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news-imageNovember 8, 2024

Ethereum Up 17% On The Week: What Is Going On?

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.
Publisher: Benzinga
Sentiment: Positive
ETH

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Negative
cover-imageCryptoSlate
November 9, 2024

SEC punts decision on options trading for spot Ethereum ETFs

The US Securities and Exchange Commission (SEC) has delayed its decision on approving options trading on Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE), according to a Nov. 8 filing. The regulator cited a need for additional time to review the proposal and assess market implications.

Neutral
cover-imageBenzinga
November 8, 2024

Bitcoin, Ethereum, Dogecoin Close The Week Trading Sideways

Cryptocurrency markets are trading mostly sideways to close out the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,596.76 -0.1% Ethereum (CRYPTO: ETH) $2,941.75 +1.8% Solana (CRYPTO: SOL) $198.79 +0.9% Dogecoin (CRYPTO: DOGE) $0.1959 +1.8% Shiba Inu (CRYPTO: SHIB) $0.00001878 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%.

Positive
cover-imageThe Currency Analytics
November 8, 2024

Dormant Ethereum Whale Returns After Trump Win, Profits $30M

A dormant Ethereum whale has made a significant return to the crypto market following the boost ignite by Donald Trump's victory in the U.S. election. This whale, who had been inactive for over eight years, capitalized on the recent Ethereum price surge, making an impressive $30 million in just 24 hours.

Positive
cover-imageThe Currency Analytics
November 8, 2024

Tether Mints $2B USDT on Ethereum, Moves Funds to Exchanges

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.

Positive
cover-imageCrypto news
November 8, 2024

US Congressman Mike Collins buys ETH worth $80k

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.

Positive
cover-imageBenzinga
November 8, 2024

Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered

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.

Positive
cover-imageCryptonews
November 8, 2024

Ethereum Foundation Discloses $970M Treasury in 2024 Report, Spotlights Ecosystem Progress

Ethereum Foundation disclosed a $970.2M treasury, holding 99% in ETH, representing 0.26% of the token's supply. With a focus on long-term sustainability, it funds ecosystem advancements, manages financial stability, and supports critical Ethereum developments, including the Mekong testnet launch. The post Ethereum Foundation Discloses $970M Treasury in 2024 Report, Spotlights Ecosystem Progress appeared first on Cryptonews.

Neutral
cover-imageBenzinga
November 8, 2024

Bitcoin, Ethereum, Solana Rally Does Not Mean All Cryptocurrencies Will Moon: 10x Research

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.

Positive
cover-imageCryptoSlate
November 8, 2024

Ethereum ecosystem treasuries top $22 billion, with resources poised to support network's future growth

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.

Positive
cover-imageCrypto Economy
November 8, 2024

Eclipse Launches First Hybrid Ethereum-Solana Layer-2 Network with Promising DApps Lineup

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.

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