Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins.
Ethereum price extended its decline below the $2,350 level. ETH is now recovering from losses and faces a major hurdle near the $2,300 zone.
Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy's health. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.
Ethereum (ETH) is facing a challenging moment as it grapples with a significant decline in daily active addresses. According to recent data, the number of active addresses on the Ethereum network has plummeted by 18.23% this year, dropping from 382,000 to 312,000.
Franklin Templeton's proposed ETF highlights growing interest in Bitcoin and Ethereum investments.
A massive Ethereum ($ETH) initial coin offering (ICO) participant has recently shaken up the cryptosphere after selling a staggering 19,000 ETH worth more than $47.5 million in just two days.
Ethereum has seen a 15% drop since hitting its recent high of $2,729 last Friday, leaving analysts and investors feeling frustrated with the price action. Many expected the bullish trend to continue, but Ethereum has struggled to maintain upward momentum.
Ethereum is experiencing a prolonged period of aggressive selling pressure, leading to a marketwide sell-off. The latest data shows that ETH has significantly lost ground, with its market capitalization having dropped by billions.
The two largest cryptocurrency assets, Bitcoin and Ethereum are witnessing a notable shift in the behavior and confidence of investor as indicated by a negative trend in their network activity, leading to sluggish performances in the past months.
Popular crypto analyst Il Capo of Crypto has returned to social media platform X after over two months of hiatus to drop an interesting outlook for Bitcoin and Ethereum in the coming months in light of the recent correction since the beginning of October. The analyst, which has been so big on a looming altseason since the beginning of the year, has revealed a bearish outlook for Bitcoin and even Ethereum (king of altcoins) in the short term.
Solana co-founder and chief executive officer of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden. He has rebuked the US government for its ineptitude in creating jobs and encouraging employment opportunities at the local levels.
The cryptocurrency market is presently experiencing a substantial decline, as both Bitcoin and Ethereum have experienced a substantial decrease in active addresses. This trend, which has persisted throughout 2024, has triggered apprehension regarding the future of these prominent cryptocurrencies.
Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum's price downside.
Cryptocurrency markets are trading lower as geopolitical tensions continue to loom over global financial markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,619.33 -1% Ethereum (CRYPTO: ETH) $2,342.84 -3% Solana (CRYPTO: SOL) $134.89 -5.8% Dogecoin (CRYPTO: DOGE) $0.103 -0.7% Shiba Inu (CRYPTO: SHIB) $0.0000159 -3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 13.4% and daily active addresses falling by 15.9%.
Since falling from $160 on September 30, the Solana (SOL) price has continued to hit lower levels. Recent data suggests that the token might drop to a region it has not reached in almost a month.
Banking giant JPMorgan recently poured cold water on Ethereum (ETH), the second-largest cryptocurrency, claiming that there is no "bullish impulse" in its futures products.
Lately, top meme based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been witnessing a spike in their prices. This bullish trend appears to have extended to Solana based meme coin Bonk (BONK), as its price movements has been showing signs of an impending bullish surge.
Franklin Templeton, a multi-trillion dollar asset management firm, has filed for a new exchange-traded fund (ETF) that would provide exposure to both Bitcoin and Ethereum. According to an application with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the firm aims to offer investors a single product that tracks the performance of the two largest cryptocurrencies by market capitalization.
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Visa, the global payments giant, has announced a major step forward in integrating blockchain technology with traditional banking. With the launch of its Visa Tokenized Asset Platform (VTAP), set to pilot in 2025, Visa aims to enable financial institutions to mint, burn, and transfer fiat-backed tokens, such as stablecoins, on public blockchains like Ethereum.
Payments services giant Visa has launched the Visa Tokenized Asset Platform (VTAP), a b2b solution for commercial banks to issue fiat-backed tokens on the Ethereum network. In an announcement on October 3, the company said the product will help banks bridge fiat currencies with blockchain networks.
Solana has hit the key $137 support level, and the bulls are now facing intense pressure to prevent a downward breakout. With the market momentum hanging in the balance, all eyes are on whether the bulls can defend this critical zone and spark a potential rebound.
Ethereum's (CRYPTO: ETH) price drop woke up a formerly active whale wallet, which bought a significant sum despite the asset's poor recent performance. What Happened: On-chain analytics platform Spot On Chain revealed that the elusive “7 Siblings” wallet made a significant purchase of Ethereum during the recent market dip.
Cyber security firm CertiK revealed that despite a decline in the number of hacks, the total value stolen soared to 750M Q3, with Ethereum as the top target.
