On-chain CryptoQuant analyst Burakkesmeci, states that the total amount of Ethereum (ETH) in accumulation addresses has jumped to over 19 million as of October 18, 2024. This represents a significant rise of 65% in the amount of Ethereum held in these wallets since the beginning of the year, reflecting growing investor interest in the asset.
VanEck has made staking available on its Solana exchange-traded note (ETN) in the European market.
Ethereum (ETH) has emerged as a standout player, with its number of accumulation addresses soaring from 11.5 million in January 2024 to a remarkable 19 million as of now. This surge indicates a growing faith among investors in Ethereum's long-term potential, marking a significant shift in sentiment as the market continues to mature.
Amid bullish predictions for the market's fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now offers an automated staking feature, contributing to SOL's ongoing price recovery. New Staking Rules For VanEck's Solana ETN Matthew Sigel, head of digital asset research at VanEck, revealed that the Solana ETN, which trades under the ticker VSOL and currently has $73m in assets under management, will have rewards accrued and reinvested daily under the new staking rules, with the ultimate aim of attracting more investors and new capital.
Ethereum community discusses reducing staking threshold from 32 ETH to 1 ETH, potentially democratizing network participation and enhancing decentralization, according to Bitfinex.
Solana (SOL) has emerged as a standout performer in the cryptocurrency market, significantly outpacing major rivals like Bitcoin and Ethereum. This resurgence comes as Solana experiences a remarkable recovery from its monthly lows, fueled by increased user engagement, growing transaction volumes, and rising network fees.
The chat-themed token has emerged as one of the top gainers of the day.
Ethereum (ETH) eyes a major breakout with bullish technical setups signaling a potential rally to $3,500 by December and $7,000 in 2025.
The upcoming Ethereum Pectra upgrade, expected in early 2025, aims to enhance user experience and data availability while addressing protocol shortcomings.
American investment management firm VanEck has added staking rewards to its Solana ETN (Exchange-Traded Note) in Europe. This might offer investors a new way to generate passive income.
Solana crypto (SOL) could reach $700 if Donald Trump wins the 2024 presidential election! Here are the experts' insights.
According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.
Ethereum price struggled to continue higher above the $2,750 resistance. ETH started a downside correction and traded below the $2,680 support.
Solana price has declined by 1.56% in the last 24 hours after the Pump fun Fee Account sold 40,000 SOL worth $6.68 million. The sale happened only five hours ago and has added to the market fears on the further price movement of Solana.
Vitalik Buterin, co-founder of Ethereum, recently shed light on the challenges posed by the Proof-of-Stake (PoS) mechanism within the Ethereum network. His insights focus on potential centralization risks and propose solutions to ensure the network's long-term security and efficiency.
Solana (SOL) has finally broken above the $160 resistance, a critical level that has held the price down since early August. This breakout signals a confirmed uptrend, sparking excitement among investors as Solana continues to push higher.
Linea introduces a five-week contest inviting users and builders to showcase their onchain creativity, offering a weekly prize pool of 2.5 ETH.
Leading cryptocurrencies made a sharp U-turn Monday, mirroring the pullback in stocks, as the ‘Uptober' rally takes a halt.
Solana (SOL) has been experiencing a period of sideways trading for the past seven months, a trend that raises questions about the strength of its buyer base and the potential for a price correction. Currently priced around $171, the cryptocurrency has shown a daily increase of 2.84%, yet concerns linger over whether Solana could plummet to $50.
In comparison to its rivals, XRP has been underperforming among the top 10 cryptocurrencies exhibiting the least amount of price movement. The asset has been stuck in a declining range for the past few weeks, unable to break through local resistance levels.
Bitcoin (BTC) continues to demonstrate strength, maintaining a trading price above $68,000, despite the common pattern of reduced trading volumes over the weekend. Meanwhile, analysts are turning their attention to potential upward movements for Arbitrum (ARB) and Ethereum (ETH) in the weeks ahead.
For the first time since September 27, Ethereum has surged past the $2,700 mark and is showing strong signs of maintaining its upward momentum. About ten days ago, ETH dropped below $2,400, sparking speculation that the cryptocurrency might struggle to break out again.
Base, the Ethereum L2 network developed by Coinbase, has experienced major growth in Q3 and through 2024. Over the last day, Base's transactions per second (TPS) increased by 51%, as per L2Beat data.
Asset management company VanEck announced on October 21 that its Solana exchange-traded note (ETN), launched in the European market, has successfully enabled the staking function.
In a recent discussion, Solana's co-founder, Anatoly Yakovenko, raised questions about the vitality of the Ethereum ecosystem without the contributions from Base, a Layer 2 solution. This query comes amidst observing the metrics of growth shown by Base, particularly in user activities and transaction volumes.
Real Vision analyst Jamie Coutts says that Solana (SOL) is likely preparing for its next leg up to higher prices.
The Ethereum price started the new week by extending last week's gains, which kicked off after it bounced off support at $2,350. This run has seen the Ethereum price now pushing towards resistance at $2,800, which the bulls look forward to breaking before the week runs out.
The Solana Price could enjoy a 26x increase from its current price and rise to as high as $4,500. This is based on an analysis of a cup and handle pattern that just formed on the coin's chart.
Solana (SOL) closed the previous week on a bullish note and has continued its upward trend into the new week, with market data highlighting an increase in positive sentiments.
More crypto ETFs might not ever be approved if Kamala Harris wins the presidential election.
Ethereum (ETH) has been making headlines as its price climbed past a crucial resistance level, signaling renewed investor interest and potential for further gains. Over the past week, Ethereum has consistently tested the resistance around $2,650, and after days of buildup, the cryptocurrency successfully broke through.
Bitcoin approached $70,000 at the start of the Asian morning before retreating and the jump led to gains among the broader crypto markets. Ethereum creator Vitalik Buterin proposes the 'Scourge' upgrade amid centralization risks.
Scroll Layer-2 protocol has released the tokenomics of its first airdrop campaign to reward early contributors.
Solana meme coin factory Pump.fun launched a new trading bot—and revealed that it will launch a token with a likely airdrop attached.
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The crypto market is gradually restoring its ‘Uptober' sentiment as Bitcoin prices drive a high momentum rally towards $70,000. This renewed momentum has led crypto analysts to predict a bottom formation for Ethereum with a potential surge towards $4,000.
VanEck has launched staking for its Solana exchange-traded note (ETN) VSOL in the European market. Matthew Sigel, head of digital asset research at VanEck, confirmed the rollout on Oct. 21.
As VanEck's Solana ETN begins offering investors passive income in the EU, the asset manager awaits input on an application in the U.S.
The asset has outperformed Bitcoin in the past seven days.
VanEck just activated staking for its Solana exchange-traded note (ETN) in Europe, and it's now managing $73 million in assets. Staking lets investors earn rewards without extra effort.
Since the Fed's rate cut last month, Bitcoin has outpaced Ethereum, driven by stronger demand and institutional adoption, analysts said.
Here's why some analysts are bullish on ETH and a likely swing above $3K.
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Solana whales now control 57% of the supply, as Open Interest spikes by 40% to
VanEck introduces automated Solana staking in its ETN for European investors, offering daily rewards and enhanced security. The post VanEck introduces Solana ETN staking to European investors appeared first on Crypto Briefing.
After 17 consecutive weeks of inflows, multi-asset products faced outflows of $5.3 million.