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.

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.

Commit-Boost, supported by Eigen Labs, is set to move towards audit and production on the Ethereum mainnet, enhancing validator rewards and network security.

Analyst project a 2x move for SOL's price if the asset reach half of ETH's market share.

Ethereum derivatives market signals renewed optimism, with the futures funding rate 30-day moving average exhibiting a positive shift.

Pepe coin price is back on investors' radars as the meme coin turned bullish in the past couple of weeks. Reacting to Ethereum, PEPE broke out of a bullish continuation pattern, complete with a retest for confirmation.

The biggest recipient from the Genesis Trading bankruptcy has recently initiated a major sell-off of Ethereum, according to Arkham Intelligence data. The creditor has sold 12,100 Ethereum (ETH), valued at $31.43 million, within three days.

Bitcoin (BTC) retreated from $64,000 late on Wednesday after reaching a peak of $64,780, just short of the crucial $65,000 price level. The overall crypto markets saw a slight retreat, with the market cap falling by 0.82% to $2.23 trillion.

Visa is launching a tokenized asset platform on Ethereum in 2025, providing banks with a new opportunity to access the crypto markets.

Analysts predict Solana could reach $330 and capture 50% of Ethereum's market cap, driven by its superior transaction capacity and growing ecosystem in DeFi, stablecoins, and payments.

PayPal announced Wednesday that millions of U.S. merchants can now buy, hold, and trade crypto assets directly from their business accounts. The new functionality builds on the company's service for retail users, potentially opening up a bigger market for the Silicon Valley-based payments behemoth.

A popular crypto analyst thinks one large-cap Ethereum (ETH) rival could be at risk of a massive sell-off.

The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off. According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days.