Ethereum

Despite Bitcoin being up over 100% year-to-date (YTD), a recent report shows that this hasn’t necessarily translated to profits for the network’s miners. Instead, these miners seem to be experiencing a downturn in their revenue even as the Bitcoin Halving looms.  Related Reading: Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days? Bitcoin Miners’ Revenue Down By Over 30% According to a report by BanklessTimes, the revenue of these miners is down by over 30% in the past six months. Interestingly, these miners had their most profitable month when Bitcoin’s price was just picking up at the beginning of the year. Their revenue soared to as high as $918.8 million in January. In the months after that, there was a significant decrease in the revenue earned. Things began to pick up again in October, as that month represented their second-highest monthly earnings of 2023.  They are reported to have earned $885 million in that period. However, the downward trend resurfaced in November as these miners saw a drop in their revenue once again. The total earned in that month stood at $615.1 million.  Commenting on this data, BanklessTimes crypto expert Alice Leetham noted how this has become a cause for concern. This brought about the need to analyze factors that may be contributing to this downward trend.  BTC market cap currently at $758 billion on the daily chart: TradingView.com Related Reading: Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024 Factors Contributing To The Trend The volatile nature of Bitcoin prices has been singled out as the most obvious factor affecting miners’ revenue. Bitcoin’s failure to meet certain price projections has directly impacted the profitability of mining projections.  There is the likelihood that certain miners doubled down on their operations in hopes that the crypto token will hit certain milestones, and that hasn’t happened.  Bitcoin mining difficulty adjustment is said to be another factor for this downward trend. Mining difficulty becomes higher as more miners enter the network. This ultimately leads to a decrease in miners’ revenue as more persons are competing to mine a block. Bitcoin’s popularity hasn’t helped in this regard, as the network continues to attract an increasing number of miners.  Meanwhile, there is also the Bitcoin Halving event, which will be playing in the minds of these miners. This is when miners’ rewards are cut in half. The next one is scheduled for April 2024. With this downward trend and the halving on the way, it isn’t surprising that these miners are looking to diversify their operations.  BanklessTimes, however, believes that things could start looking up once again for these miners. They highlighted the ongoing advancements and increasing acceptance of Bitcoin as factors that might help “counterbalance these difficulties.” Featured image from Shutterstock

Bitcoin Miner Revenue Sees Massive 6-Month Crash – What’s Going On?

As we march towards 2024, the cryptocurrency market stands at the cusp of a transformative era, with the anticipated approval of Bitcoin and Ethereum spot ETFs. This pivotal development, coupled with the ongoing market recovery, is laying suitable ground for burgeoning investment opportunities. The potential mainstream adoption of these digital currencies by traditional market players 
The post Top 5 Crypto Coins Under $1 To Watch In 2024 appeared first on CoinGape.

Top 5 Crypto Coins Under $1 To Watch In 2024

Sales of non-fungible tokens (NFTs) experienced a notable surge in November, with a 129.01% increase in sales volume compared to October. Additionally, NFTs created on the Bitcoin blockchain surpassed those on Ethereum in terms of sales this past month. This shift can be attributed to a marked rise in Ordinal inscription minting and trading activities […]

