Tag: ETH

Ethereum L2 development is ‘double-edged sword’ for ETH value

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Ethereum’s push toward layer-2 (L2) blockchain scalability may be a double-edged sword for Ether, potentially weakening the value accrual of the world’s second-largest cryptocurrency, according to a new report from Binance Research. The report suggests that Ethereum’s L2 blockchain networks — built to improve mainnet scalability and lower transaction costs — may be cannibalistic of the Ethereum base layer, negatively impacting the price of Ether (ETH). Ethereum’s dominance in terms of decentralized exchange (DEX) volume and fees generated is “under threat” by Solana and BNB Smart Chain, Binance Research wrote.…

Price analysis 4/14: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO

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Bitcoin price pushed above a long-term descending trendline but will potential selling near 200-MA cap the upside in BTC and altcoins? Bitcoin (BTC) bulls are trying to start the week on a positive note by pushing the price above $85,000. Michael Saylor’s Strategy has used the recent dip to buy 3,459 Bitcoin for $285.5 million at an average price of $82,618. That boosts the total holding of the firm to 531,644 Bitcoin purchased at an average price of $67,556. However, not everyone is bullish in the near term. Several institutional…

Pi Network (PI) Eyes $1 Post Chainlink and Possible ETH Integration

Key Notes Pi Network is reportedly planning to integrate with the Ethereum Blockchain. Chainlink recently added Pi to its 22 new real-time decentralized data feeds. Pi is currently trading near $0.75, a key resistance level. Pi Network is reportedly integrating with the Ethereum blockchain, a move set to revolutionize how decentralized applications built within the Pi ecosystem handle on-chain payments. Earlier today, Pi advocate Brian Christian Alexander revealed that developers will soon be able to link ERC-20 wallets to accept fast and secure USDT and USDC payments. The Times of…

Ethereum Whale Moves Big: 16K ETH Buy Sparks Price Floor Hype

Key Notes An Ethereum whale purchased a massive 15,953 ETH worth $26.16 million. Analyst Merlijn The Trader has predicted that ETH could hit $8,000 soon. Ethereum Foundation’s Tomasz Stańczak shared a simplified ETH roadmap. Leading digital asset Ethereum ETH $1 639 24h volatility: 1.2% Market cap: $197.69 B Vol. 24h: $15.21 B has reclaimed the $1,600 price level after underperforming the majority of the current market cycle. However, market analysts suggest that the digital asset has potentially reached the bottom and the rally could resume from hereon. In a transaction…

Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets

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Malware operations targeting holders of Ethereum, XRP, and Solana cryptocurrencies have been exposed by cybersecurity researchers. The threat attacks Atomic and Exodus wallet owners by using compromised software packages installed by developers unaware of the malware contained in the code. The malware, upon execution, is able to send cryptocurrency to thief-held addresses with no indication on the wallet owner. How The Attack Works Researchers say the attack starts when developers unwittingly include hacked node package manager (NPM) packages in their projects. One such package named “pdf-to-office” appears genuine on the…

Ethereum (ETH) Consolidates Within Tight Range As Key Support Level Forms

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

Bitcoin (BTC) is showing strength as buyers have pushed the price above $82,500, but higher levels are likely to attract solid selling from the bears. CryptoQuant analysts said in a recent market report that Bitcoin could face resistance around $84,000, but if the level is surpassed, the next stop may be $96,000. Although trade tensions between the United States and China have flared up, institutional crypto investment firm Bitwise remains bullish on Bitcoin. Bitwise chief investment officer Matt Hougan said in a post on X that the firm’s previously predicted…

World Liberty Financial Denies Report of Selling Ethereum, Will ETH Price Bounce Back Quick?

Key Notes A WLFI spokesperson labeled the allegations as “wholly inaccurate” and affirmed that WLFI has not sold any of its holdings. Ethereum price drop below $2,000 has sparked heightened whale activity with a newly created wallet accumulating 9,610 ETH. Crypto analyst Ali Martinez highlighted that Ethereum’s entity-adjusted dormancy flow has dropped below 1 million, which talks of undervaluation. World Liberty Financial (WLFI), the cryptocurrency project linked to US President Donald Trump, has rejected recent reports of them selling $8 million worth of ETH ETH $1 563 24h volatility: 2.1%…

Ether Whale Dumps $22M of ETH After Holding Since 2016

Ether (ETH) fell to a two-year low of $1,412 this week and the volatility appears to have been too much for one long-time holder, who sold of the majority of their stash acquired at around $8 in 2016. On-chain data shows that the wallet in question swapped 14,015 ETH for $22 million USDC over a 15-hour period on decentralized exchange Uniswap. Wallet transactions (Etherscan) The investor also sold 6,630 ETH in May 2022 and 4,035 ETH in June 2023 — each time during a major market dip. This time was…

Ethereum OG Dumps 10,702 ETH After 2 Years in Dormancy

Key Notes Ethereum whale just dumped more than $16 million in coins unexpectedly. There is a growing trend of Ethereum whales selling off their coins, marking a vote of no confidence in the asset. Price remains under bearish pressure despite a recent rebound in the broader market. A long-time Ethereum holder has sold off a huge amount of ETH ETH $1 589 24h volatility: 9.5% Market cap: $191.76 B Vol. 24h: $32.89 B after two years of complete inactivity. The sale has stirred interest across the community based on its…