Ethereum (ETH)

The Sandbox introduces CATALYST tokens on Polygon, replacing gems in NFT minting. These ERC-1155 tokens enable users to mint, monetize, and sell creations, enhancing platform capabilities. In a significant move within the metaverse, The Sandbox introduces CATALYSTs, ERC-1155 tokens aimed at empowering creators. These tokens enable users to mint ASSETs with defined rarity and properties across five tiers. The all-new CATALYSTs tokens on Polygon Layer 2, serve as a replacement for gems in...

According to research by Bybit, institutional traders have expressed a significant bullish sentiment towards Bitcoin, mixed sentiments regarding Ether, and a general air of skepticism towards altcoins. From December 2022 to September 2023, the study provides an insightful look into trading behaviors and asset allocation amidst significant market fluctuations. Institutional Traders Favor BTC, Moving Away from Alts The study reveals a significant shift in the institutional...

“Tradfi” may be beginning to rotate into the ETH ETF trade after two months. As per a new report by Reflexivity Research, the annualized basis on CME has consistently increased, reaching over 18%. Bitcoin’s open interest in CME has also experienced continuous growth, surpassing $4.5 billion since the trend began two months ago. Notably, an interesting pattern has emerged when comparing CME activities between Bitcoin and Ethereum. Velo Data’s analysis reveals that the futures’...

Investment management firm VanEck has unveiled its 2024 predictions, forecasting not only record-breaking highs for Bitcoin but also an anticipated peak in the NFT market, signaling a significant transformation in the industry. The introduction of spot Bitcoin ETFs is expected to align with the prolonged anticipation of a U.S. recession, while the forthcoming halving event may not generate as much impact as previously anticipated. New Peak for Bitcoin But No Flippening for...

Ethereum, alongside the rest of the crypto market, experienced a notable resurgence in the past several weeks, with its price jumping to a 19-month peak at $2,400. This comes amid growing anticipation regarding the approval of a spot ETH ETF in the States. However, the second-largest blockchain network has not seen its user count increase, which leads to the question of whether ETH’s price will climb further should that change. No New Users for Ethereum As mentioned above,...

The Starknet Foundation – the organization behind the Ethereum Layer 2 network Starknet – announced plans to allocate over 1.8 billion STRK tokens across multiple initiatives soon. The move is aimed at driving the adoption and growth of the Starknet blockchain. Allocation of 1.8 Billion STRK Tokens According to the official announcement, 900 million STRK has been allocated to the Provisions Committee to distribute ownership of the network’s native token and to reward past and...

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down. Starting with Bitcoin, its price exploded by some 14.3% over the past seven days and it’s currently trading around the $44K mark. The bulls have tried to push it above that level but have so far been unsuccessful. It’s worth noting, however, that the bears also...

Litecoin started a steady increase above $72 against the US Dollar. LTC price is now trading above $73.50 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $74.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $76.20 and $78.00 resistance levels. Litecoin price is showing positive signs above $72 against the US Dollar, like Bitcoin. LTC price...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members. According to the latest market data provided through DeBank, Blast...