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Ethereum (ETH) faces possible sell pressure, one crypto analyst says, citing how it surpassed the $2,300 mark. Whales have been actively taking profit , and this could trigger a massive sell pressure on the world’s second-largest crypto.  Ethereum price volatility  The price of Ethereum (ETH) has been positively impacted by the recent bullish momentum in the global crypto markets, fueled by Bitcoin’s (BTC) surge above the $43,000 price region. ETH maintains a distinctive market position attributed to its extensive developer community, widespread adoption, and pivotal role in decentralized finance (defi) and various blockchain applications. Despite the current positive momentum, there are apprehensions regarding the potential influence of selling pressure from whales on the cryptocurrency’s price.  According to crypto analyst Ali Martinez, whales immediately took profit s after Ethereum hit $2,300.  The impact of significant holders selling could potentially drive down...

Ethereum co -founder Vitalik Buterin saw his cryptocurrency holdings surge in value by over $57 million in a single day, according to data gathered from blockchain analytics platform Arkham Intelligence. The platform reported that the assets held in Buterin’s publicly known addresses grew from $468 million on November 9 to $525 million on November 10, an increase of over 12% in 24 hours. Of Buterin’s $525 million in holdings, $518 million is in Ethereum (ETH). This means the one-day growth is almost entirely attributed to the appreciation of ETH. This Ethereum rally was presumably fueled by major ETF news from asset management giant BlackRock. On Nov. 9, filings revealed BlackRock is laying the groundwork for a potential spot Ethereum ETF. You might also like: BlackRock prepares to file spot Ether ETF The filings, posted on the Delaware Department of State’s website, indicate BlackRock is considering proposing an Ethereum ETF to the U.S. Securities ...

Rain Lõhmus, the founder of LHV Bank, has revealed that he purchased 250,000 Ethereum (ETH) tokens during the project’s ICO (Initial Coin Offering). During ETH’s ICO, the asset sold for a mere $0.31 per coin. Lõhmus paid around $75,000 for the 250k ETH. Fast forward to 2023, the value of the holding is a whopping $470 million, a growth of around 628,757%. However, things did not end well for Lõhmus’s Ethereum (ETH) holdings. Unfortunately, the banker lost access to his private keys. The development was shared on X (formerly known as Twitter) by Coinbase director Conor Grogan. Grogan had previously highlighted the whale wallet in February 2023. Grogan noted that the wallet had not made a single transaction, and its value had grown 5333X. Moreover, it received $6.5 million via airdrops alone. When ETH reached its all-time high of $$4,878.26 on Nov. 10, 2021, Lõhmus’s holdings were worth an eye-watering $1.22 billion. ETH’s...

Switzerland’s St.Galler Kantonalbank has launched Bitcoin and Ether trading for select customers, planning to add more coins in the future. Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers. SGKB has partnered with the global cryptocurrency-focused bank SEBA to offer its clients digital asset custody and brokerage services. Announcing the news on Nov. 1, SGKB and SEBA said that the new crypto service is immediately available to select SGKB customers following a short period of testing earlier this year. Starting off with Bitcoin and Ether support, SGKB plans to expand its offerings to additional cryptocurrencies based on client demand. Founded back in 1868, St.Galler Kantonalbank is a major Swiss regional bank, offering retail and commercial banking as well as private and institutional banking. SGKB is reportedly the fifth largest bank in Switzerland...

No matter how new you are to cryptocurrency, you must be familiar with Ethereum (ETH) and Bitcoin (BTC). These two leading cryptocurrencies are so popular since their market share accounts for 60% of the market. However, over time more tokens have been flooding the market. This has set investors on the loose as they look for the next big thing. Therefore, in this article, we shall be looking at a new token in its presale stage called FIREPIN Token (FRPN) , to see if it has what it takes to level up with crypto giants Solana (SOL) and Polygon (MATIC). Solana (SOL) Solana (SOL) was released in 2017, earning the moniker "Ethereum killer" due to its lightning-fast performance. Solana (SOL) can compete with Ethereum (ETH) due to its incredible transaction speed and reduced gas prices. The network is working hard to incorporate Solana Pay, which will allow platform users to make payments. Solana (SOL) is currently approaching Ethereum (ETH) stature in the NFT world. ...

Ethereum Uptrend Weakens Despite Whale Activity Ethereum markets have remained squashed since Friday, despite reports of whales increasing exposure to the token. Data by Lookochain shows that five whales have in the last seven days cumulatively purchased $94 million worth of Ether. advertisement The biggest whale (smartestmoney.eth) scooped up approximately 18.2k ETH worth around $30.6 million, followed by 18k ETH valued at $30 million, 17.9k ETH worth roughly $30 million, and 2k ETH approximately $3.4 million. Whales are accumulating $ETH from the bottom! 4 whales accumulated 56.1K $ETH ($94M) in the past 7 days. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read ...

Also Read: Will BTC Price Recover Before September 1, 2023? What’s Next for Bitcoin? advertisement The Holesky Update Recently, Parithosh Jayanthi, a DevOps at the Ethereum Foundation, informed during the Execution Layer Meeting that there were updates to share on about Devnet-8 and Holesky testnet. This was in response to the meeting called for on various other topics by Tim Beiko, an Ethereum core developer. The Holesky mainnet is likely set for launch around September 15, 2023. This upgrade would replace Goerli as a staking, infrastructure and protocol-developer testnet. “We’d like to bring up testing updates from Devnet-8 and Holesky updates (We tested out 1.4 million validators and more than 1B Ether in the network and would like to propose the same for Holesky).” ETH Price: What Could Impact? Around August 18, 2023, the wider Crypto Market s experienced a bearish cycle over selloff in the US financial markets as well as the...

