Wed, November 6

Ethereum (ETH) Staking Hits Record High Amid Recent Market Decline

The percentage of supply staked ETH hit a record high of 27.95%. This follows a little decline two weeks earlier, on July 21, when it fell from 27.58% to 26.82%—a decline of 0.76%. Not only has it recovered since then, but it has also exceeded its prior records. Significantly, there

August 7, 2024 1 min read

Ronin Network Loses $9.8 Million in ETH, Pauses Bridge

Ronin Network has experienced a significant security breach, resulting in the loss of nearly $9.8 million worth of Ethereum (ETH). This incident highlights the growing concerns surrounding crypto security, particularly amidst the recent wave of hacking activities. On August 6, 2024, Ronin Network, which underpins the popular play-to-earn game Axie

August 6, 2024 1 min read

Can Ethereum Bulls Regain Control If ETH Sustains $2.5K?

Following a sharp dip to the $2,100 zone on Monday, Ethereum (ETH) has climbed back to test the $2,500 barrier. This recovery raises questions about the Ethereum market trend, with a target at the $2,750 level before possibly resuming a bearish trend. On Monday, ETH’s price plummeted more than 23%

August 6, 2024 2 mins read

DeFi Liquidations Hit New Annual High Amid Crypto Market Sell-Off

According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been

August 6, 2024 1 min read

How Did Major Cryptos Bitcoin and Ethereum Crash Overnight?

In the last 24 hours, the cryptocurrency market faced a sharp downturn, with $901.67 million in long positions liquidated. The sell-off, which surged on Sunday, has stemmed to significant losses across major digital assets like Bitcoin (BTC) and Ethereum (ETH). Also, the decline has pushed the global market cap below

August 5, 2024 2 mins read

Will Ethereum (ETH) Recover After Falling Below $3,000 Again?

Ethereum (ETH), the second-largest cryptocurrency by market cap, has fallen below $3,000 for the second time in the past 30 days, mirroring global market concern and significant sell-off pressure in the crypto ecosystem. Today’s 8.41% decline in ETH comes as Genesis Trading, a major player in the crypto market, has

August 3, 2024 2 mins read

Genesis Transfers $1.5B in BTC and ETH to Likely Repay Creditors

The crypto lending behemoth Genesis Global, which had previously declared bankruptcy, has reportedly transferred $1.5 billion to repay creditors. Noting that the transferred money is held in Bitcoin (BTC) and Ethereum (ETH), the crypto data analytics portal Arkham Intelligence revealed the update. Genesis Global was badly affected by the FTX

August 2, 2024 1 min read

Ethereum Smart Money Wallet Accumulates ETH Amid Price Dips

Leading altcoin, Ethereum experienced the spotlight with the launch of its spot ETH ETFs in July. The token was expected to rally with price breakouts, but contrary to market expectations, ETH did not show notable surges. In the last 24 hours, a smart money wallet, known for its 100% win

August 2, 2024 2 mins read

Will Ethereum Defy the Bears and Rally in August?

The crypto market exhibits a bearish sentiment followed by the unchanged Fed rate. Bitcoin has dropped by 3%, and the largest altcoin, Ethereum, recorded a similar downside price action by falling over 3.70%. A low has formed near $3,136, indicating a negative outlook.  The price drop of ETH can also

August 1, 2024 2 mins read

Spot Ethereum ETFs See $77.2M Outflow Amid Market Volatility

Another large outflow of $77.2 million occurred on Wednesday, July 31, in Spot Ethereum ETFs. Although there was a recovery on Tuesday, this indicates that the declining trend in flows has persisted. Furthermore, the Federal Reserve’s decision to leave interest rates steady is accompanied by these outflows, which indicate a

August 1, 2024 2 mins read