The Ethereum Foundation is preparing to invest tens of millions into zkVMs (Zero Knowledge Virtual Machines). The development has been revealed by Justin Drake, who is a researcher at the organisation. In a separate development, yesterday, Ethereum co-founder Jeffrey Wilcke moved over 20,000 ETH to Kraken, triggering concerns across the cryptocurrency market.

Data shows the Ethereum Open Interest has recently observed a sharp jump to a new all-time high (ATH) of around $16.8 billion. Ethereum Open Interest Has Shot Up Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Ethereum Open Interest.

Chinese gaming giant Boyaa Interactive, listed on the Hong Kong Stock Exchange, has shifted a significant portion of its crypto holdings from Ethereum to Bitcoin. According to a Nov. 29 filing, the company said it converted 14,200 ETH into approximately 515 BTC in an open-market transaction valued at $49.48 million.

The overall cash inflow to the Ethereum network and its layer two scaling solutions led by Coinbase-backed Base has significantly increased in the recent past.

Ethereum, the second largest cryptocurrency by market capitalization, is going through a remarkable period. According to data published by the analytics company IntoTheBlock, 90.8% of ETH holders are now in profit, a peak not reached in months.

The analyst from Bitget Research discusses the key factors that influence the performance of the crypto.

The latest rise from the interim lows of around $3,300 has invalidated the bearish trajectory that could have dragged the ETH price below $3200. The token seems to be gearing up for a potential run as the levels stay strong at $3500.

Ethereum maintains strong market position above $3,500 with clear technical levels defining potential future price movements.

Ethereum (ETH) has been on an impressive upward trajectory, recently reclaiming the $3,600 mark and drives renewed optimism among investors. With a series of bullish technical signals and strong institutional support, the question now is whether Ethereum can break through the $3,668 resistance and push its price to the coveted $4,000 level.

Ethereum was testing its resistance at $3.6k, and a breakout could allow it to touch $3.9k soon.

Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels. Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year's end have gained momentum.

In the past 30 days, Ethereum's (ETH) price has surged by 33%, fueling speculation about the cryptocurrency's potential to hit new highs. While it seems unlikely as this month draws to a close, analysts' Ethereum December prediction could bring in more gains for holders.

Ether has outperformed Bitcoin in futures yields, signaling more potential ETF inflows that could catalyze an Ether rally above $4,000 before Jan. 20.

Ethereum ETFs outperformed Bitcoin ETFs in net inflows, with Ether ETFs attracting $224.9 million in inflows compared to Bitcoin's $35.2 million between Nov. 22 and 27.

The Ethereum Foundation once again caused a stir across the broader market on Friday, revealing that it is investing tens of millions into zkVMs (zero knowledge virtual machines). Justin Drake, a renowned researcher at the organization, revealed this investment strategy.

It's a big Friday in the crypto world as over $11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today! With the market bouncing back from a recent dump, all eyes are on today's massive expiry event.

Bitcoin futures open interest (OI) has risen significantly, jumping from $39 billion on Nov. 5 to $60.9 billion following Donald Trump's presidential election victory.

Ethereum's layer-2 (L2) networks have reached an all-time high in total value locked (TVL), surpassing $51.5 billion—an increase of 205% from $16.6 billion in November 2023.

Investor interest in leveraged Ethereum products has surged, with VolatilityShares' 2x Ether ETF seeing a 160% increase in exposure since early November.

Bitcoin bulls avoid further retests of round-number levels as support as Ethereum finally wakes up.

The Ethereum (ETH) network has remained the undisputed web3 leader, with over $69 billion in total value locked (TVL) and more than $103 billion in stablecoins market cap, majorly due to the significant development of its layer-two (L2) scaling solutions.

Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving.

A quant has explained how Ethereum is now in its secondary bull run phase according to the trend in this popular on-chain indicator.

Bitcoin DeFi is gaining momentum, and Charles Hoskinson predicts it will surpass other blockchain DeFi systems in the next few years.

