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Ethereum News
Bitcoinist
1w
37
Image Credit: Bitcoinist
Lazarus Crypto Heist: Bybit CEO Says Nearly 90% Can Still Be Tracked
- Bybit, a popular crypto exchange, lost over $1.4 billion in a recent hacking incident, primarily in Ether.
- The hacking was carried out by North Korea's Lazarus Group, who exploited security flaws in Bybit's cold wallet.
- According to Bybit's CEO, Ben Zhou, approximately 88.87% of the stolen funds can still be traced, while 7.59% have entered the dark web and are untraceable.
- Zhou has reached out to the public for help in tracing the missing funds, while the exchange has received thousands of bounty reports to address the security issues.
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2 Likes
Newsbtc
1w
130
Image Credit: Newsbtc
Crypto Sleuth Claims Mysterious $20M ‘Hyperliquid Whale’ Is Tied To Illicit Activity
- Crypto detective ZachXBT claims that the mysterious 'Hyperliquid whale' is tied to illicit activity
- The trader, known as William Parker, was previously charged with multiple crimes and changed his name
- The whale has made around $20 million in profit from leveraged trading on Hyperliquid and GMX
- ZachXBT connected on-chain dots to identify the trader and revealed their involvement in illicit activity
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7 Likes
TheNewsCrypto
1w
353
Image Credit: TheNewsCrypto
Ethereum Recovers Above $2,000 As New AI Coin Set To Outshine Ripple
- The Ethereum price has crossed $2,000, triggering a bullish trend in the market.
- IntelMarkets (INTL) is a new trading platform with advanced AI trading tools that investors believe will outshine Ripple coin.
- Ethereum price faces resistance at $2.5k and $3k, but analysts predict it could reach $6k this year.
- IntelMarkets (INTL) is a new DeFi project with AI bots for profitable crypto trading, garnering over $11.6 million in funding.
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21 Likes
Blockonomi
1w
328
Image Credit: Blockonomi
Ethereum (ETH) Price: Exchange Supply Reaches Lowest Level Since 2015
- Ethereum's supply on exchanges has fallen to the lowest level since November 2015 (8.97 million ETH)
- ETH price is down 26-47% in the past month, currently trading around $1,970-$1,990
- Reduced exchange supply typically signals long-term holder accumulation and potential 'supply shock'
- Ethereum faces challenges including decreased mainnet activity, lower fee revenue, and competition from Layer-2 networks
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19 Likes
Bitcoinist
1w
96
Image Credit: Bitcoinist
Ethereum Needs to Break This Key Level For A ‘Bullish Flip’, Analyst Predicts
- Ethereum (ETH) needs to surpass the $2,400 level to regain bullish momentum.
- ETH has potential for a bullish trend reversal if it breaks out of the symmetrical triangle pattern.
- Over 150,000 ETH have exited derivatives exchanges, indicating potential accumulation by institutional investors.
- Analysts caution that ETH may face downside and could drop to $1,060 or $800 if certain support levels are not held.
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5 Likes
TheNewsCrypto
1w
63
Image Credit: TheNewsCrypto
Ethereum Battles Key Resistance at $2.3K—Recovery or Reversal Ahead?
- Ethereum has declined by over 2%, slipping into the $1.9K range.
- The market experienced a wave of liquidations, wiping out $33.12 million worth of ETH.
- Ethereum battles to break through key resistance at $2.3K for a potential recovery.
- The altcoin's price remains under pressure, and failure to hold support at $1,945 could lead to further decline.
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3 Likes
Cryptonews
1w
202
Image Credit: Cryptonews
‘Less Perfect’: BlackRock Says No Staking for Ether ETF Limits Success of Funds
- BlackRock's Robbie Mitchnick emphasized the strong performance of Ethereum ETFs, with BlackRock's ETHA attracting $4 billion in six months.
- The absence of staking capabilities in current Ethereum ETFs significantly limits their appeal as staking yields represent a meaningful part of potential investment returns in the cryptocurrency space.
- Implementing staking within ETF structures presents complex challenges that can't be solved with simple regulatory approval but would drive substantial growth if resolved.
- Donald Trump made a brief appearance at the Digital Asset Summit, reaffirming his administration's intention to end the 'war on crypto', without announcing specific new policies.
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12 Likes
NullTX
1w
16
Image Credit: NullTX
Ethereum Whales Return as ETH Surpasses $2,000: Strategic Moves Indicate Potential Price Surge
- Ethereum surpasses $2,000 threshold, drawing interest from both retail and institutional investors.
- Increased whale activity suggests strategic moves hinting at a potential price surge in Ethereum.
- Notable whale transactions, like three wallets withdrawing $29 million from Binance to invest in Aave, indicate bullish sentiment.
