Search Results for: EU

“Ethereum’s co-founder, Vitalik Buterin, has reportedly been moving large amounts of ETH to various exchanges. Total transfers in September reach $3.94 million worth of ETH. Despite prices falling, Ether’s trading volume noticeably increases, while Ethereum’s gas usage sees an 8-month low.”

“A series of large Ethereum transactions linked to Vitalik Buterin have been detected, including a 400 ETH transfer to Coinbase. These deposits, ranging over 10 days and amounting to nearly $3.94 million, have sparked speculation about a potential sell-off and its impact on the ETH price.”

“Ethereum teeters just under the $1,800 mark with the Wall Street Memes presale closing soon. Despite a marginal dip, Ethereum remains the second-ranked cryptocurrency with a market cap of $190 billion. However, the cryptocurrency landscape is volatile and investors should tread with caution.”

“The cryptocurrency giants, Bitcoin and Ethereum, experience minor fluctuations around 1%, trading around $26,500 and $1,600 respectively. This stability, combined with indecisive sentiments from the Fear & Greed Index, contribute to a neutral trading bias in the crypto market, inciting expectation of a breakout.”

Coinbase reportedly aimed to acquire bankrupt FTX Europe to expand its overseas derivatives business but ultimately pulled out. The sale of FTX Europe illustrates the high stakes in the crypto sphere, and the growth and risks associated with derivatives trading.

“In the wake of China’s significant capital flight and a weakening Yuan, the Bitcoin market may see a surge as investors search for alternatives to the feeble domestic market. Despite China’s strict capital controls, crypto may emerge as a lucrative option. However, prevailing uncertainties about the present impact of capital flight on Bitcoin, compared to 2017, remain. Industry changes in the Ethereum universe with the sunsetting of toolkits, Ganache and Truffle, also reflect this blockchain uncertainty.”

Digital asset services firm, Galaxy Digital has appointed Leon Marshall as its inaugural European Chief Executive, signaling a stride towards global expansion. This venture showcases the firm’s determination to extend its territory despite challenging market trends, spurred by advancements in European digital asset regulation – a factor that’s presenting Europe as a promising crypto hub.

Despite witnessing a 36% year-to-date price increase in 2023, Ethereum’s price lags significantly behind Bitcoin’s, sparking concern among investors. Even protocol upgrades and the shift to Proof-of-Stake consensus couldn’t sustain Ethereum’s price rise. However, the proposed Ether ETF by ARK Invest and 21Shares, along with Canto’s migration to Ethereum’s layer-2, indicate potential catalysts for recovery.

Binance reportedly spent an astonishing 530 Ether on gas fees in a day due to unexpected spikes in Ethereum network gas prices. This large expenditure, linked to the “Binance 14” wallet, provoked reactions and led to questions about the trading platform’s technology and coin management capabilities.

Despite a recent 1% drop in price, market indicators suggest that Ethereum (ETH) is ‘oversold’, signalling a potential buying opportunity. ETH’s price could surge following the anticipated launch of the Holesky testnet on September 28, with strong fundamentals indicating a year-end price of $1,800.

“According to RRx, Ether, the cryptocurrency of the Ethereum blockchain, is trading at a 27% discount to its intrinsic value. This valuation is based on a modified Metcalfe law model, considering both Ethereum’s mainnet active users and the usership of its layer 2 scaling networks.”

“Ethereum’s recent trading volume exceeded $2.6 billion, boosting its price over the $1,600 benchmark. Despite a hiccup in the Holesky testnet launch due to data entry errors, Ethereum’s mainnet remains unaffected emphasizing the need for testnets in improving validation and staking processes.”

The Ethereum network recently witnessed an impressive surge in daily active addresses, hitting 1.088 million. This was significantly higher than the usual 300,000-450,000 range. This spike could be the start of a robust on-chain activity trend and could provide a price boost for Ethereum in the future. However, factors like SEC regulations and ETF approvals will influence its course.

“The Ethereum market exhibits dynamism, with ETH showing resilience after a drop and subsequent 6% rebound. Despite macroeconomic factors possibly boosting cryptocurrencies, concerns over high network fees, regulatory uncertainties and potential U.S. indictment of popular crypto exchange Binance, persist.”