Ethereum

Donald Trump has between $1 million-$5 million in Ethereum (ETH)

August 16, 2024 1 min read

According to election declarations, Donald Trump possesses an amount of Ethereum (ETH) valued between $1 million and $5 million, and he earns a substantial income from license fees related to non-fungible tokens (NFTs). Although the documents do not specify the exact quantity of Ether, Arkham Intelligence reports that Trump’s wallet holds $3.6 million worth of Ether. In addition to the Ether holdings, financial records indicate that Trump earned $7.15 million

Over $1.86 billion in Bitcoin and Ethereum set to expire

August 16, 2024 1 min read

The expiration of $1.86 billion worth of Bitcoin (BTC) and Ethereum (ETH) options is leading to heightened volatility in the cryptocurrency markets. The latest data on the US Consumer Price Index (CPI), which was below expectations, has introduced uncertainty into the market. As the expiration deadline approaches, traders and analysts are getting ready for possible price swings. Bitcoin currently holds options worth $1.4 billion that are slated to expire, whereas

Arthur Hayes predicts altcoin season will start when BTC surpasses $70K and ETH exceeds $4K

August 15, 2024 1 min read

Arthur Hayes, one of the founders and former CEO of BitMEX, has forecasted the commencement of the highly anticipated altcoin season, which is strongly influenced by the performance of Bitcoin and Ethereum. Hayes has the belief that the altcoin season will commence after Bitcoin and Ethereum reach new price peaks, hence initiating a more extensive surge in altcoins. Should Bitcoin exceed the $70,000 mark and Ethereum exceed $4,000, it will

Ethereum (ETH) rises over 5% to $2,750 in the past 24 hours, indicating a market upturn

August 14, 2024 1 min read

The forthcoming US election is anticipated to have a substantial influence on the cryptocurrency market, as evidenced by Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experiencing a surge of over 5% in the last 24 hours. This increase occurs in the midst of a rebound in the general crypto market, driven by Bitcoin’s 3.5% ascent to the $61,000 level. Jump Trading just moved 17,049 ETH, which is valued at

DBS Bank, Singapore’s largest bank by assets, initiates a pilot program for “DBS Treasury Tokens”

August 14, 2024 1 min read

DBS Bank, the bank with the highest amount of assets in Singapore, has initiated a trial program for “DBS Treasury Tokens” in collaboration with Ant International. The pilot utilizes DBS’s permissioned blockchain to enhance the administration of treasury and liquidity. The pilot project intends to decrease the time it takes to settle transactions inside a group from days to seconds, hence improving liquidity and the management of working capital. DBS’s

Ark Invest dumps 400 units each of two ETFs that track Ethereum futures

August 11, 2024 1 min read

Ark Invest, under the leadership of Cathie Wood, divested a substantial chunk of their Ethereum futures ETFs on August 9, which may have resulted in a decrease in investor confidence. The corporation sold 400 units of ProShares Ethereum Strategy ETF (EETH) and Ark Active Ethereum Futures Strategy ETF (ARKZ), resulting in a trade of $21,112 for EETH and a sell of $12,056 for ARKZ. Ark Invest’s strategic decision indicates a

Dormant ETH addresses linked to PlusToken move $2 billion after three years

August 8, 2024 1 min read

In the last 24 hours, individuals who possess Ethereum (ETH) have transferred a total of 820,000 ETH, which is valued at more than $2 billion. Jump Crypto transferred more than $29 million for selling purposes and received a redemption of $48 million from Lido. Additionally, Ethereum addresses that had been inactive for more than three years moved a total of $2 billion worth of Ethereum two hours ago, which is

Binance records $1.2 billion in net inflows in 24 hours, demonstrating strong investor confidence

August 7, 2024 1 min read

Binance exchange achieved a remarkable $1.2 billion in net inflows within a 24-hour period, even in the face of worldwide market instability. The occurrence demonstrates the robust trust and belief of investors in Binance, a company that possesses assets over $100 billion. Although offshore exchanges experienced significant selling pressure, US crypto platforms demonstrated robust trading volumes for Bitcoin. Binance experienced an infusion of funds as traders and investors liquidated their

Grayscale’s Ethereum ETF experiences its lowest daily outflow

August 7, 2024 1 min read

The Grayscale Ethereum Trust experienced a daily outflow of approximately $40 million on August 6. This represents the lowest amount of money leaving the fund in a single day since its conversion from a trust to an ETF last month. On its inception date, the fund, which operates under the ETHE ticker, experienced a peak outflow rate of $484 million per day. Nevertheless, the rate of departures has decreased since

Hacker converts $40 million DAI into ETH after 2 years

August 6, 2024 1 min read

An individual associated with a significant crypto crime from two years ago has taken advantage of a sudden decrease in Ethereum pricing by converting around $40 million worth of the stablecoin DAI into Ethereum. The hacker exchanged DAI for about 17,000 Ethereum tokens during a decline in pricing and subsequently transferred these tokens in multiple transactions to Tornado Cash, a privacy-oriented service. Notwithstanding this acquisition, Ethereum has seen difficulties in

Crypto whales increase their holdings in Ethereum, Pepe, and ONDO

August 3, 2024 1 min read

Crypto whales are buying more Ethereum (ETH), Pepe (PEPE), and ONDO, which could mean that prices will go up. This is a bullish trend because more whales buying an object can attract more buyers and keep prices going up. On Ethereum, the big holder netflow has grown by 167%. This is the difference between how much ETH large investors bought and sold. This means that “whales” are buying more coins,

Over $50 million enters the US spot Bitcoin ETFs

August 2, 2024 1 min read

Spot Bitcoin ETFs got a lot of money coming in. Grayscale’s Mini BTC Trust ETF got $191 million. At the same time, spot Ether ETFs saw market instability, and Grayscale’s ETH ETF had withdrawals that kept happening. Five-figure sums of money were put into spot Bitcoin ETFs on August 1. Of this amount, $191.1 million went into Grayscale’s small BTC ETF. Bitwise’s BitB lost $20.7 million, Ark 21Shares’ ARKB lost