Ethereum blob fees briefly surged to a price of $4.52 spurred by a frenzy of Scroll airdrop claims.

7,728 ETH ($20M) added to circulation in past week. Network activity drops 3%, with 43% decrease in fees.

Hopes of a rally toward $3,000 were raised by Ethereum's recent 15% price increase but it looks like the upward momentum has encountered a major obstacle. For ETH the 100 EMA has shown to be a strong resistance level and the assets recovery appears to have stalled at this point.

The Ethereum price has just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levels above $3,000. The recent breakout is seen as a bullish indicator for the top altcoin by analysts who have closely watched the Ethereum price action for the past few months.

Solana based memecoin launchpad Pump Fun continues with its selling spree, dumping 40000 SOL tokens worth $6.68 million.

ETH is expected to decline further in the short term, according to current market indicators.

Ethereum layer-2 network Scroll just launched its token—but like the recent Hamster Kombat airdrop, some recipients aren't happy.

The firm's non-custodial staking model for Solana ETN will allow investors to retain full control over their staked assets.

Ethereum (ETH) has recently garnered attention for a notable trend among its investors. As of mid-October 2024, data reveals that long-term accumulation addresses now hold over 19 million ETH, a significant increase that highlights growing investor confidence in Ethereum's future.

It appears that the popular Solana-based meme coin Popcat (POCAT) is outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). On October 23, 2024, when major cryptocurrencies struggled to gain momentum, POPCAT topped the crypto market with an impressive price surge of over 12%.

Is Solana crypto ripe for a possible huge price rally? Some market analysts believe it does, seeing that the crypto is moving in a favorable pattern.

Solana's (SOL) price chart shows that the altcoin could be on the verge of a 70% increase. In August, Solana's price dropped to $130.

A widely followed crypto analyst is issuing a warning that Ethereum (ETH) may collapse in value in sync with Fed rate cuts.

Cryptocurrency markets are trading sideways on Tuesday: Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,436.75 -0.03% Ethereum (CRYPTO: ETH) $2,626.50 -1.7% Solana (CRYPTO: SOL) $168.23 +1.3% Dogecoin (CRYPTO: DOGE) $0.1395 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001823 -1.3% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 78.9% and daily active addresses dropped by 4.6%. Transactions greater than $100,000 are up from 5,769 to 8,957 in a single day.

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.

Pump.fun has generated approximately $162 million in revenue since its inception.

Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.

Ethereum co-founder Vitalik Buterin has outlined several solutions to combat increasing centralization risks in the Ethereum network's proof-of-stake mechanism, particularly focusing on block production and staking economics.

Today, on October 22nd, 2024, the crypto market saw a small drop, amid geopolitical tensions and electoral uncertainties in the United States. Meanwhile, the total value of all cryptocurrencies fell by 2.2%, down to $2.34 trillion.

Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial systems, according to local media reports. The government has consulted key institutions on the issue, and many favor prohibiting private cryptos.

Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750. Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors look for further signs of strength in the price action.

Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?

After a brief retracement, the Solana price has found support at the $163 mark and is currently trading at approximately $168. The cryptocurrency is again approaching a significant resistance level at $170, which has posed a challenge for the token over the past month.

Elmnts, a tokenized investments platform focused on building an on-chain commodities ecosystem on Solana, has announced its public beta. The platform's launch on Solana (SOL) provides accredited investors access to blockchain-based investment funds, backed by mineral rights royalties.

Ethereum (ETH) rose to a high of $2,758 before being pushed back. This is the fifth time Ether has tested the $2,800 resistance level.

For the past few weeks, Ethereum seems to be in full swing, capturing the attention of investors and analysts. A combination of technical and fundamental factors appears to be laying the groundwork for a spectacular rise.

Ethereum (ETH) and Solana (SOL). With both cryptocurrencies gaining momentum, investors are eager to know which one might be the better choice for the upcoming Alt Season.

The Solana network has significantly outpaced the Ethereum network in the recent past on web3 activities fueled by its meme coin space growth.

TL;DR Elmnts launches public beta, allowing accredited investors to access tokenized investment funds backed by mineral rights royalties. The platform is built on the Solana network and seeks to offer a secure and regulated approach to blockchain investments. Elmnts combines traditional investment expertise with the innovation of blockchain technology to create attractive financial products.

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.

What are Buterin's plans regarding Ethereum's infrastructure?

Solana's rising TVL and DEX volume highlight its growing influence in the blockchain space, potentially challenging Ethereum's dominance. The post Solana TVL reaches new peak since early 2022 appeared first on Crypto Briefing.

TL;DR Bitcoin has outperformed Ethereum this week, driven by a 14% increase following the Fed's rate cut. Institutional interest in BTC remains higher, with futures at record highs, while ETH faces slower adoption. Demand for ETH has declined, surpassed by altcoins and Layer 2 solutions that have shown better performance.

Elmnts officially went live on the Solana blockchain, offering tokenized investment funds tied to mineral rights royalties. The new platform offers a new investment avenue for retail and institutional traders to participate in high-yield assets with double-digit potential returns and low entry of $1,000 in investments.

Pump.Fun earns millions by creating memecoins on Solana, attracting new users and maximizing profits.

With growing interest in central bank digital currencies globally, India may move to ban private cryptocurrencies, positioning its digital rupee as the future of its financial ecosystem.

During Tuesday's Asian market session, the Solana price jumped 1.44% to trade at $168.6, while its market cap boosted to $79.04 Billion. This growth was driven by a bullish convergence across three key SOL charts: price trends, on-chain data, and derivatives metrics.

Amid increased price volatility, Bitcoin price has experienced a strong pullback over the past 24 hours. Following this, the Ethereum price has experienced a similar price action by facing rejection around its important resistance level of $2,800.

Energy market analytics company RBN Energy estimates that mineral and royalty interests amount to $700 billion.

Ethereum's active addresses have surged past 5 million across its mainnet and Layer 2 networks, highlighting the growing dominance of the platform.

The project is spinning out of Solana Labs and its new leaders want to turn a profit.

After an impressive breakout last week, Solana (SOL), a fast-growing layer one (L1) chain with dozens of decentralized financial (DeFi) protocols, has gradually gained bullish momentum. The large-cap altcoin, with a fully diluted valuation of about $98 billion and a daily average traded volume of around $4.

The platform has processed over $1.4 billion in trading volumes in the past 14 days, buoyed by an ongoing artificial intelligence-themed memecoin frenzy.

As general sentiments soar, Solana's institutional products have notched $2.4 million in inflows over the last seven days. Recent inflows into the asset funds follow anticipation for spot ETFs in the United States.

Pump.fun's fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.

Pump.fun's fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.

XRP price has been on the investors' radar, especially amid a flurry of developments surrounding Ripple. Amid this, a renowned figure in the crypto market predicts the crypto will rally to $16, potentially surpassing Ethereum in its run.