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Ethereum News
Cryptopotato
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Binance Pay Transactions Hit $72.4 Billion as Crypto Adoption Accelerates
- The number of Binance Pay users tripled from the previous year, reaching 41.7 million.
- The total transaction volume processed through Binance Pay in 2024 stood at $72.4 billion, a significant increase from $2.5 billion in 2021.
- Stablecoins, particularly Tether (USDT), dominated Binance Pay transactions, accounting for 80% of the total payment volume.
- Binance Pay's expansion aligns with the increasing role of crypto in everyday transactions and the overall growth of the crypto market.
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Bitcoinsensus
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Ethereum Reclaims $2,700 Margin After SEC News, XRP Sees Modest Growth
- The SEC dropped its 3-year-long lawsuit against Coinbase, boosting the cryptocurrency market.
- Ethereum reclaimed the $2,700 margin and shows potential for retesting $3,000.
- XRP experienced modest growth with investors cautiously optimistic about Ripple's SEC lawsuit.
- Coinbase's legal win is viewed as a positive sign for Ripple's upcoming legal battle with the SEC.
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Zycrypto
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Expert Trader Says Ethereum Will Slip To $2,300 Before A $4K Uptick
- Crypto trader Ali Martinez predicts a possible decline to $2,300 for Ethereum, followed by a rebound towards $4,000.
- Institutional inflow and Ethereum's DeFi volumes could contribute to the altcoin's potential surge to $4,000.
- Altcoins like XRP, Solana, and Cardano are showing positive momentum and gains in the past 24 hours.
- While a recovery in Bitcoin's price may benefit other assets, meme coins are attempting a slight recovery.
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Cryptopotato
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2024 Crypto Report: Bitcoin Stable, Ethereum Declines, Niche Tokens Rally
- The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024.
- SUPER and HYPE tokens delivered the highest unrealized gains, indicating growing interest in niche blockchain projects.
- Bitcoin broke price records and remained the most trusted store of value.
- Coinbase and Crypto.com became the most popular exchanges, surpassing Binance due to regulatory challenges.
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TronWeekly
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Ethereum’s Dilemma: Rollback $1.4B From Bybit Hack or Face Global Sanctions?
- BitMEX co-founder, Arthur Hayes, urges Ethereum to rollback after Bybit's $1.4B hack.
- Rolling back the Ethereum network could trigger regulatory scrutiny and OFAC sanctions.
- Samson Mow proposes creating 'ETHNK' to prevent stolen funds from North Korea.
- Ethereum faces a dilemma in balancing decentralization and real-world threats.
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TronWeekly
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Lazarus Group Strikes: Bybit Hit with Record $1.46B Hack
- Lazarus Group identified as the hacker in the Bybit exchange breach.
- Industry giants, including OKX and KuCoin, offer support to Bybit.
- Bybit continues operations smoothly, no contagion like FTX collapse.
- Hack exposes vulnerabilities in cryptocurrency space, emphasizes the need for stronger security measures.
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Cryptoticker
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Ethereum Price Prediction: Will ETH Recover After the Bybit Hack?
- Despite the Bybit hack, the platform remains stable and is taking measures to recover.
- Ethereum price has already risen by over 6% indicating a potential quick recovery.
- Two scenarios for Ethereum: Bullish - reaching $3,000, and Bearish - dropping to $2,500.
- Market sentiment and developments will determine Ethereum's recovery and price movement.
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Crypto-News-Flash
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Ethereum vs. ‘Moral Reversal’: Vitalik Buterin’s Take on Crypto Ethics
- Vitalik Buterin raised concerns about the ethical direction of the cryptocurrency industry during an AMA session.
- He highlighted the criticism faced by Ethereum for not fully embracing blockchain-based gambling.
- The Ethereum Foundation deployed $120M into DeFi platforms in response to criticism over its financial strategies.
- Buterin hinted at potential changes in the Ethereum Foundation's approach, advocating for a more selective stance in supporting projects.
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NullTX
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Ethereum Whale Activity Signals Potential Bullish Reversal Amid Market Trends
- Ethereum whales have been actively accumulating ETH, adding 140,000 ETH to their accounts recently, indicating potential bullish sentiment.
