An EtherFi whale dumps ETHFI tokens worth over $1.8 million

1 min read

EtherFi (ETHFI), a Ethereum-related token, experienced significant price drops in the last 24 hours after a wallet dumped 880 tokens worth $1.87 million onto the Binance platform. The wallet, identified as “0x57C,” had previously received 10 million EtherFi tokens from the Etherfi team three months ago. The wallet now holds 8.82 million EtherFi tokens, worth around $18.43 million. EtherFi showed a 6% daily decline in price, with a high of

Italy’s new MiCA-based crypto guidelines aim to stabilize financial system

1 min read

Italy is to implement new regulations on cryptocurrencies in accordance with the EU’s Markets in Crypto-Assets Regulation (MiCA) law. The objective is to guarantee financial stability, promote innovation, and safeguard consumers. Fabio Panetta, the Governor of the Bank of Italy, unveiled the regulations in a speech delivered to the Italian Banking Association (ABI). The rules prioritize the significance of electronic money tokens (EMTs) and asset reference tokens (ARTs), which are

SSV Network Reaches 1M $ETH Staked Milestone

1 min read

SSV Network, an Ethereum-focused distributed validator network, announced it has reached 1 million $ETH staked on its platform. The protocol, which went live in December 2023, allows partners and solo stakers to securely distribute ETH validators and earn rewards for becoming node operators. The DAO-owned and open-sourced protocol provides infrastructure for developers to build distributed validator technology (DVT) powered staking applications, increasing resilience, uptime, and decentralization. Restaking, the latest trend

A major crypto whale invests $120 million in Shiba Inu, PEPE, Ethereum

1 min read

A large investor has expanded their investment holdings during a period of market instability, purchasing 957.77 billion PEPE tokens and 583.78 billion Shiba Inu tokens, in addition to other meme coins. They divested $120 million worth of assets from Binance, showcasing a diverse investment approach including 14 distinct cryptocurrencies. Although the market capitalization has decreased by 4.34% to $2.16 trillion as a result of liquidations and a rise in pessimistic

Delays in the launch of Ethereum ETFs have led to market uncertainty and significant outflows

1 min read

The sentiment in the Ethereum (ETH) market is now mixed as a result of the delay in the launch of spot Ethereum ETFs. The ETFs, which were first projected to be available on July 2, are now likely to be released on July 8. However, the initial anticipation surrounding their launch has diminished. The digital fund flows data from CoinShares indicates substantial outflows, representing its most unfavorable performance since August

Vitalik Buterin’s net worth surges from $552.86 million to $834.66 million in 2024

2 mins read

Vitalik Buterin’s net worth has surged from $552.86 million in 2024 to $834.66 million, mostly driven by his significant Ethereum holdings. Nevertheless, his Ethereum holdings have never exceeded 0.9% of the overall supply, reaching a peak of 0.91% in 2015. Nevertheless, Buterin still has the highest amount of ETH as an individual. Buterin, who was born in 2011, played a key role in the co-founding of Bitcoin Magazine. In 2013,

Bloomberg analyst Eric Balchunas extends the deadline for Ethereum Spot ETF launch

2 mins read

Eric Balchunas, an analyst at Bloomberg, has updated his estimated schedule for the introduction of Ethereum Spot ETFs in the United States. This revision comes in response to recent statements made by the US SEC on the second wave of S-1 form submissions. In May, the SEC granted approval for the 19b-4 applications submitted by eight potential issuers of the Ethereum spot ETF. This approval is the initial stage in

US SEC Chair Gary Gensler reports smooth progress in approving Ethereum ETFs

1 min read

At the Bloomberg Invest Summit in New York, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), stated that the Ethereum ETF applications are being approved without any major issues. However, he did not provide a specific timeline for when these ETFs will begin trading. Gensler underscored the necessity for asset managers to provide accurate and comprehensive disclosures prior to initiating a project. Prior to this, Gensler

Volatile Crypto Markets Shift Investor Focus to Innovative Projects with High Growth Potential

7 mins read

One of the most significant pieces of news in the cryptocurrency world today revolves around the recent developments and the overall sentiment prevailing in the market. Despite the myriad fluctuations and attempts at recovery, the crypto space hasn’t gained sufficient momentum to foster sustained growth. However, this lack of momentum has shifted investor focus towards new projects with high growth potential, like CYBRO, which has been generating considerable interest and

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

1 min read

Ethereum (ETH) witnessed a modest rebound in the worldwide crypto markets today, as its value surged by 6% to beyond $3,500. This increase came after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the sale of ETH. Consensys Software, an Ethereum developer, has announced that the SEC’s Enforcement Division will not be taking legal action over the selling of ETH as securities transactions. Despite a substantial surge

Crypto Whales Buy $2,450,000,000 in Ethereum

1 min read

Crypto analyst Ali Martinez has reported that wealthy investors are amassing billions of dollars in Ethereum (ETH) due to its bullish signal on its daily chart. Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum. The TD Sequential has issued

Bitcoin (BTC) Faces Potential Declines, Ethereum (ETH) Holds Strong, and Furrever Token (FURR) Offers Lucrative Referral Rewards

5 mins read

In the ever-volatile world of cryptocurrency, recent trends show Bitcoin (BTC) facing potential accelerated losses, causing concern among investors. Meanwhile, Ethereum (ETH) continues to find support at key levels, providing some stability amidst the market fluctuations. Amidst this backdrop, a new player, Furrever Token (FURR), is capturing attention with its unique and rewarding approach. Offering an innovative 10% referral bonus during its ongoing presale, Furrever Token stands out as a