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news-imageDecember 17, 2024

Ethereum Price Crash Incoming? Tron's Justin Sun Unstakes $209 Million ETH From Lido Finance

The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher.
Publisher: NewsBTC
Sentiment: Negative
ETH
LDO

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Negative
cover-imageThe Currency Analytics
December 17, 2024

Ethereum (ETH) Bearish Signal: Is $3,500 the Next Target

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently shown signs of potential price weakness after a strong price surge. As the price nears a critical resistance level, both whales and long-term holders appear to be pulling back, fueling speculation that a decline may be imminent.

Positive
cover-imageBenzinga
December 17, 2024

Hyperliquid Emerges As Ethereum, Solana Rival: Here's How High HYPE Could Go

Hyperliquid (CRYPTO: HYPE), a rising decentralized exchange and Layer-1 blockchain, has caught the attention of cryptocurrency enthusiasts after rising almost 800% in three weeks. What Happened: Pseudonymous analyst Fmoulin wrote a detailed analysis of HYPE in a post on X on Sunday, diving into the project's revenue potential and growth opportunities.

Negative
cover-imageBitcoin
December 17, 2024

104 Whales Hold 57.35% of Ethereum: Santiment Analysis

The concentration of over 50% of ETH's supply in a small pool of wallets could pose key risks to Ethereum's decentralization. Ethereum Whales Hit Highest Holding Ever Ethereum's (ETH) surge to $4,000 has rekindled interest in the second largest cryptocurrency by market cap.

Negative
cover-imageCryptopolitan
December 17, 2024

Lido commences closing down Polygon PoS chain staking service

Lido has officially begun the phase-out of its staking services on the Polygon Proof-of-Stake (PoS) chain following a community-approved vote in November. The decision marks a significant shift in the protocol's operations, which had previously allowed users to stake Polygon's MATIC tokens in exchange for liquid staking tokens called static.

Positive
cover-imageBenzinga
December 17, 2024

CoinShares CEO Optimistic About Bitcoin ETFs, Ethereum Under Trump

CoinShares CEO Jean-Marie Mognetti expressed confidence regarding the future of Bitcoin (CRYPTO: BTC) ETFs and other cryptocurrencies such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) under the incoming administration of President-elect Donald Trump. What Happened: Mognetti highlighted the substantial inflows into U.S. Bitcoin ETFs following the election.

Positive
cover-imageCrypto Economy
December 17, 2024

Ethereum Whale Activity at All-Time High, Small Wallets at Historic Low

TL;DR Ethereum whale activity has reached an all-time high, with the top 104 whale wallets holding 57% of all Ether (ETH), indicating growing confidence among large holders. The share of ETH controlled by smaller wallets has dropped to historic lows, with wallets holding between 10 and 100,000 ETH now accounting for just 33.

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