Coinbase's (NASDAQ: COIN) Layer-2 (L2) network Base is one of the most popular second-layers built on top of Ethereum (ETH). On September 21, Base experienced an outage, going through 20 minutes without producing any blocks, similar to Solana's outages.

What is causing Ethereum ETFs to experience significant outflows?

Ethereum (ETH) has emerged as a focal point of attention. After breaking through the significant $2,500 threshold, Ethereum's recent performance has excitement among investors, leading many to speculate whether it can climb to the ambitious target of $3,000 before October rolls around.

Ethereum saw spikes in open interest and social dominance, rising to their highest in seven weeks. Are we seeing the start of a bull trend?

Since July, crypto whales have distributed Ethereum (ETH) in large volumes. This selling pressure affected the price, which cratered from over $3,500 at that time to $2,140 in the first week of September.

Despite a recent crypto market rally driven by Federal Reserve rate cuts and an 11% rise in ether prices, Ethereum ETFs are seeing significant outflows.

Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $1 per transaction to $5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $4 on Sept. 23, the average cost per transfer reached 0.0027 ETH ($7.06) on Tuesday morning.

One of the most anticipated new platform on ethereum, EigenLayer, is airdropping 200 million EIGEN tokens to ethereans on Monday.

United States spot Ether exchange-traded funds (ETFs) have posted their largest daily outflows since late July, with more than $79 million being withdrawn on Monday in a sign of faltering institutional demand for the industry's second-biggest crypto.

According to the latest figures from sosovalue.xyz, spot bitcoin exchange-traded funds (ETFs) pulled in $4.56 million in inflows, while ether ETFs saw a hefty outflow of $79.21 million on Monday. Mixed Day for Crypto ETFs Spot bitcoin ETFs had a positive day on Monday as three funds attracted inflows during the session.

The Ethereum price has struggled to make headway today, remaining at $2,644 as the market drops by 4% in 24 hours.

The spot Ethereum ETFs saw the biggest outflows yesterday in almost two months.

The bankrupt crypto lending firm Genesis has potentially begun to move millions of dollars worth of Ethereum (ETH). Data from the digital asset deanonymizing platform Arkham shows that a crypto wallet collected 114,503 ETH worth nearly $360 million from an address belonging to Genesis Trading: Bankruptcy Distribution.

In a recent tweet, Lunar Crush revealed that Solana has had more total social engagements than ETH in the last six months. The data comes from multiple social channels and shows the top altcoins, TON, DOGE, XRP, and BNB, following the trend.

Cryptocurrency Market Today: The global cryptocurrency market resumes to hover in the green, with a slight increase of 0.39% over the past 24 hours, bringing the total market cap to $2.23 trillion. The Fear & Greed Index remains neutral at 51, indicating a balanced sentiment among investors as they watch for significant market movements.

EigenLayer's native token, EIGEN will become transferable after months of lockup in the Stakedrop campaign.

Despite the ETH price recovery after the Fed rate cut decision the outflows from spot Ethereum ETF have continued suggesting a fragile market sentiment.

Recent Ethereum whale activity and volume surge spark interest, but mixed on-chain metrics suggest cautious optimism in the market.

Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum's token price, which boosted the value of assets staked through the platform.

Pepe Coin price is trending upwards and shows the promise of a bullish breakout. Ethereum, to which the meme coin is closely correlated, has also been surging following the overall crypto recovery led by Bitcoin.

Spot Ethereum ETFs witness their highest outflows since late July as Bitcoin funds extend their positive streak to a third day.

Bitcoin (BTC) surged past $64,000 on Monday, rising to a high of $64,400 before dropping to its current levels. The world's largest cryptocurrency has been up over 8% during the past seven days as it continues its rally following the 50 bps rate cut by the Federal Reserve.

At a recent event in Singapore, Vitalik Buterin talked about growing concerns over Ethereum's network security. Specifically, the creator of the blockchain highlighted some overlooked vulnerabilities that could pose a big threat, even though the current staking mechanisms can be called robust.

Unlike the spot Bitcoin ETFs in the United States seeing renewed demand, the spot Ethereum ETFs have seen waning interest in recent times. On Monday, these Ether ETFs saw the largest single outflows of $79 million since the launch in July.

