DeFi resurgence driven by Fed cuts, China, key protocols
An Apollo Crypto report links DeFi resurgence to US Federal Reserve rate cuts, China’s credit expansion and improved DeFi infrastructure. Go to Source
Ethereum
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Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui
The Sui Foundation has introduced the Sui Bridge on mainnet, enabling secure asset transfers between the Ethereum and Sui networks. This bridge focuses on simplifying the movement of assets across chains, starting with ether (ETH) and wrapped ether (WETH). Sui Rolls Out Bridge for Asset Transfers Between Ethereum and Sui According to the foundation’s blog … Read more
Ethereum gas fees rose 498% in two weeks as network activity surged — Report
An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond? Go to Source
Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market’s history of strong performance in Q4. Go to Source
EigenLayer’s EIGEN token unlock looms, futures tip a $6.8B FDV
EigenLayer’s EIGEN token is scheduled to unlock at 5:00 a.m. UTC on Oct. 1 and will start trading on exchanges such as Binance soon after. Go to Source
Ethereum Technical Analysis: ETH Price Consolidates Amid Market Uncertainty
On Sept. 30, 2024, ethereum’s price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages provide conflicting signals. Traders are closely watching whether the second leading crypto asset will break through resistance or test lower support zones, given the current … Read more
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