The Federal Reserve's latest rate cut has sent Ethereum (ETH) soaring. Trading at $2,428 as of this writing, the altcoin's value has spiked by over 5% in the past 24 hours.

The decision to split up the upgrade wasn't unexpected. Developers had been discussing previously that Pectra was becoming too ambitious to ship all at once, and expressed desires to split it in order to minimize the risk of finding bugs in the code.

It was a sea of green in the cryptocurrency industry after the jumbo interest rate cut by the Federal Reserve. Bitcoin (BTC) led the gains, cruising above the important resistance point at $63,000 for the first time since Aug. 27.

Ethereum is seeing an increase in network demand after it added more capacity with network fees up from the base minimum of 1 gwei to currently about 25 gwei for a simple transfer.

Bybit's support for Ethereum's Attackathon underscores the growing emphasis on security and innovation in the crypto industry. The post Bybit backs Ethereum's first Attackathon with 75 ETH commitment appeared first on Crypto Briefing.

On a larger scale, Ethereum's price has been declining, almost clearing all of its gains since the beginning of 2024. Yet, things might be about to change soon, which was hinted at in the developments in the past 24 hours.

Solana mirrors Ethereum's position from three years ago. If the trend persists, SOL could eclipse ETH's market cap.

After trading under an intense bearish sentiment for a brief period, the Fantom price has recorded a strong bullish reversal amid ongoing cross-border market recovery. Moreover, with a 60% surge within 30 days, investors are curious about the possibility of it achieving the $1 mark.

The ongoing price recovery of Ethereum (ETH) might be derailed if investors price in a likely dump from the coin's Initial Coin Offering (ICO) era. Per data from crypto analytics platform Lookonchain, 10,000 ETH is on the line if this whale chooses to sell.

The supply of Ethereum on centralized exchanges has remained stagnant since March this year, despite the approval of US spot Ether ETFs.

So far, 36 victims suffered losses amounting to nearly $1.4 million worth of Ether.

Bitcoin and Ethereum ETFs recorded significant net outflows, despite the U.S. Federal Reserve's announcement of a 50 basis point rate cut. What Happened: Bitcoin (CRYPTO: BTC) spot ETFs had a net outflow of $52.827 million, the first outflow after four days of inflows.

With the crypto market experiencing an increase in price action, altcoins have regained momentum by recording significant price volatility in their respective valuations. Moreover, with the rising whale/institutional activities, the on-chain data shows an increase in the accumulation of top tokens.

Germany's Commerzbank is set to launch Bitcoin and Ethereum trading to its customers. The Geman Bank will offer these crypto trading services through Crypto Finance, a subsidiary of Deutsche Börse.

An ancient Ether whale recently became active and went on a spelling spree. Most of the address' ETH sell-off came in when ETH was dealing with heavy selling pressure.

US investors were in a withdrawal mode yesterday.

Blockdaemon's VP Andrew Vranjes indicated that Hong Kong regulators could greenlight staking features for spot Ethereum ETFs by the end of this year.

The attacker has transferred more than 42,500 ETH ($100 million) to Tornado Cash so far, according to the on-chain analytics platform Arkham.

Commerzbank's entry into crypto services signals a growing institutional acceptance and integration of digital assets in traditional finance. The post German banking giant rolls out Bitcoin, Ether trading and custody services appeared first on Crypto Briefing.

Ethereum (ETH) looks to have found a bottom at long last. $2,000 may well have been that bottom, and $ETH is now starting to claw its way back up.

According to blockchain analytics platform Spotonchain, an ancient Ethereum whale has quietly offloaded 24.7 million ETH, raising eyebrows in the crypto community. With this whale making major moves, traders are closely watching what might come next for Ethereum. Meanwhile, ETH's price surged 5.24%, reaching $2,445 and pushing its market cap to $293.4 billion.

In a new twist of events concerning the WazirX hack, the hackers have switched $32M worth of stolen Ether (ETH) through the Tornado Cash. Since Monday, $15,000 ETH has been shifted with three tranches of 5,000 ETH transferred over the past 4 days as per the Peckshield alerts.

Binance's rebuttal comes amid growing frustration over the stolen funds.

The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.

The service will be offered to existing Commerzbank corporate clients in Germany, and will start with bitcoin and ether trading.

Ether has bounced off its 200-week simple moving average, reinforcing long-term support.

Ethereum based Layer 2 solutions are all the rage, how can you invest in this lucrative market? What are the top 5 Ethereum Layer 2 projects?

The crypto market surged following the Federal Reserve's interest rate cut, with major cryptocurrencies experiencing rallies. However, the long-term outlook remains uncertain.

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Rep. Ritchie Torres (D-NY), one of the strongest pro-crypto voices within the Democratic Party, recently spoke about the legal status of Ethereum (ETH) during a congressional hearing, arguing that the second-largest cryptocurrency should not be classified as a security.

Animoca Brands moved Pixels (PIXEL) tokens to Binance, potentially realizing $2.44M in sales. The gaming company and VC fund was a leading backer for the Pixels seed round.

Jeff Garzik, well-known Bitcoin Core developer, has announced that he has closed a round of funding to build the Hemi blockchain.

WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance - a statement the latter has denied.

Blockdaemon's head of international said his team is working with Hong Kong spot crypto ETF issuers to develop staking solutions.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, heads into a trying period with its decentralized application activities going down notably.

Recently, a high-profile investor has made headlines for losing nearly $49 million after betting that Ethereum (ETH) would outperform Bitcoin (BTC). This incident underscores the unpredictable nature of the crypto market and serves as a cautionary tale for investors navigating these tumultuous waters.

As Bitcoin's (BTC) price crossed the crucial milestone of around $62k for the first time in September, following the high-impact news from the Federal Reserve, the attention on the altcoin market significantly increased in the past 24 hours.

Bitwise Chief Investment Officer Matt Hougan dubbed Ethereum (ETH) the ‘Microsoft of blockchains', adding that none of the smart contract platform's challenges are existential. Ethereum Has Challenges, But None Of Them Are Existential In a recent memo titled ‘A Contrarian Bet on Ethereum', Hougan highlighted the tumbling ETH/BTC trading pair, indicating the weakening Ethereum price versus Bitcoin (BTC).

Ethereum price started a fresh upward move above the $2,335 resistance. ETH is now aiming for more upsides above the $2,420 resistance.

Binance launches promotions for FIL and ETH Simple Earn Products, offering up to 799 USDC rewards and special APR rates.

Bitwise exec was confident that ETH price will recover stronger after U.S. elections and regulatory clarity in the DeFi space.

Ethereum (ETH) holders appear to be adopting varying strategies amid ongoing market uncertainty, latest data from CryptoQuant shows. Particularly, according to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Darkfost,' a noticeable shift in ETH's investor behaviour is taking place.

Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise's Matt Hougan.

The Federal Reserve implemented its first rate cut since March 2020. The move aimed to combat inflation and economic concerns.

Data shows the Ethereum ecosystem has continued to remain number one in terms of development activity, ahead of the likes of BNB and Polygon. Ethereum Ecosystem Saw 0.

Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up.

Hougan describes Ethereum as "the Microsoft of blockchains."

Ethereum's 2024 triple bottom mirrors 2021, with critical resistance and network activity in focus.