- Accumulation of ETH by large holders and increased balances in wallets holding 10,000 to 100,000 ETH signal potential price moves.
- Whales borrowing USDT to fund holdings and Aave loans may imply larger future investments in Ethereum.
- Outflows from Ethereum spot ETFs may indicate shifting institutional investor strategies, despite whale accumulation.
- Whales traditionally have a long-term investment horizon, contrasting with short-term retail traders.
- Institutional players strategically accumulating Ethereum while ETFs experience outflows suggests evolving investor access.
- If whale-led accumulation continues, Ethereum could experience significant price appreciation as historically seen.
- While whale movements indicate market sentiment, external factors and regulations can also influence Ethereum's price.
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1 Like
Crypto-News-Flash
1w
177
Image Credit: Crypto-News-Flash
Bitwise Seeks Approval for Ethereum ETF Staking—Big News for ETH Holders
- Bitwise has proposed integrating staking into an Ethereum ETF, providing benefits for investors and simplifying access to staking rewards.
- The NYSE has submitted a proposal to the SEC to allow staking in the Bitwise Ethereum ETF, potentially revolutionizing the way investors engage with Ethereum.
- The SEC's evolving stance on crypto-based financial products indicates a potential openness to approve staking-enabled ETF structures.
- Other major financial entities, such as Fidelity and 21Shares, are also seeking to integrate staking into their Ethereum ETFs.
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10 Likes
Newsbtc
1w
417
Image Credit: Newsbtc
Ethereum Trades At A Critical Level – Major Reclaim Or Steep Drop Ahead?
- Ethereum has surged above the $2,000 mark, renewing optimism for a potential rally towards higher prices.
- If Ethereum fails to maintain support above $2,000, a significant drop could follow, leading to further market instability.
- The $2,000 level is crucial for Ethereum as bulls need to defend this price to sustain any meaningful recovery.
- The next few trading sessions will be decisive in determining Ethereum's trajectory.
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25 Likes
Newsbtc
1w
308
Image Credit: Newsbtc
Ethereum CLS Shows Price Will Rebound Above $2,600, Here’s Why
- The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a breakout may be on the horizon.
- Crypto analyst David Perk predicts that Ethereum could reach $2,600 and beyond, based on Ethereum's daily and monthly CLS and liquidity zone.
- CLS represents 'smart money' across all markets and can potentially anticipate significant price changes and liquidity shifts.
- Another analyst, Marzell, shares a bullish prediction for Ethereum, citing a breakout from a Falling Wedge pattern and a potential rally to $2,821.
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18 Likes
Coinjournal
1w
409
NYSE proposes listing Bitwise Ethereum ETF with staking features
- NYSE filed with the SEC to list Bitwise Ethereum ETF with staking features.
- The proposed ETF offers Ethereum staking rewards without a wallet or validator management.
- Approval could shape future crypto ETFs, but risks like manipulation need to be addressed.
- The decision could impact the crypto and financial landscapes, either paving the way for more PoS asset-based ETFs or reinforcing skepticism.
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24 Likes
Crypto-News-Flash
1w
253
Image Credit: Crypto-News-Flash
Ethereum Staking Update: Coinbase Now Controls Over 11% of Staked ETH
- Coinbase now controls over 11% of all staked ETH, solidifying its position as a major player in Ethereum staking.
- Coinbase operates 120,000 validators contributing to the security and decentralization of the Ethereum ecosystem.
- Coinbase has strategically distributed its validators across multiple global regions and utilizes two cloud providers for reliability and redundancy.
- Concerns are raised about the potential centralization risks associated with a single entity controlling a substantial portion of the network's staked ETH.
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15 Likes
Crypto-News-Flash
1w
153
Image Credit: Crypto-News-Flash
Ethereum to Retire Holesky Testnet in September— Here’s What It Means
- Ethereum developers have unveiled a timeline to sunset the Holesky testnet.
- Hoodie will help in completing the Pectra upgrade testing ahead of the possible April mainnet launch.
- Holesky is one of the main testnets for Ethereum, addressing potential scalability concerns on the main Ethereum chain.
- The Pectra upgrade promises advancements to enhance Ethereum's usability and scalability, including lower data availability costs and increased staking limits.
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9 Likes
TechBullion
1w
346
Image Credit: TechBullion
Could The Next XRP Be Built On Top Of Ethereum? Experts and Investors Are In Agreement
- The next big thing in the crypto payment industry may be built on top of the Ethereum blockchain.
- Experts project that a new PayFi project, called Remittix, could take over as XRP slips in price.
- The recent upgrade to the Ethereum blockchain and the bullish sentiment around its price could contribute to the success of Remittix.
- Remittix aims to provide a refined solution for crypto payments, combining the advantages of traditional banking with the security and decentralization of blockchain.
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20 Likes
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