Category: ethereum

The cryptocurrency market’s bullish momentum may slow after United States President-elect Donald Trump’s inauguration on Jan. 20, 2025, according to data on historical market performance during US election years. In the US, stocks — and cryptocurrencies such as Bitcoin (BTC) — perform well in the weeks after a presidential election and then cool off once…

Bitcoin (BTC) dipped below $95,000, but lower levels attracted buyers. Undeterred by Bitcoin’s sharp rally toward $100,000, the two largest corporate holders of Bitcoin, MicroStrategy and MARA Holdings, have continued to build their stockpile with fresh purchases in the past few weeks. Traders remain optimistic about Bitcoin’s prospects in December following the 37% gains in…

Ether is forming a convincing pattern on the price chart, signaling a potential surge of up to 97% within the next four months, according to a crypto analyst. “ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous crypto analyst Venturefounder…

Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover.  On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is…

Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season. Grayscale Trust Investment’s cryptocurrency holdings have increased by over 85% in market capitalization during the past month, according to Cryptorank data. Public watchlist: Grayscale Trust Investments. Source: Cryptorank The asset…

The Ethereum network has long been criticized for high transaction fees, which often exceed $4. However, the exponential growth of layer-2 blockchains has created a sustainable solution for decentralized applications (DApps) that require higher scalability. This ecosystem saw a 70% increase in volumes over the past 30 days, but can it match Solana’s success? Decentralized…

Ether’s price is set for more upward momentum based on growing investor interest and expectations of positive crypto regulations leading into 2025, which could set it up for a rally above $4,000. Ether (ETH) has outperformed Bitcoin (BTC) in open interest, with over $8.9 billion worth of open contracts, compared to Bitcoin’s $6.7 billion. ETH…

Scroll’s co-founder rebutted claims the Ethereum layer-2 network orchestrated a “predatory” token launch in October, dismissing the allegations as “wild” in a Nov. 28 post on the X platform. Sandy Peng, Scroll’s co-founder and CEO, said Scroll has “been reflecting on community feedback” and is “working on addressing this with Session 2,” Scroll’s planned follow-on…

Uniswap smashed its record for monthly volume across Ethereum layer 2s as decentralized finance (DeFi) buffs flooded back into the ecosystem.  According to data from Dune Analytics, Uniswap generated a record $38 billion in volume across major Ethereum layer-2 networks, including Base, Arbitrum, Polygon, Optimism and several others. The November record surpassed its previous highest…

Charles Hoskinson is arguably the best and worst thing about Cardano. Without him, of course, the chain would not exist — he’s driven its development over the past decade and claims he invested $450 million of his own funds into bootstrapping the network. But he’s also a magnet for bad publicity who makes everything about…

Blockchain infrastructure firm Flashbots has launched BuilderNet, a decentralized block-building network on Ethereum to “kill censorship” and solve one of the network’s biggest “chokepoints.” BuilderNet launched on Nov. 26, which it said aims to allow “many parties to collaborate in building blocks” comes at a crucial time as around 88% of all Ethereum blocks have…

While Bitcoin has pulled back from its all-time highs, traders are still hot on several altcoins, according to Santiment’s social sentiment tracker.  In a Nov. 26 post to X, the onchain analytics platform said that while Bitcoin (BTC) fell under $93,000 on Nov. 25, “Traders are still riding the hot altcoins and discussing specific stories…

The failure of the bulls to push Bitcoin (BTC) above $100,000 started a pullback, which is expected to find buyers at lower levels.  According to crypto tracking platform SoSoValue, United States-based spot Bitcoin exchange-traded funds (ETFs) witnessed the largest recorded inflows of $3.38 billion last week. Another major buyer of Bitcoin was MicroStrategy, a publicly…

Dr. XinXin Fan, the head of cryptography at IoTeX, recently co-authored a research paper titled Enabling a Smooth Migration Towards Post-Quantum Security for Ethereum. The research paper received a Best Paper award from the 2024 International Conference for Blockchain and argued that hash-based zero-knowledge technology is the most user-friendly way to quantum-proof the Ethereum network…

The Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee. Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivatives exchanges and expand the variety of…

China court says Bitcoin is a commodity but warns its related uses are illegal Cryptocurrencies are considered commodities in China and are not explicitly prohibited by law, according to commercial judge Sun Jie at Songjiang District People’s Court in Shanghai. However, crypto activities — like trading, issuance, or payments — are considered illegal financial activities.…

Ethereum’s native token, Ether (ETH), has consolidated between $3,000 to $3,250 over the past seven days. Now, the world’s biggest altcoin is eyeing the next leg up toward $4,000. As illustrated below, Ethereum has been up 9.65% over the past 24 hours, recovering a bullish position above the 50-day EMA level on the 4-hour chart.…

The United States Securities and Exchange Commission has sent $4.6 million in reparations to investors in Ethereum-based search engine BitClave’s initial coin offering (ICO), the agency said on Nov. 20. The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register its…

While decentralized finance (DeFi) promises to democratize financial markets, the Bank for International Settlements (BIS) says that liquidity providers (LPs) on decentralized exchanges (DEXs) are not as decentralized as they appear. On Nov. 19, the BIS published a working paper about Uniswap v3, one of the biggest DEXs in the DeFi landscape. In the study,…

Ether (ETH) has demonstrated strength over the last two weeks, rising 30% between Nov. 4 and 19. This rally saw the largest altcoin by market capitalization break above $3,000 for the first time since Aug. 2. ETH/USD daily chart. Source: TradingView Although its bullish momentum has slowed over the past few days, onchain data and…