Vitalik proposes reducing ETH staking minimum to enhance user participation. Increased bandwidth requirements could temporarily balance lower staking thresholds
“7 Siblings” invested $66M in Ethereum during recent market dip. Previous purchases include $129.3M for 56,093 ETH at $2,305 average price.
Franklin Templeton has filed a proposal with the US SEC to launch a Bitcoin and Ethereum index ETF. If approved, this ETF would be the first to hold both BTC and ETH in a single fund.
Grayscale now has a trust that gives investors access to Aave, a DeFi protocol on Ethereum and the 44th biggest digital token by market cap.
DeFi platforms often need help to provide the security and simplicity users need to manage their crypto wallets. This is where WallitIQ (WLTQ) steps in, addressing these shortcomings through advanced artificial intelligence (AI) and machine learning (ML) technologies.
Visa introduces VTAP, allowing banks to issue and manage fiat-backed tokens on Ethereum, with live pilots in 2025. The post Visa unveils Ethereum tokenization platform for banks with BBVA as early adopter appeared first on Crypto Briefing.
Spanish multinational banking heavyweight Banco Bilbao Vizcaya Argentaria (BBVA) is ready to mint the pilot version of its stablecoin on the top of Ethereum (ETH) blockchain. Visa's brand-new tokenization platform, VTAP, has been chosen as the technical basis for a game-changing product.
Tron price is one of the few crypto assets that are up during the current market turmoil. The coin has gained 0.2% in the last 24 hours and is trading at $0.1539.
The recent bearish momentum has made SOL critical, leaving traders wondering whether it will hold above this key support or slip further.
The Solana price has dropped by 6.5% today, falling to $135 as the crypto market as a whole loses 3% in 24 hours.
TL;DR Vitalik Buterin supports the reduction of the 32 ETH requirement for solo staking in order to facilitate individual participation. He proposes a temporary reduction to 16 or 24 ETH, highlighting that solo stakers are key to Ethereum's security and decentralization.
Whistleblower Edward Snowden has faced a backlash from the Solana (SOL) community following his remarks about the blockchain's alleged centralization during his keynote speech at Token 2049 in Singapore.
Ethereum co-founder Vitalik Buterin has proposed lowering the minimum deposit requirements for stakers on the blockchain network. In an Oct. 3 post on X, Buterin voiced his support for reducing the current 32 ETH threshold needed to stake on the network to support solo staking.
Ethereum faces bearish sentiment, but strong fundamentals may support future price recovery.
As the cryptocurrency market continues to decline, it appears that Crypto whales are making a big bet on Ethereum (ETH) the second-largest cryptocurrency by market cap. Whales Accumulate Ethereum On October 3, 2024, the on-chain transactions trackers spotonchain made a post on X (Previously Twitter) that the mysterious “7 Siblings,” with assets totaling $2.
OKX cryptocurrency exchange has enhanced its investment product lineup and expanded its trading options. On October 3, 2024, the company introduced the ETH/BTC pair to its Dual Investment product, alongside listing MOODENG, NEIRO, PYUSD, and EIGEN cryptocurrencies.
Data from Farside indicates that Bitcoin spot ETFs experienced a significant net outflow of $91.76 million on October 2, leading to a cumulative net inflow decrease of 0.48% to $18.53 billion.
As the crypto market experiences a broad correction, Shiba Inu Coin (SHIB) and Solana (SOL) are also trading downward. Despite its strong fundamentals, Investors are left wondering how a potential surge in Solana's price to $2,000 could affect Shiba Inu's performance.
Ethereum co-founder Vitalik Buterin highlighted that core developers need to work to lower the staking requirements to 1 ETH to further enhance network decentralization.
The crypto markets are plunging. The Bitcoin price is about to lose the pivotal support at $60,000. The growing uncertainties following the warlike situation between the two countries have heavily impacted the traditional financial markets and the crypto markets as well.
Solana continued its downward trend, falling for four consecutive days as a sea of red engulfed the crypto industry. Solana (SOL), the fifth-biggest cryptocurrency, retreated to $135 on Thursday, Oct. 3, its lowest point in over three weeks.
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $14.45 million in fresh inflows on Wednesday. Bitcoin ETFs Experience Outflows as Ethereum ETFs Rise Above On Oct. 2, 2024, the 12 U.S.
Ethereum co-founder Vitalik Buterin has laid out a vision to further decentralize the network without compromising security. In a post shared on X earlier today, Buterin suggested that Ethereum developers should rethink the current 32 ETH staking requirement, calling it a higher barrier than the network's bandwidth demands.