Category: ethereum

Bitcoin (BTC) recovered sharply from the weekly lows and is charging toward the all-time high of $104,088. VanEck expects the cryptocurrency bull market to hit its first peak in the first quarter of 2025. After that, the asset manager anticipates a 30% pullback in Bitcoin and a sharper retracement of up to 60% in altcoins.…

Ethereum liquid restaking protocols saw their total value locked (TVL) increase by almost 6,000% in 2024 as demand for staked asset utility grew significantly.  According to data from decentralized finance (DeFi) aggregator DefiLlama, liquid restaking TVL on the Ethereum network was approximately $284 million on Jan. 1. By Dec. 15, that figure had climbed nearly…

Ether could surpass its previous all-time high during the first quarter of 2025, according to market analysts. Ether (ETH) has been unable to remain above the key $4,000 psychological threshold despite Bitcoin (BTC) breaching the record $100,000 high on Dec. 6 for the first time in crypto history. However, Ether may soon start catching up to Bitcoin’s gains…

Ether is setting up for a rally above $5,000, coined as a “minimum target” by crypto analysts anticipating a cycle top above $15,000 for the world’s second-largest cryptocurrency. In the wider crypto space, Avalanche closed a $250 million private locked-token sale from over 40 companies ahead of Avalanche9000, purportedly the most important upgrade in the…

ZKsync has announced ambitious goals to achieve more than 10,000 transactions per second (TPS) and reduce transaction fees to as low as $0.0001 by 2025. ZKsync is a layer-2 (L2) scaling solution that uses zero-knowledge proofs (ZK-proofs) to improve the scalability, security and privacy of the Ethereum mainnet. In an effort to improve usability, ZKsync…

The Eigen Foundation announced that it will allocate 1% of the EIGEN token supply to the Protocol Guild — a group of core developers responsible for maintaining the Ethereum layer-1 blockchain. According to the Eigen Foundation, the funds will be used to support the continued work of the Protocol Guild, which currently boasts 180 members…

Surging institutional inflows could cause Bitcoin (BTC) “demand shocks” in 2025 and potentially send BTC’s price soaring, according to a Dec. 12 report by Sygnum Bank, a crypto-focused asset manager.  Institutional capital flows are already exerting a “multiplier effect” on BTC’s spot price, with every $1 billion worth of net inflows into spot exchange-traded funds…

Alabama state auditor Andrew Sorrell has endorsed the establishment of a state Bitcoin reserve in an interview with a local publication. The many pros of crypto Sorrell is a former state legislator and long-time supporter of cryptocurrency. He told 1819 News that embracing cryptocurrency would attract business to the state and enhance the stability of…

Decentralized exchange (DEX) Raydium has surpassed Uniswap in monthly volumes for the second month in a row, according to a Dec. 10 Messari report.  In November, Solana native Raydium beat Uniswap — generally the most popular DEX — in monthly volumes by roughly 30%, or approximately $30 billion, according to the report.  This followed a…

Blockchain researcher Max Resnick jumped from Ethereum infrastructure firm Consensys to Solana research and development firm Anza after recently opposing key aspects of Ethereum’s roadmap. “I’m taking my talents to Solana,” Resnick said in a Dec. 9 X post after revealing he’d started work at Anza the same day. Resnick, who worked as head of…

Bitcoin (BTC) has pulled back near $98,000, indicating that the bears continue to fiercely defend the $100,000 level. CryptoQuant contributor Maartuun said in a post on X that long-term holders offloaded 827,783 Bitcoin since Nov. 8. He also highlighted several other signals in the thread, which suggest that Bitcoin may be close to a top.…

Top Stories of The Week SEC to reject bids for spot Solana ETFs — Report The United States Securities and Exchange Commission is set to reject applications in line for spot Solana exchange-traded funds (ETFs). The agency has notified at least two of five issuers seeking approval for a Solana ETF, according to Fox News…

Non-fungible tokens (NFTs) started strongly in December, with Ethereum leading the top digital collectible blockchains in sales.  On Dec. 8, NFT data tracker CryptoSlam reported that digital collectibles recorded more than $187 million in weekly sales volume during the first week of December, continuing an upward trend that began in October. The opening week of…

As the Ethereum layer-2 (L2) ecosystem continues to expand and encompasses most of the daily economic activity on the Ethereum blockchain, the problem of centralization persists. Elena Sinelnikova, co-founder of the Metis L2, recently told Cointelegraph that layer-2 scaling solutions should adopt decentralized sequencers to maximize anti-fragility and censorship resistance. According to Sinelnikova, most layer-2…

Ethereum’s native token, Ether (ETH), has maintained a slow and steady rise over the past three weeks, rising 28% since Nov. 18. Despite a flash spike down to $3,615 on Dec. 5, the altcoin has sprung back and now trades above $4,000. Ethereum 4-hour chart. Source: Cointelegraph/TradingView Its yearly high value remains at $4,098, and…

The price of Ether (ETH) has broken past the $4,000 price level following months of lackluster price performance — reclaiming levels not seen since March 2024. The release of the Dencun upgrade in March 2024 dramatically lowered fees for Ethereum layer-2 scaling networks, causing Ethereum layer-1 revenues to collapse by 99%. Decreased fees translated into…

The ‘Asian MicroStrategy’ exits crypto Chinese selfie app developer Meitu has cashed out all of its cryptocurrency holdings, earning roughly an 80% profit. The company began selling its crypto assets in November.  In a Dec. 4 statement, Meitu confirmed that it no longer holds any cryptocurrencies. Meitu invested in 31,000 Ether and 940 Bitcoin in…

In episode 65 of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, explores the state of non-fungible tokens (NFTs) and their future. Speaking to host Elisha Owusu Akyaw, Bertram acknowledged the decline in NFT trading volumes but argued the technology remains significant. Return of the NFT? Bertram explained that the…

With Bitcoin hitting new all-time highs and closing in on the psychologically important $100,000 mark, a major topic of conversation is Ether’s underperformance compared with the rest of the market. According to CoinMarketCap, ETH dominance is down to 12.6% at the time of writing, its lowest level since April 2021.  The Flippening is further away…

The cryptocurrency market regained some footing after South Korean President Yoon Suk-yeol reversed his declaration of martial law — less than six hours after imposing it.  The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. Around 190 lawmakers in the country’s 300-member parliament voted to reject the martial…