NFT Sales Boom in November — Bitcoin Dethrones Ethereum in Market Surge

What Are Altcoins? Guide: How To Spot Altcoin Season And How To Buy

As the year draws to a close, cryptocurrency enthusiasts are eagerly anticipating a potential boom in the market, especially for the top 5 cryptos we have examined below, with December poised to be a pivotal month for digital assets. Among the myriad of cryptocurrencies, five stand out as prime candidates for a major price explosion. Cardano (ADA), Celestia (TIA), THORchain (RUNE), Terra Classic (LUNC), and the perennial giant Bitcoin (BTC) have captured the attention of investors and analysts alike. With unique features, strong fundamentals, and a buzz of anticipation surrounding them, these top-tier cryptos are positioned to make significant moves in the coming weeks, potentially reshaping the landscape of the crypto market. Related Reading: Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024 Top 5 Cryptos Set To Rally This December Bitcoin (BTC) Bitcoin is moving rapidly in the direction of the $40,000 mark. The potential approval of a Bitcoin ETF by the Securities and Exchange Commission is one of the many variables driving the price of bitcoin. In the 24 hours leading up to early Friday morning, the price of bitcoin increased 3.2%, reaching approximately $38,856, according to statistics provided by price tracker Coingecko. Coincodex has a more bullish prediction for Bitcoin, seeing the crypto hitting $58K in the coming month. Source: Coincodex Analysts such as CryptosRUs anticipate that Bitcoin will soon reach $40,000 and even more, pointing to the impending halving event and possible approvals for ETFs as major catalysts. Cardano (ADA) As November came to an end, Cardano (ADA) saw a 30% increase in price, marking its second consecutive month-over-month gain. Around the present rates, bullish traders have actively placed orders to buy an additional 41.7 million units of the coin, greatly outnumbering sell orders. According to cryptocurrency expert Crypto, ADA can surpass the $0.90 threshold in less than six months. The primary cause is the explosive growth of decentralized banking apps on Cardano, with a $250 million increase in total locked value over the previous year from $50 million. #Cardano sits at a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA. With minimal resistance ahead and solid support below, remaining above this zone could pave the way for $ADA to climb to new yearly highs. Still, watch out, as losing… pic.twitter.com/GDjhspFSVr — Ali (@ali_charts) November 27, 2023 Analyst Ali Martinez projected in November 2023 that ADA would reach annual highs, which would be advantageous for the coin’s prospects in 2024. Celestia (TIA) Because Celestia (TIA) is the industry’s first modular blockchain network and has huge future potential, market experts believe it will be a worthwhile investment in 2023. The price behavior of Celestia (TIA) shows a bullish pattern, with local support at $6.20 and resistance at $7.27. Following the breakdown of the resistance, experts predict a possible rally toward $8. Bulls claim that TIA may rise as high as $9.70 by the end of 2023, despite the fact that the Celestia mainnet went live on October 31. As of today, the market cap of cryptocurrencies stood at $1.4 trillion. Chart:  TradingView.com Crypto Year-End Rally THORChain (RUNE) The value of THORChain (RUNE) increased from $3.76 last week to $6.35 by the end of November, a 70% increase driven by the rise of THORChain as the second-largest decentralized exchange. Overall, the coin’s mood is still positive. Forecasts for the end of 2023 indicate that there may be a peak at $10.2, with crucial support levels between $3.4 and $4 being essential to maintaining this development trajectory. The price of THORChain (RUNE), a decentralized liquidity protocol token, is continuing to rise, exhibiting a bullish bias in its trade. Related Reading: Shiba Inu Ripple: Massive $300 Billion Transfer Sends Crypto Community Into Speculation Source: Santiment Terra Classic (LUNC) Completing our list of the top 5 cryptos for the weekend is the Terra Classic (LUNC). The past month has seen tremendous price action for LUNC; in just one day, the token has increased by over 22%, and over the course of the previous month, it has increased by almost 130%. Following a significant price increase, traders are talking favorably about LUNC. After its recent collapse, sentiment analysts predict that the tokens will see a resurgence in value. The cryptocurrency will most likely reach $0.001 by 2024 if the bullish trend for LUNC continues and additional ecosystem growth takes place, even though short-term price behavior is unpredictable. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock

Top 5 Cryptos Set For A Price Explosion This December – ADA, TIA, RUNE, LUNC, BTC

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Why Are Ethereum Validators ABANDONING The Network?!?

Leading crypto analytics firm Santiment says the largest non-exchange Ethereum (ETH) wallets are gobbling up the second-largest digital asset at record rates. Santiment says Ethereum wallets are “forming an encouraging pattern.” The analytics firm notes that the 10 largest non-exchange Ethereum wallets now hold more than 41 million ETH for the first time ever, while […]
The post Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment appeared first on The Daily Hodl.

Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

In the last week, Bitcoin has garnered much attention, gaining 2.58 % in seven days, according to data from CoinMarketCap. During this time, the premier cryptocurrency has moved from trading around  $37,800 to almost breaching the $39,000 price mark.  Following this positive price movement, Bitcoin has recorded some impressive metrics, which could bolster investors’ interest in the coming weeks. Related Reading: Coinbase (COIN) Up By 250% – Here’s Why It’s Outperforming BTC And ETH Bitcoin Experiences Highest Profitability Level In Two Years Via a Friday post on X, blockchain analytics firm IntoTheBlock reported that 81.35% of all Bitcoin holders are currently in profit. This marks the highest profitability level experienced by BTC investors since December 2021, when the token was valued at over $50,000. Interestingly, Bitcoin’s profitability is likely to go higher, with several factors indicating the market leader may soon cross into the $40,000 price zone.  Firstly, there is currently a high level of optimism regarding the approval of a Bitcoin Spot exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). On Friday, Bloomberg analyst James Seyffart injected much hype into the crypto community as he predicted that this potential approval order would come between January 8 – January 10, 2024. Therefore, in anticipation of the massive institutional demand a spot ETF could introduce to the BTC market, investors are likely to start increasing their Bitcoin holdings, which could result in a price boost in the following weeks.  Furthermore,  the US Federal Reserve Chairman Jerome Powell has made statements suggesting that there would likely be no more rate hikes in the coming months. This development, if true, paves the way for Bitcoin, alongside other digital assets, to experience more price gains as increases in fed rate hikes are known to discourage investments in high-risk assets such as cryptocurrencies.  However, despite these favorable indicators, it is worth stating that the crypto market remains subject to multiple forces, and all investors are advised to conduct proper research before engaging with the market. Related Reading: Mystery Bitcoin Whale Who Bought 10,000 BTC Has Been Exposed Bitcoin Network Fees Slashed By 50% In other positives for the BTC community, the Bitcoin network experienced a 50% decline in total fees in the last week. IntoTheBlock reports that this development was due to a drastic decline in ordinals-related transactions. The Ordinals protocol, launched in January 2023, allows the creation of non-fungible tokens (NFTs) known as BRC-20 tokens on the Bitcoin network. Similar to the Ethereum network with its native NFTs, a high level of interest in Ordinals results in high network fees and vice versa.  At the time of writing, Bitcoin trades at $38,758, with a 0.17% decline in the last hour. Meanwhile, the asset’s daily trading volume is up by 4.97% and is valued at $20.37 billion.  BTC trading at $38,810 on the daily chart | Source: BTCUSD chart on Tradingview.com Featured image from iStock, chart from Tradingview

Over 80% Of Bitcoin Holders Now In Profit – Report

It looks like a major cryptocurrency project within the space might be gearing up for a major overhaul of their systems. A cryptocurrency company that has been hounded by the SEC looks like theyre changing their entire operation. The SEC has claimed that a number of tokens listed by the cryptocurrency exchange Kraken are securities and it looks like Bitcoin.. just wont move. 

Articles: https://thecoinrise.com/ethereum-co-founder-teases-plans-to-revamp-ethereum-staking/
https://thecoinrise.com/fidelity-investments-seeks-sec-approval-for-its-ethereum-etf/
https://cryptopotato.com/celsius-announces-transition-to-bitcoin-mining-focus/
https://thecoinrise.com/u-s-sec-sues-kraken-for-securities-law-violation/
https://cryptopotato.com/the-list-of-cryptocurrencies-the-sec-called-a-security-in-the-latest-kraken-lawsuit/
https://www.coindesk.com/markets/2023/11/23/bitcoin-supply-inactive-for-a-year-hits-record-high-of-70/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://u.today/xrp-breaks-ground-in-europe-explosive-debut-of-exchange-product-set-for-december-2023
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Crypto News: HUGE Ethereum Update, ANOTHER ETF Coming, SEC Crackdown, These Altcoins Are Securities

A crypto whale is attracting attention for going on a massive buying spree, purchasing over $180 million in digital assets within days. According to the blockchain-tracking service Lookonchain, the deep-pocketed investor scooped up about $187 million in cryptocurrencies in three days, including Bitcoin (BTC), Binance ecosystem’s native token Binance Coin (BNB) and Ethereum (ETH). “It […]
The post Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain appeared first on The Daily Hodl.

Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain

This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC,  Reddit renounced Moons’ contract completing the decentralization of the token, and Bitfinex’s tokenized bond raised only $1.5 million of its initial target of $10 […]
The post Vitalik Buterin’s Plans, Changpeng Zhao’s Hooks, Michael Saylor’s Shoppings and 20 Crypto Jokes appeared first on Cryptonews.

Vitalik Buterin’s Plans, Changpeng Zhao’s Hooks, Michael Saylor’s Shoppings and 20 Crypto Jokes

"While there is potential for Ethereum to reach new highs, it's important to approach such predictions with caution," ChatGPT stated.

