Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC's consolidation?
Michigan's state pension fund invests $11M in Ethereum ETF, marking a significant Ethereum ETF investment milestone in US pensions. The post Michigan becomes first state pension fund to invest in Ethereum ETFs with $11M stake appeared first on Crypto Briefing.
Ethereum ETFs recorded their first State Pension Fund buy, as Michigan scooped shares from two funds offered by Grayscale.
Vlayer, a crypto startup developing "Solidity 2.0" — which adds new functions to Ethereum's smart contract language — has raised $10 million.
The value of the ARK 21Shares Bitcoin ETF shares held by the state's pension fund increased by roughly $1 million since being reported.
The Michigan pension agency disclosed it held about $10 million worth of Grayscale's Ethereum Trust as of the end of the third quarter.
The State of Michigan Retirement System has purchased 460,000 shares of Grayscale Ethereum Trust (ETHE) for roughly $10 million, according to a recent regulatory filing.
Circle advances its expansion into Hong Kong to position USDC at the forefront of Asia's digital finance landscape, aligning with upcoming IPO plans and new stablecoin regulations. The post USDC Issuer Circle Outlines Expansion into Hong Kong, Readies for Public Listing appeared first on Cryptonews.
Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.
As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks.
Ethereum (ETH), the second-largest crypto by market capitalization after Bitcoin, continues to generate significant interest among investors and analysts, especially in light of recent news about its profitability and profit. According to an analysis conducted by the CryptoQuant analyst known as Baykuş, a surprising 79.92% of Ethereum addresses are currently in profit.
Buyers are back in the game at the beginning of the week, according to CoinStats.
The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.
The rates of most of the coins have come back to the green zone, according to CoinMarketCap.
The latest crypto high-profile platform to be targeted by the bad guys is Metawin. According to reports, hackers broke into the withdrawal system of the crypto site and stole more than $4 million worth of digital assets.
TL;DR Last week, digital asset investment products saw inflows of US$2.2 billion, bringing the total to US$29.2 billion so far this year. Euphoria surrounding a possible Republican victory in the US elections drove these flows, although small outflows were seen on Friday as polls changed.
The next decade will bring more institutional adoption for Ethereum, but solving the security concerns of the wider crypto space remains a priority.
Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.
Researchers Justin Drake and Dankrad Feist stirred up controversy in May after revealing they'd received large token payouts from EigenLayer.
This year, 2024, will go down as a very good year for Solana which, on every meaningful metric, has put every other chain in the shade.
Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct.
Solana has dipped by 0.5% today, yet a new craze for Peanut the Squirrel-themed meme coins could help it recover quickly. The post Solana Meme Coin Craze Explodes After Peanut the Squirrel's Viral Story – Will SOL Price Follow? appeared first on Cryptonews.
Solana, Shiba Inu, and XRP are at key levels. Will they break out or face more selling pressure?
A closely followed crypto analyst says there is a good chance that Ethereum (ETH) may enter a final capitulation in the coming weeks.
Sui has emerged as a noteworthy competitor in 2024, recently eclipsing both Solana (SOL) and Ethereum (ETH) in terms of net inflows. This significant achievement not only highlights Sui's growing influence but also raises questions about the future trajectory of its price amidst current market dynamics.
Solana's rapid growth, driven by meme coin trading and user engagement, highlights its competitive edge over Ethereum in user activity and transaction efficiency.
A newly created Gemini multisig custody wallet bets big on four crypto recently, sparking market speculations. The wallet created just 18 days ago, spent more than $113 million to accumulate Ethereum, SHIB, PEPE Coin, and LINK crypto.
Solana's price has slid another 8% over the past week, casting further doubt on its chances of recovering above the $200 mark as 2024 draws to a close.
The low demand for Ethereum among institutional investors will soon change as Bitcoin dominance hovers around a major psychological resistance level.
Solana (SOL) price remains in a consolidation phase, reflecting the broader cryptocurrency market's sluggish momentum. Despite a robust surge last month, SOL has since moved sideways with no clear breakout signals.
Latest updates on the coins BCH, SOL and .
It's called the “UBS USD Money Market Investment Fund Token” or “uMINT.” This fund is based on a technology called blockchain, specifically using Ethereum's distributed ledger technology.
Bitcoin (BTC) briefly fell below $68,000, plunging to a low of $67,574 on Sunday as buyers struggled to hold on to $68,000 following the emergence of mixed signals. The drop marks a significant pullback from above $73,500, with recent daily candles representing considerable selling pressure, indicating a bearish outlook.
All eyes are currently on the world's largest altcoin Ethereum (ETH) as it strongly defends the crucial support levels of $2,400. The Ethereum price reversed its trajectory shooting past $2,500 over the weekend with analysts stating that ETH has taken the perfect support and is gearing up for a nearly 2.5x rally to $6,000 ahead.
Solana's DeFi ecosystem reaches $5.7 billion TVL in Q3 2024, driven by Kamino Finance's growth, high user activity, and increased institutional interest despite fluctuations in DEX trading volumes.
With a bullish failure to sustain the early price to $73,600 last week, Bitcoin (BTC) closed at a 1.18% weekly return at a price of $68,738. The bearish turnaround resulted in a 0.64% decline in the total market and a 4% drop in altcoin market excluding Bitcoin and Ethereum.
Ethereum has factored in a modest price increase of 0.54% in the last 24 hours. The altcoin has failed to show significant price movements after the August market crash.
Onchain data shows that Solana had over 123 million active addresses on the network last month, reaching its highest level.
Long-term holders' confidence in Ethereum could push it to new highs in the coming months.
In an analysis shared on X, popular crypto analyst Gum (@0xGumshoe) is projecting that Solana (SOL) could ascend to $500 by the conclusion of this bull run. This bullish forecast hinges heavily on the outcome of the US presidential election, slated for November 5th, and the potential policy changes that could follow.
Global financial powerhouse UBS Asset Management launched its first tokenized investment fund on the Ethereum blockchain.
Ethereum's recent market activity reveals a holding pattern among large holders, often referred to as “whales.” These influential players have taken a step back as ETH's price remains stuck in a consolidation zone, dampening hopes for a breakout.
A Solana smart whale has once again sparked a buzz across the broader crypto space on Monday, selling nearly $44 million worth of SOL and making colossal profits. Recent on-chain data suggests that a smart whale bagged nearly 0.5 million coins previously, selling some of it now to make massive profits.
Circle, the issuer of the second-largest stablecoin USDC has now declared its intentions to expand into the Asian market just as it gears for its IPO plans. The company is now eyeing an expansion into Hong Kong, amid plans for the region to become Asia's crypto hub.
Popular cryptocurrency analyst Ali Martinez expressed bullish sentiments on Ethereum (CRYPTO: ETH), citing an attractive risk-to-reward ratio. What Happened: In an X post on Monday, Martinez stated his optimism toward the second-largest cryptocurrency, highlighting its potential for a long position.
In the next seven days, the altcoin market will register major token unlocks, which every crypto trader should know and understand to avoid unnecessary traps. According to the aggregate data platform Tokenomist, total token emissions this week could exceed $340 million, and early investors will get hold of their funds.
The unexpected euthanization of Peanut the Squirrel by New York state officials has sparked outrage on social media, leading to a surge in Peanut-themed meme coins.
Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone.