The altcoin market saw remarkable growth this month, with SOL, XRP, ADA, PEPE, and FLOKI surging in double-digit returns. Consequently, the anticipation of the altcoin season mounts. ETH’s surge might be the missing piece to solidify the altcoin market rally. The largest altcoin, Ethereum (ETH) has stalled behind other major
PeckShield reported that an address linked to the Polter Finance exploiter transferred 120 ETH to Tornado Cash, a privacy tool commonly used to obscure blockchain transactions. Polter Finance, a decentralized non-custodial lending and borrowing platform, recently suffered a devastating hack, resulting in approximately $8.7 million in crypto losses. The incident
A new record of $33.5 billion has been reached so far this year by global crypto funds managed by global asset managers. According to CoinShares, these funds have now had net inflows for six weeks running, with an additional $2.19 billion. The funds’ assets under management have reached a new
With the cryptocurrency markets surging once again, spot Bitcoin exchange-traded funds (ETFs) resumed their upward pace and had another good week. Data from the crypto monitoring platform SoSoValue shows that spot Bitcoin ETFs saw six weeks of positive flows, with net inflows of $1.67 billion during the trading week of
The recent crypto market rally, driven by Bitcoin’s new all-time high, has fueled a positive market sentiment. Consequently, traders shifted focus to Ethereum, which initially outperformed other altcoins. However, Ethereum faced criticism as it lagged, unable to reach higher levels. Analysts predict Ethereum might explode after breaking steadily above the
The bullish sentiment of the crypto market drove the overall market cap to climb past $3 trillion, surging over 5%. While Bitcoin (BTC) trades at $91,627, Ethereum (ETH) cannot mirror its upward momentum. With fading bullish signals, the ETH price risks its price. ETH hovers at a crucial trading juncture,
The surge in crypto asset prices ignited a bullish sentiment in the cryptocurrency market. Notably, the global crypto market cap currently settles at $2.99 trillion, with a 3.64% increase over the day. Bitcoin (BTC) hit its new all-time high of $93.4K, which lifted the crypto market. Despite the surge, the
At the much-anticipated Devcon 2024 in Bangkok, Vitalik Buterin, the co-founder of Ethereum, shared exciting updates on the network’s future. He outlined key upgrade plans to enhance decentralization and censorship resistance and prepare for quantum computing threats. The report said that Buterin highlighted Ethereum’s goal to scale, aiming for over
Today, the Ethereum Foundation made another significant move in its ongoing strategy to fund public projects and maintain reserves. For the first time since releasing its annual report, the foundation sold 100 ETH, swapping the cryptocurrency for the stablecoin DAI. This transaction followed a similar move in late October, where
Ethereum Foundation researcher Justin Drake has introduced a proposal at Devcon for a comprehensive redesign of Ethereum’s consensus layer, termed the “Beam Chain.” Beam Chain combines several advanced upgrades from the Ethereum roadmap, including native zero-knowledge (ZK) proof support and faster finality. This proposal could mark Ethereum’s biggest transition since
