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Ethereum (ETH)

Ethereum Price Analysis: Is the Worst Over for ETH Following the 37% Crash?

Following a sharp 37% decline, Ethereum encountered significant buying activity near the $2.1K support region, leading to a bullish rebound. However, the current price action suggests that ETH may be completing a pullback to the wedge’s lower boundary at $2.8K, which could signal a continuation of the bearish trend. By Shayan The Daily Chart A closer look at Ethereum’s daily chart reveals a strong bullish response near the critical $2.1K support level, resulting in a rapid...

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Sandbox Land Prices Plunge 95% as Metaverse Market Faces Downturn

Sandbox land prices have dropped by up to 95% from their peak TOPIA Worlds remains resilient with a 65% drop, driven by smart rebranding and active community support. As per CoinGecko’s most recent report, the prices of Sandbox land have dropped drastically, falling by about 95% from their highest peaks. Metaverse land prices in 2024 fell an average of 72% from their peak to between 0.08 ETH and 1.88 ETH. A larger sequence of notable corrections from the bull market peaks in 2022 is...

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Cardano (ADA) and Ethereum (ETH) Find Spot in a Prestigious Ranking: Details

TL;DR Santiment ranked Internet Computer (ICP) as the top digital asset for development activity, followed by Hedera (HBAR) and Cardano (ADA). The top 10 list also features Ethereum (ETH), Chainlink (LINK), Polkadot (DOT), and Cosmos (ATOM), with Ethereum gaining attention due to new spot ETH ETFs in the United States. The Top 10 List The cryptocurrency market intelligence platform recently revealed the top 10 digital assets in terms of notable development activity for the...

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Weekly ETF Recap: Here’s What Kind of Action the Bitcoin, Ethereum ETFs Saw

Another week went by, which began with massive volatility, and the spot Bitcoin and Ethereum ETFs were once again in the spotlight. Here’s the data regarding the inflows and outflows for the past five days, according to Farside. Bitcoin ETFs in the Red Last week ended on a highly negative point as the spot Bitcoin ETFs registered their worst day in terms of flows in about three months, with nearly $240 million leaving the eleven funds. The start of the new week was not all...

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Is Layer-2 the Future of Meme Coins? Exciting PEPU Project Raises $7.8M

Forget everything you know about meme coins – Pepe Unchained is ready to shake things up. This Layer-2 meme project is attracting attention and has raised $7.8 million in presale. And with a DEX listing on the horizon, many believe Pepe Unchained (PEPU) is about to take off. Layer-2 Networks Act As Crypto’s Fast Lane Imagine trying to swap some tokens just as the market goes wild – suddenly, your transaction fees are through the roof. That’s where Layer-2 networks come in....

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Jump Trading Continues to Sell ETH, Offloads Another $29 Million Worth of the Asset

Jump Trading’s crypto vertical Jump Crypto unstaked and sold another 11,501 ETH worth $29 million, leaving it with another $63 million to sell. Out of the $63 million, it has already unstaked $48 million of ETH in preparations to sell. The market maker was heavily called out for unstaking and moving its ETH to exchanges over the past weekend as crypto prices dropped tremendously due to macroeconomic factors. Such large amounts sold by those with significant holdings add tremendous selling...

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DeFi Protocol Nexera Hacked for $1.5 Million

Nexera, a DeFi protocol, was hacked for $1.5 million on August 7, according to blockchain security firm Cyvers. It revealed the exploit in an X post, “Hey @Nexera_Official, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the $NXRA tokens.” The protocol connects DeFi with traditional finance, enabling the tokenizing of...

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Ronin Network Witnessed a $9.8 Million Exploit From an MEV Bot

Popular gaming-related blockchain Ronin, the home to massive titles like Axie Infinity, was exploited on Tuesday, August 6. Onlookers assumed that a hacker made away with 3,996 ETH worth $9.8 million locked in the blockchain. Blockchain security company PeckShield took to X to provide some good news about the exploit. It stated that the exploit may have been executed by a white hat hacker. Its post read, “#PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M).” White hat...

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