Cryptocurrency markets are trading 5.9% higher to $2.19 trillion as crypto short liquidations spiked to the highest level since Aug. 23. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,485.74 +5.3% Ethereum (CRYPTO: ETH) $2,467.60 +6.6% Solana (CRYPTO: SOL) $143.74 +10.8% Dogecoin (CRYPTO: DOGE) $0.1062 +5% Shiba Inu (CRYPTO: SHIB) $0.0000142 +6.3% Notable Statistics: IntoTheBlock data shows a 1% drop in large transaction volume and a 5.7% decline in daily active addresses.

It appears that Ethereum (ETH) is ready to take off, as investors' and traders' interest has skyrocketed in the past few days. On September 19, 2024, the on-chain analytic firm Lookonchain posted on X (Previously Twitter) that Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price surged.

Ethereum holders are definitely being tested by some tough times, with recent price action failing to create a bullish perspective for the digital asset. One of the major disappointments has been the performance of spot Ethereum exchange-traded funds (ETFs), which were launched in the U.S. with great fanfare.

Bitwise Investments' Chief Investment Officer, Matt Hougan, has shared his thoughts on Ethereum's current state, highlighting that it's not popular in the market right now. According to Hougan's memo, the Ethereum-to-Bitcoin price ratio has fallen to its lowest in three years, with Ethereum flatlining on a year-to-date basis while Bitcoin has surged by 38%.

Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.

Banana Gun, a Telegram-based trading bot, was compromised on September 19, leading to major losses for its users.

After a brutal 45% plunge triggered by Binance's actions, Neiro Ethereum (NEIRO) is making a remarkable comeback. The meme coin has surged by an impressive 51% in the past 24 hours, outpacing the broader meme market.

Ethereum developers agreed to take a multi-phase approach in implementing the highly anticipated ‘Pectra' upgrade during the latest Consensus Layer Meeting on Sept. 19. The decision comes after growing concerns about the complexity of delivering the upgrade in one release, which increased the risk of technical issues and bugs.

Matt Hougan, the Chief Investment Officer of Bitwise, expressed concern over the market's tendency to overlook Ethereum (ETH) amidst its current underperformance. Despite the digital asset's decline to multi-year lows, Hougan remains optimistic about a future rebound, particularly following the upcoming U.S. elections and potential regulatory clarity in the decentralized finance (DeFi) space.

The Banana Gun trading bot suffered a major security breach, resulting in $1.9 million in stolen funds and a steep decline in its token price.

Bulls are back in the game, according to CoinStats.

Ethereum developers have decided to split the upcoming 'Pectra' upgrade into two parts. This move comes after realizing that the project had grown too big

According to recent data from Lookonchain, a wallet associated with Ethereum (ETH) cofounder Vitalik Buterin, has once again made a large Ethereum transfer. And once again, this transfer looks like a cashout by the visionary behind the major altcoin.

Commerzbank offers crypto trading services via Crypto Finance. The service will start with Bitcoin and Ethereum, aimed at specific corporate clients of Commerzbank in Germany.

Ethereum's bearish trend continues, with ETF outflows and potential price decline looming.

After days of challenging conditions, the crypto market has finally lifted in terms of a bullish push. Today has been the most promising, with a 3.82% increase in the global market capitalization, bringing it to a total of $2.15 Trillion.

A Vitalik Buterin-linked wallet has moved 1,300 Ethereum, worth $3.17 million, to another wallet. The wallet has initially received 700 ETH from another wallet, which is suspected to be associated with Buterin or his relative or friend.

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.

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?

Key points:

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.