Ethereum core developer Tim Beiko announced today that the Pectra upgrade will move forward with key testnet forks in February and March, setting the stage for the upgrade's eventual deployment on the Ethereum mainnet. Ether's Pectra Upgrade Nears According to Beiko's post on X, the Holesky testnet will fork at slot 3,710,976 on Feb.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Ethereum (ETH) appears to be gearing up for a major breakout, with its market structure closely resembling Bitcoin's (BTC) past cycle.
Ethereum's (ETH) recent price struggles haven't stopped institutions from accumulating coins, with major entities moving significant holdings from exchanges. The second-largest cryptocurrency by market capitalization has gone up by 0.3% since rebounding from recent lows and reclaiming the $2,650 level.
Blockchain analytics reveal bitcoin and ethereum reserves on centralized exchanges have plummeted precipitously since late January, with holdings persisting at lows not witnessed in years.
Novogratz offered his perspective for why ETH has underperformed in recent months when compared to assets like BTC and SOL.
Although it is undeniable that President Donald Trump has been active with regard to cryptocurrencies since taking office, his engagement so far has, arguably, not been as many in the community had hoped.
Michaël van de Poppe sees Bitcoin hitting $500K and Ethereum surpassing $20K, fueled by institutional adoption and macroeconomic shifts.
Ethereum's highly anticipated Pectra upgrade is set to go live, with key testnet fork dates now announced. According to expectations, Pectra will first launch on the Holesky and Sepolia testnets before an official mainnet deployment is scheduled.
TL;DR ZetaChain now supports Solana, enabling dApps that natively integrate Solana, Bitcoin, and Ethereum. Developers can create decentralized applications that operate with native SOL and SPL assets alongside tokens from other chains, without requiring bridges. This integration ensures a seamless experience across these three blockchains, enhancing interoperability without unnecessary complexity.
Solana has completed an entire calendar year without a block production failure. This marks a notable improvement in network stability, especially given its past performance issues.
With the general crypto market still facing heightened volatility, Ethereum has once again failed to reclaim the pivotal $3,000 price level. Bearish pressure continues to linger in its price action, leading to speculations about its potential in the short term.
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As the market struggles to gain momentum, the Solana price also appears to have lost ground as the bears are constantly suppressing the levels below $200. This could appear a bearish signal for many as the momentum is weak, accompanied by a significant drop in the trading volume.
The widely followed cryptocurrency analyst Benjamin Cowen is warning that Ethereum (ETH) could slide further against Bitcoin (BTC). In a new video, Cowen tells his 866,000 YouTube subscribers that Ethereum could continue falling against Bitcoin if the US monetary policy remains restrictive.
Solana price has pulled back after soaring to $295 in January as its ecosystem and the broader crypto industry lost momentum.
Ethereum is trading in the $2.8K zone. The market saw $33.60 million worth of Ethereum liquidated.
Bears are controlling the initiative on the market today, according to CoinStats.
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TL;DR Solana dominates the retail market: It has surpassed Bitcoin and Ethereum in active addresses and transaction volume, with a 477% surge in memecoins. ETFs drive liquidity shifts: Bitcoin ETFs hold over 515,000 BTC, impacting prices and volatility. Ethereum is gaining institutional traction.
Solana has fallen by 2.5% today, yet one new Solana-based token promises to deliver massive gains when it lists in the next few weeks. The post Solana Revenues Skyrocket to $840 Million – Could SOL Price Hit $1,000? appeared first on Cryptonews.
According to Ali Martinez, capital continues to flow out of Bitcoin and Ethereum into stablecoins, with no clear signs of an upcoming altseason.
The cryptocurrency market is recognized for turning minor investments into considerable riches. Early investment in promising tokens has historically provided substantial returns.
Solana's price action hangs on critical resistance levels, with traders watching closely for direction.
Leading altcoin Ethereum has faced a series of headwinds over the past few days. With heightened market volatility and significant liquidations, ETH remains under bearish pressure.
