Tag: ETH

Ethereum (ETH) price reclaims $2K as data shows a surge in network activity

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Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether’s price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased protocol fees, and Ethereum’s dominance in the non-fungible token (NFT) market. To assess whether Ether can sustain its $2,000 price point, one must consider the repercussions of Binance’s recent regulatory challenges following its plea deal with…

After 5% Surge, Is ETH Increase Just Getting Started?

Ethereum price recovered all losses and climbed above $2,050. ETH outperformed Bitcoin and might aim for more gains above the $2,120 resistance. Ethereum remained strong above $1,930 and started a fresh increase above $2,000. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is up over 5% and the bulls could aim for more upsides above $2,100. Ethereum Price Turns Green…

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

Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and Exchange Commission’s pending lawsuit against Binance. Bitcoin (BTC) and several major altcoins fell sharply on Nov. 21 following the Binance news but are finding support at lower levels. This suggests that traders stepped in after the initial knee-jerk reaction, and are buying at…

Richest ETH Wallets Go On Massive $124 Billion Buying Spree

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Ethereum whales have been bullish for a long time now, even through the stretched-out bear market of the last year, and their accumulation trends prove this. According to Santiment, the largest Ethereum wallets have been stacking up ETH at an alarming rate, suggesting that these large investors expect the price to keep going up. Ethereum Whales Buy $124 Billion Worth Of Tokens Santiment reports that the top 200 Ethereum whales have been buying ETH since November 21, 2022. This was just a few weeks after the FTX crypto exchange filed…

$1,000,000,000 in Ethereum (ETH) Leaves Centralized Crypto Exchanges in Just Three Weeks: IntoTheBlock

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A leading blockchain analytics firm says traders are moving Ethereum (ETH) out of centralized crypto exchanges en masse. In a new report, IntoTheBlock says it is looking at Ethereum’s exchange netflows, which tracks the ETH moving in and out of centralized crypto exchanges by subtracting the amount of a coin’s withdrawals from its deposits. According to the intelligence firm, Ethereum witnessed $320 million in outflows last week, bringing the total amount of outflows to $1 billion in just three weeks. Source: IntoTheBlock/X At time of writing, Ethereum is trading for…

Fidelity Joins Race for Spot Ethereum Exchange-Traded Fund, ETH ETF Would Be Major Win for US Investors: SEC Filing

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Financial services giant Fidelity is joining the roster of companies seeking to offer US investors a spot market Ethereum (ETH) exchange-traded fund (ETF).  A new filing with the U.S. Securities and Exchange Commission (SEC) shows that the $4.5 trillion asset manager is seeking to list and trade shares of the Fidelity Ethereum Fund.  “According to the Registration Statement, each Share will represent a fractional undivided beneficial interest in the Trust’s net assets. The Trust’s assets will consist of ETH held by the Custodian on behalf of the Trust. The Trust…

Hashkey-Affiliated Wallet Sells Over $90 Million ETH In 10 Days

A wallet linked to Hong Kong-based crypto exchange Hashkey has reportedly sold over $90 million worth of Ethereum in the past 10 days. This massive selling activity appears to have triggered a slight decline in the ETH market, sparking speculations on the token’s price trajectory. Crypto Whale Conducts Massive Ethereum Sell-Off According to a Sunday post on X  by blockchain analytics platform, Lookonchain, a crypto wallet with the address “0xD26e ” sold off 50,115 ETH, valued at $97.7 million, within a period of 10 days. Lookonchain notes that this wallet…

Ethereum Whistleblower To Reveal Proof Of ETH Founders’ Fraud

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Amid the ongoing Ethereum scandal, former Ethereum advisor and attorney Steven Nerayoff has recently revealed how he plans on sharing proof of Ethereum founders’ fraud activities in the early days of the cryptocurrency asset. Ethereum Founders’ Fraudulent Acts To Be In Lawsuit Following an X (formerly Twitter) post by a user Heidi from Crytotips, the crypto enthusiast was seen trying to underscore the lack of authenticity from Nerayoff’s claims. According to her, his accusations were a no-brainer due to the disclosure lacking proof of his accusations. However, Nerayoff in response…

Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more

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As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses.  In a tight regulatory environment, getting the green light from regulators has been crucial for companies, particularly during the crypto winter. Some countries have taken a stand by developing a crypto-friendly environment. For example, the United Arab Emirates continues to attract major crypto companies to its shores, with digital assets exchange Crypto.com recently…