Digital Asset Platforms Lose a Record $2.1B in 2024, Mostly Due to Hacks

A Cyvers report reveals that centralized and decentralized digital asset platforms suffered $2.114 billion in losses in the first nine months of 2024, surpassing 2023’s total. Hacks and breaches account for the majority of these losses, emphasizing the need for enhanced security measures. Centralized Exchange Hacks Surge Nearly 1,000% Cybersecurity Cyvers’ analysis shows that losses … Read more

Ethereum’s Network Activity And Fee Surge Amid 15.6% Rally

Ethereum’s network has seen a surge in activity recently, with fee levels rising alongside the increased demand. Despite the uptick in fees, the Ethereum community appears unconcerned, as the asset has rallied by 15.6% since September 15th. Users seem willing to pay higher transaction fees, banking on Ethereum’s continued upward momentum as the #2 cryptocurrency. … Read more

Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus

Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction fees and limited impact from U.S. spot exchange-traded funds (ETFs). Coinbase: ‘We Anticipate a Constructive Q4 2024’ … Read more

Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024

According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into these platforms nudged upward by 0.643%, bringing the total to 14.08 million ETH. Ethereum Liquid Staking Surges to 14M Ether, 90,000 Added in 12 Days … Read more

Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party

On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively … Read more

Bitcoin ETFs See $365M Inflows as Ether Funds Slip

On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. … Read more

Bullish Sentiment Grows As Ethereum Futures And Burn Rates Surge

Ethereum futures are showing a bullish shift as funding rates rise, indicating increased buying activity among futures traders. This uptick in demand suggests that market participants are becoming more optimistic about Ethereum’s short-term price potential. #Ethereum Futures Signal Bullish Shift “The rise in funding rates indicates an increase in buying activity among futures traders, signaling that … Read more

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