Analytics provider Santiment data shows in a recent report that despite high volatility in crypto markets, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other assets remain key discussion topics across social media. What Happened: In a post on X on Wednesday, the firm highlighted that Bitcoin remains the dominant subject, with traders dissecting its price action, institutional flows and market positioning.
Significant ETH outflows from derivative exchanges indicate reduced short-term sell pressure as traders close positions or move to cold storage.
Ethereum (ETH) has experienced significant volatility this week, following a sharp dip to a five-month low of $2,160 earlier this week. While ETH has since recovered to around $2,760 at the time of writing, the current rebound may not be sustainable.
Ethereum‘s (CRYPTO: ETH) dominance in the cryptocurrency space is facing a significant challenge, with analysts at JPMorgan suggesting that increased competition from rival blockchains is eroding its market share and threatening its long-term prospects. What Happened: According to a report led by JPMorgan's managing director Nikolaos Panigirtzoglou, ETH has underperformed both Bitcoin (CRYPTO: BTC) and a range of alternative cryptocurrencies since the recent U.S. election, signaling a worrying trend for investors, The Block reported on Thursday.
Solana (SOL) has not suffered a consensus failure since February 2024, though the network has encountered other sources of transaction delays.
Ether ETFs have now seen five consecutive days of inflows, adding $18.11 million, while bitcoin ETFs recorded a net inflow of $66.37 million. Bitcoin ETFs See Another Day of Gains While Ether ETFs Mark Five Days of Inflows Bitcoin and ether exchange-traded funds (ETFs) continued to draw investor interest on Wednesday, Feb.
Amid the chances of a bullish crypto market comeback, Ethereum aims to reclaim the $3,000 mark. Driving the bullish hopes, Whales and ETF take the stage. Will this boost drive the ETH price higher to the $3,700 mark?
Ethereum's netflow has turned negative, with over -60k ETH withdrawn from exchanges.
Burwick Law accuses Pump.fun of creating tokens to intimidate clients, interfering with legal proceedings and disrupting justice.
The crypto market is marginally down, with price action remaining mixed. Bitcoin (BTC) has slipped below $98,000 over the past 24 hours.
Ethereum has mounted a recovery above $2,650 following a sharp decline to $2,120, though it faces technical resistance at $2,840
Solana completed its most successful quarter at the end of 2024, driven by app revenues that surpassed the performance of Ethereum (ETH).
Is Solana (SOL) set for a comeback or heading for more losses? After dropping from its recent highs, SOL is now testing key support levels.
Solana is not out of the woods, but some signs show that the SOL price rebound might finally be here. While the digital currency has dropped by 1.58% over the past 24 hours, its growth trend shows optimism.
Analysts attribute ether's underperformance to growing competition from Solana and Layer 2s, and its lack of bitcoin's store-of-value appeal.
For the year, Ethereum (ETH 3.38%) is now down 17%. That includes a flash crash in early February when the world's second-largest cryptocurrency lost 20% of its value literally overnight.
Solana (SOL) price has dropped 15% over the week, testing crucial support at $200 for the third time in three months.
Solana's network achieved record-breaking performance in Q4 2024 with $840 million in application revenue, marking a 213% quarterly increase and establishing itself as the second-largest DeFi network.
The crypto politics that shaped recent years came to an abrupt end in July, when Donald Trump took the stage at the Bitcoin Conference in Nashville. His speech was bold, fresh, and revolutionary.
Ethereum price surged 4% today, defying the broader market selling pressure and trading around $2,850 levels. Despite the current underperformance, the institutional interest in ETH continues as the CBOE Exchange filed for options trading for spot Ethereum ETF on Wednesday.
Solana price, a Layer 1 blockchain asset, remains around the $200 mark, struggling to recover from the recent market downturn. SOL continues to face selling pressure as broader crypto market corrections weigh on its momentum.
The top 10 cryptocurrencies by market cap have been trading sideways, with no significant price moves over the past 24 hours, according to CoinMarketCap.