Browsing:ETH

JPMorgan CEO Calls for Crypto Ban Amid Senate Hearing as RCMP Targets Drug Traffickers Laundering Proceeds with Cryptocurrency
5 months ago 2 mins read

JPMorgan CEO Calls For Government Shutdown Crypto

Jamie Dimon, CEO of JPMorgan Chase, has reiterated his strong opposition to crypto, specifically advocating for a ban on digital assets such as Bitcoin (BTC). His comments came during a Senate Banking Committee hearing, in response to Senator Elizabeth Warren’s questions. Dimon’s remarks echo his long-held disdain for crypto, emphasizing his concerns about their alleged facilitation of criminal activity. Dimon’s criticism focuses on the primary use case of crypto, which he believes facilitates criminal activity. During the Senate hearing, he went so far as to say that if he had the authority, he would shut down the entire crypto industry,

Ethereum (ETH) is trading at $2,270
6 months ago 1 min read

Ethereum (ETH) is trading at $2,270, up 11.73% in the last 7 days

Bybit crypto exchange recently published a research report that sheds light on institutional investors’ strategic moves and provides valuable insights into their evolving asset allocation preferences. The report focuses on significant shifts in the Bitcoin and Ethereum realms, providing insight into the shifting perspectives of market institutional players. A key finding from the study indicates a significant resurgence of interest in Ethereum among institutional investors. Following a brief drop following the Shapella update, Ethereum is regaining favor among institutional investors, who see the cryptocurrency’s untapped potential. The analysis reflects a bullish outlook on Ethereum‘s technical advancements and potential development trajectory,

Ethereum Whale sells 3,150 ETH worth over $6.37 million
6 months ago 1 min read

Ethereum Whale sells 3,150 ETH worth over $6.37 million

An anonymous crypto whale recently sold 3,150 Ethereum (ETH) worth over $6.37 million, sparking debate within the crypto community about the prudent strategy for investors in the aftermath of Ethereum’s recent price surge. The significant transaction occurred as Ethereum hovered below a critical technical resistance level, which has historically been known to trigger sell-offs. The sale was carried out on Sunday by an unidentified Ethereum wallet holder, who sold 3,150 ETH for an average price of $2,023. Given the earlier purchase of 2,762 ETH in September for $1,825 per token, this move resulted in a profitable outcome. The $6.7 million

Santander Private Banking International has introduced trading and custody services for Bitcoin (BTC) and Ethereum (ETH) to customers.
6 months ago 1 min read

Ethereum (ETH) surges by over 4% in the last 24 hour

Santander Private Banking International, a division of the well-known Spanish financial services conglomerate Banco Santander, has introduced trading and custody services for Bitcoin (BTC) and Ethereum (ETH) to a select group of Swiss customers. This is a significant step toward incorporating cryptocurrencies into the traditional banking sector. Santander Private Banking International intends to expand its crypto services in the coming months by adding support for additional cryptocurrencies, joining the ranks of Bitcoin and Ethereum. The decision to enter the cryptocurrency space is notable, especially given that many large banks are wary of embracing public blockchain-based crypto. Investors hail Santander’s action

Ethereum encountered a minor setback, witnessing a 3.83% decline in the past 24 hours, bringing its value to $1,980.
6 months ago 1 min read

Ethereum (ETH) Drops Below $2,000 After facing resistance at $2,130

Ethereum encountered a minor setback, witnessing a 3.83% decline in the past 24 hours, bringing its value to $1,980. This dip contrasts with its positive performance over the week, where the coin exhibited an uptrend of 7%, climbing from $1,879 to its current position. The decline in Ethereum’s value can be attributed to its recent struggle to surpass the $2,120 resistance level. Similar to Bitcoin, the digital asset experienced a corrective downturn, slipping below crucial support levels at $2,050 and $2,000. However, the bulls intervened, preventing further losses and establishing support around the $1,930 zone. As of now, Ethereum is

Ethereum Surpasses $2,000 Mark Amid BlackRock's Spot Ethereum ETF Filing
6 months ago 1 min read

Ethereum (ETH) Surges Above $2,000 Following BlackRock’s Spot ETF Filing

BlackRock Inc., a trillion-dollar asset manager, has sparked optimism in the market with its latest filing, hinting at the potential launch of its first Ethereum spot Exchange Traded Fund (ETF) product. The filing, named the iShares Ethereum Trust, was submitted to the Division of Corporations at the Delaware Department of State. While not an active ETF filing, experts anticipate that BlackRock might soon submit a formal application to the U.S. Securities and Exchange Commission (SEC). This move follows BlackRock’s earlier filing for the iShares Bitcoin Trust, signaling the company’s growing commitment to the cryptocurrency market. All eyes are now on

