Ethereum (ETH)

Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. By Shayan The Daily Chart A closer examination of Ethereum’s daily chart shows that the cryptocurrency has entered a corrective phase, with price action signaling a potential pullback toward the...

The British Columbia Securities Commission (BCSC) has determined that the cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded investors of approximately $9.5 million, equivalent to 13 million Canadian dollars, in crypto assets. The BCSC’s investigation uncovered that ezBtc and Smillie engaged in misleading and deceptive practices, misappropriating funds intended for customer accounts. Crypto Funds Diverted for Gambling According to the official...

Blockchain investigator ZachXBT has released information regarding North Korean developers who allegedly stole $1.3 million from a project’s treasury. The theft was carried out when the devs, who had been hired using fake identities, injected malicious code into the system, which allowed the unauthorized transfer of funds. ZachXBT Uncovers Crypto Workers Scheme ZachXBT explained on X that the stolen funds were initially sent to a theft address and bridged from Solana to...

A new financial disclosure has revealed that Trump has millions of dollars invested in crypto – an industry that’s become a clear target of his electoral campaign. Yet despite his many specific appeals to Bitcoin investors, there’s no evidence that the former president holds any BTC himself, as opposed to smaller alternatives. Trump’s Crypto Portfolio According to the 2024 disclosure published by Citizens for Ethics, the Republican nominee holds somewhere between $1 million...

According to recent data from Token Terminal, the Tron network has overtaken Ethereum in terms of revenue generation. Over the past 90 days, the blockchain network has accrued approximately $435 million in fees, outpacing Ethereum’s $364 million. Tron’s Revenue Surpasses Ethereum by 50% Tron’s founder, Justin Sun, took to X on August 15 to highlight this achievement, stating that in the last 30 days, Tron’s protocol revenue exceeded Ethereum’s by 50%. In the past 30 days,...

Jump Crypto previously sold hundreds of millions of dollars of ETH. This coincided with ETH’s price not breaking through to the next level, with ETH ETFs debuting in the US and the asset further crashing when the Nikkei experienced a bloodbath. Jump Crypto, trading firm Jump Trading’s crypto vertical, unstaked 17,049 ETH worth $46.44 million, moving the funds to exchange accounts. Many crypto market participants fear the firm will sell these funds, causing ETH’s price to drop again. Jump...

WazirX, the Indian cryptocurrency exchange, had scheduled a maintenance period to restore account balances and reverse specific trades following a major security breach. WazirX made this announcement on its social media platform, X. The maintenance occured from 6 p.m. on August 15 to 2 a.m. IST on August 16, during which all services on the platform were temporarily unavailable. The attack happened on July 18 and led to the theft of $234.9m worth of cryptocurrency assets. This hack was...

U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant outflow on Wednesday, with $81.36 million leaving the products, according to data from SosoValue. This marked the end of a two-day streak of positive inflows. Among the funds, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw a net inflow of $2.68 million. Franklin’s EZBC also reported an inflow of $3.42 million, its first since July 22. These two were the only funds to register inflows on Wednesday. In...

Gas fees on the Ethereum network have been declining since March 2024, but last week, they hit a level not seen in the past five years. Data on the crypto analytics platform Dune shows that the median Ethereum gas fee fell below 2 gwei last week for the first time since 2020. Median Ethereum Fees Plummet Since August 3, the median Ethereum gas fee has been falling below 2 gwei. Although the figure has recorded subsequent spikes, those upticks have only been momentary as the...

Pepe Unchained, the latest meme coin to trend on social media, has raised over $9 million in its ICO. Investors are scrambling to get on board early – and one analyst is even expecting the Pepe Unchained (PEPU) token to explode when it launches later this year. Pepe Unchained Plans Lightning-Fast Layer-2 Blockchain for Meme Coins Pepe Unchained is generating huge buzz right now. This froggy coin is introducing something new with its very own Layer-2 blockchain, “Pepe Chain.”...