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Ethereum News
Newsbtc
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Image Credit: Newsbtc
Ethereum Price Dips, But Analysts Predict Explosive Surge to $15,000—Here’s Why
- Ethereum (ETH) has dropped by 2.4% in the past 24 hours, trading at $3,577.
- Analysts predict a significant rally for Ethereum in the coming months.
- A 'cup and handle' formation on Ethereum's monthly chart suggests a potential surge to $6,675.
- Other analysts predict a breakout from a triangular consolidation phase, with a target of $15,937 by May 2025.
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Tech Story
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30
XRP becomes the world’s third-largest crypto, rocketing past Tether in USDT market cap. All you need to know understand the XRP lunge
- XRP has become the world’s third-largest cryptocurrency by market cap, with a market cap of over $125 billion, overtaking Tether (USDT).
- XRP is Ripple’s cryptocurrency and aims to offer faster, cheaper international payments compared to other cryptocurrencies by using a consensus ledger protocol.
- XRP's features include speed, minimal fees, scalability, and utility for banks and financial institutions.
- Tether (USDT) is a leading stablecoin in the cryptocurrency market that aims to maintain a value of $1 through a reserve of cash, equivalents, and investments.
- XRP's recent surge in market capitalization and price is attributed to institutional adoption, regulatory clarity, and overall market momentum for altcoins.
- XRP's surge challenges the dominance of stablecoins like USDT, which are commonly used in trading pairs.
- XRP's growth suggests an increased focus on cryptocurrencies with real-world applications, rather than just speculative trading.
- XRP's upward momentum is expected to continue, but it may face competition from other cryptocurrencies like Ethereum and regulatory scrutiny.
- The development of XRP has the potential to drive innovation and competition in the cryptocurrency market.
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Global Fintech Series
3w
26
Image Credit: Global Fintech Series
Brighty Raises $10 Million to Enable Crypto Payments in the Real World
- Brighty, a digital finance platform, raises $10 million in funding from Futurecraft Ventures.
- The funds will be used to expand Brighty's presence in Europe and the UK.
- Brighty enables crypto-card payments in the real world, combining traditional digital banking with stablecoins and decentralized finance.
- Users can seamlessly exchange crypto, send money, and earn daily rewards on stablecoin card balances.
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Coinpedia
3w
394
Image Credit: Coinpedia
Ethereum Price Prediction (Dec 4th 2024)
- Ethereum is forming a rising wedge pattern and has shown a bullish turnaround supported by a Morning Star pattern at the 50-EMA.
- ETH trades above the 50% Fibonacci level at $3,614, with immediate resistance at $4,009 and a higher target at $4,332.
- A bullish MACD crossover in the 4-hour chart signals a potential trend shift, increasing the likelihood of a breakout rally.
- Ethereum spot ETFs registered a daily net inflow of $67.36 million, driven by Fidelity's listing on CBOE with a net inflow of $73.72 million.
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Medium
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206
Image Credit: Medium
ORA the verifiable oracle protocol that brings AI and complex Compute in the Blockchain.
- The ORA protocol brings AI capabilities on-chain for advanced computations within the blockchain ecosystem.
- The ZK Oracle provides access to complex computations and historical data while ensuring privacy and scalability.
- ORA's innovative technology and recent listing on BingX Spot position it as a strong contender in the AI-driven crypto landscape.
- For investors interested in AI and blockchain, ORA offers a blend of cutting-edge technology, practical use cases, and growing market presence.
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TronWeekly
3w
26
Image Credit: TronWeekly
Ethereum Leads Crypto Inflows with $634M, XRP Surges with Record $95M: Report
- Ethereum sees record inflows of $634M, driving YTD total to $2.2B.
- XRP attracts $95M inflows, fueled by anticipation of US-based ETF approval.
- Bitcoin suffers $457M outflows after approaching $100K, its first major retreat since September.
- Ethereum becomes the favored asset class with significant investor interest.
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Coinjournal
3w
8
Image Credit: Coinjournal
dtcpay to phase out BTC, ETH support amid services shift
- Singapore-based payment institution dtcpay has announced that it will be shifting its payments services to stablecoins only effective 2025.
- The platform intends to phase out Bitcoin and Ethereum by the end of the year and will only support stablecoins and fiat currency payment modes going forward.
- The decision is driven by the stability and regulatory compliance offered by stablecoins, as well as the growing trend of users leaning towards stablecoins for digital payments.
- dtcpay's strategic move reflects the need for a reliable and secure digital payment method, and the company's track record and innovation in the industry have gained consumer confidence.
