Browsing:ETH

Ethereum (ETH) has fallen 4.39% over the last week
4 months ago 1 min read

Ethereum Drops Below $2,500; What’s Next?

Ethereum (ETH) is at a critical juncture as it deals with resistance levels and volatile market shifts. ETH has fallen 5% over the last week, trading at $2,462, with a 2.38% drop in the last 24 hours. Ethereum’s recent struggles to surpass the $2,580 level reflect the broader sentiment post-Bitcoin ETFs, in which negative market sentiment has impacted both BTC and ETH. The bearish trend continues as ETH remains below the $2,500 threshold and the 100-hourly simple moving average. Despite an over 13.5% increase in daily trading volume, bears maintain their influence. Despite recent struggles, Ethereum has shown a bullish

Trader Turns Elon Musk's Twitter Bio Change Into $1 Million Meme Coin Jackpot
4 months ago 1 min read

This Trader Turns $10,000 Into $1 Million With This Meme Coin

A trader took advantage of Elon Musk’s playful social media antics to make extraordinary profits by venturing into the world of meme coins. Elon, known for his influence in the crypto space, set the stage for this trader’s profitable move on January 8 with a whimsical change to his Twitter bio. Elon Musk’s bio change to “(CTO) Chief Troll Officer” piqued the interest of crypto enthusiasts worldwide. Seizing the opportunity, an astute trader made a strategic decision, withdrawing 4.3 Ethereum from Binance and venturing into meme coins. Armed with 4.3 Ethereum, which is roughly $10,000, the trader took a risk

A Ethereum (ETH) developer recently praised Ethereum Improvement Proposal 1559 (EIP-1559)
4 months ago 2 mins read

Ethereum Developer Praises EIP-1559 as “The Great Equalizer”

Péter Szilágyi, an Ethereum (ETH) developer, recently praised Ethereum Improvement Proposal 1559 (EIP-1559), describing it as “the great equalizer.” In a post published on January 16, Szilágyi praised the protocol’s ability to level the playing field between validators and regular Ethereum network users. EIP-1559, implemented to improve Ethereum’s gas fee mechanism, introduced the concept of a “base fee” that users could bid for transactions. The base fee is then burned off or transferred to an irretrievable wallet. According to Ultrasound Money data, over 3.9 million ETH have been burned since the introduction of EIP-1559. In the last week alone, the

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP
4 months ago 1 min read

Hackers Tries To Steal Over $15 Billion in XRP From Bitfinex Fails

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP, accounting for nearly half of the total value of XRP. According to Ardoino, hackers attempted to use an XRP Ledger network feature to move a large amount of XRP. However, the attempt failed, with the actual transaction amounting to only a few cents in XRP. The hacker’s inability to carry out the intended transactions was the cause of the failed attack. The attackers attempted to use a technique known as the “Partial Payments Exploit.” This method involves modifying the XRP Ledger’s Partial

Over $125 million in Ethereum was transferred to major crypto exchanges
4 months ago 1 min read

Celsius Network Shifts Ethereum Worth Over $125 Million Ahead of Debts Payment

With its recent approval from a New York Court to repay a staggering $2 billion in debts, Celsius Network has taken center stage in the ever-changing crypto landscape. This action sparked a wave of asset transfers, attracting the attention and speculation of the crypto community. With the court’s approval, Celsius Network is preparing to repay its debts by returning around $2 billion in Bitcoin, Ethereum, and shares in a crypto mining company. This strategic move aims to reestablish financial stability and rebuild trust in the crypto community. Recent Arkham Intelligence reports highlight Celsius Network’s significant asset movements, particularly in Ethereum.

