While the price of Bitcoin (BTC) ballooned to a 19-month high this weekend, Ethereum (ETH) has kept apace, surging beyond $2200 for the first time since May 2022. On-chain analysts at CryptoQuant have identified three drivers behind the crypto’s stellar performance over the past month. Ultrasound Money Takes Effect As shared by analyst MAC_D, ETH...Read More
The largest cryptocurrency exchange – Binance – experienced an increase in the withdrawal of funds shortly after its chief executive, CZ, pled guilty to criminal charges. Although the mass exodus of digital assets from Binance has somewhat diminished, outflows persist. The latest data indicates a transfer of funds between Binance and Coinbase Pro. CZ pleaded...Read More
BlackRock may be preparing to launch a spot Ethereum (ETH) ETF amid roaring confidence that its spot Bitcoin (BTC) ETF application is all but certain, a new company registration suggests. The price of ETH has soared 8% on the day to $2,020. As shown by @SummersThings on Twitter, BlackRock registered a corporation named the “iShares...Read More
Solana has taken center stage, surging from $21 in mid-October to almost $45 the last week. After the downfall of FTX, SOL briefly dipped below $10, the recovery, however, was partly driven by surging activity on the network. The past month has seen a notable improvement in what initially was a challenging year for altcoins...Read More
Ethereum is getting more concentrated into the hands of whales, according to the latest data from on-chain analytics provider Santiment. On October 18, Santiment reported that billionaire Ethereum investors with more than 1 million ETH hold 32.2% of the available supply for the first time since 2016. Furthermore, Ethereum transactions exceeding $1 million hit their...Read More
Researchers at Standard Chartered Bank recently claimed that Ether (ETH), the second-largest cryptocurrency by market cap, could rise to 500% of its current price by the year 2026. The bank’s bullish prediction follows a similarly optimistic forecast for Bitcoin (BTC), which it claimed could reach $120,000 before 2025. Why ETH Could Skyrocket Per a research...Read More
Despite Ether’s significant price rally since the beginning of the year, there has been an evident downtrend in terms of investors holding over 1,000 ETH. Based on a Glassnode analysis, the total number of Ethereum addresses owning 1,000 or more ETH has dropped to a 5-year-low of 6,082. In comparison, there were over 8,000 such...Read More
The cryptocurrency market has witnessed a renewed surge in buying activity, sparking a relief rally among several prominent digital assets. Ethereum also experienced a sudden departure from its previous corrective path as prices swiftly rebounded from the $1,550 range surging to $1,635. But there could be more to this bullish turnaround. According to the latest analysis...Read More
Data from the Artemis Terminal reveals that Ethereum (ETH), the second-largest blockchain network by market capitalization, has surpassed Bitcoin (BTC) in terms of daily active addresses. According to the latest statistics, Ethereum boasts 1.03 million daily active addresses, while Bitcoin stands at 743,800. Santiment’s Insights into Ethereum’s On-Chain Activity According to a report by market...Read More
The 1inch Investment Fund’s crypto wallet has made a substantial purchase of Ether. Lookonchain – the popular blockchain analysis platform – highlighted the transactions and revealed that the wallet acquired 6,088 ETH at an average price of $1,655. In doing so, the wallet associated with the DEX aggregator spent over $10 million. Blockchain data pointed out...Read More
2022’s bloodbath and the subsequent market corrections, especially the sell-off in August, intensified Ether’s downside pressure. The world’s largest altcoin had plunged to $1,580. Multiple attempts to break above the $1,700 level failed as Ether settled near $1,644 before it finally shot up above the former yesterday. However, the data suggests that the asset is...Read More
In a surprising turn of events, a cryptocurrency whale has reported massive losses for going into long positions. Lookonchain detailed that the whale suffered major losses owing to poor timed long positions on perpetual contracts. This whale is really not good at perpetual contracts. The ETH-long positions of this whale were liquidated in the last...Read More
On Aug. 24, two more Ethereum futures ETF applications were filed with the U.S. Securities and Exchange Commission. ARK Invest and 21Shares have partnered on the latest two proposals. The two applications are for an “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and a “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY). We have two...Read More
