a likely dump from the coin's Initial Coin Offering (ICO) era. Per data from crypto analytics platform Lookonchain, 10,000 ETH is on the line if this whale chooses to sell.

The supply of Ethereum on centralized exchanges has remained stagnant since March this year, despite the approval of US spot Ether ETFs.

A recent conversation within the XRP community has ignited new speculation about the token's potential future price. The discussion was a bold prediction from Crypto Tank, a prominent cryptocurrency analyst, who suggested that XRP could hit an astounding $100 if it captures just 10% of the daily transaction volume processed by SWIFT, the Society for Worldwide Interbank Financial Telecommunication.

So far, 36 victims suffered losses amounting to nearly $1.4 million worth of Ether.

Chinese authorities' recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP's Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game currency.

Bitcoin and Ethereum ETFs recorded significant net outflows, despite the U.S. Federal Reserve's announcement of a 50 basis point rate cut. What Happened: Bitcoin (CRYPTO: BTC) spot ETFs had a net outflow of $52.827 million, the first outflow after four days of inflows.

XRP News: Ripple-partner SBI Holdings has confirmed participation in Project Agora, a joint initiative led by the Bank for International Settlements (BIS) and seven central banks. XRP community reacted to the development due to speculation of potential integration or alignment for the cross-border payments over a unified ledger initiative.

On Wednesday, the Fed announced its decision to lower interest rates by an aggressive 50 basis points, or half a percentage point, its first cut since March 2020, marking a shift in its monetary policy approach.

With the crypto market experiencing an increase in price action, altcoins have regained momentum by recording significant price volatility in their respective valuations. Moreover, with the rising whale/institutional activities, the on-chain data shows an increase in the accumulation of top tokens.

Germany's Commerzbank is set to launch Bitcoin and Ethereum trading to its customers. The Geman Bank will offer these crypto trading services through Crypto Finance, a subsidiary of Deutsche Börse.

XRP price has been trading within an ascending triangle pattern, a technical setup that suggests a significant breakout is on the horizon. This pattern could send the altcoin's price up by as much as 28.9%.

An ancient Ether whale recently became active and went on a spelling spree. Most of the address' ETH sell-off came in when ETH was dealing with heavy selling pressure.

XRP's price could skyrocket to $5 if Ripple captures 50% of the global remittance market, a scenario now within sight. The XRP price action shows a bullish continuation pattern, indicating a potential 40% breakout in the near term.

US investors were in a withdrawal mode yesterday.

Blockdaemon's VP Andrew Vranjes indicated that Hong Kong regulators could greenlight staking features for spot Ethereum ETFs by the end of this year.

The attacker has transferred more than 42,500 ETH ($100 million) to Tornado Cash so far, according to the on-chain analytics platform Arkham.

Commerzbank's entry into crypto services signals a growing institutional acceptance and integration of digital assets in traditional finance. The post German banking giant rolls out Bitcoin, Ether trading and custody services appeared first on Crypto Briefing.

A wave of speculation swept through the cryptocurrency community, ignited by a provocative post on social media that hinted at XRP potentially hitting $1,000. While this bold claim generated excitement among investors, a leading crypto analyst has stepped in to dispel the hype, calling the prediction unrealistic and unsustainable.

Ethereum (ETH) looks to have found a bottom at long last. $2,000 may well have been that bottom, and $ETH is now starting to claw its way back up.

The crypto market update for September 19, 2024 Asian trading hours sees Bitcoin break above $62,000. BTC price rose as traders cheered the US Federal Reserve's 0.5% interest rate cut – the first one since 2020. Most altcoins also traded higher, with Ethereum gaining to above $2,450.

A wallet linked to Ripple recently moved 100 million XRP, transferring 19.7 million tokens to the Bitso exchange. This significant transaction, valued at approximately $57.92 million, was highlighted by Whale Alert, a leading crypto tracking service.

Nervos Network (CKB) has seen a sharp surge in its price, rising by over 140% in September, largely driven by its listing on South Korea's Upbit exchange. However, despite its strong upward momentum, signs indicate that the bullish trend may be losing steam.

According to blockchain analytics platform Spotonchain, an ancient Ethereum whale has quietly offloaded 24.7 million ETH, raising eyebrows in the crypto community. With this whale making major moves, traders are closely watching what might come next for Ethereum. Meanwhile, ETH's price surged 5.24%, reaching $2,445 and pushing its market cap to $293.4 billion.

Crypto analyst Levi Rietveld recently shared an exciting strategy for XRP investors, offering insights on how a $1,000 investment could evolve into $1 million. While his prediction relies on XRP's growth over the next few years, Rietveld also introduces advanced strategies to enhance returns significantly. XRP is currently priced at $0.

In a new twist of events concerning the WazirX hack, the hackers have switched $32M worth of stolen Ether (ETH) through the Tornado Cash. Since Monday, $15,000 ETH has been shifted with three tranches of 5,000 ETH transferred over the past 4 days as per the Peckshield alerts.

Binance's rebuttal comes amid growing frustration over the stolen funds.

The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.

The XRP price action depicts a beautiful bullish continuation pattern on the daily chart that promises a 40% breakout if market conditions remain favorable. On September 18, the Federal Open Market Committee (FOMC) announced a 50 basis point cut on the interest rate, and XRP surged by 5%.

The service will be offered to existing Commerzbank corporate clients in Germany, and will start with bitcoin and ether trading.

Ether has bounced off its 200-week simple moving average, reinforcing long-term support.

Ethereum based Layer 2 solutions are all the rage, how can you invest in this lucrative market? What are the top 5 Ethereum Layer 2 projects?

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Rep. Ritchie Torres (D-NY), one of the strongest pro-crypto voices within the Democratic Party, recently spoke about the legal status of Ethereum (ETH) during a congressional hearing, arguing that the second-largest cryptocurrency should not be classified as a security.

Animoca Brands moved Pixels (PIXEL) tokens to Binance, potentially realizing $2.44M in sales. The gaming company and VC fund was a leading backer for the Pixels seed round.

Jeff Garzik, well-known Bitcoin Core developer, has announced that he has closed a round of funding to build the Hemi blockchain.

WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance - a statement the latter has denied.

Blockdaemon's head of international said his team is working with Hong Kong spot crypto ETF issuers to develop staking solutions.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, heads into a trying period with its decentralized application activities going down notably.