As Bitcoin strengthens its position as the undisputed leader, Ethereum seems to be wavering. Crypto analyst Benjamin Cowen, followed by hundreds of thousands of investors, predicts a major turning point in the relationship between these two market giants.

Now that the Fed has cut rates, many wonder if money printing is about to ignite a crypto boom. To shed light on this, well-known analyst CrediBULL Crypto shares surprising price predictions for BTC, ETH, SOL, and XRP in a recent YouTube video on the Thinking Crypto channel.

Spot Bitcoin exchange-traded funds in the U.S. experienced a significant drop in net inflows on Sept. 23, while spot Ether ETFs ended their two-day inflow streak.

In this way, anyone will be able to verify on-chain, even in an automated manner, the state of the reserves of this wrapped Bitcoin.

U.S. spot Ethereum exchange-traded funds (ETFs) experienced significant net outflows of $79.21 million on Monday, marking the largest daily outflow since July 29.

Ethereum price rebounded yesterday and soared to a 24-hour high of $2,687 against the backdrop of a general market recovery. The price boost piqued investors' interest, reflected in rising open exchange interests.

Key points:

The outflow come despite a broader crypto market rally fueled by recent Federal Reserve rate cuts, which helped lift ether prices by 11% over the past week.

Spot ether ETFs saw $79.21 million in net outflows on Monday, with Grayscale's ETHE recording outflows of $80.55 million.

Cryptocurrency Price Today: The global cryptocurrency market has traded sideways in the past 24 hours, sinking 1.6% in valuation, leading the market cap to $2.22 trillion. With the Fear & Greed Index maintaining steady at 51 (neutral), the market sentiment remains alert as traders await more strong market movements.

Significant outflows from US Ethereum ETFs highlight investor uncertainty and may impact the broader cryptocurrency market's stability. The post US Ethereum ETFs see largest single-day loss since late July as Grayscale Trust sheds $80 million appeared first on Crypto Briefing.

Ethereum price extended its increase above the $2,650 resistance. ETH is now correcting gains and might find bids near the $2,600 support.

Leading cryptocurrencies reversed course on Monday, giving up gains achieved the previous day.

Ethereum (ETH) is currently at a pivotal moment in its relationship with Bitcoin (BTC). Noted crypto analyst Benjamin Cowen has indicated that the ETH/BTC trading pair may be nearing what he calls the “final stages of capitulation.

Whale movements and rising volume ignite hope for a potential Ethereum breakout.

21.co integrates Chainlink Proof of Reserve for 21BTC increasing transparency on Solana and Ethereum blockchains.

A “Diamond Hand” Ethereum (ETH) whale has suddenly emerged, transferring a massive 15,000 ETH token to a major exchange. Given the sheer size of the transaction, this whale has caught the attention of many Ethereum investors and the broader crypto community.

The Ethereum network's roadmap priorities have come under scrutiny.

Judges appeared displeased at the SEC's approach to crypto, with one alleging intent to "crush the industry" in a hearing over Coinbase.

The Ethereum Foundation sold 200 ETH for 527,989 DAI, according to Etherscan. In September, a total of 1,150 ETH, valued at $2.8 million, were sold due to this big selloff.

The foundation has executed another sale, further fueling what is quickly becoming an ETH selling spree.

Cryptocurrency markets are holding on to the green zone with Bitcoin and Dogecoin relatively flat, while Ethereum is trading higher. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,449.64 +0.6% Ethereum (CRYPTO: ETH) $2,685.90 +4% Solana (CRYPTO: SOL) $144.14 -0.3% Dogecoin (CRYPTO: DOGE) $0.1073 +0.7% Shiba Inu (CRYPTO: SHIB) $0.00001456 +0.2% Notable Statistics: IntoTheBlock data shows a decrease of 0.8% in large transaction volume and a drop of 11% in daily active addresses.

On the sidelines of the TOKEN2049 conference in Singapore, Charles Hoskinson, co-founder of Ethereum and Cardano, shared his thoughts in an interview with CNBC about the differing crypto stances of Donald Trump and Kamala Harris.