The total liquidations over the past 24 hours exceed $260 million.
Crypto analysts are seeing signals that Ethereum (CRYPTO: ETH) may soon rally against Bitcoin (CRYPTO: BTC), potentially reversing recent underperformance. What Happened: According to Lookonchain, a major Ethereum whale with holdings of 398,891 ETH ($1.14 billion) recently sold 29,897 ETH at $2,839 for a profit of $84.7 million (810x return), signaling confidence among some high-stake investors in ETH's future trajectory.
Tether, the issuer of the world's largest stablecoin, has recently minted $2 billion worth of USDT on the Ethereum network, while simultaneously reallocating funds across multiple leading cryptocurrency exchanges. This move, coming on the heels of an earlier $1 billion mint on the Tron blockchain, has caught the attention of the crypto community and market analysts.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia's 10th Congressional District, holds Ethereum. Collins disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to the platform Quiver Quantitative.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The crypto witnessed an accelerated bullish momentum following Donald Trump's victory in in the 2024 presidential election. Bitcoin, the pioneer digital asset reached a new all time high, fueling a recovery in the altcoin market.
As DeFi loans surge, BTC and ETH remain exposed.
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Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026. What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on anticipated regulatory shifts following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital assets.
This 20% rise has sparked optimism among investors, but there remains some uncertainty over whether the uptrend will continue without a reversal.
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The Ethereum Foundation has released a report detailing its $970.2 million treasury, primarily held in ether. The report outlines the foundation's strategy of selling ETH during bull markets to fund ecosystem projects during bear markets.
The report also highlights the foundation's conflict of interest policy, which bars team members from accepting outside jobs that pay in hard-to-value assets.
TL;DR Bitcoin and Ethereum options worth nearly $4.6 billion expire today, creating volatility in the market. The expiration of these options follows the US elections and FOMC updates, with high expectations for strategic moves. Implied volatility has decreased, although the market remains optimistic.
Ethereum rose to $2,960 earlier today, outperforming bitcoin since Wednesday as the Trump win will give the ethereum industry a much needed respite.
Ethereum trades in the $2.9K range, after gaining over 3.55%. ETH could hit $3K if it clears the $2,950 resistance.
Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.
The Ethereum ecosystem's treasuries total $22.2 billion in 2024, with Optimism, Uniswap, and Mantle holding the largest shares.
The factors that held ETH back this year are now reversing. This shift could open the door for meaningful price discovery.
Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points. What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.
The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.
The Ethereum Foundation (EF), a nonprofit supporting Ethereum's blockchain ecosystem, has released its 2024 annual report detailing financial updates, treasury holdings, and recent policy initiatives. The report highlighted the organization's budget breakdown, spending from recent years, and new policies designed to foster transparency and integrity across the Ethereum ecosystem.
While bullish indicators such as Ether ETF inflows point to potential upside for ETH, recent spikes in derivatives trading volume suggest increased volatility. The post Ether Eyes $3.2K Breakout Amid Positive ETF Inflows, Trump Victory Boosts Sentiment appeared first on Cryptonews.
TL;DR Eclipse, the first hybrid Ethereum-Solana layer-2 network, has launched its mainnet, combining the speed and low transaction costs of Solana with the decentralization and liquidity of Ethereum. The network offers 60 decentralized applications (DApps) across various sectors, including DeFi, consumer apps, and gaming, attracting users and developers from both ecosystems.
Donald Trump's second presidential win has sent ripples of excitement across the cryptocurrency market. Bitcoin led the charge, surging 10% to a new all-time high of $76,203, as buying activity spiked amid renewed optimism. Investors are showing confidence, with Trump's pro-crypto stance expected to influence favorable policies for digital assets.
Ethereum exchange-traded funds (ETF) have put their underwhelming days of performance behind them. Data from Farside Investors show two consecutive days of massive inflows into Ethereum ETF products.
TL;DR The Ethereum Foundation (EF) has disclosed a substantial treasury of $970.2 million as of October 31, 2024, with 99% of its $788.7 million in cryptocurrency assets held in Ether (ETH).
Aya Miyaguchi, Ethereum Foundation's executive director, shares Ethereum Foundation Report 2024, a comprehensive outlook oт EF policies and instruments. It provides a detailed review of EF reserves and key areas of activities EF is going to be focused on.
Peter Brandt critiques Ethereum's complexity and high transaction fees, favoring Solana's streamlined approach.
Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.
Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market.
The Shiba Inu (SHIB) community is buzzing with speculation about the possibility of the token reaching a value of $0.01, a target that many have long dreamed of. A recent suggestion from a prominent community figure has reignited the discussion, proposing a potential pathway to this ambitious goal—Shiba Inu becoming a gas token on the Ethereum network.
A critical bullish signal may be ahead, with indicators aligning for a potential rally too.
The Ethereum Foundation has launched a temporary testnet named Mekong, designed to allow developers to test upcoming upgrades before they are deployed to the main Ethereum network.
The Ethereum Foundation's 2024 financial report reveals a $970.2 million treasury with 99% of crypto holdings in ETH, while implementing new policies and maintaining support for ecosystem development through various initiatives and grants.
Trump's election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether's price along the way.
The significant dumping of $2.2K-$2.4K puts (bearish bets) signaled a market sentiment shift in the options market, as large players didn't expect ETH to drop to $2.4K again.
Ethereum, the undeniable giant of the blockchain, is making a new leap forward with the launch of the Mekong testnet, a name that resonates like a nod to the mysterious waters of the famous Asian river. At first glance, Mekong may seem like a simple addition to the Ethereum ecosystem.
Ethereum (ETH) has jumped almost 20% over the past two days as the broader decentralized finance (DeFi) sector rallied following Donald Trump's presidential victory. Ethereum Begins To Regain Momentum The second-largest cryptocurrency by reported market cap has lagged behind Bitcoin (BTC) and other smart contract platform tokens like Solana (SOL) for much of the year.
An early Ethereum investor has emerged after nine years of hibernation, armed with a fortune that has multiplied 330 times since he made his initial investment.
49,000 BTC options ($3.7B) and 295,000 ETH options ($860M) expire, with key Maxpain points at $69K and $2.5K.
Non-profit organization Ethereum Foundation sparked a tidal wave of discussions across the broader crypto market on Friday as it revealed its 2024 report, boasting a treasury of $970 million. Notably, Aya Miyaguchi, the firm's ED, spotlighted key details such as the current EF teams, EF grantees, and ongoing efforts to enhance the Ether ecosystem, underscoring
The Ethereum Foundation said the ecosystem is supported by over $22 billion in treasury funds across Ethereum-based projects.
Both Bitcoin and Ethereum have experienced impressive growth in the last 30 days. The Bitcoin market has registered a surge of 21.6%, and the Ethereum market a rise of 19.2%. A recent post by Raoul Pal suggests that ETH may soon outperform BTC. He highlights some key factors to support his argument.
Ethereum (ETH) has made a significant leap in the market, surging by more than 10% in the last 24 hours. As of now, the second-largest cryptocurrency is trading at $2,840 after briefly reaching higher levels.
The Ethereum Foundation has revealed its financial 2024 report, outlining its dedication to holding the “vast majority” of the treasury in ETH.