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Ethereum News
Crypto-News-Flash
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Ethereum Foundation Sells 100 ETH Again to Support Key Projects
- The Ethereum Foundation sold 100 ETH for 334,315.7 DAI, marking the first substantial ETH sale since the release of its 2024 annual report.
- These sales are necessary to cover running expenses and fund developers and researchers improving the Ethereum network.
- ETH holders remain optimistic as Ethereum's Net Unrealized Profit/Loss (NUPL) statistic indicates confidence in ETH's future price trajectory.
- Standard Chartered predicts ETH could reach $10,000 in a favorable regulatory environment, stimulating further investment in Ethereum.
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Coinpedia
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Bluntz’s Bull Market Predictions for Major Cryptos: Bitcoin, Ethereum, and Solana
- Bluntz, the insightful analyst renowned for his accurate forecast of the 2018 Bitcoin bear market bottom, has shared his optimistic targets for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Floki (FLOKI) in the current bull market.
- Bluntz believes Bitcoin is in the midst of a significant fifth-wave rally, with a target range of $130,000–$150,000. He expects a slight pullback to $80,000 before Bitcoin continues its upward trajectory.
- Bluntz sees Ethereum reaching new highs and has a target of $8,000 for ETH, driven by its role in the decentralized finance (DeFi) ecosystem and recent advancements in scaling solutions.
- Bluntz sets a bull market target of $500 for Solana (SOL) due to its increasing prominence and user adoption as a high-speed, low-cost blockchain.
- Bluntz highlights the memecoin Floki (FLOKI), which recently broke out of a three-month accumulation period, and predicts a potential rally to new all-time highs.
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TheNewsCrypto
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Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves
- The Ethereum Foundation sold 100 ETH for DAI, marking its first ETH sale since releasing its annual report.
- The sale is part of the foundation’s strategy to fund public projects and maintain its financial reserves.
- The transaction brought in 334,315.7 DAI, adding to the foundation’s reserves.
- The Ethereum Foundation holds $970.2 million in assets, with 99.45% of the holdings in ETH.
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TheNewsCrypto
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Justin Drake Proposes Beam Chain for Ethereum’s Consensus Layer
- Ethereum Foundation researcher Justin Drake has proposed a comprehensive redesign of Ethereum's consensus layer called 'Beam Chain'.
- The proposal aims to achieve faster transaction finality, lower validator stake requirements, and incorporate native zero-knowledge (ZK) proof support.
- The plan includes reducing block production times and validator stakes to broaden accessibility and participation.
- The proposal is still in early stages and will require community consensus. A potential timeline includes specification development in 2025, building in 2026, and a two-year testing phase.
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Coinpedia
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Ethereum News: Lisk’s Layer 2 Solution Goes Live, Airdrop Begins Soon
- Lisk, an Ethereum Layer 2 platform, has officially launched its mainnet making web3 more accessible.
- Lisk has announced its first airdrop season, distributing 15 million LSK tokens to users who complete tasks within the ecosystem.
- Lisk's transition to a Layer 2 solution has allowed it to focus on real-world applications.
- Lisk now leverages the OP Stack from Optimism and Gelato’s rollup-as-a-service technology, enabling faster and more efficient transactions on Ethereum's network.
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Tokenhell
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Price Analysis November 12th, 2024 – BTC, DOGE, ADA, SOL, BNB, and ETH
- Bitcoin has rallied significantly in the past week and could reach $125,000 by December 31st, according to trader Peter Brandt.
- Bitcoin is currently trading at $87,991, with a potential minor price correction towards $77,203 if it breaks the support at $80,000.
- Ethereum has been above the $2,849.32 resistance level and could rally to $4,086 if it stays above $3,000.
- Other cryptocurrencies such as Solana, BNB, Dogecoin, and Cardano are also analyzed with their respective price levels and potential movements.
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Altcoinbuzz
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Devcon 7 in Bangkok and its Side Events Day 1
- Devcon 7 in Bangkok began with various side events including the Flare Run, an early morning sports event organized by Flare Network.
- The Wow Summit, a crypto conference alongside Devcon 7, featured crypto-related booths and panel discussions, with a focus on user-centricity and interoperability.
