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While other assets continue to stagnate, Ethereum (ETH) seems to be changing its stride. The second-largest crypto by market cap has rallied 3.1% in the daily charts, 1.3% in the weekly charts, and more than 14% over the previous month. ETH’s price continues to be in the red in the 14-day chart, falling 6.5% in the last two weeks. Source: CoinGecko ETH’s latest trend reversal is likely due to the US Securities and Exchange Commission permanently suspending its investigation into the project. Also Read: SEC Permanently Suspends Investigation Into Ethereum ETH developer Consensys Software Inc. took to X and stated, “ Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC will not bring charges alleging that sales of ETH are securities transactions. “ Ca...

Both Bitcoin and Ethereum are projected to hit new all-time highs this week, according to Standard Chartered projections. Indeed, the financial services company expects the impending Spot Ethereum ETF approval to drive both assets to landmark price points. The US Securities and Exchange Commission (SEC) had surprisingly changed its tune on the Ether ETF filings. Many had expected rejection or delay, with the switch taking place early Tuesday. Specifically, Bloomberg increased its approval odds from 25% to a whopping 75%. Subsequently, Standard Chartered believes that will drive the value of the market’s two leading assets. Source: Watcher.Guru Also Read: SEC Informs Exchanges It May Approve Spot Ethereum ETFs Bitcoin & Ethereum to Set New All-Time Highs This Week At the start of the year, Bitcoin received the inaugural crypto-based ETF in the United States. Shortly after, all eyes were directed to what asset could receive the next approval. Now, that question seem...

CoinDesk initially reported, and a Protos review has confirmed that the Ethereum Foundation removed a ‘ warrant canary ’ from its website on February 26, according to a commit to its GitHub repository.  A warrant canary is a symbol or piece of text that states the entity has not received a certain type of inquiry. By removing the canary, the entity can signal that it has received outreach from authorities. The text that was removed from the Ethereum Foundation website appears to have said: “The Ethereum Foundation (Stiftung Ethereum) has never been contacted by any agency anywhere in the world in a way which requires that contact not to be disclosed. Stiftung Ethereum will publicly disclose any sort of inquiry from government agencies that falls outside the scope of regular business operations.” The merge request corresponding to this change on GitHub further notes that the foundation “ received a voluntary enquiry from a state authority that includ...

Following a brutal bear market for most of 2022 and 2023, the crypto industry finally appears to be gaining its footing again in early 2024. Bitcoin and select altcoins have managed to climb back toward their former all-time price highs, signaling a potential change of fortunes after a prolonged crypto winter. With positive sentiment returning to the market and buyers regaining confidence, March could prove a momentous month if the following five cryptocurrencies manage to achieve new all-time highs. Also read: Cryptocurrency: Top 3 Cheap Coins To Buy For Massive Gains In March Ethereum Eyes $5,000+ As the second-largest cryptocurrency, Ethereum has neared its former peak of $4,891 twice since November 2021 but failed on both attempts. Currently still about 22% away from that high, ETH may finally be ready to set new records above $5,000 considering the anticipation of the ETH ETF and the awaited Ethereum upgrades. Shiba Inu Eyes $0.0001 Shiba Inu took the crypto...

A trader managed to turn five Ethereum (ETH) into $3.3 million buying and selling PORK token . In the latest display of trading acumen, a savvy market participant has executed a stunning financial maneuver transforming a mere five Ethereum — valued at approximately $12,000 — into a staggering $3.3 million fortune within the span of only three days. Analysts at Lookonchain closely followed this trader ’s strategic play, noting that the windfall was achieved through a timely investment in the newly launched PepeFork (PORK) cryptocurrency. Details emerging from Lookonchain reveal that the trader’s foray into PepeFork’s market began a mere seven minutes following the coin’s debut on Feb. 1. Capitalizing on the nascent trading opportunity, the investor converted the ETH holdings into 9.5 trillion PORK tokens. In just 3 days, this trader made $3.3M on $PORK with only 5 $ETH($12K)! This trader spotted $PORK 7 minutes after it opened trading and spent 5 $ETH($12...

An Analysis of Ethereum’s financial information has shown that an astronomical $2.5 billion worth of ETH has been burned since the Merge Event in September of 2022. Indeed, Ultrasound Money shows that the supply of Ethereum is at an 18-month low, currently standing at 309,663 ETH. The development shows a clear contrast to the inflation that Ethereum had previously observed. Indeed, the asset has now shown a deflationary shift due to the 1,195,238 ETH that has been burned. Moreover, that permanent reduction in supply will have a long-term positive impact on the asset’s value. Source: Investopedia Also Read: Will Ethereum Flip Bitcoin in 2024? VanEck Weighs In Ethereum Supply Drops by 1 Million ETH Since Merge Throughout the entire history of the digital asset sector, Bitcoin has reigned supreme. However, the rising prominence of Ethereum has caused it to be the only true competitor within the space. Moreover, the landmark merge event had been a massive moment in ...

Over $6.51 billion in Bitcoin and Ethereum options are due to expire on Nov. 24, potentially indicating heightened trading activity. A  vast number of Bitcoin (BTC) and Ethereum (ETH) option s are set to expire on Nov. 24, potentially influencing market dynamics. This comes in the wake of the U.S. DOJ’s recent criminal charges against the Binance and its hefty $4.3 billion fine.  Specifically, about 108,000 BTC options are nearing their expiration date. These options carry a Put Call Ratio of 0.83, indicating a slightly higher inclination towards call options (betting on price increase) than put options (betting on price decrease). The ‘max pain point’ for these options is $33,000, which is the price level where the collective holders of the options contracts would experience the most financial loss. The total notional value of these BTC options is a staggering $4.04 billion. 24 Nov Options Data 108k BTC options are about to expire with a Put Call Ratio of 0.83, a max...

