Ethereum co-founder Vitalik Buterin has recently warned the crypto community of an imminent risk of network saturation. According to him, the number of "blobs" is dangerously close to its maximum limit.
Following the market's recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level.
Spot Bitcoin ETFs experienced significant inflows totaling $365.7 million on September 26, 2024, while Ethereum ETFs faced minor outflows, reflecting the dynamic nature of cryptocurrency investments.
Ethereum's scalability push is gaining momentum with a Vitalik Buterin sponsored plan to increase Blob count.
Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter.
Staking protocol Bedrock confirmed their platform was infiltrated by a bug involving uniBTC, which allowed users to exchange a uniBTC with an ETH token. Bedrock announced through an X post on Sept.
The Bitcoin (BTC) price has been showing major strength ahead of the Friday options expiry surging past $65,000 levels for the first time since August 1. A total of $5.8 billion BTC options are set to expire today along with the PCE inflation data release for the month of August.
After days of bulls' dominance in the crypto market, many cryptocurrencies have felt an uptrend, including Ethereum, which has hit saturation earlier but made satisfactory gains recently. This recovery was important in September, as this month is known for the market's poor performance.
The postponement, however, was widely expected while the next deadline of November 10 should be the decisive one.
Visa has announced an innovative product designed to help banks issue fiat-backed tokens on the Ethereum network.
Ethereum has struggled to find stable ground at around $3,000, with weak institutional inflows and waning investor confidence keeping the altcoin subdued.
Bitcoin's correlation with gold has reached its highest point in five months. According to data from Into The Block, this increase coincides with gold reaching a new all-time high against the dollar, trading at $2,670 per ounce today.
The crypto market is set for potential volatility as approximately $7.7 billion worth of Bitcoin and Ethereum options expire today.
Charles Hoskinson, the founder of Cardano, made headlines by describing Ethereum as a “dictatorship.” His comments incited a debate about the governance structures of leading blockchain platforms, particularly focusing on the influence of Ethereum co-founder Vitalik Buterin.
“I think the ecosystem is sleeping on the fact that it's uncomfortably close to a ceiling,” cautions the Ethereum co-founder.
Ethereum price is eyeing a fresh increase like Bitcoin. ETH must surpass $2,665 to continue higher and trade to a new high in the near term.
Leading cryptocurrencies pumped Thursday, aided by favorable economic data, and sharp inflows in spot exchange-traded funds (ETFs). Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.
ETH price may rise despite declining dominance, supported by whale activity and burns.
Guggenheim Treasury Securities (GTS), a subsidiary of financial consulting firm Guggenheim Capital, has issued $20 million worth of Digital Commercial Paper (DCP) on Ethereum. The DCP received a P-1 credit rating from Moody's.
As it looks to break out of its ongoing bearish trend, Ethereum is at a pivotal point on the market. Lately, ETH has surged past a number of notable resistance levels, indicating strength and positivity among traders.
Ethereum, the second-largest cryptocurrency by market capitalization, has yet to reclaim the $3,000 price level since early August. Since the beginning of September, Ethereum has mostly traded below $2,600, but this week brought a glimmer of hope for investors as it finally managed to break above the $2,600 threshold.
A decentralized finance (DeFi) project and an Ethereum (ETH) layer-2 blockchain are both surging after abruptly gaining support from Coinbase. In a new set of announcements, top US-based crypto exchange platform Coinbase says it's adding DeFi platform Moonwell (WELL) and ZKsync (ZK), an Ethereum scaling solution, to its suite of products.
The price of Ethereum's native token, Ether (ETH), has struggled to gain upside momentum since the beginning of 2024. The world's second-largest crypto by market cap even recently hit an over 42-month low against Bitcoin (BTC).
SEC's Gensler suggests BNY Mellon's crypto custody model might expand to include a wider range of digital assets. The post Gensler suggests BNY Mellon's crypto custody model could expand beyond Bitcoin and Ether ETFs appeared first on Crypto Briefing.
Ethereum struggles to add new addresses to its network, currently holding just 78000 new addresses.
The commercial paper, issued via Amp.Fi Digital, is the latest example of a tokenized real-world asset launched by a traditional finance giant.
