How massive USDT mints on Tron, Ethereum impacts market dynamics
Tether's latest USDT minting spree is reshaping crypto dynamics, boosting liquidity and market confidence.
Keep up with what's happening in the crypto world in real-time.
Tether's latest USDT minting spree is reshaping crypto dynamics, boosting liquidity and market confidence.
The price of Bitcoin, the leading cryptocurrency, slipped to the $67,000 level earlier today, reaching an intraday low of $67,962, according to data provided by CoinGecko.
As we enter November 2024, the cryptocurrency market is abuzz with activity due to exciting new projects and developing use cases for established participants. For individuals interested in smart investments, here's an in-depth analysis of three promising cryptos to buy: Ethereum (ETH), Solana (SOL), and a rising star, Rexas Finance (RXS).
Ethereum's protocol upgrades and rising institutional interest are shaping its future. How could this affect its price?
Ethereum could be on the verge of another rally as whales buy in a consolidation zone.
Leading smart contract platform Ethereum (ETH) is flashing a signal for a potential bounce, according to a popular crypto analyst. The digital asset trader Ali Martinez tells his 76,700 followers on the social media platform X that ETH's Tom DeMark (TD) Sequential Indicator presented a bullish signal on its four-hour chart.
Like most digital assets, Ethereum witnessed a correction this week by losing over 5% in the last 24 hours while trading just above $2,500. While the increased on-chain activity could eventually make the bulls bet for the bounce back of Ether, a few experts differ with this perspective.
Two high-profile Ethereum researchers, Justin Drake and Dankrad Feist, have stepped down from their advisory roles at EigenLayer, a restaking platform. The announcement came today on X, as both researchers cited their desire to focus entirely on the Ethereum base layer.
UBS has launched its first tokenized fund, offering institutional-level cash management via Ethereum blockchain to meet the rising demand for digital assets.
Bitcoin approaches a new all-time high (ATH), the cryptocurrency market is buzzing with excitement and speculation. Investors are keenly observing how Bitcoin's movements might influence other major cryptocurrencies like Ethereum (ETH) and Ripple (XRP).
Restaking protocols like EigenLayer allow investors to stake the same digital asset multiple times and reap the additional yields.
Restaking protocols like EigenLayer allow investors to stake the same digital asset multiple times and reap the additional yields.
Less than six months after disclosing his advisory role at EigenLayer, Ethereum Foundation Justin Drake has decided to relinquish the same position. This comes amidst backlash from members of the crypto community who raised concerns of a conflict of interest.
Two Ethereum researchers drop their advisorship roles at the EigenFoundation, citing a conflict of interest.
Researchers Justin Drake and Drankrad Feist set off a controversy in May when they revealed that they'd accepted big token payouts from EigenLayer, raising conflict of interest concerns.
The Union Bank of Switzerland (UBS) has introduced a tokenized money market fund on the Ethereum blockchain, responding to the rising demand for digital financial assets among investors.
UBS, the world's largest private bank, has taken a significant step into digital finance with the introduction of the UBS USD Money Market Investment Fund Token, or “uMINT.” Built on the Ethereum blockchain, this new tokenized fund brings together the world of traditional banking and the growing interest in digital assets.
Ethereum (ETH) exhibited a dual-phased market movement in the last week rising by over 9% to reach a local peak of $2,711 on October 30, before declining by an almost similar measure. As the prominent altcoin now hovers around the $2,500 price mark, crypto analyst Ali Martinez has highlighted an important market condition that could ignite a price rebound.
Ethereum price has factored in an additional 0.48% price dip over the last 24 hours. The altcoin's daily trading volume also dipped by 15.77% as per CMC data.
Ethereum is positioned for a potential breakout, with analysts forecasting a remarkable 124% rally that could see its price soar past the $6,000 mark by November. With Bitcoin nearing its all-time high, Ethereum is experiencing a V-shaped recovery and is on the brink of challenging crucial resistance levels.
A widely followed analyst and trader is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his insights on two other crypto assets. The analyst pseudonymously known as Sherpa tells his 228,800 followers on the social media platform X that he is “still highly bullish” on Goatseus Maximus (GOAT).
In an unprecedented development, a crypto whale caused a stir across the broader industry on Saturday, heavily accumulating Neiro Ethereum (NEIRO), the Shiba Inu dog breed-themed meme token. On-chain statistics indicated that a whale freshly bagged nearly 8 million tokens, sparking market optimism over the coin's price movements among market watchers.
The two-day Bitcoin chart has revealed a bullish price structure, characterized by breaking above key resistance levels and forming higher lows and higher highs. According to analyst Josh of Crypto World, this trend hints at a positive outlook for Bitcoin, suggesting that despite short-term fluctuations, the overall trajectory remains bullish.
Ethereum (ETH) has been a focal point in the cryptocurrency market, with recent trends suggesting that a breakout may be on the horizon. As traders look for signs of upward movement, several key indicators are emerging that could shape the future price action of this leading cryptocurrency.