ETH Financial News

Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent to the $38,000 level.

Bitcoin’s price has stabilized, closing the week at around $41,600, experiencing a marginal 0.4% decline compared to the previous week’s closing value of approximately $41,750.

A group of fraudsters has managed to deceive over 42,000 victims, accumulating a staggering $32 million in a series of crypto scams that began in April 2023.

In the dynamic realm of cryptocurrencies, Bitcoin (BTC) maintains its foothold above the $41,000 mark, currently trading at $41,700 with a modest 0.25% increase as the week concludes.

Ethereum (ETH) and Binance Coin (BNB) are among the world’s top five cryptos, and they’ve recorded ecosystem wins in early 2024. However, investors are looking for the best crypto investments that will deliver massive ROI in the coming months. Luckily, these investors found Borroe Finance ($ROE)and invested over $2.6 million in the new blockchain project. Keep reading to see expert forecasts and opinions on these tokens.>>BUY $ROE TOKENS NOW<<

Zero-knowledge L2 blockchain Manta Network has been accused of money laundering in South Korea shortly after the blockchain was hit by a DDoS attack.

A crypto trader has managed to secure a profit of $6.77 million in just three hours after the launch of the SatoshiVM token. According to an X post published by blockchain trading firm Lookonchain, the trader used the “Banana Gun” sniping tool to purchase SatoshiVM before it launched. The trader then sold the token as the price increased, taking home nearly $7 million in profits.

Cryptocurrency markets were trading lower in Friday's trade due to heavy outflows in ETFs. Bluechip crypto token BTC fell 3.2% to $41,381 in early trading on Friday, while Ethereum fell 2.5% to $2,467. «The crypto market is witnessing an unexpected downward trend as Bitcoin faces selling pressure due to heavy outflows from Exchange Traded Products (ETPs) to new spot ETF issuers,» said Shivam Thakral, CEO of BuyUcoin. «For example, Blackrock’s Bitcoin ETF accumulated $1 billion worth of BTC in just one week, which means there is a heavy outflow of Bitcoin to such regulated ETFs. We can expect the Bitcoin price to rise once this transition cools down and investors are done with profit booking,» he said. Other major altcoins, such as Solana and Avalanche, fell over 6% each. Also, Cardano, XRP, Dogecoin, Polkadot, Chainlink, Toncoin, Polygon, Internet Computer and Shiba Inu declined.

A Reddit user recently fell victim to an elaborate cryptocurrency phishing scam, losing the equivalent of $250,000 in ether (ETH) after responding to a fake airdrop.

QCP Capital, a Singapore-based crypto trading firm, has forecasted that Ethereum will outperform Bitcoin in the medium term.

The total value locked (TVL) in global decentralized finance (DeFi) has undergone a huge boost, hitting $55.365 billion with the help of a stunning spike that occurred over the course of twenty-four hours. The increased interest and trust in decentralized finance platforms and technology is reflected in this expansion, which is part of a larger trend. 

Embattled crypto lender Celsius has transferred over $125 million worth of Ether to various cryptocurrency exchanges as part of its plan to initiate repayments to its creditors.

– Volatility has returned to the crypto market with a vengeance and that’s good news for the consumers of the trading signals from Launchpad XYZ, where recent returns are hitting 2,917% ROI.

Ethereum price predictions remain bullish as the ETH price stays above $2,500, despite growing market uncertainty about the near-term outlook.

Ethereum (ETH) has been in the spotlight due to its new staking upgrade. The EIP-7514 or ‘Dencun’ upgrade seeks to implement a Max Epoch Churn Limit and control the growth of staked tokens on the blockchain.

The Orbit Chain, a multi-asset blockchain focusing on cross-chain transfers, recently fell victim to a sophisticated exploit. Notably, on December 31, 2023, a series of unauthorized transactions led to a significant financial loss, amounting to approximately $81.6 million.

Vitalik Buterin, Ethereum's co-founder, recently proposed a significant change to the Ethereum blockchain's proof-of-stake (PoS) system. The core of his proposal is to reduce the number of signatures that validators must process. Currently, Ethereum's PoS mechanism involves around 895,000 validators processing approximately 28,000 signatures per slot, which results in a heavy load on the network​​​​.

Vendetta Games’ flagship game, Chalk River Metaverse, blends the wild-west, open-world combat genre with NFTs and web3. Users made the first alpha tests available for the public earlier last year, but the game has come a long way since then. While we wait for its upcoming token generation event, there are plenty of things to be impressed by, such as the last NFT drop and the upcoming TGE. If you want to jump into the game or get involved with the community, we’ve compiled a guide below with a few key things to know.

Some cryptocurrencies are likely to benefit more than others following the SEC’s spot Bitcoin ETF approval in the USA.

North Korea-sponsored hacking syndicate Lazarus Group has transferred $1.2 million worth of cryptocurrency from a mixer, marking their largest transaction in over a month.

Meme Coin Sponge revisited its previous year’s 100x gains, surging 84% in 24 hours to $0.00114. This spike was fueled by excitement over its V1 to V2 bridging.