A significant portion of the massive cryptocurrency haul seized from the PlusToken Ponzi scheme is reportedly being sold off, with OXT Research analyst ErgoBTC revealing that 7,000 Ether worth $16.7 million was recently moved to exchanges, potentially signaling the liquidation of the entire $1.3 billion in ETH seized from the scheme.

Ethereum price extended losses and tested the $2,320 support. ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance.

‘Uptober' remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.

These deposits have triggered a surge in Ethereum exchange reserves to a three-week high.

Significant activity has been displayed by Shiba Inu, as evidenced by a spike in large transaction volume of 4.1 trillion SHIB over the last day, almost reaching its seven-day high. Large transaction volumes often signal increased interest from larger holders, or whales, which may have a significant impact on how prices behave in the future.

Ethereum has been experiencing sluggishness in its price performance recently, as the cryptocurrency continues to closely follow Bitcoin's movements. Currently trading at $2,392, Ethereum is down 1.5% in the past 24 hours, adding to its gradual decline in recent days.

Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a challenging period marked by a significant price drop and stagnant network activity. Recent reports indicate that between October 1 and October 8, Ether's price fell by 7.3%, effectively erasing the gains accumulated in the prior weeks.

Ethereum foundation offloads- Ethereum Foundation offloaded another 100 ETH for the first time this Month In Sep month Ethereum Foundation sold over 1300 ETH at an average price of $2581 ($3.35 M) as the ETH price recovered. Whale selling - An ancient ETH ICO whale holding 150000 ETH from the Ethereum Genesis event transferred 5000 ETH to a Kraken wallet on Monday.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continued to navigate choppy waters on Tuesday as it consolidated around the $2,400 mark.

The crypto market is experiencing a turbulent week, influenced by mixed US macroeconomic data.

An Ethereum token created by the FBI to foil market manipulators netted investigators around $14,500 in profit, on-chain data shows.

Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,579.75 -2.4% Ethereum (CRYPTO: ETH) $2,360.93 -2.3% Solana (CRYPTO: SOL) $137.54 -2.1% Dogecoin (CRYPTO: DOGE) $0.1044 -3.9% Shiba Inu (CRYPTO: SHIB) $0.00001643 -3.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 25.7% and daily active addresses falling by 18.8%.

AaveDAO to vote on whether to allow Trump's World Liberty Financial to build its DeFi offering on the Aave platform.

ETH ETFs haven't gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why.

Ethereum's (ETH) price dipped below its 20-day exponential moving average (EMA) and 50-day simple moving average (SMA) on October 1. Since then, it has struggled to break back above these levels, which have become resistance points.

Payments giant Stripe is announcing global support for USDC settlements over the Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains.

A look at how Base has been fairing in its journey towards becoming the leading Ethereum layer 2 network.

The price of First Neiro on Ethereum (NEIRO) has skyrocketed by 87% over the past week, making it the market's top gainer in the last seven days.

Ethereum (ETH), the second-largest cryptocurrency by market cap, finds itself at a crucial point in the market. While the broader crypto community awaits a rally, Ethereum continues to face resistance at key price levels.

The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.

Ethereum faces short-term downtrend, but potential 2025 bull run remains likely.

Unichain's launch could significantly enhance Ethereum's scalability and DeFi accessibility, potentially reshaping the blockchain landscape. The post Uniswap debuts Ethereum L2 Unichain, UNI token surges 13% appeared first on Crypto Briefing.

Ethereum's recent failure to reclaim the multi-month descending channel's middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. Technical Analysis By Shayan The Daily Chart Ethereum's price movement on the daily chart reflects a bull trap.

Ethereum price today is hovering around $2,388 after decreasing by nearly 7% since the October 7 swing high. This downtrend aligns with Bitcoin's 2% drop in the last 24 hours.

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value. Wednesday's Spot Crypto ETF Action On Oct. 9, the 12 U.S.

Anthony Pompliano, angel investor and founder of the Pomp Investments fund, has released a podcast this week, in which his wife, Polina M. Pompliano, asked him questions on various topics, including Bitcoin, which Pomp is a big proponent of.

World Liberty Financial (WLF), a decentralized finance (DeFi) project associated with the Trump family, has officially proposed to launch on Aave V3 on Ethereum's mainnet.

Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.

Stripe has announced the reactivation of crypto payments for U.S. businesses, allowing businesses to accept USDC through Ethereum, Solana, and Polygon.

Uniswap Labs is building a custom Layer 2 called Unichain using the Optimism Superchain, which will feature sub-second block times.

"Security was the number one most important factor," said Phuc Thai, Head Researcher at Ronin developer Sky Mavis.

The demand for Ethereum has been somewhat lacking, to say the least.

With the rising uncertainty in the cryptocurrency market, Bitcoin price has plunged below the $61k mark. Following this, the altcoin leader, Ethereum price continues its struggle to reclaim the $2.5k level, highlighting a rising bearish action in the crypto space.

Donald Trump's decentralized finance (DeFi) venture, World Liberty Financial, aims to launch on Aave's Ethereum mainnet. This collaboration seeks to establish a platform that sets new standards and advances the entire DeFi sector.

On June 1, the Ethereum price was nearly $3,815. It climbed to a monthly peak of $3,865.77 on June 5. Between June 6 and 11, the price sharply plummeted from $3,865.39 and $3,497. In the period between June 12 and 22, the price mostly fluctuated inside the range of $3,470 and $3,654.

Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).

The Ethereum market has faced immense selling pressure in the recent past emanating from whale selling led by the US spot Ether ETF issuers.

It's the first time in six years that Stripe's U.S. business customers can accept crypto payments since it ended support for bitcoin in 2018.

A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts.

Cardano price trends in a crucial zone as the crypto markets struggle to rise against Bitcoin's sell-off. In the meantime, ETH seized in the PlusToken scam has been transferred to centralized exchanges and is likely to be sold.

Trump-backed World Liberty Financial proposes launching on Aave's Ethereum platform, offering crypto borrowing and lending services

Following the Bitcoin (BTC) dip to $61k, which influenced a similar move on most altcoins, Ethereum (ETH) price dropped around 2 percent in the past 24 hours to trade about $2,394 on Thursday, October 10, during the mid-London session.

Chinese government's sale of 7,000 ETH from seized PlusToken assets sparks market concern over potential liquidation of remaining 542,000 ETH worth $1.3 billion.

The potential sale of the remaining ETH from PlusToken could pose a supply overhang for Ethereum, affecting its already volatile movement in the near future.

Upbit is the largest crypto exchange in the Asian financial superpower of South Korea. The crypto exchange supports 214 coins and 372 trading pairs. It has nearly 5.72M monthly visits and a 24-hour trading volume of $1,184,877,458. In the last 24 hours, the exchange has experienced a 5.6% drop in its trading volume.

A crypto researcher has revealed that the Chinese government transferred 15,700 ETH linked to the multi-billion PlusToken Ponzi scheme from its wallets and 7,000 ETH to crypto exchanges, raising concerns over imminent liquidations.

There is a fear that Ethereum (ETH), which is tied to the notorious PlusToken Ponzi scheme, will eventually be transferred to crypto exchanges. In fact, a small portion is already sent to crypto exchanges, possibly to cash out.