Tag: ETH

Bitcoin (BTC) Price Dips Below $61K, Ether (ETH) Slips 3% as PlusToken Coins Moved to Exchanges

Earlier today, U.S. federal prosecutors charged crypto trading firms Gotbit, ZM Quant, CLS Global and MyTrade and their employees with market manipulation and fraud. Notably, a CoinDesk report in 2019 detailed how Alexey Andryunin, the co-founder of Gotbit and one of the individuals charged by prosecutors, built a business out of faking exchange volumes for tiny crypto tokens using trading bots to get listed on price aggregators like CoinMarketCap. Source

$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

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The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is part of an increasing trend in which large holders, colloquially known as “whales,” are selling their holdings in the face of this volatile market environment. A whale deposited 11,456 $ETH($27.8M) to #Binance in the past…

Solana’s SOL Is ‘Richly Valued’ Versus ETH Price, but Could Still Outperform If Trump Gets Elected: Standard Chartered

SOL’s ratio of market capitalization versus network fee revenues is 250, more than double than ETH’s 121. Solana’s supply grows around 5.5% annually, while ETH’s token inflation rate stands around 0.5% a year, they added. Higher inflation means that SOL’s real staking yield is 1%, compared to ETH’s 2.3%. Meanwhile, 38% of all established developers in the blockchain industry work on the Ethereum ecosystem, with Solana claiming a 9% share. Source CryptoX Portal

Binance’s BTC, ETH, USDT balances declined in September

Binance’s latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone. According to Binance’s 23rd PoR report, the exchange’s Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) holdings decreased in September.  Binance saw 9,577 BTC and 61,326 ETH leave the exchange last month. These assets are each worth $595 million and $148.5 million, respectively. Its USDT reserves also dropped by 3.16%, falling from $22.11 billion to $21.41 billion, showing an outflow of almost $700 million. On the other hand, Binance…

ETH expected to surge as investors eye ETH EFTs, as new DeFi coin raises $70k in 10 hours

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum ETFs face outflows amid geopolitical tensions, new opportunities like Cutoshi are emerging, drawing investor interest with its blend of memecoin appeal and DeFi features. Cryptocurrency ETFs made progress in 2024, with Ethereum ETFs approved and trading this year. Currently, the crypto ETF market size is around $82 billion, and it will increase drastically as we get ETFs in various sectors. Ethereum ETFs have not impacted the ETH…

Experts go all in on Intel Markets instead of overpriced ETH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Intel Markets, hailed as the future of crypto trading thanks to its AI integration, has become more compelling than Ethereum and Solana. The crypto market might be in its infant stage compared to traditional finance but isn’t short of potential. Beyond the seemingly overpriced Ethereum (ETH) and Solana (SOL), Intel Markets (INTL) is a promising player to watch out for. Brimming with potential, the viral AI crypto seeks to…

Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies

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According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.  While Ethereum has experienced some rebound in the last day gaining by 3.21%, investors remain uncertain of a full price recovery with bearish sentiments raving through the market. Notably, an Ethereum ICO participant has now sold off a substantial amount of…

BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses

On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday, […] Source CryptoX Portal

108,000 ETH Sent To Exchanges, Will It Revisit $2,200?

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Este artículo también está disponible en español. Ethereum (ETH) has seen a 10.3% drop from last week’s highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction. Related Reading Ethereum Whales Send Millions To Exchanges Ethereum has struggled to reclaim some key resistance levels since the October 1 correction. On Tuesday, the cryptocurrency saw its price nosedive from the $2,600 zone to the $2,300 mark, hovering between the lower and higher range of that support level for the past…