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Ethereum Price Consolidation Amid Rising Whale Transactions And ETF Advocacy

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The second-largest cryptocurrency, Ethereum, is currently undergoing a period of consolidation within a massive symmetrical triangle formation. Despite recent price corrections, Ethereum’s market remains dynamic, with notable activity observed in whale transactions.  This uptick in whale transactions serves as a bullish indicator, suggesting potential positive movements in Ethereum’s price in the near future. #Ethereum is … Read more

Fidelity Pursues Ethereum ETF Despite Potential SEC Hurdles

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Fidelity Investments has taken a bold step in the cryptocurrency market by submitting a Form S-1 for a proposed spot Ethereum exchange-traded fund (ETF) with staking capabilities, according to recent SEC filings. This move underscores Fidelity’s commitment to expanding its presence in the burgeoning digital asset space. Fidelity filed a Form S-1 for a proposed … Read more

Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout

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The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the … Read more

CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities

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The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright … Read more

Grayscale Ethereum Trust Discount Narrows Amid ETF Approval Uncertainty

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The Grayscale Ethereum Trust (GET) is making headlines once again as its discount narrows to -20%, a level not seen since November 2023. This development comes amidst growing uncertainty surrounding the potential approval of a spot Ethereum exchange-traded fund (ETF) in May. GRAYSCALE ETHEREUM TRUST DISCOUNT HITS -20% The discount on the Grayscale Ethereum Trust … Read more

Ethereum Foundation Receives Confidential State Inquiry, Removes Warrant Canary Icon From Github Repo

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The Ethereum Foundation has reportedly received a “voluntary enquiry from a state authority,” according to a note added to the group’s Github page. State Actors Have Contacted the Ethereum Foundation; SEC Reportedly Investigating On Wednesday, March 20, 2024, the crypto community discussed a message posted to the Ethereum Foundation’s Github repository which also features a … Read more

DeFi Collateral Liquidations Soar As ETH Prices Dip

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Over the past 24 hours, the decentralized finance (DeFi) sector witnessed a significant surge in collateral liquidations, totaling more than $5.4 million, with a substantial portion linked to Ethereum (ETH) assets amounting to $4.27 million.  According to parsec, more than $5.4 million in collateral was liquidated on the DeFi in the past 24h, including $4.27 … Read more

Blackrock Aims to Launch Tokenized Investment Fund, Seeks SEC Nod for ‘BUIDL’ Fund on Ethereum

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The globe’s most substantial asset manager by assets under management, Blackrock, has submitted a form to the U.S. Securities and Exchange Commission (SEC) for the initiation of a tokenized investment fund. Additionally, the community has unearthed the development of a token named the “Blackrock USD Institutional Digital Liquidity Fund” or BUIDL on the Ethereum blockchain. … Read more

Decrease In Layer 2 Transaction Fees After Dencun Upgrade and EIP-4844

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In the aftermath of the recent Dencun upgrade and the deployment of EIP-4844, there has been a noticeable decline in transaction fees across various Layer 2 (L2) networks. This development marks a significant step forward in addressing the issue of high transaction costs within the Ethereum ecosystem. During the last hour (9:00–10:00 UTC+8), several L2 … Read more

Hope Rises Among XRP Proponents for a Significant Upswing Amidst Crypto Market Expansion

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In the last week, XRP experienced a 19.9% increase in its value against the U.S. dollar, reaching a peak of $0.744 per coin on March 11, 2024. Its price has since retreated a hair, now trading at $0.685 per XRP. Although the digital currency’s market results haven’t captured as much attention as bitcoin and ethereum, … Read more

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