ETH Financial News

Famous crypto data analytics firm Matrixport’s head of research Markus Thielen argued in a recent report that Ether (ETH) could be set for a more than 55% surge to $3,000.

Ethereum's blockchain landscape has recently seen transaction volumes exceed $229 billion, a surge attributed to $213 billion in mainnet transactions and $16 billion from Layer 2 solutions such as Arbitrum, Optimism, and Base. This heightened economic activity is reflected in increased transaction fees, a result of rising demand and possible network congestion.

Floki has unveiled its new platform, TokenFi, aimed at easing the crypto and asset tokenization process. This revelation comes at a time when the tokenization domain is foreseen to swell to a staggering $16 trillion by 2030. The announcement made on October 26, 2023, underscores Floki's strategic intent to carve a niche in this trillion-dollar realm, further amplified by the backing of BlackRock, the world’s premier institutional investor overseeing $10 trillion in assets. BlackRock's endorsement, referring to tokenization as «the next evolution in markets», adds a layer of institutional credibility to the sector's prospective expansion.

An NFT trading card based on NBA rookie phenom Victor Wembanyama sold for over $110,000 on Thursday, far surpassing the $67,333 that an individual paid for his physical trading card back in August.

Metaspins is an online crypto casino that has been generating lots of buzz recently. This has prompted people to wonder if it’s everything it’s cracked up to be.

Major US-based Exchange Traded Fund (ETF) provider Proshares has just launched a new short Ether (ETH) product.

A participant of the initial coin offering (ICO) for Ethereum has emerged from an 8.2-year hiatus, transferring their entire stash of 2,000 ETH, valued at $3.2 million, to four distinct addresses. This event occurred on October 21, 2023, as reported by Lookonchain via Twitter. The transaction showcases not only the price appreciation of Ethereum but also the potential market dynamics induced by long-term dormant cryptocurrency holdings transitioning to active status.

Popular cryptocurrency exchange Coinbase has announced the launch of its native Bitcoin and Ethereum futures contracts for US retail traders.

Blue chip cryptocurrencies have been choppy on Wednesday, with the US Federal Reserve just issuing its latest monetary policy decision, in which it decided to leave interest rates unchanged at 5.25-5.5% whilst leaving the door open to further interest rates hikes, should they be required.

Ethereum’s co-founder, Vitalik Buterin, has released a comprehensive analysis that delves deep into the intricate world of Layer 2 (L2) solutions on the blockchain.

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The group overseeing the cold wallets tied to bankrupt crypto exchange FTX has sent over $19 million worth of crypto to various exchanges, according to blockchain data.

Ethereum (ETH)‘s upcoming Dencun upgrade, expected in the first quarter of 2024, will play a crucial role in the blockchain’s journey towards scalability as a settlement layer.

HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.

The latest strong-then-expected US GDP numbers for Q3, which also pointed at higher-than-expected inflation last quarter, have done little to impact cryptocurrency markets on Thursday, where the focus primarily remains on bullish narratives such as institutional adoption (with spot Bitcoin ETFs expected to soon get the green light in the US) and safe-haven demand.

As bullish movements sweep the market, Mina Protocol (MINA) has rocketed up to $1bn in volume, but with price entering retracement is it too late to buy Mina protocol?

Tuesday, October 24th, 2023 – The Bitcoin price breakout at $35,000 heralds the start of what could be the biggest bull run ever for the top cryptocurrency, and cloud mining upstart Bitcoin Minetrix is set to be a major beneficiary after amassing $2.19 million from alpha-seeking crypto investors. 

Solana (SOL) has blasted-up +25% in an impressive pump, as crypto markets come alive following bullish Bitcoin price moves the $31,000 level - but with Solana rising, is it too late to buy SOL?

Monday, October 23rd, 2023 – As the Bitcoin price bull run begins, one expert predicts $135,000 soon, while another forecasts a top around $750,000, but tokenized cloud-mining crypto Bitcoin Minetrix raises $2.1 million and could be an even better return on investment.

In a recent Twitter thread, Alex Svanevik, the CEO of Nansen.ai, delved into six key trends he believes will significantly impact the cryptocurrency landscape in the coming cycle. The detailed thread, posted on October 6, 2023, underscored the blending of fintech with crypto, the potential of decentralized finance (DeFi) in gambling, the rise of Real World Assets (RWAs) like T-bills, the promise and challenges of Web3 gaming, the emergence of SocialFi, and the innovative intersection of Physical NFTs with mainstream retail.

The recent exploit faced by the Ethereum Foundation on the decentralized finance (DeFi) platform Uniswap V3 casts a spotlight on the burgeoning issue of Sandwich attacks orchestrated by MEV (Miner Extractable Value) Bots within the blockchain and cryptocurrency domain. According to data unveiled by EigenPhi and shared by WuBlockchain, during a transaction that occurred at 16:18 UTC+8, the Ethereum Foundation endeavored to sell 1,700 ETH on Uniswap V3. However, this transaction was exploited by an MEV Bot, resulting in a loss of $9,101 for the Ethereum Foundation, while the MEV Bot was able to secure a profit of $4,060 after deducting the cost. The malevolent MEV Bot, denoted as (0x00…6B40), tactically capitalized on the transaction, shedding light on the imperative need for fortified security measures to avert such financial predations in the future.