The overall cryptocurrency market has shown strong bullish potential ahead of President-elect and pro-crypto advocate Donald Trump’s inauguration, scheduled for January 20, 2025. However, one thing that has been capturing the massive attention of crypto enthusiasts is the recent activity of crypto giants over the past week. Whales Purchase Over $1 Billion in ETH Recently,...Read More
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for massive upside momentum as it has formed a bullish price action pattern on the daily time frame. In the past few hours, sentiment across the cryptocurrency market has completely changed, with the price shifting from experiencing downside momentum to upside. Crypto Whale $5.92...Read More
Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has insisted that the regulatory body never classified Bitcoin and Ethereum as securities. Additionally, he separated the world’s largest cryptocurrency by market cap from other tokens, saying they still have to prove their actual value. A Clear Distinction for Bitcoin, Ethereum Gensler made the statements...Read More
A recent survey conducted by the on-chain analytics platform CryptoQuant has revealed key trends in demographics and digital asset exchange preferences for crypto users in 2024. According to a report shared with CryptoPotato, CryptoQuant carried out the survey between November and December 2024. There were 1,478 respondents, all residing in Asia, Europe, North America, South...Read More
Ethereum prices are back in the doldrums after slumping more than 11% over the past week. The network is also facing inflationary pressures as the ETH supply returns to pre-merge levels due to low demand. Nevertheless, the Ether bulls remained upbeat and confident that this year will see a new all-time high for the asset....Read More
Standard Chartered has announced the launch of a new entity in Luxembourg to serve as its regulatory entry point for providing crypto and digital asset custody services to clients within the European Union (EU). The multinational bank’s initial crypto services in the region will focus exclusively on Bitcoin (BTC) and Ethereum (ETH), with plans to...Read More
Bhutan’s newly established Special Administration Region – Gelephu Mindfulness City (GMC) – announced plans to recognize digital assets such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) as part of its strategic reserves. The latest move has made the region one of the first jurisdictions to officially hold digital assets within its reserve portfolio....Read More
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is flashing a sell-off signal, hinting at a notable price decline in the coming days. Over the past three days, sentiment across the cryptocurrency landscape has shifted noticeably toward the bearish side, leading to a substantial price drop. Ethereum (ETH) Technical Analysis and Upcoming Levels However,...Read More
In the first three days of this year, digital asset investment products experienced inflows totaling $585 million. However, the full week, including the last two trading days of 2024, recorded net outflows of $75 million. Globally, 2024 concluded with a record-breaking $44.2 billion in inflows. This figure is nearly four times the previous record of...Read More
Circle’s USDC has experienced a significant resurgence as its total circulating supply surged by 80% from its 2023 lows. As revealed by Blockwork’s data analytics manager Dan Smith, the stablecoin’s supply has reached nearly $44 billion as of January 2, 2025. The latest figure represents a stark increase from its 2023 low of less than...Read More
Ethereum’s performance in 2024 has been lackluster, with the asset gaining just 47% and failing to notch a new peak price or spend much time trading above $4,000. Meanwhile, Bitcoin surged more than 120% to a new six-figure all-time high in mid-December. However, analysts believe that Ethereum will outperform Bitcoin, which has been consolidating for the...Read More
Tron’s (TRX) price reached an all-time high of $0.44 in the first week of December 2024, smashing previous records amid a crypto-wide bull run that gained steam after Donald Trump’s presidential win. TRX’s return to the 10th position by market capitalization has brought a sense of revival to the community, yet its price continues to...Read More
The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value...Read More
The TRON blockchain has achieved a remarkable feat, processing $587.2 billion in USDT transfers during November 2024. This all-time high (ATH) reflects significant growth compared to $424.4 billion in September and $489.3 billion in October. TRON’s Stablecoin Boom The figure, captured by CryptoQuant analyst Maartunn, is noteworthy, considering in July 2019, the network only managed...Read More
Leading Ethereum’s re-staking protocol, EigenLayer has unveiled its second EigenLayer Improvement Proposal (ELIP-002). The latest move is expected to be a significant step towards accountability and operational efficiency in its ecosystem. EigenLayer Releases ELIP-002 According to the official post, the proposal introduces a penalty mechanism, known as slashing, alongside two innovative concepts: Unique Stake and...Read More