A mysterious Ethereum whale made a significant transaction
4 months ago 1 min read

A crypto whale buys 4,677 Ethereum valued at around $11 million as ETH surpasses $2,500

According to Lookonchain, a mysterious crypto whale made waves in the Ethereum market by executing a significant transaction, acquiring a whopping 4,677 Ethereum valued at around $11 million. What makes this acquisition so intriguing is the whale’s bold bullish stance on Ethereum’s future, combined with a seemingly bearish sentiment towards Bitcoin, as analyzed by Lookonchain. The whale’s unconventional strategy involved exchanging 241 wrapped Bitcoins (WBTC) borrowed from Aave for a significant amount of Ethereum. The motivations behind this strategic maneuver are currently unknown, sparking speculation within the crypto community about the whale’s foresight and potential market impact. According to recent

This technical pattern frequently indicates that Ethereum is preparing for a surge
4 months ago 2 mins read

This analyst says Ethereum will hit $3,500 soon as ETH breaks above $2,600

Ethereum, the second-largest crypto by market capitalization, is in for an exciting ride as it shows signs of a bullish breakout. Positive indicators, according to World Of Charts analysts and crypto trader Skew, could propel Ethereum’s value to new heights. World Of Charts has identified a bullish pennant pattern in Ethereum’s recent performance, indicating that its upward trend may continue. This technical pattern frequently indicates that Ethereum is preparing for a surge, with a target level of $3,500 if the breakout is successful. Skew, a crypto trader, has identified a critical resistance zone for Ethereum in the $2,320–$2,382 range, adding

Ether and Ethereum-based tokens saw a significant increase in value
4 months ago 1 min read

Ethereum Rallies on Ether ETF Anticipation Amid Bitcoin ETF Expectations

In a dramatic shift in the crypto market, Ether and Ethereum-based tokens saw a significant increase in value, fueled by traders’ anticipation of a potential Ether ETF following the expected approval of a Bitcoin ETF in the US. While the price of Ether surpassed $2,400, Bitcoin suffered a temporary setback as a result of deceptive tweets from the hacked SEC’s X account. A prominent financial institution, BlackRock, has filed an application with the SEC for an Ether ETF, indicating a growing interest in Ethereum-based investments. The crypto community is preparing for the possibility of this new investment avenue, which will

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility
4 months ago 1 min read

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the approval of a Bitcoin ETF. This misinformation set off a chain reaction that caused Bitcoin prices to wildly fluctuate, resulting in around $90 million in trading losses. This incident highlights

Bitcoin's Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval
4 months ago 1 min read

Bitcoin’s Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

Bitcoin’s recent price surge, which saw it surpass $47,000 for the first time since March 2022, resulted in significant losses exceeding $100 million for traders who had taken short positions, betting against the crypto’s rise. This loss comes as the market waits for the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. Users on exchanges such as OKX and Binance suffered significant losses. Bitcoin’s price increase coincides with significant developments in the ETF space, such as BlackRock’s filing fees with the US SEC. Filing fees are usually one of the last steps before an ETF can be

Scott Melker, a crypto analyst, has highlighted a significant influx into Bitcoin following the approval of a BTC Spot Exchange-Traded Fund (ETF).
4 months ago 1 min read

Over $550 billion could flow into crypto market, says analyst

Scott Melker, a crypto analyst, has highlighted a significant influx into Bitcoin following the approval of a BTC Spot Exchange-Traded Fund (ETF). Melker projected $550 billion in Bitcoin ETF investment in a social media post on X (formerly Twitter), representing only 0.5% of total assets managed by Registered Investment Advisors (RIAs). Melker stated that RIAs currently manage assets worth $114 trillion, and Bitcoin’s total market capitalization is $860 billion. According to the post, if even half of RIA-managed assets were to flow into a Bitcoin ETF, the total amount could be around $570 billion. Some cryptocurrency analysts, including Bloomberg Intelligence’s

Over $150 Million Poured Into Crypto Funds In 2024
4 months ago 1 min read

Over $150 Million Poured Into Crypto Funds In 2024

According to a recent CoinShares report, the first week of 2024 witnessed a significant milestone in crypto investments, with a notable influx of $151 million into investment products in this sector. The significance of this over $150 million increase in inflows was highlighted by James Butterfill, Head of Research at CoinShares, especially in light of Grayscale’s ongoing legal battle with the US Securities and Exchange Commission (SEC). Since the case’s inception in October 2022, these inflows have totaled $2.3 billion, accounting for 4.4% of the firm’s total managed assets. Despite the lack of a spot exchange-traded fund (ETF) launch in

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