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Ethereum News
TheNewsCrypto
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BTCS Seeks $57.8M to Boost Ethereum Holdings
- Nasdaq-listed blockchain firm BTCS Inc. is raising $57.8 million to invest solely in Ethereum, following a trend of corporate crypto accumulation.
- The funds will be used to scale validator operations, staking, and optimize block production economics on Ethereum.
- BTCS sees Ethereum as a 'foundational asset' after recent upgrades like the Pectra update, driving ETH's price up by 42% in the past seven days.
- BTCS's move aligns with a broader trend of U.S.-based firms adopting crypto-first balance sheet strategies, showcasing growing institutional confidence in Ethereum as a viable financial asset.
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Cryptopotato
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Image Credit: Cryptopotato
1,000,000 ETH: Could This Massive Move Ignite Another Price Rally?
- Ethereum's significant exchange outflows and increased whale accumulation contribute to the optimism for a continued uptrend.
- ETH's price surged past $2,700 for the first time since late February, currently around $2,550, showing a 54% increase on a monthly scale.
- Approximately one million ETH was withdrawn from exchanges in the last month, totaling over $2.5 billion, pointing to reduced selling pressure and a bullish sentiment.
- Despite bullish indicators, Ethereum's RSI on the daily scale is at 71, entering overbought territory and suggesting a potential short-term correction.
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TheNewsCrypto
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Ethereum Launches Trillion-Dollar Security Initiative to Future-Proof Blockchain
- The Ethereum Foundation has launched the Trillion Dollar Security (1TS) Initiative to enhance the Ethereum network's on-chain security and prepare it for global adoption.
- The initiative, spearheaded by industry leaders and experts, aims to address vulnerabilities, upgrade resilience and credibility, and scale security proportionally with the ecosystem's growth.
- The 1TS Initiative will be executed in 3 strategic phases focusing on risk assessment, technical solutions deployment, and enhancing security transparency to align with traditional trust standards.
- The goal of the initiative is to build a civilization-grade internet infrastructure supporting a secure, open global financial system, surpassing legacy banking security to earn users' trust storing trillions on-chain.
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Bitcoinist
3d
0
Image Credit: Bitcoinist
Ethereum Bullish Signal: $1.2 Billion In ETH Leaves Exchanges
- Recent on-chain data indicates a bullish signal for Ethereum as $1.2 billion worth of ETH has been withdrawn from exchanges.
- The Ethereum Exchange Netflow has remained negative, suggesting investors are pulling their coins away from exchanges for long-term holding, reducing sell-side pressure.
- This trend of net outflows, totaling $1.2 billion, signifies continued accumulation of Ethereum and decreased selling pressure.
- Despite the bullish development, the Market Value to Realized Value (MVRV) Ratio indicates that recent buyers are in significant profit, potentially slowing down the rally until the ratio normalizes.
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TronWeekly
3d
189
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Ethereum on the Brink of a Major Rally: Can ETH Reach $4,201 in the Coming Weeks?
- Ethereum's technical setup indicates a potential bullish rally targeting $3,000 and beyond.
- Open interest in Ethereum hits $33.12 billion, boosting trader confidence and momentum for a bullish trend.
- Closing the CME gap near $2,530-2,630 could provide strong support for Ethereum's price gains.
- Price predictions suggest Ethereum could reach new records, with a target of $4,201, reflecting growing confidence in its future growth.
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99Bitcoins
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208
Ethereum Making Major Moves: Is $3,000 Next for ETH Crypto?
- Ethereum has surged over 35% this week, with the possibility of breaking and closing above $3,000 due to the Trillion Dollar Security initiative by the Ethereum Foundation.
- ETH outpacing other top cryptos, including meme coins like TRUMP and WIF, and boosting ecosystem tokens like PEPE, Uniswap, AAVE, and ENA.
- Technically, ETH is positioned to extend gains and potentially outperform Bitcoin in the short to medium term, with a breakout formation and target of $3,000 if prices breach $2,800.
- The Ethereum Foundation announced the 'Trillion Dollar Security' initiative to fortify Ethereum, while BTCS is raising funds to expand Ethereum validator operations in response to institutional accumulation of ETH.
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Coin Telegraph
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Why is Ethereum (ETH) price down today?
- Ether's price declined by over 4% to $2,575 on May 15, reflecting broader market downturn in the cryptocurrency market.
- Decline in open interest (OI) signaling reduced trader confidence and liquidity, leading to forced liquidations and selling pressure for ETH.
- Rally exhaustion and overbought conditions indicated by Relative Strength Index (RSI) above 70, facing strong resistance levels at $2,600 and $2,800.
- Short-term downside target for Ether between $2,100 and $2,230, suggesting potential entry points for investors, but historical dominance levels signal major pullbacks possible.
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Cryptopotato
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Image Credit: Cryptopotato
Ethereum Foundation Announces Trillion-Dollar Security Initiative
- The Ethereum Foundation announced the Trillion Dollar Security Initiative to enhance Ethereum's security and make it a civilization-scale infrastructure for the internet and global economy.
