The United States Office of Foreign Assets Control sanctioned the Tornado Cash mixer in 2022 — accusing it of facilitating money laundering.

According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.

The following is a guest post by Rob Viglione, CEO of Horizen Labs. In the past year, there have been some major milestones along the Ethereum roadmap that have leveled up the network.

Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures.

Amid increased price volatility in the cryptocurrency market, top tokens continue recording a mixed price sentiment. Moreover, limelight tokens such as Bitcoin, Ethereum, and XRP are currently hovering close to critical ranges.

ETH is facing selling pressure, lower fees, and underperformance after the Dencun upgrade.

Hashkey Capital, one of Asia's largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector analysis for the first half of 2024. The report covers significant technological advancements across multiple blockchain sectors, with a strong focus on Ethereum, account abstraction, and developments in decentralized finance (defi).

Ethereum trades at $2.4K, moderately spiked over the past 24 hours. ETH price influences the altcoin market sentiment and activity.

Recent data indicates that Ethereum staking yields are poised to surpass U.S. interest rates, underscoring the increasing relevance of cryptocurrencies in today's financial landscape. As the market expands, the evolution of crypto wallets becomes crucial.

The current price of the AAVE token stands at $150.74. Market analysts predict that AAVE could see a significant price increase, potentially reaching $194.81 by the end of 2024.

Although Ethereum has increased by 5.70% in the past three days, the short-term outlook remains uncertain. A close look at on-chain metrics reveals sell signals that hint at an incoming Ethereum price crash that could fool investors.

On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day's trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.

Ethereum (ETH) has seen a 10.3% drop from last week's highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction.

Bitcoin's price hovers around $60,900, the cryptocurrency market is enveloped in a cloud of uncertainty. With volatility impacting many digital assets, analysts are closely examining the price trajectories of both Bitcoin and Ethereum.

The future of Ethereum lies in its ability to scale, integrate real-world assets, and foster a thriving community across its ecosystem.

Cosmos developer Interchain Foundation sold 4,000 ETH (worth $9.5 million) just 27 hours ago!

Ethereum co-founder Vitalik Buterin has endorsed a significant update to the SuperchainERC20 protocol, as detailed in a recent GitHub pull request by Optimism. This redesign introduces a new cross-chain interface, fostering greater cooperation among Ethereum infrastructure entities and solidifying a more unified ecosystem.

According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset's “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status.

Market sentiment has been improving, with AAVE accruing some benefits thanks to the same.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been under significant selling pressure lately. Over the past week, Ethereum's price has dropped nearly 10%, raising concerns about its future trajectory.

Ethereum's recent attempt to break above the multi-month descending channel's middle threshold of $2.6K has turned out to be a false breakout, leading to a notable rejection and sharp decline. This pattern suggests a potential mid-term continuation of the downtrend toward the $2.1K support level.

It appears that the recent price crash is just the beginning, as whales and institutions have sent a significant amount of Ethereum (ETH) to exchanges.

Ethereum, the second-largest cryptocurrency by market cap, has seen significant downward pressure recently, reflecting the overall sentiment in the crypto market. With Bitcoin and other major altcoins also suffering, Ethereum's price has dipped below $2,400, and traders are now looking to a key support level around $2,350 for clues on where the coin might head next.

The crypto asset management giant Grayscale has launched a new trust that offers investors exposure to the decentralized finance (DeFi) protocol Aave (AAVE). The crypto firm's new product is solely invested in Aave's native token and functions like the company's other single-asset trusts.

Contrary to the anticipated “Uptober” rally, the cryptocurrency market has experienced a significant downturn, largely driven by geopolitical tensions in the Middle East. Major assets have seen their values decline, with some retesting multi-week lows.

The cryptocurrency market is currently navigating a turbulent landscape, marked by significant declines and unexpected price movements. Ethereum (ETH), Bitcoin (BTC), and XRP are at the forefront of this ongoing saga, each facing unique challenges and market dynamics that have left traders and investors on edge.

