Ethereum Financial News

Some crypto investors are now turning their attention to the next event that could shake up prices.

While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” 

The U.S. Federal Reserve’s inflation “sledgehammer” is about to batter the prices of Bitcoin (BTC) and Ether (ETH) down even further, before reaching back to new all-time highs in 2025, according to Bloomberg analyst Mike McGlone.

cryptocurrencies amid fears of a further aggressive rate hike by the US Fed and inflationary woes during the last week, top cryptocurrencies on September 18 were seen gaining some ground. The largest crypto by market capitalisation Bitcoin (BTC) regained USD 20,000 levels. Ethereum-the second largest token by m-cap that took a sudden beating post the much sought-after merge event was seen firm by close to 1 per cent at USD 1,450. Notably, post the mega ‘Merge’ event, Ethereum witnessed a severe rout and after posting initial gains, the token registered its downtrend. “It seems likely that a mix between the still-high correlations and investors looking to 'sell the news' led to ether's severe drop in spite of the milestone accomplished,” IntoTheBlock wrote in a research note Friday. For NFTs or non-fungible tokens there is seen a different momentum after the long-awaited upgrade of the Ethereum blockchain. Sales and prices of NFTs have surged, according to crypto data tracker DappRadar. The upgrade, known asthe Merge, also seems to have benefited marketplaces that sell NFTs based on Ethereum, which is the most popular blockchain for this type of token, added a Bloomberg report. According to the Coinmarketcap data, while the global crypto market-cap has inched higher by 0.76 per cent over the previous day to $972.06 billion, the volumes in the market have softened by close to 26 per cent during the same period to $48.00 billion.

The Securities Exchange Commission (SEC) has made an unprecedented claim that Ethereum transactions take place in the United States as ETH nodes are “clustered more densely” in the United States than any other country. 

Despite being the most significant event in the history of its chain, the Ethereum merge has since failed to influence a positive price reaction for the leading altcoin, Ether [ETH]. 

The transition of the Ethereum network into a proof-of-stake consensus mechanism on 15 September caused some Ethereum-linked assets to record growth. 

As of press time, Binance finished integrating BUSD on the Avalanche and Polygon networks as well as WAX (WAXP) on the ERC20 protocol. These two integrations were announced by Binance on its official website and Twitter account. 

The United States equities markets and the crypto markets are likely to remain volatile in the near term because traders remain nervous about the size of the next Federal Reserve rate hike on Sept. 20 and Sept. 21. While the majority favors a 75 basis point rate hike, according to the CME FedWatch Tool, some analysts expect the Fed to hike rates by 100 basis points, the first such instance since the early 1980s.

Blockchain analytics firm PeckShieldAlert informed the community on Twitter today (19 September) that a certain vault on MakerDAO was actively under the threat of liquidation as Ether’s price dipped below $1300, at the press. 

The cryptocurrency market is currently experiencing yet another crash. Coin prices are trading lower due to increased pressure from the broader economy and fears that the Federal Reserve would again raise interest rates. Several investors wonder if most large-cap coins will test their multi-month lows once more.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Shiba Inu holders are finally getting some relief after their token became the latest victim of the crypto slide.

 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Last week’s Merge was the “most significant development in the history of the Ethereum network,” according to Fidelity Digital. 

Hype does not always equate to greater adoption, as the on-chain data from the second quarter of 2022 shows Solana (SOL) surpassing Ethereum (ETH) in users’ daily transactions despite various drawbacks from both macroeconomic conditions and network outages. 

Bitcoin (BTC) and Ethereum's native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England.

The bloodbath is well and truly at play. Top crypto assets are freefalling today in the market with FUD playing a crucial role. Amidst the heat, Cardano is set to go ahead with the Vasil Fork on 22 September. But how is Cardano looking to tackle these repugnant market conditions? Simply, by going the Cardano way!

In response to the most complex upgrade to occur to Ethereum up to now, infrastructure provider Infura is developing a decentralized version of its service that provides scalable Ethereum infrastructure and Web3 developer application programing interfaces (APIs). The company is controlled by Joseph Lubin, the blockchain’s co-founder and the founder of blockchain software company ConsenSys.