- Despite price fluctuations, a bullish divergence has been observed in Ethereum's price action, suggesting a strong reversal may be on the horizon.
- Whales, as informed investors, are moving confidently towards ETH, signaling a likely positive price development in the future.
- Increased buying activity from market takers reflects a strong demand for Ethereum, further supporting a bullish outlook.
- Outflows from Ethereum ETFs, while significant, may not necessarily indicate a negative trend, as they could be temporary market corrections or signals of shifting investor sentiment.
- The combination of whale accumulation, bullish divergences, and institutional activity suggests a potential breakout for Ethereum in the near future.
- Grayscale Ethereum Trust's capital outflow and market cap statistics further contribute to the optimistic outlook for Ethereum's price movement.
- The current market conditions point towards a sentiment shift favoring positive developments for Ethereum, likely stimulating new buying interest across the market.
- While recent events may raise doubts, the overall analysis indicates Ethereum is poised for a significant reversal and potential breakout soon.
- Investors are advised to conduct thorough research before making any cryptocurrency investments, as the market situation continues to evolve.
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Insider
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What we know about the $1.5 billion Bybit crypto hack
- Dubai-based cryptocurrency exchange Bybit suffered a $1.5 billion theft, potentially the largest in cryptocurrency history.
- Hackers stole around 401,000 Ethereum during a routine transfer from a cold wallet to a warm wallet.
- The hack involved a sophisticated attack that manipulated the signing interface and altered the underlying smart contract logic.
- Bybit claims to be solvent and capable of covering the loss, with over $20 billion in assets under management.
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Cryptopotato
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Bybit Hack Fallout: Arthur Hayes, Samson Mow Push for Ethereum Rollback
- Bybit's hot wallet was hacked, resulting in the theft of $1.5 billion worth of mostly ETH.
- Arthur Hayes and Samson Mow propose a rollback of Ethereum's chain in response to the hack.
- Hayes believes previous rollbacks have set a precedent for it to happen again.
- Others caution that rolling back the blockchain could have far-reaching implications and undermine its immutability.
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TheNewsCrypto
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Arthur Heyes Suggests Rolling Back Ethereum Network to Reverse Bybit Hack
- Arthur Heyes suggests rolling back the Ethereum network to reverse the Bybit hack.
- Community opposes the idea as it could impact the entire Ethereum ecosystem and its interlinked systems.
- Rolling back the Ethereum network involves reversing activities and transitions that took place during or after the hack.
- Mixed reactions from the community on the suggestion of rolling back Ethereum for the Bybit hack.
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Coinjournal
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Bitcoin Pepe set to reap big from its virality, fundamentals, and timing
- Bitcoin Pepe is a meme crypto project aiming to revolutionize the Bitcoin network by creating a platform with low fees, speedy transactions, and the ability to launch meme coins.
- Ripple price remains stable with strong fundamentals, but lacks enough momentum for a weekly gain.
- Bitcoin Pepe has gained popularity and raised over $2.8 million within 11 days of its presale launch.
- Ethereum price shows a neutral outlook with a bullish bias, with a potential range breakout that could lead to a retest of a crucial support-resistance zone.
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TheNewsCrypto
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Will the Bybit Hack Trigger Uncertainty in Ethereum Price Movement?
- The Bybit hack has caused Ethereum price to drop and now trading around the $2.7K range.
- ETH’s daily trading volume has surged by over 103%.
- The market has witnessed $120.44 million worth of Ethereum liquidations.
- The Bybit hack raises concerns about further volatility in Ethereum price movement.
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TechBullion
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Ethereum ETF Could Spark a Rally—But This Altcoin Might Outperform by 500% in March
- The approval of an Ethereum (ETH) ETF is expected to lead to a surge in the Ethereum price and attract institutional investors.
- However, some analysts believe that DTX Exchange, a newer altcoin, could outperform with over 500% gains in March.
- DTX Exchange offers a unique hybrid trading model, combining traditional finance with decentralized trading, and is positioned for significant growth.
- With its low market cap, high utility, and growing investor demand, DTX aims to outpace the Ethereum price growth.
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