The market capitalization of Ethereum has surpassed that of all altcoins
11 months ago 1 min read

Ethereum Market Cap Surpasses All Altcoins, Achieving a 2-Year Milestone

The market capitalization of Ethereum has surpassed that of all altcoins, marking a milestone not seen since February 2021. This achievement is attributed to several factors, including Ethereum’s first-mover advantage, pioneering implementation of smart contracts, and engaged community. As of June 20, Ethereum’s market capitalization stands at $213.8 billion, surpassing major altcoins like Solana, Cardano, and Dogecoin. This shift in dominance is occurring for the first time in over 28 months. Meanwhile, Bitcoin continues to dominate the crypto scene with a market capitalization of over $541.9 billion, representing nearly 50% of the total crypto market cap. Factors Driving Ethereum’s Market

Ethereum (ETH) whale has withdrawn nearly 39,300 ETH from Binance
11 months ago 1 min read

Ethereum Whales Move Around $100 Millions in ETH From Binance

Ethereum (ETH) whales are defying market uncertainty by expanding their holdings. Despite recent price drops and regulatory concerns, one whale wallet has withdrawn nearly 39,300 ETH from Binance, the world’s largest cryptocurrency trading platform. This surge in whale activity suggests a shift in investor sentiment, with funds potentially being moved to safer havens amidst eroding confidence in centralized entities. On-chain analytics firm Lookonchain highlighted the significant withdrawals in a series of transactions over the past month. Each withdrawal followed a price drop, and the total accumulated ETH in the whale’s wallet exceeds $70 million at the current market price. Notably,

Crypto Prices Plunge, Suffering Losses of 25% or More
11 months ago 1 min read

Crypto Prices Experienced Significant Drops of 25% or More Yesterday

The cryptocurrency market experienced a significant crash yesterday morning, with many altcoins losing significant value. Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, also experienced losses, but to a lesser extent. The crash was likely triggered by a combination of factors, including the recent lawsuits filed by the Securities and Exchange Commission (SEC) against major crypto exchanges, Coinbase and Binance. The SEC has alleged that these exchanges violated securities laws by selling unregistered securities. The SEC’s lawsuits have heightened regulatory uncertainty in the crypto market, leading to increased selling pressure. This selling pressure was likely exacerbated by the

PEPE Token Soars 16% After SEC Impact
12 months ago 1 min read

PEPE Token Skyrockets 16%, Terra Classic (LUNA) Jumps 15% as Bitcoin Recovers from SEC-Induced Downturn

Bitcoin has surprised the market by defying expectations and experiencing a rapid surge of $2,000 in just a few hours, despite facing a second high-tier lawsuit launched by the US Securities and Exchange Commission (SEC) against a crypto company. This positive momentum has also influenced altcoins, with Ethereum (ETH) nearing $1,900 and several others turning green. Altcoins Recover Alongside Bitcoin: Altcoins, which suffered significant losses alongside Bitcoin due to the SEC-related lawsuit, have seen a notable change in the market landscape. Ethereum dropped to $1,800 but has since rebounded with a 3.5% increase, approaching the $1,900 mark. Other altcoins have

Binance Ethereum Users Pull Out $778M
12 months ago 1 min read

Binance Loses $778M in Ethereum Since SEC Charges

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance, the world’s largest cryptocurrency exchange, has had a negative impact on the crypto market. According to data from crypto analytic firm Nansen, Binance saw negative netflows of $778 million on the Ethereum blockchain in the 24 hours following the SEC’s announcement of the lawsuit. This means that more Ethereum tokens were withdrawn from Binance than deposited into the exchange during this period. The outflow of funds from Binance has also had a negative impact on the price of Bitcoin and other cryptocurrencies. Bitcoin, for example, fell by more than

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH
12 months ago 2 mins read

Top 10 Ethereum Whales Hold 31.8 million ETH Worth Around $59B

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH, setting a new all-time high. These self-custodial addresses, excluding centralized platforms, have been consistently growing their holdings over the years. The influence of these whales on the market cannot be overlooked, as their movements have the potential to significantly impact Ethereum’s price. Let’s delve deeper into the insights provided by Santiment’s on-chain analytics and explore the trends observed among these powerful investors. Santiment’s research has identified the ten largest non-centralized addresses on the Ethereum network, known as

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