Litecoin is facing a major resistance near the $55.80 zone against the US Dollar. LTC price is now trading above $54 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $54.05 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $55.20 and $55.75 levels. Litecoin price is rising above $54 against the US Dollar, similar to bitcoin. LTC...
Read More »Leading Asset Manager Fidelity Introduces $5 Million Ethereum Index Fund
Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s Next Crypto Step One of the largest entities in its field (with over $4.5 trillion in assets under management) received...
Read More »Fidelity Investments Adds Ethereum Index Fund to Existing Crypto Offerings
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Read More »Ethereum Price Analysis: Bulls Aim Fresh Increase Above $1,400
Ethereum price is showing positive signs above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,365 on the 4-hours chart (data feed from Coinbase). The pair could rally further if it clears the $1,365 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it clears the...
Read More »Vitalik Buterin Proposes Ways to Mitigate ETH Censorship
Long before the Ethereum network’s transition to Proof-of-Stake (PoS), censorship concerns have been a bone of contention. To mitigate these risks, Vitalik Buterin has proposed “partial block auctions.” In the latest blog post, the Ethereum co-founder suggested that builders should have a more limited amount of power to prevent ETH censorship post Merge. Instead of letting them have full rein to construct the entire block if they win an auction, builders would have a more...
Read More »ETH Closes Third Red Week in a Row, is $1,000 Coming? (Ethereum Price Analysis)
Yesterday, Ethereum closed its third consecutive weekly red candle. A candlestick with a long upper wick indicates that increased selling pressure continues. In the last two weeks, the price has been trapped between two significant levels, and breaking out of this zone would likely determine the direction forward. Technical Analysis By Grizzly The Daily Chart The descending line on the daily chart highlights the creation of lower lows (in yellow). This structure is bearish....
Read More »Kim Kardashian Settles With SEC, Pays $1.26M for Unlawfully Promoting EthereumMax
The US Securities and Exchange Commission brought charges against Kim Kardashian for promoting a crypto security – Ethereum Max. The popular US media personality, model, and businesswoman agreed to pay $1.26 million to settle the charges. CryptoPotato reported in January this year a lawsuit filed in California against Floyd Mayweather and Kim Kardashian, claiming that they misled investors by promoting a cryptocurrency security called EthereumMax (EMAX). The SEC announced on...
Read More »Activity Stagnates Post-Merge Ethereum, Sidechain on Losing Side
Ethereum pulled off a stunning technical upgrade that saw the popular blockchain transition to the proof-of-stake consensus model for processing transactions after six years of work. However, post-merge activity on layer-2 has dropped. According to the latest stats by Dapp Radar, the already descending unique active wallets and transactions have further dropped by 35% from August to September. A similar trend was seen in terms of Ethereum’s TVL, which fell by 5.6% to $31.41...
Read More »Zinsen auf Rekordhöhe – Grösste Kryptos geben weiter ab
Die vergangene Woche brachte eine leichte Markterholung mit sich, wenngleich die grössten Kryptoassets – auf die wir das Hauptaugenmerk legen – nach wie vor in der Kapitulationsphase befindlich sind: Bitcoin hat um fast zwei Prozent verloren, während der Gesamtwert von Ethereum nach total value locked (TVL) fast drei Prozent einbüsste. Zugleich brachte die Woche auch drei Gewinner hervor, darunter das neuntgrößte Kryptoasset Solana, das – genau wie Metis – um sechs Prozent zulegte. Curve –...
Read More »How a Bot Gained and Lost Over $1 Million of ETH in One Night
On Tuesday night, an Ethereum MEV bot gained 800 ETH through the use of clever arbitrage, only to lose all of it and more to a hacker an hour later. Here’s how the situation played out on-chain: The event began with a third-party trader mistakenly losing nearly $2 million to spreads on Uniswap v2 trade. While he initially traded in 1.8 million cUSDC, he only received 518 USDC in return. According to Flashbots Product Lead Robert Miller, this only created a “massive arbitrage...
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