- The Sui Connect Bangkok event attracted a lot of attention, especially from Sui builders, EVM projects, and individuals from different crypto sectors.
- Devcon 7 in Bangkok will continue for three more days, offering additional conferences and activities.
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Cryptoninjas
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QuickSwap’s Quantum Leap: Expanding to Ethereum Layer 1
- QuickSwap, a premier Polygon DeFi suite, has expanded to Ethereum Layer 1.
- They have launched QuickPerps Falkor, a perpetual exchange platform, on Ethereum Layer 1.
- They have also deployed the QuickSwap Liquidity Hub on Ethereum Layer 1, providing deep liquidity and gasless trades.
- QuickSwap's expansion to Layer 1 combines the security of Layer 1 with the advanced performance of Layer 2.
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NullTX
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Ethereum’s Momentum Surges As Whale Activity And ETF Inflows Reach Record Highs
- Ethereum's momentum surges as whale activity and ETF inflows reach record highs.
- Whale transactions have significantly increased, contributing to Ethereum's recent trading momentum.
- Justin Sun deposits 19,000 ETH to HTX, part of his net acquisition of 392,474 ETH.
- Ethereum spot ETFs experience a record net inflow of $154 million, indicating growing investor confidence.
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99Bitcoins
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No, Ethereum Layer-2s Are Not Parasitic: They’re Massive for ETH Demand
- Ethereum layer-2 solutions are driving innovation and scaling of the network.
- Layer-2 platforms like Polygon, Arbitrum, and Base have a combined $39 billion in assets.
- Blobs, a new feature introduced after Dencun, helps improve efficiency and affordability of layer-2 transactions.
- Once Sharding is live, layer-2s and the main net will be complementary, ensuring scalability and demand for ETH.
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Blockonomi
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Trading Volume Surge: Ethereum (ETH) Breaks Through Key Resistance at $3,150
- Ethereum has broken above the $3,150 price level, with a 27% growth in the past seven days.
- Transaction volume on the Ethereum network has surged, indicating increased user engagement.
- Whale transactions (over $100,000) have notably increased, suggesting involvement from institutional investors.
- On-chain metrics show healthy network activity and potential for continued upward momentum.
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NullTX
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Ethereum Approaches Key $3,000 Zone As Smart Money Profits And ETF Inflows Surge
- Ethereum approaches the key $3,000 demand zone, which often acts as resistance.
- A smart investor locks in profits by selling 11,267 ETH for a $1.51 million profit.
- Ethereum spot ETFs receive a notable net inflow of $85.86 million, indicating institutional interest.
- Increased smart money participation and ETF inflows could drive Ethereum's upward trajectory.
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TechJuice
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Bitcoin Approaches $90,000 Mark After Another Record High Surge
- Bitcoin surged closer to the milestone of $90,000, reaching a new high of $89,640.
- The cryptocurrency market is experiencing optimism after Donald Trump's US presidential election win.
- Bitcoin is expected to surpass the $100,000 threshold in the near future.
- Other cryptocurrencies also experienced positive trends, with Ethereum, Polygon, Solana, and Dogecoin gaining value.
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Cryptonews
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ETH 3.0: Sharding may return to scale Ethereum to millions of TPS
- An Ethereum researcher's social media post has sparked speculation over a potential solution for Ethereum's scalability challenges.
- There are rumors about an ETH 3.0 upgrade, including a second merge into a new consensus targeting 1-second block times and a native zero-knowledge Ethereum Virtual Machine (zkEVM).
- Consensys CEO Joe Lubin discussed revisiting execution sharding and using zkEVM at layer-1 to solve Ethereum's scalability issues.
- The implementation of these approaches could take several years but could potentially lead to millions of transactions per second on Ethereum.
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TheNewsCrypto
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Ethereum Bulls Eye $4K Milestone as Momentum Builds
- Ethereum has experienced a notable rally, reaching $3,184, following Bitcoin's bullish movement.
- Increased trading volume and whale accumulation indicate high market confidence.
- Long-term holders contribute to market stability, but some are starting to take profits.
- If Ethereum establishes support at $3,103, it may reach its year-to-date high of $4,095.
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