Solana-based restaking and liquid staking could follow the explosive growth trajectory of Ethereum's liquid staking ecosystem.
UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients an innovative investment solution.
The fund is available on Ethereum blockchain and will only be distributed by authorized partners only.
Canary Capital, founded by former Valkyrie Funds co-founder Steven McClurg, has filed for a Solana (SOL) spot exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.
Market analysts predict that Ethereum could fall below $2,000 to trade at the $1,500 level. While others remain optimistic on an ETH bull rally.
Ethereum's All Core Developers Consensus Call #145 focused on updates for Pectra Devnet, PeerDAS, and a new EIP proposal, highlighting ongoing development efforts.
Analysts are observing that Bitcoin is facing rejection from a critical resistance zone. This movement has led to a short-term bearish divergence, suggesting potential downward pressure. Additionally, Ethereum and Solana are facing similar challenges as they struggle to maintain upward momentum.
Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.
The SOL ETF application marks Canary Capital's third ETF submission in October.
WisdomTree, a major ETF provider in the United States has made headlines with its latest Bitcoin and Ethereum transfers. This follows as the top two cryptos witnessed sharp price declines over the last 24 hours. However, the fund manager still holds a significant amount of BTC and ETH raising speculations over further dip ahead.
"That $2,400 support means everything for ETH," one industry participant said.
Devcon, ethereum's flagship conference is bigger than ever this year with 12,000 expected to attend in Bangkok from November 12th in two weeks.
Veteran analyst Peter Brandt predicts Ethereum's Ether (ETH) could drop to $1,500 as a bear pennant forms on the daily chart. Political uncertainty surrounding Trump's 2024 election odds adds to ETH's bearish outlook.
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Large ETH whale transfers hint at possible sell-offs and repositioning. RSI at 47.33 shows bearish sentiment, with potential for further declines.
With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.
Ethereum‘s renewed price momentum appears to be slowing down as bears have taken control of the market once again. Despite the waning price strength, several crypto analysts are still bullish about the crypto asset's trajectory, predicting that ETH could be set to rally in the short term.
With the crypto altcoin market cap excluding Bitcoin falling down to $909.91 billion, Ethereum and Solana witness a major crash. The altcoin market has dropped by nearly 7% in the past three days, with Ethereum and Solana approaching crucial support levels.
This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.
The leading provider of ETFs in the digital assets space, WisdomTree has gained market traction with its recent Bitcoin and Ethereum transfers. Notably, this movement comes as both the top two crypto by market cap noted sharp price declines over the last 24-hour timeframe.
Ethereum's price has been struggling to gain upward momentum for months, as it experienced a dip to around $ 2,500. Meanwhile, Veteran crypto trader Peter Brandt now warns of an even steeper decline, predicting a potential drop to $1,550 amid continued weak buying interest.
Solana is one of the top networks, commanding a market cap of over $81 billion, according to CoinMarketCap data. Even as crypto prices rise and sentiment improves, SOL has struggled for momentum.
Paxos launched the USDG stablecoin in response to institutional demand for a fully regulated stablecoin.
Peter Brandt, considered by many as a trading legend, and whose insights are followed by many with special attention, has released a new review of the Ethereum price. It is difficult to call it positive, to say the least.
Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.' As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts.
Today's Crypto Market crash lead to $277,480,000 liquidation. Liquidation refers to the forced closing of positions. Long liquidations happen when BTC prices fall sharply, forcing traders betting on a price increase to sell. The Bitcoin market has seen the highest liquidation of $88.40M in the last 24 hours, with long liquidations totaling $79.
Research explores how transaction ordering policies affect arbitrage profitability on Ethereum Layer 2 solutions, highlighting the efficacy of time-advantaged strategies.
The world's largest altcoin Ethereum (ETH) continues to remain in the bear grip while failing to sustain above $2,600 for a long time. Amid the broader crypto market correction, the Ethereum price has slipped another 5.5% and is currently trading at $2,509 levels with a market cap of $302 billion.
The crypto market will witness $2.29 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined.
Canary Capital files for a Solana ETF, marking a key milestone in crypto adoption by Wall Street.
Whales buy and stake large quantities of Solana.
Ethereum Devcon SEA 2024 is set to welcome 12,000 attendees. The schedule is now live, offering over 300 hours of content.
Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term.
The crypto prices today have again sparked mixed investor sentiments, illustrating fluctuating trajectories. Bitcoin (BTC) price waned back to the $69K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded dominantly in the red zone.
Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term.
The cryptocurrency market is experiencing a dynamic shift, with Shiba Inu (SHIB) showing signs of a possible reversal, Solana (SOL) facing a concerning pattern in its momentum, and Bitcoin (BTC) pushing toward an ambitious target of $84,000. As traders navigate this volatile landscape, it's essential to understand the indicators that could influence price movements in the coming days.
Ethereum price resumed its downward trend this week as odds of Donald Trump winning next week's general election retreated. Ether fell to $2,500, a few points below this week's high of $2,725.
Ethereum leads in active addresses with 43% dominance. ETH has experienced an uptrend over past week hiking by 3.74%.
Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum's implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum's scalability and economic dynamics.
Solana is on a strong upward trajectory, and if the current pace continues, it could see its price approach $200 by mid-November. Strong market sentiment is reflected in the price action for SOL as growing investor interest pushes it closer to this expected level.
SOL hits three-month highs as sUSD surpassed $10M after launch, marking a milestone in RWA-backed assets.
High-performance blockchain Solana (SOL) has garnered attention for significant inflows from other blockchains, with its total value locked (TVL) surging as a result of these inflows. An examination of the data, however, shows a more nuanced picture, with Ethereum (ETH) recovering 42% of Solana's inflows.
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0.07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under.
After a bearish start, Ethereum (ETH) has traded within a narrow range through October, facing resistance at $2,736 and finding support at $2,326.
Solana (SOL) has made waves in the cryptocurrency market by breaking through the $180 barrier for the first time in nearly three months. This significant milestone has sparked excitement among traders and investors, fueling speculation about whether SOL could be on its way to hitting the $200 mark.