Ethereum Experiences Price Volatility Amid Sell-Off Reports, Records New Staking High

Despite a slight recovery, Ethereum price has been marked by significant sell-offs in the past 24 hours, with the token currently trading above the $2300 mark. In a notable transaction, a large whale identified as 0x6f6…1723d initiated a sell-off of $WBTC and $ETH amounting to US$7.14 million. The whale withdrew 33.6 WBTC and 2,500 ETH … Read more

Return Of Tether To Exchanges Sparks Speculation of Bullish Trend

In a surprising turn of events, approximately 4% of Tether’s available supply has returned to exchanges within just five weeks. This movement contrasts with the ongoing trend of Ethereum and Bitcoin supplies moving off exchanges following the adoption of the ETF.  📊 As #Bitcoin’s & #Ethereum’s respective supplies have continued moving off exchanges after the … Read more

Ethereum Surpasses $2250 Mark Amidst Deposit Reports By Celsius And FTX

Ethereum, the second-largest cryptocurrency by market capitalization, has surged past the $2250 mark, currently trading at $2266 with a 2% increase over the past 24 hours.  This upward momentum comes despite recent reports indicating significant deposits by Celsius and FTX to centralized exchanges (CEXs). Spotonchain’s on-chain reports reveal that Celsius and FTX collectively transferred $59.06 … Read more

Ethereum Struggles To Break $2200 Zone As Grayscale’s ETF Application Postponed

Today, Ethereum ($ETH), the world’s second-largest cryptocurrency, experienced a modest gain of 0.7% as it grappled with breaking out from the $2200 zone. Despite ongoing efforts, ETH continues to face resistance at this critical price level. In recent developments, Grayscale Investments’ bid to transform its Ethereum trust product (ETHE) into an exchange-traded fund (ETF) was … Read more

Ethereum Whales Execute Strategic Moves Amid Market Dip, Monitor These Transfers

As cryptocurrency markets experience a dip today, Ethereum (ETH), the second-largest cryptocurrency, has seen a decline of over 4%, currently trading around $2,541. Despite this downturn, recent on-chain data from Spotonchain highlights significant activity involving an Ethereum whale. An Ethereum whale recently executed a substantial move, transferring approximately 12,070 ETH to Coinbase, one of the … Read more

BASE, Ethereum Layer 2 Chain Hits $10 M In Cumulative Revenue Since Launch Date

BASE, an Ethereum Layer 2 (L2) chain, has achieved a significant milestone by surpassing $10 million in cumulative revenue since its launch in early August 2023. As a Layer-2 scaling solution developed on the Optimism technology stack, BASE provides a secure, cost-effective and developer-friendly environment for on-chain development. Thereby, contributing to its rapid growth and … Read more

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