We Asked ChatGPT if Ethereum (ETH) Price Will Reach ATH in 2024

Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning. The alpha coin’s supporters credit its strong success thus far to the excitement around spot Bitcoin ETFs, like the one put up by BlackRock, which might be approved at any time. Related Reading: Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024 During European morning hours on Friday, Bitcoin almost reached the coveted $40,000 mark, hitting $38,810 for the first time since May 2022. Expectations of increasing institutional demand have supported the increase, which is a continuation of a solid multi-month run. Data from cryptocurrency market tracker Coingecko indicates that the coin is up approximately 2% on the day, and sustaining a 3% gain in the last seven days. Expert Predictions For Bitcoin: What They Say Experts are becoming increasingly fixated on the ETF, as approval of the product approaches. An important piece of information comes directly from Bloomberg analyst James Seyffart, who projects that the clearance date would occur between January 5 and January 10, 2024. This projection follows a string of purposefully extended deadlines, indicating a concerted attempt by the SEC to accept several ETF applications at the same time. Okay the window for potential spot #Bitcoin ETF approval is looking like its gonna be between Jan 5 & Jan 10 2024. I spoke with @thomasg_grizzle & @ScottW_Grizzle this morning and nailed this call. https://t.co/sOU950QlXj pic.twitter.com/y9JYdEpjNH — James Seyffart (@JSeyff) November 30, 2023 Seyffart’s analysis focuses on the timelines for Hashdex and Franklin Templeton, suggesting that the timeline to green light all 12 spot Bitcoin ETF applications may coincide between January 5 and 10. The founder and chief market strategist of NorthmanTrader, Sven Henrich, offered his predictions for the present and future of the Bitcoin market. He examined short-term forecasts, the structural soundness of the market, and made comparisons with past market patterns. BTCUSD currently trading at $38,806 on the daily chart: TradingView.com Henrich projected a possible shift to between $41,000 and $43,000, especially as the year came to a finish. He did, however, stress the need for caution because of the cryptocurrency’s association with more general market trends, particularly in the tech industry. Mike Novogratz, a well-known businessman and cryptocurrency advocate, expressed unrelenting optimism about the trajectory of Bitcoin and attributed his positive perspective to the much anticipated approval of a spot Bitcoin ETF. Related Reading: Shiba Inu Ripple: Massive $300 Billion Transfer Sends Crypto Community Into Speculation Is $41K The Next Stop For Bitcoin? Novogratz thinks that Bitcoin’s value will go through the roof if big financial entities like BlackRock and Fidelity start to use it, which will cause its price to reach all-time highs. The bitcoin community is growing increasingly optimistic that the price of the cryptocurrency may rise to $41,000 in the next few days as it approaches the $40,000 threshold. Because of the market’s volatility, traders are constantly on the lookout for the next move. It is unclear if Bitcoin will run into resistance or continue on its current upward trend. By constantly observing price charts and market indicators, investors prepare themselves for the dynamics of the market as they develop. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock

Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days?

The shares of Coinbase Global (COIN) have been on a tear in recent weeks, emphasizing its positive performance in 2023. While the recent resurgence experienced by the exchange’s shares coincides with the climate shift in the general cryptocurrency market, the latest price data reveals that COIN might actually be doing better than the market leaders, Bitcoin and Ethereum, since the turn of the year. Here’s Why Coinbase (COIN) Is Up By 250% In 2023 A recent report by crypto intelligence platform IntoTheBlock has revealed that COIN is amongst the crypto-related stocks enjoying the overall positive trend in the cryptocurrency space. This positive momentum recently pushed the price of the Nasdaq-listed Coinbase stock to an 18-month high of around $115. According to data from IntoTheBlock, the COIN shares have surged in value by more than 60% in the past three months. A look at the broader price chart shows that the stock has increased by approximately 250% year-to-date (YTD), outperforming Bitcoin’s and Ether’s YTD upswing of 130% and 75%, respectively. Related Reading: Ethereum Price Prediction: Crypto Analysts Reveal Catalyst That Will Drive Price Above $3,500 In their report, the crypto analytics firm highlighted that one of the crucial factors behind Coinbase’s increasing valuation is likely to be its trading volumes. Notably, the company’s trading volumes in the fourth quarter have already surpassed the figures recorded in the third quarter, even though there is still December to go in the current quarter. Additionally, IntoTheBlock cited the recovering market cap of the USDC stablecoin as one of the potential factors driving Coinbase’s valuation. The continued adoption of Coinbase-incubated Ethereum layer 2 network Base was also mentioned as another possible reason behind the resurgent COIN price. Meanwhile, Binance’s troubles in the United States have also somewhat benefited its biggest competitor, Coinbase. Last week, the world’s largest exchange admitted to being guilty of violating anti-money laundering policies in the US, leading to the payment of $4.3 billion in fines and the resignation of founder Changpeng (CZ) Zhao. As of the close of trading on Friday, December 1, the price of COIN stood at $133.76, marking a 7.25% increase in a single day. Bitcoin And Ethereum Price According to CoinGecko data, the prices of Bitcoin and Ethereum currently stand at $38,744 and $2,090, respectively. Ether has not witnessed any significant changes in price over the past week, while Bitcoin swelled by more than 2.5% in the last seven days. Related Reading: Bitcoin’s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024 With market caps of $757 billion and $250 billion, Bitcoin and Ethereum continue to maintain their positions as the largest cryptocurrencies in the market. Coinbase (COIN) price continues to rally higher on daily timeframe | Source: COIN chart on TradingView Featured image from Shutterstock, chart from TradingView

