Galaxy's token swap may reflect bearish sentiment around Ethereum, marked by a significant price correction and waning investor confidence.

Ethereum is once again in the news, but this time it is not because of bullish sentiment but rather because of a huge surge in whale activity that could signal a major sell-off. Two well-known Ethereum owners made calculated and possibly game-changing decisions in a few short hours.

A large Ethereum transfer from a foundation-linked wallet to Kraken has sparked fears of increased sell pressure amid ongoing price weakness.

Mike Novogratz's Galaxy Digital has reportedly executed a significant swap, transferring approximately $100 million worth of ethereum for solana. According to a post from Wu Blockchain, onchain data from Lookonchain reveals that Galaxy Digital transferred 65,600 ETH, valued at around $105 million, to Binance over the past two weeks.

As per Lookonchain Data, Galaxy Digital's recent actions suggest a strategic shift from Ethereum to Solana. Over the past two weeks, the firm deposited 65,600 ETH (worth $105.48M) to Binance—likely for selling—and withdrew 752,240 SOL (worth $98.37M), indicating fresh accumulation.

Digital asset investment products recorded modest net inflows of $6 million last week, reflecting an overall mixed investor sentiment, according to the latest CoinShares report. What Happened: The report highlights regional divergences and asset-specific trends, as investors responded to stronger-than-expected U.S. economic data and shifting macro conditions.

PlanB has reignited criticism of Ethereum's decentralization, governance, and technical architecture as the Ethereum Foundation reorganizes.

According to TradingView data, the ETH/BTC exchange rate recently dropped to 0.01791, marking its lowest level since 2020.

Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum.

Polygon-based non-fungible tokens (NFTs) took the top spot in digital collectible sales after surging 20% in the last seven days. On April 22, NFT data tracker CryptoSlam showed that Polygon NFTs overtook Ethereum, reaching a $22.3 million volume in the past week.

Galaxy Digital, one of the leading asset managers in crypto, shifted positions from Ethereum (ETH) to Solana (SOL).

Galaxy Digital, led by Mike Novogratz, has reportedly exchanged over $100 million worth of Ethereum (ETH) for Solana (SOL), signaling a notable shift in institutional crypto strategy. On-chain data from Wu Blockchain indicates that Galaxy moved 65,600 ETHaround $105 millionto Binance over the past two weeks, while simultaneously withdrawing approximately 752,240 SOL, valued near $98.4 million.

Ethereum co-founder Vitalik Buterin has proposed a major shift in the blockchains technical infrastructure by replacing the Ethereum Virtual Machine (EVM) with RISC-V, an open-source architecture praised for its built-in encryption and scalability benefits. Shared over the weekend on Ethereums core developer forum, the proposal could mark a pivotal change in how Ethereum executes smart contracts.

Ripple's RLUSD stablecoin goes live on Aave V3 with minimal activity, aiming to boost enterprise adoption and DeFi integration across platforms.

Galaxy Digital sells over $105M in Ethereum to buy Solana as ETH drops 50% YTD. Here's why institutions are shifting and what whale activity reveals about Ethereum's future.

Ethereum maintains bullish structure above $1,550 support despite recent pullback from $1,650, with analysts projecting potential rallies to $2,700-8,000 through 2025.

Ethereum Foundation sent 1,000 ETH to the Kraken exchange on April 22, likely to sell. This could lead to a potential drop in price.

Ethereum is quickly losing ground to Bitcoin, with the ETH/BTC ratio falling to its lowest level in five years. According to CoinGecko data, the ETH/BTC ratio now stands at 0.01787, a level not seen since January 2020.

Ethereum still has its scalability issue. It can only handle 14-15 TPS.

According to on-chain data reported by Wu Blockchain, Galaxy Digital transferred 65,600 ETH, equivalent to approximately 105 million dollars, to Binance and subsequently withdrew 752,240 SOL, valued at approximately 98.37 million dollars. This operation represents a clear signal of strategy change by the company, which seems to want to reduce its exposure to Ethereum to decisively focus on Solana, a blockchain that in recent months has shown signs of steady and robust growth.

Bitcoin (BTC) held steady above $88,000 early Tuesday as the Japanese yen crossed the psychological level of 140 against the U.S. dollar, as tariff concerns and risks of a Federal Reserve chairman shuffle in the states broadened the appeal of safe-haven assets.

A Morgan Stanley analyst has issued a major warning that may impact risky assets, including stocks and cryptocurrencies such as Ethereum, Jasmy, Cardano, Kaspa, and PEPE. His statement came as these tokens attempted to bounce back. The Ethereum (ETH) price has risen to $1,575, a slight increase from the year-to-date low of $1,385.

