Prominent Ethereum contributor ConsenSys has made a decision to downsize.

Consensys, a Web3 software company, is laying off 20% of its workforce due to economic and regulatory challenges. Despite these setbacks, Consensys says it remains committed to its vision for Web3 and plans to continue supporting the Ethereum project.

Cryptocurrency markets are surging on Tuesday amid Donald Trump's rising election odds, positive broader economic factors and subsiding geopolitical tensions. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $72,870.84 +4.4% Ethereum (CRYPTO: ETH) $2,662.43 +5.8% Solana (CRYPTO: SOL) $179.25 +1.3% Dogecoin (CRYPTO: DOGE) $0.1731 +10.4% Shiba Inu (CRYPTO: SHIB) $0.00001902 +6.8% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 112.3% and daily active addresses grew by 18.2%.

For years, Ethereum has established itself as the second-best competitor to Bitcoin regarding technology, innovation, and use cases. If many consider Bitcoin as ‘digital gold,' Ethereum would be ‘digital silver.

Ethereum's significant outflows and positive technicals signal potential for a sustained bullish rally.

The "mini" trusts spun off from Grayscale's legacy Bitcoin and Ether funds in July.

Telegram-based Toncoin (TON) has seen significant growth since its inception, and the current trends show that it could dethrone Ethereum in holders count. CryptoQuant analysis shows that Toncoin has attracted massive investors, with TON holders increasing from 7.12 million to 108 million between 15 March 2024 and 17 October.

Investors are optimistic once again as the hope of the Ethereum price rallying to $5,000 hit the crypto market. In a recent report, Ethereum co-creator Vitalik Buterin spoke at length about upcoming solutions to Ethereum's (ETH) staking, block production issues, and prevent centralization of proof-of-stake to Ethereum L1.

Long-term Ethereum (ETH) holders have displayed strong confidence in the cryptocurrency's potential for continued price growth, especially compared to short-term investors. BeInCrypto noted this trend after analyzing market sentiment using on-chain data.

A software provider for the Ethereum network, Consensys Inc. let goes 162 positions which make up 20% of the firm's workforce.

GalaSwap evolves into GalaConnect, offering seamless Ethereum bridging, dynamic fees, and enhanced account management within the GalaChain ecosystem, as reported by Gala News.

American crypto asset manager Grayscale Investments has announced that two of its major regulated funds, the Bitcoin and Ethereum Mini Trusts have hit a major milestone. As contained in a press release, the products have accumulated $750 million since their debut in July.

In response to promising signals in the crypto market, major investors ("whales") are massively accumulating Ethereum. This trend, coupled with a significant increase in new wallets, suggests bullish potential for the second-largest cryptocurrency by market capitalization.

TL;DR The staked ETH market has cooled off in 2024, with staking rewards declining. Competition for ETH staking has increased, driven by new protocols with higher yields. USDT experiences a devaluation following rumors of a DOJ investigation, while the correlation between BTC and ETH stabilizes.

Grayscale Investments announced on Tuesday that its newly launched Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded products (ETPs) have attracted significant investor interest, recording inflows exceeding $750 million since their respective launches in July 2024. What Happened: The Grayscale Bitcoin Mini Trust (NYSE:BTC) and Grayscale Ethereum Mini Trust (NYSE:ETH) are promoted as the world's lowest-fee ETPs in their categories, with annual expense ratios set at 0.15%.

The amount of Ethereum (ETH) being held on cryptocurrency exchanges has recently plunged by around $750 million after massive withdrawals of the second-largest cryptocurrency by market capitalization from these platforms.

Cryptocurrencies and regulation: the standoff between Consensys and the SEC leads to drastic staff cuts

Data from Farside Investors reveals interesting figures in the Ethereum ETF sector of the cryptocurrency market. Fidelity Investments has come out on top again in its daily report of institutional interest in the world's leading altcoin.

While October has certainly been a rough month for Ethereum, the past week underscores a turning point in sentiment as exchanges see $750 million in ETH withdrawals. The post ETH Price Set for Rally? Massive $750M Ethereum Outflow Hints at Bullish Sentiment appeared first on Cryptonews.

Toncoin's holder count is rising fast, suggesting it may soon overtake Ethereum.

Consensys will focus core offerings like crypto wallet MetaMask and Ethereum layer-2 network Linea, a spokesperson told Decrypt.

Vitalik Buterin responded to criticism regarding the current state of Ethereum's Layer 2 user experience. Many said it needed to be more cohesive and simplified.

Price action in Ethereum has attracted the attention of investors and analysts alike, as it trades near a critical support level at $2,600. Analyst Ali Martinez has pinpointed this region as the critical threshold that Ethereum will cross before it makes its next significant move.

Analysts said Ethereum's staking yields are now lower than those of other major Layer 1 protocols, which offer yields between 7% and 21%.

Vitalik Buterin outlines Ethereum's “The Splurge,” focusing on quantum resistance.

