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Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, stands at a critical crossroads. Data from the past week presents a complicated tableau: although institutional outflows from Ethereum-related products keep rising, an anonymous whale—or possibly a coordinated group—has been making some seriously aggressive moves to accumulate the asset. As this protest by the so-called smart money … Read more
After former President Donald Trump made his unexpected announcement about tariffs, followed by a temporary 90-day pause on enforcement, the global financial markets were shocked into a sharp risk-off mode. Around the world, equities saw heavy selling. Even the crypto market—which is usually touted as a hedge against traditional financial instability—was not spared. In fact, … Read more
Ethereum has recently been the butt of jokes from large-cap crypto traders—and not the amusing kind. When we look at the ETH/BTC ratio, which is down a hard-to-look-at 77% since December 2021, we see something that is more overconfidence than it is wisdom. Most people see decline. But if we’re looking at this like seasoned … Read more
One of the most significant cryptocurrency scams of recent memory has taken a major turn, with the scammer behind the fraudulent platform ZkCasino now suffering a loss of $27.1 million after their highly leveraged position in Ethereum (ETH) was liquidated. ZkCasino, which falsely claimed to be a blockchain-based gambling platform, has now also been linked … Read more
Ethereum is back in a downward slope following notable losses in the past week, although it appears strong today. An expansion from the current trading level should determine the next major move. Following last month’s trading, Ethereum took a temporal break after dipping to its lowest level for the first time in a year. This … Read more
Ethereum’s recent price movement reveals a lack of strong support around its current price level. Many investors are tentative about re-engaging at these levels. The cost basis distribution of Ethereum shows minimal buying interest around the current price. There is no activity to speak of from the addresses that hold Ethereum at a $1.8K cost … Read more
The decentralized finance (DeFi) ecosystem keeps on growing apace, now surpassing a major milestone that has pushed the total value locked (TVL) beyond a whopping $101.5 billion, according to the latest data from OKX Explorer’s DeFi Leaderboard. This impressive figure certainly highlights the ongoing evolution of DeFi and shows how much we are now full … Read more
The cryptocurrency market is familiar with enormous transactions, but when an address with significant assets moves over $45 million worth of Ethereum, it certainly captures the interest of investors and traders. A massive transaction recently took place on the Binance exchange when a whale identified by the Ethereum address 0x15Bb5D31048381c84a157526cEF9513531b8BE1e, deposited 22,000 Ethereum, worth an … Read more
A striking show of growth and dominance was exhibited by Binance Wallet, which hit a major milestone on March 18. In one day, its trading volume reached $90.556 million. That was 54.1% of the total volume in the crypto wallet sector on that day. Binance Wallet, in a very short time, increased its market share … Read more
In recent times, Ethereum has faced a lot of selling pressure, with the last three months marking its most significant selling volume, according to Ki Young Ju, who runs CryptoQuant. The entire cryptocurrency market and Ethereum—by extension—have seen downturns recently, along with some persistently bearish outflows from Ethereum spot ETFs. Nevertheless, it looks like Ethereum … Read more