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Ethereum News
TronWeekly
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Bitwise Files for Innovative Aptos ETF in Delaware Amid Intense Altcoin ETF Race
- Bitwise Asset Management has filed to establish a Delaware trust entity for its proposed Aptos exchange-traded fund (ETF).
- The Aptos ETF, if approved by the SEC, would provide institutional and retail investors with exposure to APT tokens, driving mainstream adoption and increasing liquidity in the market.
- Bitwise's move to launch an Aptos ETF follows the increasing interest in altcoins as investment instruments in the crypto space.
- Aptos, a Layer-1 blockchain, recently witnessed a surge in price, rising by 8.83% to $6.12 over the past 24 hours.
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Coinpedia
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Ethereum Price Today: Can ETH Recover, or Is a $1,000 Drop Next?
- Ethereum's price has plummeted, triggered by a major hack and broader market downturn, with analysts predicting potential drops below $1,000.
- The Federal Reserve's monetary policy is a key factor, with continued tight policy potentially driving ETH further down.
- Some analysts see Ethereum as oversold and anticipate a potential recovery if it holds above $2,000 and market conditions improve.
- For now, Ethereum remains under pressure, with a potential recovery towards the $3,500-$4,000 range if market conditions improve.
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TechJuice
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FBI Accuses North Korean Hackers of $1.5 Billion Crypto Heist
- The FBI has attributed one of the largest-ever cryptocurrency thefts to hackers linked to North Korea, accusing them of stealing around $1.5 billion worth of Ethereum from a Dubai-based company.
- The cybercriminals targeted the major cryptocurrency exchange, Bybit, and are associated with hacker groups TraderTraitor and Lazarus Group, previously implicated in large-scale cyber heists.
- The FBI believes that North Korean-backed hackers were responsible for the theft, with stolen assets being converted to various virtual assets, eventually to be laundered and converted to fiat currency.
- North Korea has been involved in an estimated $1.2 billion in cryptocurrency theft over the past five years, using cyberattacks to finance its fragile economy and nuclear weapons program.
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TheCryptoBasic
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Ethereum Sinks Deeper: Will ETH Price Hold Above $2,200?
- Ethereum breaks under $2,400 support level and is now trading at $2,337.
- Ethereum's price dropped from $2,800 to $2,339, recording a nearly 20% crash in the past three days.
- Institutions and whales are dumping ETH holdings, with a total of $94.27 million net outflow from U.S. Ethereum spot ETFs.
- If Ethereum's price closes below $2,224, it is likely to reach the psychological support level of $2,000.
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Bitcoinist
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Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense
- The Ethereum Foundation is donating $1.25 million to support Tornado Cash developer Alexey Pertsev's legal defense.
- Pertsev was charged with money laundering for his alleged involvement in enabling the laundering of $1.2 billion using Tornado Cash.
- Ethereum founder Vitalik Buterin and the Ethereum Foundation expressed their support for Pertsev, emphasizing the importance of privacy and code development.
- The donation follows Paradigm's contribution of $1.25 million to Tornado Cash co-founder Roman Storm's legal defense.
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NullTX
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Whale Activity in Ethereum: Major Players Buy the Dip Amid Market Decline
- After a market decline, large Ethereum holders, including 7 Siblings, have been accumulating more ETH, signaling confidence in Ethereum's long-term potential.
- 7 Siblings recently purchased $28.75 million worth of ETH, adding to their already substantial holdings of 1.15 million ETH, valued at $2.8 billion.
- Other whales have also been buying ETH following the price drop, with three wallets acquiring 16,114 ETH for $39.85 million at an average price of $2,473 per token.
- The whale strategy of buying during market dips indicates confidence in Ethereum's fundamentals and potential future price increases.
- Recent outflows from Ethereum-based ETFs coincide with increased whale activity, suggesting differing confidence levels between large and small investors.
- The strategic buying by whales post-market downturn points towards a potential future upswing for Ethereum, supported by its position in DeFi and smart contracts.
- The ongoing upgrades like Ethereum 2.0, offering improved scalability and energy efficiency, are shaping the future evolution of Ethereum.
- The interplay between whale buying and ETF outflows presents a dynamic market scenario with implications for Ethereum's future price trajectory.
- Market participants are monitoring whale activity closely as it may signal significant developments for Ethereum in the near future.
- The market landscape presents a complex picture with potential bullish or bearish outcomes for Ethereum, emphasizing the need for caution and research in investment decisions.