Ethereum market observers have taken notice of a recent transaction in which 58,000 ETH worth roughly $152 million was moved from Binance to the Binance Beacon Deposit. Questions have been raised concerning this sizable deposit's potential effects on the Ethereum market, especially given the cryptocurrency's recent protracted decline.

Buterin was responding to criticism of how bad the current Ethereum Layer 2 user experience is, suggesting interoperability improvements.

Telegram-linked Toncoin is experiencing significant growth in its user base. Recent data indicates a surge in the number of TON holders, positioning the network to overtake Ethereum in terms of user adoption by the end of the year.

TL;DR Vitalik Buterin introduces “The Splurge,” a new phase in Ethereum's roadmap aimed at enhancing the blockchain's long-term resilience and performance. Key goals include achieving a high-performance Ethereum Virtual Machine (EVM), incorporating account abstraction, and optimizing transaction fees with “multidimensional gas.

Bitcoin (BTC) touched $71,000 earlier today as it inches toward record highs. BTC hit $70,000 for the first time since late July and peaked at $71,460 before declining back to $71,000.

Crypto whales are accumulating tens of millions of dollars worth of one Ethereum (ETH) rival from two top exchanges, according to on-chain data. Blockchain tracking firm Lookonchain reports that three deep-pocketed investors have suddenly accumulated nearly $35 million worth of Solana (SOL) from Binance and Kraken.

The altcoin market has recorded a significant bullish recovery during the early Asian market. This comes after Bitcoin price successfully reclaimed the $71,000 level with a 24-hour high of $71,475.47.

Vitalik Buterin, the creator of Ethereum (ETH), recently responded to growing criticism about the user experience of Ethereum's layer-2 solutions. He said that it is important to address challenges in order to further develop the platform and reiterated that the development team is working to achieve seamless cross-L2 interoperability.

Vitalik Buterin has unveiled "The Splurge," a strategic plan for Ethereum that focuses on enhancing quantum-resistant cryptography, improving the Ethereum Virtual Machine, and refining transaction fee structures to prepare the blockchain for future challenges. The post Vitalik Buterin's ‘The Splurge' Targets Quantum-Resistant Cryptography for Ethereum's Future appeared first on Cryptonews.

Ethereum price jumped to $2.6K, gaining over 5% over the past 24 hours. The analyst suggests a potential breakout for ETH.

Ethereum's “Splurge” focuses on incremental improvements vital for protocol success. The EVM Object Format (EOF) aims to enhance code execution and efficiency.

In the last 30 days, Bitcoin has recorded a surge of 8.5%. Meanwhile, during the same period, Ethereum has declined 1.0%. Since October 15, the Bitcoin Spot ETF market has seen only one day with a negative inflow. Yesterday, the market registered an impressive inflow of +$472.60M.

Ethereum's price has been holding steady for the past few months, not leaning strongly up or down. But the market may be getting ready for a shift.

Ethereum founder Vitalik Buterin has added more to the section of the Ethereum roadmap called “The Splurge,” aiming to advance the Ethereum Virtual Machine (EVM) toward a stable, high-performance “endgame state.” According to the Oct.

The Ethereum network is always evolving, a notably all-encompassing change. In an unexpected twist, stablecoin issuer Circle has proposed upgrading the ERC-20 token standard to a more private, more confidential one.

Ethereum's co-founder Vitalik Buterin recently shared insights on the next steps on Ethereum's roadmap in his blog, outlining a stage called “The Splurge.”

Vitalik Buterin announced "The Splurge," a technical upgrade plan for Ethereum that includes EVM optimization and security improvements, leading to a 5.5% price increase to $2,612 and increased trading volume.

Ethereum co-founder Vitalik Buterin has made waves on social media platform X, asserting his dominance in the conversation surrounding Ethereum as he defends the network's roadmap against growing criticism. Recently achieving the highest “KOL mindshare” (Key Opinion Leader) on Crypto X, Buterin holds a 1.69% share, surpassing Helius Labs CEO Mert Mumtaz, who trails at 1.18%.

Vitalik Buterin says the Ethereum Foundation's ETH sales are critical to the success of the leading smart contract platform's ecosystem. Last week, Buterin was asked about the Foundation's sales on the social media platform X, but the Ethereum creator quickly defended the firm.

Ethereum co-founder has released his series' highly anticipated sixth installment, “The Future Development of the Ethereum Protocol Part 6: The Splurge.”

On-chain data shows exchanges have recently observed a large amount of Ethereum exit their wallets, a sign that could be bullish for ETH's value. Ethereum Exchange Reserve Has Seen A Plunge Recently As explained by analyst Ali Martinez in a new post on X, the ETH investors have made net outflows from exchanges recently.

Spot Bitcoin exchange-traded funds in the U.S. recorded $479.35 million in inflows on Oct. 28 marking their fourth straight day of net inflows while spot Ether ETFs saw a slowdown in net outflows.