SHIB and DOGE lead in futures as Bitcoin rally fuels market optimism
Amidst a Bitcoin-fueled rally, meme cryptocurrencies SHIB and DOGE have surged to the top of the open futures rankings, signaling a market shift towards riskier assets. Since the beginning of November, open interest in SHIB futures has jumped by 23% to $61.74 million, outpacing all other major cryptocurrencies. DOGE futures also saw a significant 14.6% […]
Ethereum Whale transfers $55M worth of ETH to Binance: a potential sell-off?
An Ethereum (ETH) whale recently transferred a whopping $55 million worth of cryptocurrency to Binance, sparking rumors of a potential sell-off. The whale transferred 30,710 ETH, valued around $54.9 million, to the crypto exchange Binance. This move comes after the whale had withdrawn 42,311 ETH from Binance, leaving many to wonder if it plans to […]
Ethereum hits six-month low: Is capitulation on the horizon?
Ethereum has reached a six-month low of $1,540, accompanied by significant changes in the movement of old coins, suggesting the possibility of capitulation, according to on-chain analytic platform Santiment. The Mean Coin Age (MCA) indicator has dropped, indicating a large movement of long-term inactive coins on the Ethereum network. This data aligns with Santiment’s belief […]
Ethereum addresses in Profit Plummet to 53.5% – Glassnode
The percentage of Ethereum addresses currently in profit has fallen to approximately 53.5%, according to blockchain intelligence platform Glassnode. This drop is attributed to the recent decline in Ether’s market performance, with its price sliding around 13% in the past month. Glassnode’s data suggests that the last time Ethereum addresses in profit dipped below 54% […]
Ethereum transaction fees dive to 2022 lows, paving the way for wider adoption
Ethereum (ETH) transaction fees have recently reached their lowest levels since 2022, signaling a milestone for the second-largest cryptocurrency. The average fee for transferring ETH is now $1.83, while purchasing tokens through Uniswap costs around $4.17. This decline in gas fees can be attributed to reduced on-chain activity related to NFT sales, meme coin trading, […]
Ethereum’s Co-Founder Vitalik Buterin makes waves with unusual ETH transactions
Ethereum co-founder Vitalik Buterin has made some intriguing financial moves recently, raising speculation about his intentions. According to blockchain monitoring platform Spot On Chain, Buterin transferred 999 ETH (worth $1.63 million) between Ethereum addresses. This comes after a series of deposits and sales over the past eight days, where Buterin deposited 1,602 ETH ($2.68 million) […]
Vitalik Buterin moved $6 million worth of ETH in a month – but why?
Vitalik Buterin, the co-founder of Ethereum, has transferred a total of 3,000 ETH (approximately $4.9 million) to a labeled address called Vb 2. This recent transaction increases the total value of ETH in that wallet to around 3,018 ETH, valued at $5 million. The reasons behind the transfer and the identity of the recipient remain […]
Is Solana (SOL) the Next Big Thing? Former Goldman Sachs Executive Weighs In
Former Goldman Sachs executive Raoul Pal believes that Solana (SOL) could follow a similar trajectory to Ethereum (ETH) during its bear market in 2018 and 2019. In an interview, Pal stated that SOL, which is his second largest cryptocurrency holding, has the potential for a dramatic recovery and reaching new highs, just like Ethereum did […]
Explained In Less Than 30 Seconds: Why Trump Holds Ethereum Worth $500K
According to a recent financial disclosure form, former president and potential 2024 Republican frontrunner, Donald Trump, holds between $250,000 and $500,000 in a cryptocurrency wallet. The wallet is connected to a line of non-fungible tokens (NFTs) that Trump’s campaign launched during his 2024 bid to return to the White House. These NFTs feature illustrations of […]