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Ethereum News
Bitcoinist
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Michigan’s Pension Fund Allocates $10M To Ethereum ETFs, Exceeding BTC ETF Holdings
- The State of Michigan has allocated $10 million to Ethereum ETFs, exceeding its investments in Bitcoin ETFs.
- This move marks a significant step for institutional investment in digital assets.
- Michigan Retirement System invested $6.9 million in the ARK/21Shares Bitcoin ETF, becoming the first state pension fund to invest in Ethereum ETFs.
- Demand for spot Bitcoin ETFs has reached a six-month high, while Ethereum ETFs have yet to replicate this success in the US market.
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Zycrypto
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Ethereum Institutional Products Trumps Solana Inflows In Weekly Reversal
- Digital asset investment funds recorded massive inflows, with altcoins like Ethereum (ETH) and Solana (SOL) gaining ground.
- Ethereum products attracted $9.5 million in inflows in the last seven days, turning around the asset's previous poor run.
- On the other hand, Solana experienced outflows of $5.7 million, changing its weekly position due to price fluctuations.
- Bitcoin, the crypto market leader, received $2.15 billion in inflows last week, driven by macro factors and the upcoming US elections.
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NullTX
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ETHEREUM PRICE ANALYSIS & PREDICTION (November 5) – ETH Finds Support Above $2,400 After Losing 3% In A Week, Can It Bounce Back?
- Ethereum shows strength as it bounces off a key level, but remains weak on the day
- Failed attempts to surpass the $2,800 resistance weaken the bullish phase
- Ethereum may form a bearish flag pattern and experience a significant drop below $2,000
- Key levels to watch are $2,600 resistance and $2,400 support
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NullTX
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Ethereum’s Profitability Landscape: Analyzing Current Address Performance At $2,458.51
- Approximately 79.92% of the Ethereum addresses are in profit, while 19.77% are facing losses.
- Around 0.31% of addresses are at breakeven.
- Short-term selling pressure may arise from profit realizations at resistance levels.
- A whale who acquired 5,000 ETH at $1,800 is suspected of liquidating their position for profit.
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Cryptonews
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UK Pension Fund Cartwright Makes 3% Bitcoin Allocation
- UK pension specialist, Cartwright, allocates 2 to 3% of assets to Bitcoin.
- Michigan state pension fund becomes first in the US to invest in Ethereum ETFs.
- Cartwright plans to launch Bitcoin-based pension products and workplace savings proposition.
- SEC filing reveals Michigan state fund holds shares in Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.
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Cryptonews
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Ethereum’s EigenLayer Introduces New Restaking Options and Major Payouts from P2P.org
- EigenLayer is expanding restaking options for Bitcoin (BTC) and Ethereum (ETH) holders, offering enhanced yield opportunities on wrapped Bitcoin and payouts from its major validator, P2P.org.
- ARPA Network, built on EigenLayer, now supports uniBTC, enabling Bitcoin holders to earn rewards and increasing liquidity pathways in the restaking ecosystem.
- On November 4, P2P.org distributed $2.2 million in ETH to restakers, managing over $540 million in collateral and competing with major validators.
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Bitcoinist
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Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained?
- Crypto investment products have seen a surge in inflows, reaching an annual record of $29.2 billion.
- Bitcoin remains the preferred choice among investors, with $2.16 billion in weekly net inflows.
- US-based funds contributed the most to the recent inflows, while other regions observed slight outflows.
- The market sentiment and political climate in the US significantly influenced the inflows, but uncertainties remain.
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Newsbtc
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Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target
- Ethereum is trading at a critical demand level following an 11% pullback from recent local highs.
- Prominent analyst Ali Martinez highlights a strong risk-to-reward setup on the Ethereum chart, suggesting a potential upside if it holds support.
- The timing of a potential rebound is noteworthy with the US election, which could influence market sentiment.
- Ethereum's performance in defending the current support level will determine its near-term trajectory.
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Bitcoinist
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Ethereum Set For A Bullish Breakout? Expert Cites Strong Upside Potential
- Multiple crypto experts predict a bullish breakout for Ethereum in the short term.
- Market expert Javon Marks expects a key breakout that could lead to a price growth of 63% to $4,080.
- Another analyst, Ash Crypto, believes ETH could hit a new all-time high in 2025 based on historical trends.
- ETH is currently experiencing a brief upward movement and strong support at the $2,450 mark.
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Cryptoticker
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Ethereum Researchers Leave EigenLayer Over Conflict Concerns
- Ethereum researchers, Justin Drake and Dankrad Feist, have stepped down from their roles at EigenLayer amid concerns about conflicts of interest.
- Drake and Feist had accepted significant token rewards from EigenLayer, leading to questions about ethical boundaries in the blockchain industry.
- The Ethereum community debated the alignment of these roles with Ethereum's principles.
- Both researchers have apologized and committed to avoiding similar positions in the future.
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24 Likes
TheNewsCrypto
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Solana Outpaces Ethereum with User Engagement and Volume
- Solana achieved record 123 million monthly active addresses, a 42% increase.
- Memecoins and platforms drive user engagement and trading volume growth.
- Solana outpaces Ethereum with over 100 million monthly active addresses.
- A Solana whale sells $44 million worth of SOL, sparking optimism for price gains.
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Crypto-News-Flash
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Ethereum Compared to ‘90s Amazon: 21Shares Predicts Industry-Shaking Potential
- 21Shares draws parallels between Ethereum and Amazon during the latter's formative years.
- Ethereum's transformative potential is still underappreciated by Wall Street investors.
- Ethereum's relevance is highlighted by major institutional interest and significant offerings.
- Ethereum poses a significant challenge to Amazon Web Services in the cloud computing arena.
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Dev
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Exploring KALP Studio’s Self-Custody and MPC Wallet
- KALP Studio offers a Self-Custody and Multi-Party Computation (MPC) Wallet for secure management of digital assets without relying on third-party custodians.
- The MPC Wallet utilizes MPC technology to enhance security by distributing cryptographic operations across multiple parties and reducing the risk of key exposure or loss.
- Key features of the wallet include enhanced security, self-custody of assets, compatibility with multiple blockchain networks, and a user-friendly interface.
- The wallet can be connected through the Self Custody Wallet or the MPC Wallet options, with step-by-step instructions provided in the article.
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Cryptoticker
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Ethereum Price Prediction: ETH Price is Stable
- Ethereum's price is currently stable around the key support level of $2,419.
- If it holds above this level, there is potential for stability or growth.
- However, a close below this support level could lead to further decline.
- The upcoming Pectra hard fork and increased interest from whale investors could support Ethereum's price in the future.
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Crypto-News-Flash
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Sui Takes Lead Over Solana and Ethereum in Net Flows — Price Predictions Ahead
- Sui (SUI) surpasses Solana (SOL) and Ethereum (ETH) in net flows, recording $24.3 million.
- Total Value Locked (TVL) in Sui reaches $1.074 billion, a 300% increase in three months.
- Sui's total active accounts reach 25 million, surpassing competitors like Base, Arbitrum, and Solana.
- SUI price surges by 8.45% in the last 24 hours and 124% year to date, trading at $1.88.
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