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Ethereum News
Moneyweb
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US bitcoin, ether ETFs log record inflows on Trump’s embrace of crypto
- US Bitcoin and Ether ETFs are experiencing record inflows due to President-elect Donald Trump's support for the crypto industry.
- In November, Bitcoin ETFs attracted $6.5 billion in net inflows, while Ether ETFs saw $1.1 billion in net inflows.
- The interest in Ether suggests increasing speculative appetite for cryptocurrencies following Trump's election victory.
- Investment firms are also looking to launch XRP ETFs amid expectations of regulatory changes under the new administration.
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Cryptonews
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Image Credit: Cryptonews
Altcoin Season Is Here, Analyst Explains How to Turn $1k Into $10k
- Altcoin season is here, according to Swissblock's Speedometer, with altcoins like XRP surging.
- Crypto analyst Michaël van de Poppe suggests investing in new coins and doubling down during market dips to turn $1k into $10k.
- Key trading strategies include maintaining a small, focused portfolio and prioritizing risk management.
- Rebalancing the portfolio by moving gains from altcoins to stable assets like Bitcoin or Ethereum is crucial for managing market cycles effectively.
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Cryptonews
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Image Credit: Cryptonews
US Spot Bitcoin ETFs Close November with Record-Breaking Inflows
- Spot crypto funds, including Bitcoin ETFs, have seen significant growth due to strong institutional interest and market performance.
- Bitcoin ETFs experienced record inflows in November, with $6.2 billion worth of net flows, surpassing the previous peak in February.
- BlackRock's IBIT attracted the highest inflow of $1.38 billion following US President Donald Trump's election victory.
- Ethereum's spot ETFs have started to surge, with notable inflows in late November, and ETH price has posted 11% weekly gains.
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TechBullion
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Image Credit: TechBullion
Is Cardano (ADA) Losing Steam to the Ethereum Ecosystem? This Viral ERC-20 Coin Leads Gains
- Cardano (ADA) is facing competition from the Ethereum ecosystem.
- A viral ERC-20 coin called DTX Exchange (DTX) is gaining attention and poised to revolutionize the global trading market.
- DTX Exchange's native token, DTX, offers attractive discounts on trading fees and has experienced a 10x price increase in its presale stages.
- Cardano's ADA price has shown a 21% weekly increase, but investors are cautious due to market sentiment and are turning to alternative platforms.
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Newsbtc
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Image Credit: Newsbtc
Ethereum Open Interest Hits Record High Of $17 Billion — Bearish Or Bullish For ETH Price?
- The open interest for Ethereum has reached a new all-time high of $17 billion.
- This surge in open interest indicates a potential increase in volatility and significant liquidation cascades.
- If Ethereum's price suffers a downturn, overleveraged futures traders could trigger forced liquidations and rapid price declines.
- On the other hand, Ethereum whales holding between 100,000 and 1,000,000 coins have been actively buying, which could be considered bullish for the altcoin.
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TronWeekly
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Image Credit: TronWeekly
Ethereum Set for a Massive 97% Rally: Analysts Eye $7.2K Target by Q1 2025
- Anаlyst Vеnturеfoundеr prеdicts а 97% pricе surgе for Ethereum by еаrly 2025, tаrgеting $7,238.
- Ethereum’s thrее-yеаr-long “cup аnd hаndlе” pаttеrn nеаrs complеtion, rеquiring $3,800 support confirmаtion.
- Ethereum whаlеs аnd ETFs signаl growing bullish momеntum, with rеcord ETF inflows аnd strong аccumulаtion.
- Lаrgе-scаlе invеstors аppеаr to аgrее with thеsе bullish forеcаsts, with Ether whаlеs аccumulаting morе thаn 280,000 ETH аnd rеcord inflows into Ethеr ETFs.
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Bitcoinist
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Image Credit: Bitcoinist
Spot Ethereum ETFs Surpass Single-Day Record With $333 Million Inflow — Details
- The US-based spot Ethereum ETFs have received a record-breaking $333 million inflow in a single day.
- This marks their best 30-day period since launch and reflects a shift in investor sentiment towards Ethereum.
- BlackRock's ETH ETF accounted for the majority of the inflow with $250 million, followed by Fidelity's Ethereum Fund with nearly $80 million.
- This surpasses the previous record of $295 million set on November 11 and is the first time Ethereum ETFs outperformed Bitcoin ETFs in daily inflows.
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Hackernoon
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Image Credit: Hackernoon
How Base Blockchain Makes Ethereum Faster and Cheaper Without Cutting Corners
- Ethereum's challenge lies in sacrificing one of the three pillars of blockchain: Decentralization, Security, and Scalability.
- With Base, a layer-2 scaling solution, Ethereum's scalability issue can be solved without sacrificing decentralization and security.
- Base was developed by Coinbase as a platform that scales Ethereum by offloading transactions to off-chain processing, bundling them into a batch and submitting the batch to the Ethereum blockchain.
- Base's features include EVm compatibility, Account Abstraction, Easy-to-use API, and Coinbase support.
- The layer-2 solution also uses Optimistic Roll-up to optimize transaction processing.
- The benefits of using Base include low costs, high transaction speed, security, and gasless transactions.