Analysts at the on-chain intelligence platform CryptoQuant have identified network dynamics that could push ether (ETH) above $5,000 in the coming weeks. Per a weekly report, the Ethereum network is seeing renewed demand and increased network activity. Valuation metrics suggest the second-largest cryptocurrency will trade above $5,000 if supply and demand dynamics continue. The asset...Read More
Electric Capital’s 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report,...Read More
Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance. Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency. Strategic Expansion Figures shared by the on-chain data platform...Read More
World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative endorsed by President-elect Donald Trump, has made headlines with a significant $12 million purchase. Using USD Coin (USDC), WLFI acquired various tokens, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). WLFI’s Crypto Buying Spree Blockchain analytics platform Lookonchain reported that the transactions were recorded on December...Read More
In a historic week for digital assets, investment products saw their largest weekly inflows ever, amounting to $3.85 billion, surpassing the previous record set just a few weeks earlier. This spike has driven total year-to-date inflows to $41 billion, while assets under management have surged to a new record of $165 billion, far outpacing the...Read More
A record 35.5% of BNB Chain’s blocks were affected by Sandwich attacks in November. Over the past week alone, 645 Sandwich Bots were found to be active on the chain. In total, roughly 43,400 DEX traders were impacted during the entire ordeal. Sandwich Bots Exploit BNB Chain According to data compiled by Dune Analytics, the...Read More
On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such as Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB) stirred curiosity across the digital asset sector. Details of the Transfers According...Read More
Bitcoin experienced outflows of $457 million in the past week, marking the first significant withdrawals since early September. CoinShares interpreted this figure as profit-taking after BTC tested the key psychological level of $100k. Short-Bitcoin products saw a modest inflow of $0.5 million during the past week. On the other hand, altcoins mostly attracted inflows, including...Read More
In November 2024, hacks accounted for an overwhelming 99.96% of total losses. During the same period, fraud and rug pulls fell significantly, contributing to just $25,300 in total losses across two incidents. According to the latest report by Immunefi shared with CryptoPotato, decentralized finance (DeFi) was the primary victim, with $71 million in total losses...Read More
Boyaa Interactive, a leading Chinese gaming firm on the Hong Kong Stock Exchange, has reallocated a significant portion of its crypto assets from Ethereum to Bitcoin. As per a November 29 filing, the company reported converting 14,200 ETH into approximately 515 BTC in an open-market deal worth more than $49 million. The Ethereum had been...Read More
Amid heightened activity across the crypto market, the Base network also experienced renewed momentum. Data from L2Beat revealed that Base’s total value locked (TVL) surged by more than 5% over the last week, surpassing $10 billion for the first time, with Aerodome Finance leading the charge reflecting the meme coin trading dominance. Since September’s brief...Read More
Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world’s second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook. Ethereum Open Interest Hits Historic High On November 26, 2024, on-chain analytics firm Coinglass revealed that Ethereum’s (ETH) Open Interest...Read More
Digital asset investment products experienced a record-breaking week, with $3.13 billion in inflows, pushing total investments since mid-September – the start of US interest rate cuts – to $15.2 billion. According to CoinShares, year-to-date inflows have soared to $37 billion, thereby setting a new milestone and outshining the initial success of US Gold ETFs, which...Read More
Consensys has announced the launch of Linea Association, an independent Swiss non-profit organization, to drive the growth and development of Linea, a zero-knowledge Ethereum Virtual Machine (zkEVM) Layer-2 rollup. The association will focus on advancing Linea’s open-source technology and governance, as well as Linea Mainnet. This move represents a step toward decentralizing the Linea network. According...Read More
On Nov. 12, Web3 venture capital firm Hack VC released research and analysis on Ethereum’s modular strategy. “In the short term, modularization likely hurts ETH price because of lower fees and reduced token burn, but this isn’t the whole story,” said Hack VC managing partner Alex Pack. Ethereum’s Future is Bullish Since 2020, Ethereum has...Read More