Mike Novogratz's Galaxy Digital has apparently swapped $100 million worth of ether (ETH) for solana's SOL.

Fresh on-chain data suggests Galaxy Digital may be offloading its Ethereum (ETH) holdings on the Binance exchange. Per the data, the company is pitching its tent with Solana (SOL), stacking up nearly $100 million worth of SOL over two weeks.

A breakout isn't completely out of the question.

Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance.

Ethereum, the second-largest cryptocurrency by market capitalization, is once again in the spotlight following a bold proposal from its co-founder, Vitalik Buterin. The post Could Vitalik's New Code Idea Send Ethereum Soaring? What Traders Should Know appeared first on Cryptonews.

Ethereum is approaching a major resistance near $2,330 as whale exits and fee collapse raise doubts.

USDC's supply has risen to just under $61 billion as of April 19, up from $44 billion at the start of the year.

The Ethereum Foundation is realigning its developmental strategy to address core protocol efficiency and user experience challenges, following recent leadership changes earlier this year.

With a recent significant technical advance, Shiba Inu may be about to start a long-awaited bull run. The 50-day Exponential Moving Average (EMA), a crucial resistance level that frequently serves as the first gate to trend reversals, has finally been reached by SHIB after weeks of consolidation and muted price action.

This is a major win for Solana as its utility spreads across the board.

The ETH ETF performance stands in stark contrast to Bitcoin ETFs, which have managed to maintain a stronger grip on AUM despite market volatility.

The crypto market has started the week on a bullish note, registering a jump of over 2% and rising to $2.75 trillion as cryptocurrency prices registered a sharp increase thanks to a perceived threat to the Federal Reserve's independence after President Trump's comments on Fed Chair Jerome Powell.

Coinbase has obtained internal documents from the U.S. Securities and Exchange Commission concerning the agency's investigation into Ethereum 2.0, following a Freedom of Information Act lawsuit.

Cryptocurrency markets ticked higher on Monday as Bitcoin's performance drew attention from commentators eyeing a shift in macro sentiment. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $86,937.92 +2.8% Ethereum (CRYPTO: ETH) $1,572.74 -0.5% Solana (CRYPTO: SOL) $135.64 -0.6% XRP (CRYPTO: XRP) $2.07 +0.8% Dogecoin (CRYPTO: DOGE) $0.1570 +1.9% Shiba Inu (CRYPTO: SHIB) $0.00001236 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 11.3% and daily active addresses falling by 10.3%.

In a notable reversal of market trends, Cardano (ADA) has emerged as the frontrunner for institutional investment in the cryptocurrency space, outpacing industry giants Bitcoin, Ethereum, and Solana in recent weeks.

USDC's accelerated growth appears increasingly tied to its regulatory clarity and institutional appeal, particularly as Circle advances plans for a potential IPO.

Ethereum co-founder Vitalik Buterin shared a new proposal over the weekend that would radically overhaul the system that powers its smart contracts.

Crypto analyst Incognito has predicted that the Ethereum price could soon rally to as high as $2,700. This bullish prediction comes despite ETH's underperformance so far, with the altcoin's market share already dropping to new lows.

Ethereum Foundation (EF) co-executive director Tomasz Stanczak has announced that Vitalik Buterin will focus on the extensive Layer 1 scaling roadmap. The Ethereum co-founder recently published insights towards community proposals on privacy and zkVMs, aligning with the decision.

Vitalik's RISC-V proposal could speed up ZK-proof generation by 100 times, without disrupting current smart contracts.

Ethereum slipped back below the $1,600 mark today after briefly peaking at $1,653 earlier in the day.

Ethereum and XRP are showing signs of renewed strength. Ethereum has triggered a bullish triangle breakout, with analysts now watching for a push toward the $2,000 mark. Meanwhile, XRP is hovering near key support levels that could define its next pivot.

Ethereum and the broader crypto market experienced a small but notable pump yesterday, reigniting hopes of a potential trend reversal after weeks of sustained selling pressure. As market uncertainty intensifies, driven largely by global economic tensions and geopolitical strain between the US and China, investors are closely watching for signs of a breakout.

“ETH sucks, it has no value accrual, and the L1 is dead,” says everyone with an X account. “Want Ethereum to return to its glory days?

TL;DR Renowned Bitcoin analyst PlanB reignited controversy by strongly criticizing Ethereum, labeling it centralized and premined. He argued that its node size and issuance changes undermine its decentralization. PlanB also questioned Vitalik Buterin's dominant role in Ethereum's development.

Coinbase CLO Paul Grewal has shared new details about the U.S. Securities and Exchange Commission's (SEC) internal documents regarding its investigation into Ethereum 2.0. These documents are part of a Freedom of Information Act (FOIA) lawsuit that Coinbase has filed against the SEC.