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A massive Ethereum initial coin offering (ICO) participant that received an astounding 254,908 ETH during the cryptocurrency's launch for a total cost of $79,000, has recently sold 3,000 ETH worth around $7.64 million.
Ether could slump in the coming days, as this participant's previous ETH sale triggered a decline in the asset's price.
Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level.
Base, a Layer 2 blockchain initiative spearheaded by Coinbase, has set a new record by accumulating an impressive 623,130 ETH in its bridge smart contract. This figure signifies not only a substantial increase in the amount of ETH held but also highlights the growing confidence in Base as a pivotal player within the Ethereum ecosystem.
The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames.
Nearly $20 million in cryptocurrencies has been reportedly drained out of U.S. government-linked wallets holding funds seized from the Bitfinex cryptocurrency exchange hack. What Happened: About $14 million in the Aave USDC (AUSDC) stablecoin, $5.
A significant Ethereum whale deposited 3,000 ETH, valued at $7.63 million, to Kraken. This massive transfer comes as the ETH/BTC pair plunges to new lows, signaling growing bearish sentiment in the market.
Recent reports show that a participant from Ethereums initial coin offering (ICO) has sold 3,000 ETH for approximately $7.64 million. This sale is part of a larger trend where early investors are cashing out some of their holdings.
Bitcoin's dominance has surged past 57%, reaching its highest level since March 2021. This significant uptick illustrates a trend of growing market concentration in Bitcoin, while Ethereum's market share has plummeted to 13.5%, marking the lowest level since before the Ethereum Merge in September 2022.
Ethereum, the second-largest cryptocurrency by market capitalization, is facing a growing risk of a short-squeeze that could potentially help its price surge. The cryptocurrency's futures market is showing signs of extreme leverage, indicating that a significant number of traders are betting on a continued price decline.
Solana is displaying remarkable potential for recovery, and it appears that the asset may be approaching $200. The asset is currently trading comfortably above $170 after strong upward momentum was sparked by the breakthrough at $160 earlier this month.
Ethereum (ETH) price appears to be moving within a neutral range, as indicated by several market metrics. The current Net Unrealized Profit/Loss (NUPL) value signals that most investors are neither highly profitable nor experiencing heavy losses.
The strategy resembles tactics seen in past crypto heists, casting doubt on recovery as the funds could soon be laundered through mixers.
The cryptocurrency landscape is known for its rapid fluctuations and unpredictable trends, but recent data regarding Ethereum's leverage ratio has raised eyebrows across the investment community. The Estimated Leverage Ratio has spiked to extreme levels, prompting many to wonder what this indicates for Ethereum's future price movements.
The cryptocurrency market is seeing mixed signals as Ethereum (ETH) struggles to maintain its upward momentum, while Dogecoin (DOGE) and Shiba Inu (SHIB) experience notable price fluctuations. After a recent spike, the market is now calming down, leaving investors to wonder what lies ahead.
Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.
Binance, the world's leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY.
A widely followed crypto analyst is issuing a warning to investors, saying that top altcoin Ethereum (ETH) might see a crash in December.
Last July, Ether's market value tumbled nearly 15% after similar actions were taken by this ‘smart money' entity.
The cryptocurrency community is buzzing following a heated exchange between Ethereum co-founder Vitalik Buterin and MicroStrategy's co-founder Michael Saylor. In a recent social media post, Buterin described Saylor's remarks about self-custody as “batsh*t insane,” igniting further debate over the future of digital asset management.
As investors grapple with the cryptocurrency market's next moves amid recent turbulence driven by geopolitical and economic concerns, attention is shifting away from established top-cap coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA) toward the burgeoning appeal of meme coins.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.
US-based crypto exchange Kraken has launched its own blockchain network, Ink. According to the official announcement, the network, which would be an Ethereum Layer-2 network, would be built using Optimism OP Stack and open to the public by 2025.
