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Ethereum News
Cryptonews
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Solana’s DEX Volumes Hold Strong Against Ethereum Despite Meme Coin Slowdown, Reports VanEck
- Solana’s DEX volumes briefly surpass Ethereum in February but later decline to 30% in March.
- The drop is attributed to a 'memecoin meltdown', with significant losses from tokens like Libra and Trump-themed coins.
- Despite the slowdown, Solana's ecosystem remains strong, with Raydium holding over US$1.3B in TVL.
- Solana's native token SOL experienced a 191% price surge and a 700% rise in on-chain revenue in 2024.
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Bitcoinist
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Meme Coin Platform Pond.fun Loses 65 ETH In Insider Job
- Meme coin launchpad Pond.fun loses 65 ETH in insider job.
- The lead software engineer drained liquidity pools using privileged access.
- Pond.fun warns users to avoid interacting with the website and affiliated sites.
- Chainalysis and Elliptic are hired to track the stolen cryptocurrency.
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Bitcoinist
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Solana Vs. Ethereum: Investment Giant Franklin Templeton Exposes Market Shift
- Franklin Templeton's market perspective highlights the growing competition between Solana and Ethereum in decentralized finance (DeFi).
- Solana-based DeFi has shown significant growth, surpassing Ethereum in DEX volume and gaining traction in the market.
- Ethereum remains a major player with protocols like Lido, Aave, Maker, and Uniswap generating substantial fees.
- Solana's top DeFi contenders, such as Jito, Jupiter, Kamino, Marinade, and Raydium, have reported rapid growth and low valuation multiples.
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Cryptoticker
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What is Ethereum Pectra Upgrade?
- Ethereum's Pectra upgrade aims to enhance the network's scalability, lower transaction fees, and introduce new smart account functionality.
- The upgrade consists of the Prague upgrade, focused on the execution layer, and the Electra upgrade, impacting the consensus layer.
- The Pectra upgrade will be rolled out in two phases, with the first phase including doubling Layer-2 blob capacity, account abstraction, and increased validator staking limits.
- The second phase will introduce Verkle Trees implementation and Peer Data Availability Sampling for improved data storage and scalability.
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Bitcoinist
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Can A Short Squeeze Send Ethereum To $3,000? Analysts Discuss Where ETH May Be Headed
- Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600 due to the recent pullback in the cryptocurrency market.
- Analysts believe that a short squeeze could push the price of Ethereum beyond $3,000, potentially filling these two CME gaps.
- A short squeeze occurs when traders who have bet against an asset are forced to buy back their positions as the price rapidly rises due to unexpected bullish momentum.
- While there are multiple bullish signs for ETH, the overall sentiment surrounding the digital currency remains low.
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Bitcoinist
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Ethereum At A Crossroads: Price Testing The Lower Boundary Of A Key Chart Pattern
- Ethereum may be set for a price rebound in the short term, as per technical analysis of a key chart pattern.
- The formation of a Parallel Channel pattern suggests a potential bounce for ETH, aiming to reclaim the $2,350 level and possibly reach $3,000 and $4,000.
- On-chain data indicates a decrease in ETH exposure among investors, with investors actively managing their holdings during the recent bearish period.
- The $2,800 resistance level is significant, as 800,000 ETH has been accumulated there, pointing to a potential price recovery in that area.
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Newsbtc
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Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details
- Ethereum is flashing multiple bullish signals, including following the Wyckoff Reaccumulation Pattern, indicating a potential price reversal.
- Bullish divergence in Ethereum's 4-hour chart and whale activity contribute to the positive sentiment surrounding ETH.
- On the bearish side, ETH reserves on exchanges have been rising, increasing selling pressure.
- Despite bearish sentiment, the possibility of a surprise rally is not ruled out. At present, ETH trades at $2,200, up 6% in the past 24 hours.
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Newsbtc
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Ethereum Surges Nearly 10% As MVRV Ratio Drops Below 1—Bigger Rally Incoming?
- Ethereum's price increased by 10% in the past 24 hours, following a broader market correction.
- On-chain data suggests ETH may enter an accumulation phase, with the MVRV ratio dropping below 1.
- Accumulation patterns and increased institutional holdings at key price levels could impact Ethereum's trajectory.
- Despite potential risks, Ethereum's outlook remains positive due to its strong market position and institutional interest.