- The initiative aims to upgrade Ethereum's security to a level where individuals feel comfortable storing trillions of dollars collectively on the network, along with organizations storing over $1 trillion in a single contract or application.
- The three-part approach of the initiative involves security landscape mapping, targeted improvements, and better communication to enhance Ethereum's security standards.
- The project's co-chairs include Fredrik Svantes and Josh Stark, with ecosystem stewards like samczsun, Mehdi Zerouali, and Zach Obront leading the initiative focused on broad ecosystem participation.
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Coindoo
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BTCS Secures $57.8M Ethereum-Backed Funding Deal to Expand Validator Operations
- BTCS Inc. secures a financing agreement for up to $57.8 million in convertible notes led by ATW Partners LLC.
- Funding is earmarked for purchasing Ethereum to expand strategic validator node and staking operations.
- CEO Charles Allen personally invests $95,000 in the deal, aiming to scale validator node operations and increase ETH holdings.
- The financing deal, with a fixed conversion price and added warrants, positions BTCS for potential revenue growth and long-term value in Ethereum.
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Bitcoinist
3d
0
Image Credit: Bitcoinist
Bitcoin Is King, But Don’t Ignore the Others: Bitwise CIO Suggest Diversified Crypto Exposure
- Bitcoin continues to dominate the digital asset space as the most established cryptocurrency.
- Bitwise CIO, Matt Hougan, suggests diversifying crypto exposure to include various assets as blockchains evolve beyond currency use cases.
- Hougan highlights Ethereum's recent price recovery and recommends considering other blockchains with broader utility beyond Bitcoin.
- He advises investors to focus on the entire crypto ecosystem's potential rather than solely on picking individual winners.
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Cryptonews
3d
84
Safe Enough To Store Trillions: Ethereum’s New Plan To Boost Security and Interest
- The Ethereum Foundation has announced the 'Trillion Dollar Security' initiative to strengthen Ethereum's security for safely storing trillions of dollars worth of value on-chain.
- The initiative involves identifying and fixing security vulnerabilities, communicating Ethereum's security advantages over other networks, and aiming to secure trillions on the network.
- The plan includes mapping the network for security weaknesses, executing fixes prioritized by the mapping, and emphasizing the security benefits of Ethereum to users.
- Despite Ethereum's weaker price performance compared to competitors like Solana, Ethereum remains the second largest cryptocurrency by market cap and dominates the DeFi market with over 50% of the total value locked.
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Newsbtc
3d
257
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Ethereum Price Dips May Offer Buying Opportunity — Bulls Eye Reentry
- Ethereum price surged above $2,720 but is now correcting gains and might test the $2,500 support zone.
- A short-term declining channel or bullish flag is forming with resistance at $2,630 on the hourly chart of ETH/USD.
- If Ethereum fails to clear the $2,630 resistance, it could start a downside correction towards $2,500 support level.
- Major support is at $2,575, while the major resistance lies at $2,680 for Ethereum price.
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TronWeekly
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Ethereum Foundation Unveils Trillion-Dollar Security Initiative to Boost Network Safety
- Ethereum Foundation unveiled the Trillion Dollar Security Initiative to enhance network safety and adoption of on-chain technologies.
- ETH surged over 43% post-Pectra upgrade, reaching nearly $2,750.
- Approximately $80 billion is locked in DeFi on Ethereum, making it the top DeFi network.
- The initiative aims to improve security in wallets, smart contracts, user experience, and infrastructure by following a detailed security audit and targeted upgrades.
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99Bitcoins
4d
124
Ethereum Foundation Launches ‘Trillion Dollar Security’ Initiative
- The Ethereum Foundation has launched the 'Trillion Dollar Security' initiative, aimed at future-proofing Ethereum for global-scale financial use.
- The initiative focuses on making Ethereum secure enough to handle trillions of dollars in assets and billions of users through infrastructure and protocol upgrades.
- Led by Fredrik Svantes and Josh Stark, the plan includes security audits, targeted fixes, and open communication to engage the Ethereum community.
- By addressing past issues and preparing for institutional-scale adoption, Ethereum aims to establish itself as a major player in the global financial landscape.
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TronWeekly
4d
359
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eToro IPO Surpasses Expectations, Prices at $52 Per Share
- eToro, the Israeli trading platform, successfully launched its IPO on Nasdaq at $52 per share, raising $620 million which surpassed expectations.
- The IPO pricing at $52 per share was above the expected range of $46 to $50 due to high demand from investors, increasing the company's valuation to about $4.2 billion.
- Despite regulatory hurdles and past challenges, eToro's IPO drew institutional interest with BlackRock and major underwriters fueling demand for the company's shares.
- The successful eToro IPO indicates optimism in the capital markets, especially for fintech companies, and the company plans to use the raised capital to expand and enhance its services globally.
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