Ethereum (ETH)

Genesis Global Capital has formally requested authorization from the U.S. Bankruptcy Court for the Southern District of New York to proceed with an extensive sale of its holdings. The crypto lender, currently undergoing bankruptcy proceedings, submitted the new motion seeking approval to sell trust assets valued at approximately $1.6 billion. Genesis Seeks Court Approval for Liquidation As per a court filing on February 2, the trust assets comprise approximately $1.4 billion...

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Pullix (PLX) is providing solace for investors who are seeking new alternatives amidst the Celsius (CEL) bankruptcy ordeal. In a recent development, the crypto lending protocol reportedly executed a substantial whale transaction, transferring a staggering $1 billion worth of Ethereum (ETH). Meanwhile, Pullix has been attracting more investors as its ongoing token presale advances through the 7th stage. The project is on path to raise $5M. Celsius (CEL) Moves $1B in Ethereum...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Despite the recent growth, Solana's weekly volume is behind Ethereum’s 7-day DEX volume, with $5.518 billion compared to Ethereum's $7.971 billion.  Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) – has laid off 19% of its workforce in an attempt to create a more “efficient surgical team.” Though 60 employees were laid off in the process, the remaining workers have been granted a minimum 15% salary raise, effective as of January 1. Polygon Labs Streamlines Operations In a Thursday statement, Polygon Labs CEO Marc Boiron said that reducing headcount would allow team members to...

CoinspeakerDelegate and LayerZero Introduce Naming Protocol Clusters In parallel to the Clusters launch, LayerZero has announced its intention to airdrop 12 million $ZRO tokens in the first half of 2024. Delegate and LayerZero Introduce Naming Protocol Clusters

Analysts from multi-national bank Standard Chartered believe Ethereum could reach $4K by the end of 2024, spearheaded by approvals of Ethereum spot ETFs in the United States. The analysts, led by Standard Chartered’s head of forex and digital assets research, Geoffrey Kendrick, highlight 23 May 2024 as a critical date the SEC may approve the ETFs, following a similar timeline to the Bitcoin ETFs. Kendrick Believes Spot ETFs Will Bolster Ethereum’s 2024 Price Geoffrey...

Pump and dump schemes commonly entail an individual or a group of actors investing in a token, vigorously advocating for its value to surge, and then swiftly selling off their holdings for substantial gains. This frequently leads to a sharp drop or complete collapse in the token’s value, adversely affecting holders who were unaware of the manipulation. Nevertheless, Chainalysis findings reveal a high failure rate of these schemes. Pump-And-Dumps Plagued by High Failure Rate...