Coinbase (COIN) Up By 250% – Here’s Why It’s Outperforming BTC And ETH

In a surprising turn of events, Ethereum ($ETH) has experienced a substantial surge today, delighting the Ethereum community with a notable 4% increase (currently at $2,104). As the cryptocurrency inches closer to its previous yearly high at $2,137, speculations are rife among market analysts, enthusiasts, and investors regarding the driving […]

Ethereum ($ETH) Marks Noteworthy Surge Towards Yearly High Amidst Positive Whale Activity

A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024. This optimism is rooted in the current Bitcoin put-call options ratio, a critical option market metric. Related Reading: Bitcoin Alert: $137 Million Moved By Long-Sleeping Whale, Market Braces For Impact Deribit’s Insight: Bitcoin Calls Outpace Puts Signaling Market Confidence Notably, options are financial instruments that give traders the right, but not the obligation, to buy (call options) or sell (put options) an underlying asset at a specified price within a set time frame. The put-call ratio is used in options trading to measure market sentiment. A put option signifies a bet on the price of an asset falling, while a call option represents a wager on its rise. A lower put-call ratio indicates that more traders are betting on the asset’s price increasing rather than decreasing. Deribit’s analysis shows an increasing trend in the number of call options outstripping put options in Bitcoin’s options market. Luuk Strijers, Chief Commercial Officer at Deribit, highlighted that the put-call ratio for Bitcoin has consistently hovered “between 0.4 and 0.5” throughout the year. This trend is particularly noticeable for options expiring in March and June 2024, suggesting that investors are increasingly using call options to position for a potential appreciation in Bitcoin’s value during this period. The put-call options ratio falling below one is a bullish market indicator, as it shows that call volume, or bets on the price increase, surpasses the put volume, which are bets on the price decrease. According to Deribt, Bitcoin’s put-call ratio currently stands at 0.42, as of today. A Surge In Crypto Derivatives Activity Meanwhile, November has seen significant activity in the crypto derivatives market, as noted by Strijers. The Deribit executive attributes this increased market activity to higher levels of “implied volatility (DVOL),” which have spurred “opportunities and overall market volumes.” The expiration dates of the upcoming options, especially the significant one on December 29, are expected to maintain the heightened interest and activity in the market. With $5.7 billion in Bitcoin options and $2.7 billion in Ethereum options set to expire at the end of December, the market is poised for notable movements. Bitcoin maintains its upward momentum, advancing by 1.8% over the past 24 hours. With Bitcoin currently trading at $38,344, the asset has sustained the gains achieved at the close of the previous month. Related Reading: Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal 20% Price Correction Bitcoin’s trading volume significantly reflects heightened market activity, suggesting ongoing buying pressure. In just the last day, trading volumes have surged from around $11 billion earlier in the week to over $21 billion, a noteworthy indication of increasing investor engagement. Featured image from Unsplash, Chart from TradingView