Shibarium’s beta phase saw a total of 21 million wallets on the L2, driving the interest of users months before the launch. Shiba Inu launched the Shibarium mainnet , an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created. Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The new L2 blockchain solution is designed to interact with the primary Ethereum layer-1 blockchain , providing a more scalable and cost-effective transaction platform. Shiba Inu (SHIB) rose to popularity during the bull market of 2020–2021, even briefly overtaking the OG meme cryptocurrency, Dogecoin (DOGE). However, it couldn’t hold onto its gains for long and lost more than 80% of its valuation during the bear ...

Bitcoin and Ethereum fees dropped in a slow week as their prices remained relatively stable compared to the previous week. In a recent tweet, the market intelligence platform and advanced DeFi tools provider, IntoTheBlock, torchlights the lackluster activities of the bigwigs in the crypto market. The firm revealed that Bitcoin (BTC) and Ethereum (ETH) have seen a relatively sluggish week so far. It attributed the apparent dormancy in trading to August’s historical inactivity trend across trading landscapes. IntoTheBlock argued that the August trend’s impact was becoming noticeable in both networks’ fee structures. Both # Bitcoin and # Ethereum had a relatively slow week. August tends to be the most inactive period of the year for trading, and this could have impacted the drop in fees for both networks pic.twitter.com/BvFlHx1fiO — IntoTheBlock (@intotheblock) August 4, 2023   BTC and ETH Fees Decline IntoTheBlock attached an image to the t...

A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains. On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of CRV dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. On the next day, the decline in CRV continued to drop toward a seven-month low at $0.48 amid fears of liquid ation risks of hefty loans worth $100 million taken by Curve Finance founder Micheal Egorov against CRV as collateral. However, positive development with partial repayment of loans and significant negative bets in the derivatives market suggest that CRV may rally in the short term. The DeFi community comes to save CRV On Aug. 1, Egorov sold 39.25 million CRV tokens for stablecoins to a number of notable DeFi investors like Justin Sun, Machi Big Brother and DWF Labs for a total...

Artificial intelligence tools are providing solutions to various functions and departments within major cryptocurrency exchanges. Cryptocurrency exchanges are finding novel ways to improve internal departments and functions using artificial intelligence, according to Bitget managing director Gracy Chen. Speaking to Cointelegraph editor Zhiyuan Sun during EthCC in Paris, the exchange ’s MD highlighted a number of ways in which the exchange is incorporating AI tools into everyday processes. Chen said that the company has actively asked its management team to give feedback on which AI tools and services they are using and experimenting with across departments. Related: Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC AI has been a major focal point for the wider technology industry in 2023, with large language learning models like OpenAI’s ChatGPT chatbot which has a myriad of use cases that promises to revolutionize a number of industries. Chen said that AI too...

Ethereum is a prominent cryptocurrency, earning its place as the second largest cryptocurrency. There are several whales that hold a considerable amount of ETH. According to the latest details provided by Lookonchain, a crypto intelligence platform, a whale sold 4,549 ETH for approximately $8.78 million. The sale happened when it was trading at around $1,930. Also read: Shiba Inu Weekly Burn Update: 915 Million SHIB Burned A whale sold 4,549 $ETH for 8.78M $USDT at a price of $1,930 14 hrs ago. This whale spent $6M to buy 4,549 $ETH at a price of $1,319 on Jan 9, and has earned $2.78M so far.https://t.co/pzSfTqYuPn pic.twitter.com/PEtWS9LXmE — Lookonchain (@lookonchain) July 16, 2023 According to the details from CoinMarketCap, ETH is trading at $1,937, with no major volatility in value over the last 24 hours. Ethereum whale made $2.78 million Details from Lookonchain reveal that the ETH whale spent $6 million to buy 4,549 ETH . The purchase ...

Crypto.com, one of the most popular crypto exchanges in the world, has launched its on-chain staking initiative. According to an official announcement, only Ethereum (ETH), Solana (SOL), and Polkadot (DOT) staking will be available upon launch. However, more protocols will be added in the future. The announcement also noted that the staking feature will only be available in “select markets.” Unfortunately, the official release does not state which markets the new staking initiative will be available in. The feature is not available to citizens or residents of the U.S. and its territories, Australia, Canada, Hong Kong SAR, South Korea, Singapore, Thailand, and Malta. Also Read: Rise in Ethereum Staking Still Carries Major ‘Lido’ Risk The minimum staking amount for all three protocols is currently set at 1.00E-08. Moreover, there is no minimum staking period for all three projects. However, the frequency of rewards is different for each asset. Ethereum (ETH) sta...

Bullish crypto traders are struggling to clear the overhead barrier in Bitcoin and select altcoins, indicating that bears have not given up yet. Bitcoin continues to trade near $31,000, making it an important resistance level to watch out for in the short term. Some analysts believe the current consolidation could result in an upside breakout in Bitcoin. The institutional investors also seem to be positive about the prospects of a further rally in Bitcoin (BTC). CoinShares head of research James Butterfill said in a recent report that 98% of all the digital asset inflows of $334 million went into Bitcoin-related products. Daily cryptocurrency market performance. Source: Coin360 Although the short-term price action on Bitcoin and select altcoins looks positive, market participants should stay cautious due to the uncertainty regarding macroeconomic issues. The crypto markets are likely to be influenced by the United States inflation figures and the Federal Reserve’s monetary action over...