Ethereum Rebounds Above $3,600 As Whales Accumulate

Ethereum has made a notable rebound, surpassing the $3,600 mark today, fueled by reports of whale accumulation of ETH tokens. According to data from Lookonchain, significant withdrawals from exchanges have been observed, indicating whale activity. One such example is wallet address 0xACc7, suspected to be associated with Matrixport, which withdrew 22,251 ETH ($80.06M) from exchanges in the past few hours and a total of 33,925 ETH ($122.06M) over the past three days. Whales are accumulating $ETH! 0xACc7(probably #Matrixport) withdrew 22,251 $ETH($80.06M) from exchanges in the past 1 hour and has withdrawn 33,925 $ETH($122.06M) from exchanges in the past 3 days.https://t.co/R43ImnYb5H

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Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDCOn Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle. Circle Provides BUIDL Off-Ramp This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC. BUIDL, […]

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Ethereum Surges Past $3,700 Mark, On-Chain Activity Peaks

Ethereum has experienced a remarkable surge in its market capitalization, jumping by an impressive 9.2% in the last 24 hours and surpassing the $3,700 mark for the first time in over three weeks.  According to the Santiment feed, the Market Value to Realized Value metric indicated that traders were averaging significant losses from April 2nd to April 7th, creating an opportune window for buying ETH with minimal risk. 📈🤑 #Ethereum’s market cap has jumped a whopping +9.2% in the past 24 hours, crossing $3,700 for the first time in over 3 weeks. The @santimentfeed Market Value to Realized Value indicated

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Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face Downturns

Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face DownturnsThe cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day, bitcoin rose by 2.3%, surpassing the $68,000 threshold, while ether saw a 0.9% rise throughout the day. […]

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Van Eck Analysts Foresee $1 Trillion Market Cap for Ethereum’s Layer Twos by 2030

News Bytes - Van Eck Analysts Foresee $1 Trillion Market Cap for Ethereum's Layer Twos by 2030Van Eck analysts predict that Ethereum’s Layer two (L2) scaling solutions will reach a $1 trillion market cap within six years, fueled by the need to overcome Ethereum’s limitations in processing capacity, data storage, and computation. Despite acknowledging the potential for significant revenue generation on L2 networks over the base Ethereum network, the analysts express […]

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Options Market Sees Unusual Activity Amidst Bitcoin’s Decline

As Bitcoin prices continued to slide, the options market presented a peculiar scenario with a notable absence of put options being traded.  According to data from Greekslive, the majority of trades yesterday were calls, indicating a bullish sentiment prevailing in the market. The situation was particularly striking in the Ethereum options market, where call option trades constituted a staggering 90% of the total trades—a level of extreme share rarely witnessed.  Bitcoin continues to fall, driving the crypto market down significantly, with panic spreading across the market and futures premium levels falling.However, in the options market, few puts were traded, and

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In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline

According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued at approximately $1.18 billion. $1.18 Billion Worth of […]

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Ethereum Faces Minor Setback Following Weekend Rally

After experiencing a notable rebound last weekend, Ethereum appeared to be on an upward trajectory, surpassing the $3.6K mark after enduring a significant dip of up to -25% between March 11th and 19th. However, today saw a modest decline of 5% in the price of Ethereum. 👍 #Ethereum has taken a jump this weekend, rebounding above $3.6K after dropping as much as -25% between March 11th and 19th. The amount of $ETH addresses holding coins is up to an #AllTimeHigh 118.23K, and mid-term MVRV has a very mild #bullish signal. https://t.co/YbGArXdzAN pic.twitter.com/oSEEjNapkY — Santiment (@santimentfeed) March 31, 2024 In recent

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48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’

48 US Lawmakers Call on SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of 'Negative Repercussions'Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long […]

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Crypto Market Roundup — CORE and WIF Outshine in a Week of Market Volatility

Crypto Market Roundup — CORE and WIF Outshine in a Week of Market VolatilityOn April 1, the overall cryptocurrency market witnessed a decrease, with a 2.2% drop over the last day, as bitcoin and ethereum fell by 2.4% and 3.2% respectively against the U.S. dollar. Despite this downturn, the past week saw 14 digital assets experience notable increases, with the crypto token CORE soaring by 174% and WIF […]

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