The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.

US-based crypto exchange Kraken has launched its own blockchain network, Ink. According to the official announcement, the network, which would be an Ethereum Layer-2 network, would be built using Optimism OP Stack and open to the public by 2025.

Bitcoin (BTC) has recovered after facing significant selling pressure. On the 23rd, it dropped to a day low of $65,198 before recovering and pushing back above $67,000.

Ethereum may drop further, but long-term prospects remain bullish for recovery.

Crypto exchange Kraken announced the upcoming launch of Ink, an Ethereum layer-2 network based on the Optimism Superchain, in an Oct. 24 statement. Ink aims to empower users to trade, borrow, and lend tokens without the need for intermediaries, marking a significant shift from Kraken's current centralized exchange model.

BOB, a project built on Bitcoin, is s making headlines with its bold plan to make Bitcoin the leader in decentralized finance (DeFi). By introducing a unique bridge to Ethereum, BOB is set to use Bitcoin's unmatched security and liquidity to challenge platforms like Ethereum and Solana, aiming to take over the DeFi space.

Vitalik Buterin, co-founder of Ethereum, recently surprised the crypto community with a major announcement: a fourfold reduction in gas fees on the Ethereum network. This initiative aims to make transactions more cost-effective and improve the efficiency of the network, marking a crucial step for the Ethereum ecosystem.

TL;DR The Orbs Liquidity Hub has launched on QuickSwap, Polygon's largest DEX, thanks to community support. This integration allows Ethereum users to access deep liquidity without the need to create liquidity pools directly on the chain. Orbs uses a network of solvers to offer competitive pricing, integrating with platforms such as ParaSwap and Odos.

Vitalik Buterin claims Ethereum's next upgrade could allow node operation on low end devices.

Built using the OP Stack, Kraken's Ink follows the lead of rival crypto exchange Coinbase's launch of Base in 2023.

TL;DR The amount of staked Ether has reached a new high, surpassing 34 million. Excessive staking of Ether could lead to problems on the Ethereum network, such as failed transactions. Experts suggest that the ideal of Ether staking has been surpassed, which could affect the security and functionality of the ecosystem.

Binance has BNB Chain, Coinbase has Base, OKX has the X Layer and now Kraken has Ink.

India is considering banning cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in favor of its own central bank digital currency (CBDC), with key regulatory institutions advocating for the move. This comes as the government is preparing a discussion paper on the future of crypto regulation in the country.

Kraken's Ethereum layer-2 network Ink is built on Optimism's OP Stack, the same tech that powers Base, Unichain, and World Chain.

Ethereum (ETH) price today today trades at after hitting a daily high of on . ETH price is up % as of.

Ethereum's gas fees have been a headache for a long time, especially during high traffic. Now, Vitalik Buterin, Eth's co-founder, is suggesting a fix to make transactions faster and cheaper.

Ethereum (ETH) has recently faced a notable price slump, prompting discussions about whether this downturn is a temporary setback or indicative of more significant challenges ahead. Over the past 24 hours, ETH has experienced a 2.70% decline, entering what traders refer to as a “retracement.

ETHcoin was promoted by Machi Big Brother just minutes after its launch. He is also among the biggest miners, taking 20% of block rewards, despite claiming no insider knowledge.

The altcoin market is transforming, heralding a new era that puts Solana at a crucial turning point.

Aragon Association allows ANT holders to redeem tokens for ETH at a fixed rate through Binance. The redemption process will be completed by November 8, 2024.

The market might be in sell-off mode, but top market whales are finding a way to cash in on already accrued gains. As shared by crypto analytics platform Lookonchain, an Ethereum ICO participant has initiated a new sell-off transfer, adding to the broader market sell-off pressure.

An Ethereum whale who participated in the ICO has sold 3,000 ETH, worth $7.64 million, raising concerns about what might happen next to Ethereum's price. The last time this whale sold a large amount, ETH's price fell by 15%.

After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out.

While most of the altcoins have been trying a push upside, the Ethereum (ETH) price has continued to move sideways flirting around $2,550 levels. The ETH/BTC pair has also been heading lower hitting the lowest levels since 2021.

Solana (SOL) is becoming the Ethereum of this bull market. Up 30% against its USD pair since early October, $SOL is the gains leader among the top 50 cryptocurrencies by market capitalization.

Base, an Ethereum Layer 2 (L2) scaling solution, is set to implement a significant upgrade with the introduction of fault proofs on October 30, 2024.

TL;DR Significant Fee Reduction: Vitalik Buterin's proposal aims to cut Ethereum gas fees by up to 80%, making transactions more affordable for users. Efficiency and Speed: The changes focus on improving transaction processing efficiency, potentially increasing Ethereum's transaction speed by up to five times.

On Oct. 24, blockchain security firm PeckShield reported that the Radiant Capital hacker had transferred nearly all of the stolen funds from Arbitrum and Binance's BNB Chain into the Ethereum network. The funds, valued at approximately $52 million, totaled 20,500 Ether. This development follows the Oct.

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

Ethereum co-founder Vitalik Buterin has recently shared a plan to improve the gas fee structure that can boost ETH's transactions per second (TPS) by 1.5x amid the rising competition from the Solana blockchain. Buterin said that this would help to improve the transaction efficiency without compromising the network performance.

It will be possible to perform stateless verification that does not require storing the entire blockchain.

Solana continues to offer the best returns in the crypto market, surpassing even the performance of Bitcoin and Ethereum.

Ethereum price has been dropping for the third day in a row after failing to break past the $2,700 mark.

Blockchain forensic firm PeckShield discovered wallets belonging to Radiant Capital's exploiter transferred $52 million funds into the Ethereum network. In an Oct.

High gas prices have historically been a problem for Ethereum during times of high demand. These charges, which are a result of network congestion, have been an ongoing issue.

Orbs, a Layer-3 (L3) blockchain infrastructure provider, has announced that its Liquidity Hub is now integrated with QuickSwap, as reported to Finbold on Thursday, October 24.

Ethereum co-founder Vitalik Buterin has just announced an Ethereum upgrade which aims to make blockchain verification mainstream.

Ethereum's next upgrade, “The Verge,” will drastically reduce hardware requirements, making node operations accessible on everyday devices like phones and smartwatches.

On Oct. 23, the ETH/BTC pair reached its lowest level since April 2021, plunging to just 0.0375 BTC. It has now fallen by 55% from its record high.

The Ethereum network continues to grow steadily, reaching new highs in validators and staked Ether this year, but this might not be the best outcome for the ecosystem going forward.

The Ethereum fear, uncertainty, and doubt within the crypto community is still high as the asset continues to slide.

The cryptocurrency market is facing sustained selling pressure, leading to a shift in overall sentiment towards a downtrend. However, Solana (SOL), the fifth-largest cryptocurrency by market capitalization, is beating the trend as it gains attention from investors. Despite the bearish environment in the crypto market, SOL prices jumped 5% over the last 24 hours.

The world of cryptocurrency is dynamic and ever-evolving, and one of the most significant developments in recent months has been the meteoric rise of Tether (USDT). As of late October 2024, USDT's market capitalization has surpassed a staggering $120 billion, solidifying its position as the leading stable coin in the crypto market.

Here's why BitBoy believe XRP could flip ETH by 2025 and front a 30X price rally to $15.6.

Ethereum Layer-1 competitor Solana (SOL) is making waves with a rapid surge of daily revenue on the platform. As a result, the SOL price has shot up 5.62% as of press time moving all the way to $174 and a market cap of $82 billion.

Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and faces many hurdles near the $2,550 level.