Just $6 million remains in the main wallet of the WazirX hackers, with most of the funds dispersed and mixed to make them harder to track.
Cryptocurrency markets are spiking, with Bitcoin reaching its highest level since early August. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $65,048 +3% Ethereum (CRYPTO: ETH) $2,653 +2.8% Solana (CRYPTO: SOL) $156.58 +4% Dogecoin (CRYPTO: DOGE) $0.1183 +7.8% Shiba Inu (CRYPTO: SHIB) $0.00001841 +18.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.1% and daily active addresses falling by 4%.
A Genesis creditor conducted a large Ethereum sale, signaling a crucial development in the ongoing liquidation process. This creditor is the largest recipient of the Genesis Trading bankruptcy proceedings.
Ethereum (ETH) burns quietly surge over the past week.
According to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum network.
U.S. spot bitcoin ETFs enjoyed another day of inflows, bringing in $105.84 million, while spot ether funds also added $43.23 million. Blackrock's IBIT Leads Bitcoin ETFs, While Grayscale's Mini Ether Trust Gains the Most Ether Inflows Wednesday marked another active trading session for the 12 spot bitcoin ETFs and the nine spot ether ETFs.
VanEck's MarketVector has identified a significant valuation gap between Solana (SOL) and Ethereum (ETH), suggesting SOL could potentially reach half of ETH's market cap, with projections placing its price around $330.
Over the past 24 hours, Solana has reaffirmed a break above the $150 resistance threshold with a 1.38% rise. This victory comes as VanEck sets a $330 Solana price target, citing its potential to challenge Ethereum's dominance.
TL;DR Polymarket Odds: Only 16% chance of Ethereum hitting a new all-time high in 2024. Total Bets: A total of $1,628,442 has been placed on this issue. Price Consolidation: ETH remains range-bound between $2,600 and $2,700 as investors await regulatory decisions.
In a recent tweet, a top analyst, HenrikZeberg, informed his followers that the long-awaited Altseason is here. According to him, the Alts-BTC ratio has tested the trendline after a bullish divergence, meaning altcoins are ready to fly.
Bulls are becoming more powerful, according to CoinStats.
In a surprising turn of events, an Ethereum user has paid a shockingly large fee for a single transaction.
The cryptocurrency world is often marked by extreme volatility, leaving many investors uncertain about the best course of action. Should they sell at the first sight of profit or hold onto their assets in the hope of larger returns?
Cardano (ADA) has breached a three-month down-trending resistance level, signaling that an uptrend is about to kickstart. If this is the start of the bull run, how high can Cardano price hit if it captures 113% of Ethereum's market cap?
Ethena Labs, the developer of the Ethereum-based synthetic dollar protocol, has announced the launch of UStb, a new fiat stablecoin. Backed by the BlackRock USD Institutional Digital Liquidity Fund (BUILD) and in partnership with Securitize Markets LLC, UStb offers a distinct alternative to the existing USDe stablecoin.
Ethereum's (ETH) price has struggled to breach the $2,681 resistance level, a barrier that has been in place for weeks. Despite repeated attempts to rise beyond this level, the cryptocurrency has faced stiff rejection, resulting in a drop that has increased short-term losses for investors.
The Genesis creditor with the wallet address 0x999
For investors and analysts, Head of Macro Research Julien Bittel's prediction that Ethereum could reach $20,000 is an intriguing one. The basis of Bittel's analysis is Ethereum's current market structure, which resembles previous movements observed in 2023 and may repeat bullish trends.
The U.S. cryptocurrency market saw a substantial increase in investor activity, with both spot Bitcoin and Ethereum ETFs recording significant gains. Spot Bitcoin ETFs led the day with a remarkable inflow of $136 million, while spot Ethereum ETFs closed with $62.5 million in new investments.
Taurus SA, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has partnered with Swiss equity tokenization platform Aktionariat AG to create the first regulated secondary market for tokenized shares of small and midsize enterprises (SMEs).
Guggenheim Treasury Services, a subsidiary of financial services giant Guggenheim Partners, has issued $20 million of tokenized commercial paper on the Ethereum blockchain, its partner, blockchain platform Zeconomy, announced Thursday.