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Crypto-News-Flash
3w
158
Image Credit: Crypto-News-Flash
Ethereum Welcomes Standard Chartered’s Tokenized Money Market Fund
- Standard Chartered launches a tokenized US dollar money market fund on Ethereum through its platform, Libeara. The fund targets accredited investors and aims to assess US Treasury bond liquidity before the official launch.
- Tokenization of real-world assets is gaining traction among financial giants, with major players like BlackRock, UBS, and Franklin Templeton driving demand. The total value of on-chain tokenized assets has reached $13.54 billion, but is projected to grow to a $30 trillion market by 2030.
- Increasing regulatory clarity worldwide, such as Europe's MiCA Act and regulatory advances in the US, is expected to fuel further adoption of tokenization and stablecoins. Stablecoins are seen as essential tools for settlement in blockchain-based finance.
- Globally, regulators are embracing tokenization initiatives, with Spain approving its first on-chain tokenized asset issuance and Hong Kong offering financial incentives to digital bond issuers. Ethereum is currently trading at $3,589.69, reflecting a daily decline of 0.53% and a weekly drop of 7.74%.
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Blockonomi
3w
158
Image Credit: Blockonomi
Ethereum (ETH) Price Shows Strength with 44% Monthly Gain and Decreased Supply
- Ethereum experienced a 43.88% price surge over 30 days
- Exchange supply of ETH decreased to 12.6 million, suggesting reduced selling pressure
- Whale accumulation increased from 5,535 to 5,580 addresses holding ≥1,000 ETH
- Price currently faces resistance at $3,650 with support at $3,550
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Zebpay
3w
242
Image Credit: Zebpay
Ethereum Technical Analysis Report – 3rd December 2024
- Ether continues to hold above its downtrend line, showing resilience from the bulls.
- Upward momentum is facing resistance near the $3,900 mark.
- Ether-focused investment funds have experienced unprecedented net inflows of $2.2 billion in 2024.
- ETH is currently trading at $3,646.
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Bitcoinist
3w
298
Image Credit: Bitcoinist
XRP Flips USDT, Secures 3rd Spot By Market Cap – What’s Fueling The Surge?
- Ripple's XRP cryptocurrency has surpassed Tether (USDT) to become the third-largest cryptocurrency by market cap, behind Bitcoin and Ethereum.
- XRP has surged by 424% over the past month and reached $2.69, representing a fivefold increase in less than a month.
- Renewed investor confidence and positive developments in the SEC lawsuit against Ripple have contributed to XRP's price gains.
- However, there are concerns about the rally being overextended, and some analysts recommend waiting for a price correction before investing.
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Moneyweb
3w
4
Bitcoin’s push toward $100 000 runs into a wall of resistance
- Bitcoin's push toward $100,000 is facing resistance as the price plateaus.
- Interest is rising in other digital assets like Ether and XRP as Bitcoin loses momentum.
- Bitcoin and Ether exchange-traded funds recorded record monthly net inflows in November.
- The crypto options market shows downside protection for Bitcoin and moderate leverage for Bitcoin futures.
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Coinpedia
3w
241
Image Credit: Coinpedia
Ethereum Price Prediction (Dec 3rd 2024)
- ETH tests $3,550 support, eyeing a bounce toward $3,750 resistance.
- ETF inflows hit $24.23M, boosting investor confidence in Ethereum.
- Breaking $3,750 resistance could propel Ethereum toward $4,064.
- Failure to hold $3,550 support may trigger a retest of $3,382.
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TheNewsCrypto
3w
105
Image Credit: TheNewsCrypto
Sonic Labs Completes Airdrop and Nears Mainnet Launch
- The initial transaction block of Sonic Labs is complete, signaling steady progress toward the mainnet launch.
- Sonic Labs generated its mainnet's first block, marking the completion of its 'Genesis' phase.
- The completion of the $S token airdrop distribution was confirmed, with 190.5 million tokens distributed.
- The Sonic Labs blockchain features the Sonic Gateway, linking to Ethereum and benefiting from its liquidity.
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Bitcoinist
3w
17
Image Credit: Bitcoinist
Crypto Fund Flows Hit $270M Weekly High: Ethereum Leads, Bitcoin Takes a Backseat
- Digital asset investment products recorded inflows of $270 million last week, contributing to a record $37.3 billion in inflows for the year.
- Bitcoin experienced outflows of $457 million, while Ethereum recorded inflows of $634 million, surpassing its previous record.
- XRP saw substantial inflows of $95 million, potentially driven by optimism around the approval of a US ETF for XRP.
- Regional data shows the US dominated inflows, while Switzerland and Canada recorded outflows, reflecting localized variations in investor behavior.
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