Category: ethereum

Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally. The United States spot Ether (ETH) exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December. December’s $2.1 billion worth of inflows is nearly double…

United States spot Bitcoin exchange-traded funds racked up a staggering $35.66 billion in net inflows in 2024 — far exceeding early industry estimates, while the spot Ether ETFs finished strong, seeing net inflows of $349.3 million in the last four trading days to reach $2.68 billion since launch. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led…

Ethereum’s Ether (ETH) has been marred by under-performance over the last 18 months, seeing Bitcoin (BTC) and a swathe of other alternative layer-1 coins, including the likes of Solana (SOL) and Sui (SUI), dramatically outperforming it.  While ETH has gained 88% in the last 18 months, SOL has posted a 1,040% gain, and SUI has…

Solana staking pool Jito clocked monthly revenues from priority fees and tips of more than $100 million in November and December, according to a Dec. 26 note from Kairos Research, a cryptocurrency researcher.  In 2024, Jito’s validators scaled tip revenues by an average of 32% each month, Kairos said. Monthly income peaked in November at…

Bitcoin’s historic rally to the $100,000 milestone occurred among many significant crypto redemption stories in a year that further legitimized the industry’s status. The year’s events brought a resurgence for many notable crypto projects that had faced hardships, including Ripple Labs, which scored a significant legal victory against the United States securities regulator, while the…

As cryptocurrency continues to embed itself into the mainstream, its influence is becoming increasingly visible in today’s popular culture. From documentaries and music to reality TV and even live music events, 2024 showcased crypto’s evolving presence in ways that entertained, educated and sometimes baffled audiences.  Here are five notable instances where crypto made a mark…

Ether is showing signs of breaking out relative to Bitcoin in January 2025, according to a crypto analyst. TradingView shows Ether’s (ETH) relative strength to Bitcoin (BTC) — the ETH/BTC ratio — is currently at 0.0356, and MN Capital founder Michael van de Poppe said in a Dec. 24 X post that he “wouldn’t be…

Cryptocurrency hackers in 2024 surpassed the previous year’s achievements, stealing more than $2.3 billion worth of crypto from the Web3 ecosystem, a concerning sign for the industry’s mainstream acceptance. Crypto hacks saw a sharp uptick, driven by the appeal of increasing cryptocurrency valuations after Bitcoin (BTC) surpassed the $100,000 mark for the first time on…

Crypto.com has launched an institutional cryptocurrency custody service in the United States as part of a broader plan to expand its US presence, the crypto exchange said on Dec. 23.  Dubbed Crypto.com Custody Trust Company, the chartered trust is eligible to custody assets for US institutions and high-net-worth individuals, Crypto.com said.  Digital assets held by…

Restaking protocol EigenLayer’s slashing testnet went live on Dec. 20, with a mainnet launch pending approval of EigenLayer Improvement Protocol-002 (ELIP-002). The potential slashing upgrade will introduce Unique Stake Allocation for node operators and Operator Sets for Actively Validated Services (AVS) on EigenLayer. EigenLayer’s Actively Validated Services are projects that leverage the security of the…

Top Stories of The Week Hawk Tuah influencer speaks out after memecoin rug pull allegations Haliey Welch, the influencer behind the viral “Hawk Tuah” video clip, has released a statement after a memecoin bearing her handle was pumped and dumped quickly after its December launch. In a Dec. 20 X post, Welch said she was…

Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million.  On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days. By comparison,…

Ethereum’s price may remain range-bound between two key psychological levels in the near term as it continues to face difficulty holding above the $4,000 price level, according to a crypto analyst. “Ethereum continues to struggle with the psychological resistance of $4000,” pseudonymous crypto trader Rekt Capital said in a Dec. 20 market report. Over the…

Ether (ETH) price extended its downtrend on Dec. 20, dropping approximately 20% over the last four days. ETH is trading at $3,119, down roughly 15% over the last 24 hours.  Ether’s bearish performance on Dec. 20 mirrored similar downside moves elsewhere in the crypto market, with the total capitalization falling by approximately 9% to $3.21…

With the end of the year in sight, Asia Express looks back at some of the most significant developments for Bitcoin and cryptocurrency in the region in 2024. MicroStrategy’s Bitcoin blueprint  MicroStrategy has become the poster child for Bitcoin, snapping up 439,000 BTC, according to BitcoinTreasuries.NET — around 2% of the entire supply. Across Asia,…

Decentralized finance (DeFi) protocol Synthetix has begun accepting multiple token types as collateral for leveraged perpetuals trading on Coinbase’s Base network, Synthetix said on Dec. 18.  Launching so-called “multicollateral perps” on Base, one of Ethereum’s most popular layer 2 (L2) scaling networks, is part of a broader revamp of the DeFi protocol after a governance…

The Hong Kong Securities and Futures Commission (SFC) has more than doubled the ranks of approved virtual asset trading platforms (VATPs) with the addition of four firms. A rigorous licensing process Accumulus GBA Technology (Hongkong), DFX Labs, Hong Kong Digital Asset EX and Thousand Whales Technology (BVI) received licenses on Dec. 18. They joined HashKey,…

Pudgy Penguins’ native token, PENGU, is down more than 50% in the first hours of trading after the non-fungible token (NFT) project’s much-anticipated Dec. 17 airdrop.  The project has distributed approximately half of PENGU’s total supply of nearly 89 billion tokens to community members, with around 26% earmarked for NFT holders, according to Pudgy Penguins’…

Ethereum whale wallet holdings have reached their highest level ever, accounting for about 57% of all Ether in existence, according to onchain analytics platform Santiment. In a Dec. 16 post to X, the platform said that 104 whale wallets holding more than 100,000 Ether (ETH) each, collectively hold about $333 billion. Wallets holding between 10…

Bitcoin (BTC) continued its northward journey on Dec. 16, signaling continued demand from the bulls. Material Indicators co-founder Keith Alan said in a post on X that historically, Bitcoin makes “MACRO moves” at or around Dec. 17. He expects a rate cut by the Federal Reserve to boost Bitcoin’s prices higher but added that he…