Santander Private Banking International, a division of Banco Santander, is now offering its wealthy clients the opportunity to trade and invest in prominent cryptocurrencies like Bitcoin and Ether, marking a significant shift in the bank’s approach to digital asset management. Santander Private Banking International, an arm of Banco Santander, is now offering its high net worth clients the opportunity to trade and invest in major crypto currencies such as Bitcoin (BTC) and Ether (ETH). This move, detailed in an internal announcement obtained by CoinDesk, represents a significant shift in the bank’s approach to digital assets. Santander, a bank with a rich history spanning over 160 years and serving 166 million customers, will not stop at offering just BTC and ETH. Over the coming months, it plans to extend its cryptocurrency offerings, adhering to stringent screening criteria to ensure quality and security. This development is particularly noteworthy given the cautious...

Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions.  A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 Bitcoin dropped to its lowest level in about a month. This indicates that some whales may have sold into the recent strength. Daily cryptocurrency market performance. Source: Coin360 DecenTrader co-founder Filbfilb said in an interview with Cointelegraph that a drawdown could come before the rally leading into Bitcoin halving in April 2024. Filbfilb believes Bitcoin could pick up pace after that and reach $46,000 to $48,000 by halving. Could Bitcoin and the select altcoins resume their uptrend, or will higher l...

The total amount of liquidations on the crypto market over the past 24 hours exceeded $300 million. Most forcedly closed positions were in Bitcoin (BTC) and Ether (ETH). The sharp Bitcoin price collapse to $35,000 cost the traders $121 million. Market participants who opened long positions in Ethereum also suffered significant losses. The fall in the price of the second largest cryptocurrency by capitalization below $2,000 cost them $64.1 million. Market liquidations | Source: Coinglass The leader in liquidations among altcoins was the native token of the Solana blockchain: due to SOL, traders suffered losses of $13.03 million. Crypto liquidations per particular tokens | Source: Coinglass Over 90% of liquidations were distributed between OKX, Bybit, and Binance. OKX executed the largest order. The exchange closed a long BTC/USDT for $9.45 million. Earlier, the price of Bitcoin fell sharply by more than 5% and tested the $35,000 mark. The release of data on the consumer ...

ProShares , a major issuer of exchange-traded funds ( ETF s), has introduced the first ETF designed to short Ether as the cryptocurrency market experiences heightened volatility. The ProShares Short Ether Strategy ETF (SETH) began trading on the New York Stock Exchange on November 2nd. It aims to allow investors to profit from declines in ETH’s price through exposure to ETH futures contracts. “SETH is designed to address the challenge of acquiring short exposure to ether, which can be onerous and expensive,” said ProShares CEO Michael Sapir in announcing the new fund. Also Read: US Government Arrests Founders of SafeMoon Crypto Token ProShares launch comes amidst market volatility The launch comes amid whipsawing prices across crypto markets in 2023. ProShares said the fund offers a convenient way to bet against further ETH drops within traditional brokerage accounts. ProShares has rolled out other crypto-linked ETF s. These include funds that tr...

Fireblocks assists smart contract wallet UniPass to address ERC-4337 account abstraction vulnerability. Cryptocurrency infrastructure firm Fireblocks has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem. An announcement on Oct. 26 unpacked the discovery of an ERC-4337 account abstraction vulnerability in the smart contract wallet UniPass. The two firms worked together to address the vulnerability, which was reportedly found in hundreds of mainnet wallets during a ‘whitehat’ hacking operation. According to Fireblocks, the vulnerability would allow a potential attacker to carry out a full account takeover of UniPass wallet by manipulating Ethereum's account abstraction process. As per Ethereum’s developer documentation on ERC-4337, account abstraction allows for a shift in the way transactions and smart contracts are processed by the blockchain to provide flexibility and efficiency. Related: Account a...

Since the beginning of 2023, Ethereum (ETH) is up by almost 30%. Despite being down by 6.1% over the previous month, ETH has proven to be a lucrative asset to hold over the long term. Nonetheless, ETH’s returns this year are vastly outshined by Bitcoin’s (BTC) almost 60% gain in the same time frame. Also Read: Ethereum Billionaires Now Hold 32% of Supply According to the forecast by CoinCodex, Ethereum (ETH) could reach a high of $1,638.41 by Oct. 31, 2023. The gain translates to a growth of about 5.6% from current price levels. Furthermore, the platform also forecasts that ETH’s price could breach the $1,800 level in early November. Source: CoinCodex According to the machine learning algorithm at PricePredictions, ETH’s price will continue to hover in the $1.5k level, possibly hitting $1,504.14 on Oct. 31, a drop of 3.03% from current levels. Moreover, it predicts a bearish trajectory for ETH for most of November. Source: PricePredictions Changelly,...

Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation. Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy. The uncertain near-term environment has shifted analysts’ focus to November and the upcoming halving event expected in April 2024. Crypto analyst Miles Deutscher cited a chart from CryptoCon and said that if history repeats itself, then Bitcoin may turn up by November 21 and start its journey higher to the next halving. Daily cryptocurrency market performance. Source: Coin360 Going further ahead to 2026, BitMEX founder Arthur Hayes is even more bullish. While speaking as a guest on Impact Theory with Tom...