A recent whale dump has fueled fear, but a deeper pullback may signal a potential market bottom.

SUI gained 115% in a month after integrating USDC into its blockchain, which resulted in a parabolic surge in user and network activity.

Asset manager Bitwise will combine three Bitcoin and Ethereum futures ETFs into a single offering with a momentum-based strategy.

An early Ethereum ICO buyer moved several tranches of coins in the past few days. The market absorbed the selling, but ETH sentiment suffers when older holders show signs of divesting or abandoning the project with profit-taking.

Ethereum (ETH) price is facing a critical moment as it hovers near strong resistance and support levels. Recent market metrics, including the Net Unrealized Profit/Loss (NUPL) and whale activity, suggest a cautious sentiment among investors.

Although Ethereum's rise to major highs might be near, the asset still needs to accomplish some declines.

Cryptocurrency markets are trading higher on positive labor market data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,356.18 +2.7% Ethereum (CRYPTO: ETH) $2,432.81 +3.8% Solana (CRYPTO: SOL) $143.92 +5.7% Dogecoin (CRYPTO: DOGE) $0.1094 +5% Shiba Inu (CRYPTO: SHIB) $0.00001751 +10.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 10.9%.

Bitwise plans to shift three of its Bitcoin and Ethereum futures ETFs from their current long-only strategies to ones that alternate between crypto and US Treasuries, according to an Oct. 4 statement.

Ethereum bulls might be prepping for another take-over after the recent bearish assault that pushed price down to an tested demand zone.

Ethereum (ETH) has been through a rollercoaster ride lately, experiencing a sharp decline that saw its price plummet nearly 9%. This downturn raised questions among investors and traders about the future of this leading cryptocurrency.

Ethereum's price has been struggling over the past week, dropping more than 12% as of today. However, the asset saw a brief rally, finding support at an intra-day low of $2,312.58, and climbed back up to $2,438, a 5% increase from the day's low.

If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.

Some Ethereum (ETH) high-conviction investors have been signaling pessimism about the project's future by offloading relevant long-term positions. Overall, two accounts have recently sold more than 45,000 ETH, worth approximately $110 million at current prices.

Venture capitalist Arthur Cheong believes that one decentralized finance (DeFi) altcoin may be gearing up for a massive breakout. The DeFiance Capital CEO tells his 176,400 followers on the social media platform X that several factors are signaling bullishness for lending platform Aave (AAVE).

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VanEck remains optimistic about Bitcoin's outlook heading into the fourth quarter, citing strong macroeconomic support and institutional inflows while expressing concerns over Ethereum's ongoing struggles with market share and declining fee generation. According to the firm's September recap report, Bitcoin surged 7.7% over the month, buoyed by the Federal Reserve's rate cut and China's economic stimulus.

Bitcoin (BTC), along with Ethereum (ETH) and XRP, witnessed a rough week as the macro-financial conditions remained bleak. Nevertheless, each of the three assets is close to reclaiming a key support level.

TL;DR The transition of Ethereum to Proof of Stake has raised concerns about centralization and concentration of power in the hands of a few actors, threatening its decentralization principles. Geth, one of the most used clients, controls 61% of the network's interactions, while Lido dominates 33% of the staked ETH.

Circle is making significant strides by launching its USDC stablecoin in Australia and the Asia Pacific region, collaborating with MHC Digital Group, led by venture capitalist Mark Carnegie.

The price of Ethereum (ETH) has fallen below its moving average lines after rejecting the $2,800 resistance level. Price analysis by Coinidol.com.

Ethereum is sinking, navigating by sight towards $1,200, with a regression model as a worried captain.

TL;DR Ethereum's inflation has reached 0.74%, the highest level in two years, raising doubts about its status as “ultrasound money.” The adoption of layer 2 solutions like Arbitrum and Optimism has reduced gas fees, limiting the burning of ETH and affecting the total supply.