On Aug. 15, the Ethereum Foundation listed projects and community events that received funding in Q2. Furthermore, the Foundation spent a total of $9.2 million supporting projects, conferences, and industry research. The largest number of recipients were community and education projects which included more than ten summits and conferences. Time to round up all the...Read More
On Aug. 18, Bloomberg cited ‘people familiar with the matter’ claiming that the regulator is not likely to block the products which many companies have been waiting on. Ethereum futures ETFs are not entirely bullish for ETH because they allow institutional investors to short the asset. However, approval will be a big win for the...Read More
However, fundamentals for the asset and network are as strong as ever. On Aug. 11, crypto industry and DeFi analyst Miles Deutscher highlighted some of Ethereum’s bullish fundamentals. “It’s hard not to be ridiculously bullish on Ethereum,” he said. Ethereum Fundamentals Strong Firstly, some of the world’s largest companies, such as PayPal, have chosen Ethereum...Read More
ETH prices have skyrocketed over $2,000 for the first time since mid-April following the Ripple victory over the SEC. Ethereum is up just almost 8% on the day, reaching a high of $2,020 during the Friday morning Asian trading session. Furthermore, the asset, which was also deemed a security by Gary Gensler and the SEC,...Read More
The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good,...Read More
Ethereum (ETH) appears trapped under $2000 after a stock rally has failed to push it past the price point, according to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Here’s what the analyst believes Ethereum needs to break the 12-month-long resistance level. Ethereum’s Major Resistance In a tweet on Thursday, McGlone said that $2000 looks...Read More
Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month. In fact, the total volume of crypto-asset staked has exceeded 20 million. The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking...Read More
Market-leading liquid staking platform Lido has enabled staked ETH withdrawals. The move came as Lido launched the V2 upgrade live to mainnet on May 15. The upgrade is the largest yet for the protocol, and it has two major components: “Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This...Read More
The number of ETH sitting on crypto exchanges continues to decrease and is now down to its lowest position since public trading began almost a decade ago. However, that has not stopped the price of the second-largest cryptocurrency from further dropping to a new 6-week low. CryptoPotato reported in late March that the Ethereum supply...Read More
Ethereum network’s active deposits have reached an eight-month high. This metric depicts the total number of all incoming and outcoming transactions involving deposit addresses and accounts for both user-to-exchange transactions – from a personal wallet to a deposit address, as well as from a deposit address to the main exchange wallet. According to the latest...Read More
A wallet that participated in Ethereum’s initial coin offering (ICO) in 2016, which remained dormant since then, has finally woken up after seven years and seven months. According to a tweet by on-chain analysis firm Lookonchain, the address transferred one ether (ETH) to a new address about 13 hours ago, marking its first transaction. The...Read More
Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange. On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH...Read More
With Ethereum’s long-awaited Shapella upgrade just around the corner, it seems very few network users plan to put the protocol change to immediate use. Data from IntoTheBlock shows that just 0.6% of Ethereum validators are planning to withdraw their stake after the hard fork. As tweeted by the market intelligence provider on Tuesday, just 3,614...Read More
The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US – Silicon Valley Bank – experienced what was essentially a bank run and was forced to shut down by authorities to prevent further panic. The government, in the face of the Federal Reserve and the...Read More
Bitcoin fell back to $22,000 on Thursday shortly after the Securities and Exchange Commission (SEC) laid charges against Kraken for the unregistered offering of its staking services. Kraken agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties, without admitting to or denying any wrongdoing. According to the SEC’s...Read More
The year started on a bullish note which aided the world’s largest altcoin to sprint towards its pre-FTX market cap levels. Days after struggling to overcome $1,600, Ethereum finally climbed past the resistance level on Tuesday amidst a broader market rally. Even as certain group of investors looking to pocket quick gains began offloading the...Read More
ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues...Read More
