
Ethereum Price Slump: Whales Dump ETH for Other Coins amid ETF Uncertainty
Traders’ optimism concerning the Ethereum exchange-traded fund’s approval has dwindled, contributing to the coin’s turbulent price.
Traders’ optimism concerning the Ethereum exchange-traded fund’s approval has dwindled, contributing to the coin’s turbulent price.
The Poloniex hacker has different crypto assets, led by Ethereum (ETH) and Tron (TRX), worth more than $181 million.
The drop in recent ETH burn has a direct impact on what used to be the deflationary nature of the Ethereum network.
Railgun researchers said that US regulators and prosecutors haven’t unleashed a crusade against crypto privacy protocols and were largely positive and genuinely interested in understanding developments in the broader crypto market.
Dutch authorities have made an arrest in connection to the recent scam around the relatively new crypto project ZKasino. The suspect’s detention has been extended for an additional 14 days.
On the 28th and 29th of April, the network witnessed the creation of 266.6K new wallets, marking the most substantial two-day surge in network expansion since October 8th and 9th, 2022.
The revelations come a few days after Consensys sued the US SEC for attempting to label Ethereum amid decreased odds of spot Ether ETF approval.
Santiment revealed that the average fee for transactions on the ETH network has been reduced to $1.12 per transaction
Consensys has argued that Ethereum is not a security but a global computing platform and its DeFi platforms are not securities brokers.
The debate on whether Ethereum should be classified as a security or not holds significant implications for the potential approval of an Ethereum ETF
Ethereum (ETH) price is on the cusp of a major uproar to retest its all-time high amid the looming US SEC’s final decision on spot Ether ETFs.
A breakout from the tight upper Bollinger Bands at $0.69 could signal a bullish run for XRP.
This price flunctuation has prompted some large investors, commonly referred to as “whales”, to initiate a substantial sell-off of their ETH holdings.
The technology employed by Puffer Finance allows Ethereum validators to reduce their staking capital to 1 Ether, dropping significantly from the 32 ETH required by individual stakers. Puffer is the third-largest liquid restaking protocol in terms of TVL.
The whales’ resilience in continuing to buy appears to be yielding positive results, as the Ethereum market has witnessed a bullish resurgence, amassing over a 14% gain in the last 48 hours.