Ethereum

MetaVirus (MVT) IEO Launches on ProBit Global: Transforming GameFi with the NexGami Platform

September 30, 2024 3 mins read

ProBit Global is excited to announce the Initial Exchange Offering (IEO) of MetaVirus (MVT), the innovative gaming token powering the first Web3 game on the NexGami platform. MetaVirus combines immersive gameplay with rewarding incentives and blockchain integration, creating a distinct experience that differentiates it from traditional mobile games. The IEO has now entered Round 2, offering a 5% bonus on MVT purchases made with PROB. This round will end on October 2, 2024, at 03:00 UTC, following the

Ethereum spot ETFs see their best performance since August

September 27, 2024 2 mins read

This past Tuesday marked a notable comeback for Ethereum spot ETFs, showcasing their best performance since early August after a rough patch that left investors feeling a bit underwhelmed. September was particularly tough for these crypto investment products, which struggled to gain traction even amidst some positive market movements. The previous week had seen Ethereum ETFs grappling with their sixth straight week of negative flows, with a staggering $26.26 million

PayPal now allows US business accounts to buy, sell, and store crypto

September 26, 2024 1 min read

PayPal is stepping up its game in the crypto world! As of September 25, US business accounts can now buy, sell, and store cryptocurrencies directly, making it easier for merchants to use digital assets in their operations. However, New York merchants are left out due to regulations. This move is part of PayPal’s mission to help both individuals and businesses manage cryptocurrencies. With this new feature, merchants can handle cross-border

The SEC postpones its decision on options trading for several Ethereum ETFs

September 25, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has deferred its judgment regarding options trading for several spot Ethereum ETFs until November 2024. The postponement ensues after the SEC sanctioned options trading for BlackRock’s spot Bitcoin ETF, accompanied by stringent rules to mitigate market manipulation. The SEC has extended the deadlines for these funds to November 10 and 11, 2024, in accordance with Section 19(b)(2) of the Securities Exchange Act. In

Institutional investors are pulling out of Ethereum ETFs

September 25, 2024 1 min read

Institutional demand for Ethereum is diminishing, as spot Ethereum ETFs are witnessing considerable outflows, notwithstanding the recent price rebound following the Federal Reserve’s interest rate reductions. Grayscale’s Ethereum ETF has experienced the most substantial decrease, with outflows totaling $80.6 million, signifying diminished interest from institutional investors. Bitcoin ETFs have experienced inflows, signifying a preference for Bitcoin over Ethereum among investors. Notwithstanding a 15% resurgence in Ethereum’s price, the demand for

LO:TECH Launches New MMaaS Platform for Token Liquidity with Unprecedented Transparency and Control

September 24, 2024 4 mins read

New MMaaS platform empowers token projects and protocols with real-time visibility, flexible liquidity management, and enhanced exchange relationships. Digital asset trading firm Low Observable Technology (LO:TECH) announced the launch of an innovative new Market Making Service (MMaaS) platform today.  Backed by leading venture capital firm Lightspeed Faction, LO:TECH’s new platform delivers unparalleled transparency, control, and flexibility for token projects, protocols, and crypto foundations in managing their liquidity across global exchanges.

Ethereum transaction fees spike, despite a drop in active accounts

September 23, 2024 1 min read

Ethereum transaction fees have risen markedly in recent weeks, even as the number of active accounts on the network has fallen to its lowest point this year. The average transaction charge has decreased to its lowest level since 2020, falling below $1. Nonetheless, the seven-day moving average transaction charge surged markedly, attaining $3.52 on September 21, about three times its value at the beginning of the month. This surge resulted

The Ethereum Foundation sells a total of 950 ETH worth over $2.2 million in the past three weeks

September 21, 2024 1 min read

The Ethereum Foundation has sold 300 ETH worth over $760,000, a 5% increase from intraday lows of $2,440. The foundation has been selling Ether every four to seven days, with a total of 950 ETH sold since September, totaling over $2.2 million. The foundation has previously sold 1,000 ETH for over $3 million in May 2024, with year-to-date totals reaching 1,766 ETH sold for over $4.8 million. The latest dump

A wallet associated with Ethereum co-founder Vitalik Buterin moves $3,170,000 in Ethereum (ETH)

September 21, 2024 1 min read

Ethereum co-founder Vitalik Buterin has made significant ETH transfers, causing speculation in the crypto community. The wallet “0xD04daa” transferred 1,300 ETH, valued at around $3.17 million, to an external address labeled “0x5567A,” which was triggered by the 6.3% increase in Ethereum’s price. The move has sparked speculation about potential profit-taking motives. Shortly after receiving the funds, the wallet “0x5567A” transferred 74.17 ETH, valued at approximately $181,000, to Paxos, a well-known

BingX suffers a $42 million hack, adding to a series of crypto security breaches this week

September 21, 2024 1 min read

BingX, a prominent crypto exchange, has suffered a $42 million attack, leading to the theft of more than 360 cryptocurrencies, which were subsequently exchanged for Ethereum and Binance Coin. The breach was initially identified by the blockchain security company PeckShield. The total misappropriated assets comprised stablecoins such as USDT, USDC, WUSD, Bitcoin, and several other tokens. Vivien Lin, Chief Product Officer of BingX, confirmed the breach and assured users that

Crypto donations reach $190 million ahead of the 2024 US elections

September 16, 2024 1 min read

The 2024 US election is imminent, with crypto donations totaling $190 million, signifying an increasing connection between the crypto sector and politics. This rise is substantial, as both Democratic and Republican candidates strive to gain the support of the crypto community, indicating a crucial juncture for incorporating digital assets into mainstream politics. The surge of political contributions from the crypto business may induce significant transformations, perhaps facilitating more advantageous rules

Bitunix Takes the Stage as Silver Sponsor at Token2049 Singapore, September 18-19

September 16, 2024 3 mins read

Bitunix, the fastest growing crypto futures exchange, confirmed that they will be attending the prestigious TOKEN2049 happening on September 18-19th. The exchange is also a Silver Sponsor alongside Cetrik, Bitgo, Lido and Wormhole. The exchange has recently surpassed the barrier of 1 million registered users worldwide, which, in just one year of rapid growth, brings it closer and closer to becoming the crypto derivatives exchange of reference. Thus, co-starring Token2049,