A crypto whale made waves in the Ethereum market by selling a staggering 2,000 ETH for a whopping $6 million in USDC. This transaction occurred just six hours after the value of each ETH was around $2,997. The renowned crypto analytics firm Spot On Chain unveiled the details of this major market movement. They shed […]
In a significant move that underscores its commitment to fostering innovation in the blockchain space, Binance Labs, the venture capital and incubation arm of the global cryptocurrency exchange Binance, has announced its investment in StakeStone. The strategic partnership marks a pivotal moment for developing omnichain liquidity networks, promising to enhance liquidity distribution across emerging blockchain […]
Shortly after Ethereum (ETH) surpassed the $3,000 mark on Tuesday, an Ethereum wallet, dormant for 8.6 years, became active. It deposited 1,732 ETH (about $5.15 million) into the crypto exchange Kraken, as reported by blockchain tracker Lookonchain. On-chain data shows that the owner of the mysterious wallet was an Ethereum initial coin offering (ICO) participant. […]
Crypto-derived exchange-traded products (ETPs) registered record inflows totaling $2.45 billion globally last week, according to CoinShares’ latest report. US-listed crypto ETPs, including the 10 approved spot Bitcoin ETFs, accounted for about 99% of the week’s inflows. This surge has propelled year-to-date inflows to digital asset investment products to a staggering $5.2 billion. Combined with recent […]
Ethereum roadmap has sparked discontent within the community, with Justin Bons, the founder of Cyber Capital, expressing strong reservations. On Jan 2, Bons took to X, asserting that abandoning plans to increase layer-1 gas limits gradually is a significant misstep for Ethereum. ETH's latest roadmap has removed this line entirely; "increase L1 gas limits" That […]
The senior analyst, Vetle Lunde from K33, stated that Bitcoin (BTC) is currently the dominant force in the cryptocurrency market. This is due to its strong gravitational pull. Research analysts urge a “rotate back” into Bitcoin. This follows underwhelming Ether ETF performance. On October 3, analysts Helseth and Lunde cautioned with Ethereum (ETH) and a […]