While more than 90% of Ether holders are in profit, data shows traders remain cautious about the asset hitting $4,000 anytime soon.

Today, over $10 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire.

Just as Ethereum price has been showing strength above $3,500 levels, selling by Ethereum whales picked up once again. The heavy ETH offloading to exchanges by whales has caught investors' attention on whether the profit-booking begins even before reaching $4,000.

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, has recently surged past a critical resistance level, capturing significant attention from both investors and traders. As of November 28, 2024, Ethereum's breakout from a five-day-long consolidation zone indicates the potential for a substantial rally in the coming days.

Ethereum user p0pular.eth recently managed to trick Freysa, a recently released artificial intelligence (AI) agent, into transferring them its prize pool of 13.19 ETH ($47,000 USD).

Ethereum has achieved its highest price point in almost six months, reaching $3,682 during early trading on Thursday, November 28, 2024. This marks an 18% gain over the past week, fueled by growing institutional interest, particularly in the form of spot Ether ETFs in the United States.

After an impressive performance on Wednesday, Ethereum (ETH) price has been forming a bullish pennant in the hourly time frame.

Spot Ether ETFs racked up $224.9 million in net inflows over the last four trading days — around $190 million more than the spot Bitcoin ETFs.

Spot Ether ETFs racked up $224.9 million in net inflows over the last four trading days — around $190 million more than the spot Bitcoin ETFs.

Ethereum surges past $3,600 with $43B daily trading volume Altcoin Season Index reaches 61/100, nearing critical threshold Technical indicators suggest potential push toward $4,093

Ethereum price is holding gains above the $3,500 zone. ETH is consolidating and might soon aim for a move above the $3,600 resistance zone.

Bitcoin climbed back to the key $95,000 threshold on Thursday after the release of the personal consumption expenditures (PCE) price index, which came in as expected, according to QCP Capital. Bitcoin and Ether on the Rise The rebound marks a steadying of the crypto market, with bitcoin (BTC) finding a solid foothold at critical levels.

A wallet linked to Ethereum co-founder and core developer Jeffrey Wilcke moved a huge chunk of 20,000 ETH worth millions of dollars to U.S. cryptocurrency exchange Kraken.

New data from market analytics firm IntoTheBlock reveals that over 90% of Ethereum (ETH) holders are now in the green.

Ethereum price has struggled to find its rhythms above USD 3,500 mark despite the recent rally. However

The price of Ethereum (ETH) has bounced back after crossing the $3,400 mark. The largest altcoin has reached a high of $3,570 at the time of writing.

Total TVL has increased by more than 205% from $16.6 billion in November 2023. The increase to more than $51 billion TVL was mainly caused by Arbitrum One and Base.

The recent overturning of Tornado Cash sanctions has sparked significant excitement in the crypto industry.

Ethereum (ETH) co-founder Jeffrey Wilcke transferred 20,000 ETH, equivalent to over $72 million, to Kraken on Nov. 28. His wallet still holds 106,006 ETH.

The Ethereum (ETH) price rallied by about 10% on Wednesday to clear the $3,550 resistance zone very swiftly. Interestingly, this bullish price action has led to a bullish signal on a popular indicator used for predicting price outlook.

Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours.

BTC's price decline and lower volatility contrast with Ethereum's rising dominance in derivatives. Ethereum's market cap is $428 billion, second to Bitcoin, according to CoinMarketCap.

Ethereum blockchain co-founder Charles Hoskinson has predicted that Bitcoin could soar as high as $500,000 within the next two years, according to a new video posted this week by the Cardano founder. Hoskinson's commentary comes shortly after Satoshi Nakamoto-created nearly soared past $100,000 in value just last week. The post ETH Co-Founder Charles Hoskinson Predicts Bitcoin Could Hit $500,000 Within 2 Years appeared first on Cryptonews.