- Base is currently faced with centralization and withdrawal delays, but it has use cases in DeFi, NTFs, and Gaming industries.
- Base Blockchain is a promising solution that has the potential for growth in the future.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
Bitcoin’s Falling Dominance and Does It Portend an Alt Season?
- Bitcoin's dominance is falling while altcoins are showing potential signs of growth, repeating patterns from past altseasons.
- Long-term Bitcoin holders are selling their coins, causing a correction. Short-term investors panic sold causing a disadvantage for themselves.
- Altcoins did not crash with Bitcoin's drop, causing Bitcoin's dominance to break the long-term trend and begin falling.
- The current situation is similar to the moment on January 3, 2021, when Bitcoin's dominance plummeted before the start of the previous altseason.
- Altcoins could potentially reach the previous peak, then consolidate near that peak and break out when the MACD goes from red to green.
- Bitcoin ETFs like those from BlackRock are also buying, allowing its price to recover, and this liquidity can go to altcoins later.
- Bitcoin is likely to rise to $106K - $107K before a huge correction down to the moving average that has served as support throughout the bull market.
- Coins with larger capitalization show the best growth first, but it's still early in the bull market for altcoins. Pay attention to the L1 coins with large enough capitalization to start growing, then evaluate coins holistically considering technological and infrastructural indicators.
- Think critically, remain cautious, and evaluate all coin aspects before investing.
- Historically, not all coins grow at the same time, so it's important to pay attention to the ones with the best growth potential.
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Cryptonews
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22
Image Credit: Cryptonews
By joining The Daily Hodl news list you agree to our
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- The post By joining The Daily Hodl news list you agree to our appeared first on Crypto News Australia.
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Cryptonews
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Image Credit: Cryptonews
Crypto Strategist Says One Catalyst Could Enable Massive Influx of Money Into Altcoins, Set Off Major Rallies
- A crypto analyst known as Rekt Capital believes that if Ethereum (ETH) breaks through a key resistance level of $4,000, it could lead to a significant influx of money into altcoins.
- The analyst suggests that Ethereum breaking out to new all-time highs would serve as a major technical catalyst for altcoin rallies.
- The successful retest of $4,000 as support could enable a revisit of old all-time highs and potentially rally to new all-time highs and price discovery.
- The analyst also indicates that the altcoin market may experience a surge similar to 2021 if it manages to hold a certain region for a few weeks.
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Dev
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Image Credit: Dev
A Developer’s Guide into Account Abstraction Models
- Accounts abstraction (AA) has been a key factor contributing to the influx of new users to crypto wallets.
- The idea of account abstraction was first proposed in 2015 by Vitalik Buterin, founder of Ethereum, with the aim of creating flexible and adaptable accounts controlled by smart contracts.
- Accounts on Ethereum are objects that constitute the state of the blockchain, including nonce, ETH balance, contract code-hash, and storage.
- Solana accounts are more like storage capable of holding any type of data ranging from tokens to a program’s state variables such as integers, public keys, and entire programs.
- Account Abstraction models describe the process of abstracting away the rigid and built-in structures of accounts within a blockchain, allowing them to be more flexible and adaptable.
- Developers can utilize AA models to create customized and fluid user-friendly on-chain accounts where they can define their own custom logic for storing assets and executing transactions over the network.
- Account Abstraction is an ongoing area of research and development on Ethereum, while Solana has already implemented it through features like Program Derived Addresses (PDAs) and Cross-Program Invocations (CPI).
- One of the core use cases for AA models is the implementation of smart wallets, which offers social account recovery, permissionless asset management, and other advanced features.
- However, one of the challenges to AA models is restraint in limitation of program composability, a practice typically referred to as security through obscurity.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Ethereum Foundation Pumps Millions Into zkVM: Will This Boost ETH Price?
- The Ethereum Foundation is investing tens of millions in zero-knowledge virtual machines (zkVMs).
- The investment aims to address the need for privacy and scalability in the Ethereum ecosystem.
- The investment focuses on the zkevm project, Poseidon cryptanalysis, and ethproofs.org.
- The initiatives could potentially contribute to a price surge for Ethereum.
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NullTX
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Image Credit: NullTX
Ethereum Market Trends: Whales Accumulate As ETFs See Record Inflows
- Ethereum's on-exchange supply ratio has dropped to 2016 levels despite circulating supply growth.
- Major investors, referred to as 'whales,' are accumulating Ethereum instead of selling.
- In the past 96 hours, whales have purchased over 280,000 ETH, valued at $1 billion.
- Ethereum ETFs experienced a record net inflow of $332.9 million on November 29, indicating growing interest and confidence among investors.
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Cryptoticker
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Image Credit: Cryptoticker
Ethereum Shoots Past $3,700 – Will It Hit $4,000 Next?
- Ethereum surges over 6% in 24 hours to reach $3,700.
- Bitcoin's rally pushes its price closer to $100,000, while Ethereum lags behind its all-time high of $4,810.
- Analysts remain cautiously optimistic, setting short-term targets for Ethereum between $4,000 and $4,200.
- There is a possibility of a dip to $3,200, which could provide a strong support base for Ethereum's upward momentum.
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