Bitcoin’s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024

A crypto analyst has singled out an event that could be the spark that Ethereum needs to hit the price level of $3,500. He believes that the second-largest cryptocurrency by market cap is going to make this run after Bitcoin “gets its shine.” How Ethereum Will Hit $3,500 In a post shared on his X (formerly Twitter) platform, the CEO and founder of MN Trading, Michaël van de Poppe, alluded to the Ethereum Spot ETF filing by Fidelity in his price prediction of $3,500. The crypto analyst seemed to be suggesting that approval of an Ethereum Spot ETF could propel Ethereum’s price to such heights.  Related Reading: XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move His reference to Bitcoin also confirms that this might indeed be van de Poppe’s “thesis.” He spoke about Ethereum “running to $3,500 in Q1 2024” after Bitcoin has had its shine. The “shine” likely refers to the possible approval of a Spot Bitcoin ETF. Some analysts have predicted that there is a 90% chance that a Spot Bitcoin ETF will be approved by January 10, 2024. With this in mind, the crypto analyst possibly believes that approval of an Ethereum Spot ETF could come not long after once the Spot Bitcoin ETF is approved. If that happens, it could spark a massive rally in Ethereum’s price. That could explain why Michaël van de Poppe is predicting Ethereum to run to $3,500.  Several asset managers have already applied with the Securities and Exchange Commission (SEC) to offer an Ethereum Spot ETF. However, all eyes seem to be on the SEC’s decision on the pending Spot Bitcoin ETF applications. This could simply be because a final decision is expected on the pending Spot Bitcoin ETF applications, unlike Ethereum’s, which still have a longer review process. ETH price steadies above $2,000 | Source: ETHUSD on Tradingview.com Ethereum Spot ETFs May Not Get The Same Reception Historically speaking, there is reason to believe that Ethereum Spot ETFs might not enjoy the same reception that Spot Bitcoin ETFs have gotten so far. This is based on the fact that there was a stark comparison in the numbers when the futures ETF of both crypto tokens launched.  Related Reading: Shiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explodes Bitcoin futures ETFs were already in place as of 2021, with ProShares Bitcoin Strategy (BITO) ETF being the first to launch. Meanwhile, Ethereum futures ETFs just launched this year. What is most interesting is the trading volume that BITO saw on its launch date in comparison to all Ethereum futures ETFs on their launch date.  BITO is reported to have seen more than $1 billion in trading volume in the first two days of launching. On the other hand, the total trading volume for Ether ETFs on their launch day amounted to just under $2 million.  Featured image from Tron Weekly, chart from Tradingview.com

Ethereum Price Prediction: Crypto Analysts Reveal Catalyst That Will Drive Price Above $3,500

On-chain data shows the ten largest Ethereum whales have continued to expand their holdings recently, now carrying 41 million ETH. Ethereum Top 10 Whales Have Set A New All-Time High For Their Holdings According to data from the on-chain analytics firm Santiment, the largest whale wallets have continued to display an optimistic pattern for the […]

Ethereum’s Top 10 Whales Now Control 41 Million ETH, A New ATH

Crypto gaming didn't scale as fast as it needed to for the Aqua NFT marketplace to stay afloat, its CEO said in a message.

Ethereum Gaming NFT Marketplace Aqua Shuts Down Citing Slow Industry Growth

Spanish police have arrested a c who helped Ethereum developer Virgil Griffith violate U.S. sanctions and travel to North Korea, Reuters reported on Dec. 1. Local authorities reportedly discovered that Alejandro Cao de Benos was in Barcelona under a false identity and intended to travel by train to Madrid. Police arrested Cao de Benos at […]
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Spain detains man who helped Ethereum developer Virgil Griffith enter North Korea


                        
                    
                                    Ethereum’s price rally toward $2,100 is driven by new developments in the layer-2 space and investors’ anticipation of a spot BTC ETF. 
                    Ether (ETH) is trading higher on Dec. Ether 12-hour price index, USD. Source: TradingViewHowever, the current positive momentum is supported by several factors, including applications for spot ETFs and the expansion of Ethereum’s ecosystem, driven by layer-2 solutions.ETH benefits from ETF expectations and negative news related to competing blockchainsA pivotal development occurred on Nov. Securities and Exchange Commission (SEC) initiating the review process for Fidelity’s spot Ether ETF proposal, filed on Nov. Despite analysts predicting the SEC might delay its decision to early 2024, interim deadlines for applications by VanEck and ARK 21Shares on Dec. The Ethereum network's growth, especially in transaction activity and layer-2 development, is noteworthy. This growth is reflected in Ethereum's total value locked (TVL), which recently hit a two-month high of 13 million ETH, spurred by a 13% weekly gain in Spark and a 60% increase in Blast user deposits. Ethereum network top DApps by TVL. Source: DefiLlamaIn contrast, Tron, another leading blockchain in TVL terms, witnessed a 12% decline over the past ten days. Recent high-profile hacks linked to Tron's founder Justin Sun have also swayed investor confidence toward Ethereum.Read more