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Newsbtc
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Is Bitcoin Undervalued? Crypto Sentiment Index Flashes “Massive Contrarian Buy Signal”
- Bitcoin (BTC) has experienced a significant price pullback, with liquidations exceeding $1.5 billion from long positions.
- Despite the recent downturn, overall sentiment towards the crypto market appears to be improving, as suggested by the Cryptoasset Sentiment Index.
- US spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflow, indicating bearish sentiment around risk-on assets.
- On-chain data indicates that crypto whales are capitalizing on market uncertainty by accumulating BTC following the recent sell-off.
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Moneyweb
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Bitcoin’s slide has traders hedging against a drop to $70 000
- Investors are hedging against a decline in Bitcoin to levels last seen after election day.
- The open interest for put options with a strike price of $70,000 is the second highest among all contracts expiring on February 28.
- Bitcoin has fallen around 20% since Donald Trump's inauguration, due to concerns about inflation and a record hack of the Bybit exchange.
- Bitcoin fell for a fourth consecutive day, dropping around 5.6% to $83,744, bringing its four-day decline to the biggest since August.
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TronWeekly
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Ethereum’s Supply Burn Drops in 2024 Despite High Fee Spending
- Uniswap-related contracts dominated Ethereum’s usage in 2024, emphasizing the growing demand for on-chain trading.
- Fees spent on stablecoin movements and DEX usage have overtaken ETH transfers, solidifying Ethereum as a financial settlement layer.
- The decline in Layer 2-related fees indicates cost-saving effects and optimizations on Ethereum.
- Gas prices and ETH price correlation are shifting, potentially reducing gas fees volatility and aligning with broader economic factors.
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Newsbtc
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Flash Crashes On The Rise: Understanding The Recent $300 Billion Crypto Drop
- The crypto market experienced a $300 billion sell-off in just 24 hours, raising concerns among investors.
- Flash crashes in the crypto sector have increased since January, leading to sudden volatility without major bearish news.
- The sharp drop in Bitcoin and Ethereum prices caused by increased short positioning and institutional investors' contrasting behavior.
- The current market environment is characterized by a polarization between retail and institutional investors, resulting in rapid price changes.
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Newsbtc
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Crypto Market Sees Record Flash Crashes, What’s Going On?
- The crypto market has experienced an unprecedented surge in volatility, with flash crashes erasing billions from the market.
- A crypto analyst identified the growing divide between institutional and retail investors as a key factor behind the flash crashes.
- Institutions have increased their short positions on Ethereum, while retail investors have focused on smaller altcoins, leading to extreme volatility.
- Shifting sentiment, political influence, and the influence of companies like MicroStrategy have further contributed to the market instability.
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TronWeekly
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Ethereum Foundation Donates $1.25M to Support Tornado Cash Developer
- The Ethereum Foundation has pledged $1.25 million to support Tornado Cash developer Alexey Pertsev's legal defense.
- This donation emphasizes the foundation's commitment to privacy rights and protecting developers from criminal liability.
- Previously, Vitalik Buterin and Paradigm also contributed to Tornado Cash defense fund.
- The legal battle and donations highlight the ongoing concerns and debate surrounding the legal risks faced by developers in the blockchain space.
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TechCrunch
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Hacked crypto exchange Bybit offers $140M bounty to trace stolen funds
- Hackers stole $1.4 billion in Ethereum from crypto exchange Bybit, the largest crypto heist in history.
- Bybit is offering a $140 million bounty to trace and freeze the stolen funds.
- 5% of the traced and frozen funds will be given to the person who found them and 5% to the entity that froze them.
- The preliminary investigation revealed malicious code from the infrastructure of SafeWallet as the root cause of the attack.
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TechBullion
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Why Ethereum (ETH) and This Viral Presale Could Lead the Next 9,000% Crypto Surge
- The Ethereum price has been struggling, but the long-awaited ETH ETF approval could lead to a sharp recovery.
- Investors are turning their focus to DTX Exchange (DTX), a viral presale coin with potential for a 9000% surge.
- DTX Exchange combines traditional finance with decentralized finance, attracting both retail and institutional investors.
- DTX's high-speed transaction capabilities and fair launch model contribute to its growth and long-term success.
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TronWeekly
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Bybit Hack: Mirana Ventures Injects $600M in ETH After $1.5B Breach
- Bybit, a leading cryptocurrency exchange, lost $1.5 billion in ETH-based tokens.
- Mirana Ventures injected $600 million in ETH to stabilize Bybit's holdings.
- Mirana Ventures sold $500 million BTC and $100 million USDT to secure funds.
- Bybit recovered $700 million worth of Ethereum in 48 hours, ensuring 1:1 client asset backing.
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