Only 11.81% of Ethereum’s total supply remains on centralized exchanges, marking a significant shift towards DeFi investments. Ethereum’s shift from centralized to decentralized exchanges signals a maturing market. A 29.68% drop in Ethereum holdings on CEXs enhances DeFi’s profile. Uniswap…
The Ethereum price has been among the worst hit in the flash crash that took place on Monday. The crash sent the asset’s price down below $2,200 for the first time in the last week and has continued to trend…
In a pivotal move, David Schwartz, co-creator of the XRP ledger, recounted a regrettable investment decision from years past involving Ethereum, sparking discussions within the XRP community. In a X post tweet, Schwartz disclosed selling 40,000 Ethereum tokens for a…
The Securities and Exchange Commission (SEC) has extended the timeline for making a decision on the Grayscale Ethereum Trust’s spot exchange-traded fund (ETF) application by 45 days to January 25, 2024. This delay comes as the SEC continues to carefully…
Ethereum’s price has been blowing past several resistance levels recently. It is currently surging vertically, and the market participants are optimistic that a new bull market has begun. Technical Analysis Since the price broke above the 200-day moving average around…
Celsius creditors have received a warning about a potential “rug pull” if Bitcoin and Ethereum reach certain price points Similar to the MtGox incident in 2017, the increasing value of company-held assets could be used to settle USD claims, retaining…
The concentration of mempool transactions on Ethereum increased. ETH’s prices continued to surge as whales showed interest. In the ever-evolving landscape of Ethereum transactions, a notable shift has emerged, with approximately 15% of transactions now traversing through private mempools. Interest…
The Ethereum Foundation has announced plans to stop supporting the Goerli testnet after the Dencun upgrade. Goerli is Ethereum’s first multi-client testnet that provides developers with a reliable test environment for blockchain applications. The foundation advises developers to switch to…
Ethereum’s price has been on the rise for the past few months, breaking above several resistance levels. Yet, the market is currently consolidating around the $2,000 mark, failing to continue its bullish momentum. The Daily Chart On the daily timeframe,…
After hitting yearly highs on Friday, the total crypto market cap (TMC) has pulled back 1.3% over the past 24 hours to $1.4 trillion as many coins enter a period of consolidation and correction. This dip comes after Bitcoin and…