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Newsbtc
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Ethereum Price Aims Higher—Can Bulls Push Past Key Resistance?
- Ethereum price started a recovery wave from the $2,000 support zone.
- The price is trading above $2,220 and the 100-hourly Simple Moving Average.
- There is a key rising channel forming with support at $2,200 on the hourly chart of ETH/USD.
- The pair must clear the $2,275 and $2,350 resistance levels to start a decent increase.
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Cryptonews
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Retail Trading Giant Robinhood Lists Ethereum Layer-2 Arbitrum, Triggering Rally for ARB
- US retail trading giant Robinhood has listed Ethereum layer-2 scaling solution Arbitrum (ARB) on its trading platform.
- Following the news, the price of ARB rallied from $0.374 to $0.421 within a day.
- ARB joins Robinhood's suite of crypto products, which includes Bitcoin, Ethereum, Cardano, Solana, and others.
- Robinhood recently reported an 8x increase in crypto trading revenue in Q4 of 2021.
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Bitcoinsensus
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Fidelity Bought $21.7M Ethereum, Selling Bitcoin
- Fidelity bought $21.7M Ethereum, selling Bitcoin.
- This could indicate a shift in strategy.
- Ethereum has more uses in DeFi and this could be a new priority.
- The purchase of Ethereum by Fidelity may signal a prioritization of the cryptocurrency with crucial practical value in DeFi, potentially leading to a liquidity spillover from Bitcoin.
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Pymnts
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This Week in Crypto: A Flock of Black Swan Events
- The cryptocurrency sector is in turmoil after a dramatic week with ongoing government intervention.
- The US President announced the creation of a US strategic cryptocurrency reserve and specified the digital assets it would include.
- Mixed reactions were seen from the crypto space, with some questioning the selection of digital assets for the strategic reserve.
- In addition to the presidential announcement, regulatory developments and advancements in the mainstream adoption of cryptocurrencies were observed.
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Livebitcoinnews
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MegaETH Set to Launch Real-Time Blockchain Testnet This Week
- MegaETH, a layer-2 Ethereum scaling solution, will launch its testnet on March 6 and become the first real-time blockchain.
- The project aims to achieve 100,000 TPS (transactions per second) with real-time transaction finality.
- Vitalik Buterin and Dragonfly Capital backed MegaETH's $20 million seed round.
- MegaETH's solution offers high-speed performance, resolving Ethereum's scalability issue.
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Bitcoinist
1M
172
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Trump-Powered Rally Triggers Heavy Dumping From XRP Whales, Here’s How Much
- XRP experienced sharp fluctuations over the past two weeks, dropping below $2 and then reaching as high as $2.8.
- The bounce back in the crypto market was influenced by Donald Trump hinting about a crypto reserve in the US.
- However, on-chain data indicates that XRP whales have been selling off the token heavily after the Trump-fueled rally.
- The distribution phase is observed as early investors cash out, and exchange data shows a concurrent jump in XRP supply on trading platforms.
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Insider
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Crypto insiders say Trump's love for bitcoin is more than a fling — even though he may be making an 'unforced error'
- Industry insiders believe that President Donald Trump is serious about his support for cryptocurrencies like bitcoin.
- Despite facing criticism, Trump's announcement regarding a strategic crypto reserve has generated enthusiasm within the crypto community.
- The inclusion of alternative coins like ripple, solana, and cardano in the US crypto reserve announcement caused a surge in the market initially.
- However, some experts fear that Trump's decision might have been a misstep, especially in including altcoins alongside bitcoin.
- Prominent figures in the crypto space, such as Anthony Pompliano and Tyler Winklevoss, have expressed concerns about the composition of the strategic reserve.
- While opinions vary on the potential impact of the strategic reserve, many are cautiously optimistic about its implications for the industry.
- The crypto community remains hopeful about the positive momentum in the industry under the Trump administration's pro-crypto stance.
- Participants at the Bitcoin Investor Week conference praised the shift from the previous administration's anti-crypto stance to Trump's more supportive position.
- Despite some uncertainties surrounding the strategic reserve, the overall sentiment is positive towards increased government support for cryptocurrencies.
- The crypto industry anticipates further progress on the policy front under the new regime, aiming to overcome obstacles and foster growth.
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