Certain success stories stand out following a move to seize the right opportunity, at the perfect time. Consider the journey of a college student who, in the pivotal year of 2016, invested just $500 in Ethereum when its price was a modest $10 per coin. Fast forward to 2021, and
Ethereum has been under significant bearish pressure over the past two weeks, with the cryptocurrency hitting a seven-month low of $2,111 recently. Despite a brief recovery, Ethereum’s price currently stands at $2,640, marking a 4% decline amid decreasing trading volume. The second-largest cryptocurrency continues to face intense selling pressure. The
As the crypto market regains momentum, attention is drawn to the upcoming US election, which will have a huge impact on digital assets. Ethereum (ETH), the second-largest cryptocurrency by market cap, has climbed more than 5% in the past 24 hours, trading above the $2,750 zone. This surge comes at
South Korea’s largest cryptocurrency exchange, Upbit, has officially announced listing Aethir (ATH) on its KRW and BTC markets. Aethir is a decentralized cloud computing project, targeting the rising computational demands of AI and gaming. Aethir’s cloud computing approach positions it as a key player in these sectors. The Aethir network
PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen significant expansion since its inception, with its supply on Solana now exceeding that on Ethereum. In August 2023, PYUSD launched on Ethereum in partnership with custodian Paxos, and its initial supply grew to $230 million by the end of the year. Due to
On Monday, $4.9 million poured into U.S. spot Ethereum ETFs, while the Grayscale Ethereum Trust (ETHE) witnessed its first day of trading with zero flows since converting into an ETF. After three days of negative flows, the net inflows of the nine ether ETFs was recorded, according to statistics from
Leading altcoin Ethereum has witnessed several whale movements in the past 24 hours. While the token’s price has consolidated at the $2.6K level, particular community members were observed selling ETH tokens. Meanwhile, the overall cryptocurrency market has shown positive momentum with Bitcoin and other altcoins showing modest price increases. Notably,
After the market crash on August 5, institutional investors poured capital back into cryptocurrency funds, and Ethereum exchange-traded products were their first pick. For the week ending August 11, crypto asset investment products saw inflows totaling $176 million, according to the Digital Asset Funds Weekly Report issued on August 12
US spot Ethereum ETFs after the July 23 launch were expected to draw significant inflows similar to the spot Bitcoin ETFs. The digital assets failed to meet analysts’ expectations as it witnessed mounting outflows following its initial launch day. However, the past week has witnessed for the first time weekly
As the volume of transactions on layer-2 networks keeps increasing, the median price of sending a transaction on the Ethereum blockchain has fallen to its lowest point in five years, with low-priority transactions falling to about 1 gwei or even lower. On August 10th, Dune Analytics data showed that the
