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news-imageMarch 23, 2025

Fidelity launches ‘OnChain' Ethereum-tracked shares for Treasury money market fund

Fidelity will maintain traditional book-entry records as the official ownership ledger, though the share transactions will also be recorded on Ethereum.
Publisher: The Block
Sentiment: Positive
ETH

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cover-imageCryptonews
March 25, 2025

Analysts Say Ethereum Struggles as Competition Intensifies: FT

Ethereum faces growing competition from faster, cheaper blockchains as experts warn of declining momentum and investor interest. Analysts cite shifting activity to Layer 2 networks, weakening DeFi prospects, and rising speculative trends like memecoin trading as key challenges. The post Analysts Say Ethereum Struggles as Competition Intensifies: FT appeared first on Cryptonews.

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cover-imageThe Cryptonomist
March 25, 2025

Hacker attack on Abracadabra.Money: 13 million dollars in ETH stolen

Abracadabra.Money, a decentralized lending platform, experienced a cyber attack that resulted in the loss of approximately 13 million dollars in Ethereum (ETH). The attack, aimed at pools linked to GMX tokens, has raised questions about the security of the platform. However, GMX has denied any vulnerabilities in its smart contracts.

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cover-imageThe Daily Hodl
March 25, 2025

Whales Abruptly Deposit Ethereum Altcoin to Binance and OKX, Causing Price To Plummet 50%: On-Chain Data

Deep-pocketed traders triggered a price crash over the weekend after depositing a huge chunk of an altcoin's supply to digital asset exchanges. According to blockchain tracking firm Lookonchain, whales in the Bounce (AUCTION) market have been greatly influencing the altcoin's price action for the past week, causing massive swings in both directions.

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