Ethereum Financial News

goodcryptoX, a new DeFi trading platform, leverages Ethereum’s account abstraction feature to provide users with advanced trading functionality and a seamless user experience.

Twitter has become the leading platform to discuss cryptocurrencies and trading. With its rapid-fire microblogging approach, it’s easy for investors and traders to learn about the latest developments in blockchain and the reason behind the price movements of trending crypto assets. 

Lucie, has publicly advocated for listing the BONE token on the popular trading platform Robinhood. Lucie's outreach included a direct pitch to the official Robinhood X account on social media, where she highlighted the significance of BONE as the token powering Shibarium, an Ethereum Layer 2 blockchain associated with Shiba Inu. Regarding Shiba Inu’s price, the token is currently valued at $0.000009373 as of November 11th.

Meanwhile, a fall in US retail sales in October after months of strong gains pointed to a cooling economy and strengthened expectations that the Fed is done hiking rates. At 11:57 a.m., Bitcoin was trading 5.2% higher at $37,415, while the second most popular token, Ethereum, was up 3.6% at $2,054. At the same time, the global cryptocurrency market cap surged by 4.8% to around $1.43 trillion in the last 24 hours. «Bitcoin (BTC) is up 5%, trading around $37,700, after a massive liquidation of leveraged positions totalling nearly $100 million for the day. The market recovery, fueled by aggressive buying and macroeconomic factors, is gaining momentum as US inflation and retail data support the Federal Reserve's easing cycle narrative,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin.

Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness.

Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart.

Bakkt Holdings is refocusing on digital asset custody as its primary business, announcing support for six new coins in addition to Bitcoin and Ether.

Crypto lending company Celsius has transferred over $10 million worth of Ethereum to an exchange on Wednesday, just 6 days after a judge approved the firm’s bankruptcy plan.

Wednesday, November 15, 2023 – A 400% gain for early DEX hunters from ETHETF Token is fuelling a robust Ethereum ETF narrative in the crypto market after the new token launched on Uniswap yesterday.

The United States District Court for the Northern District of Florida issued a decision concerning the designation of Tornado Cash by the Office of Foreign Assets Control (OFAC). The case, identified as Case 3:22-cv-20375-TKW-ZCB, revolved around the designation of Tornado Cash under the International Emergency Economic Powers Act (IEEPA). The IEEPA authorizes the president to declare national emergencies to handle unusual foreign threats to the United States' national security, foreign policy, or economy. Utilizing this authority, the president had declared national emergencies concerning malicious foreign cyber-enabled activities and North Korea's nuclear missile program.

A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on November 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It concluded that a full 46.48% of the crypto lost from exploits in 2022 was not from smart contract flaws but was rather from “infrastructure weaknesses” or issues with the developing firm’s computer systems.

Ethereum layer-2 networks reached a new milestone on Nov. 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of user experience and security.

Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions. 

Microsoft, Tencent, and 16 other Web2 companies have partnered with blockchain software company Consensys, with the goal of decentralizing the Infura network.

Legendary boxer Manny Pacquiao’s philanthropic foundation is set to use the Shiba Inu ecosystem’s blockchain Shibarium for fundraising and operational activities.

Funding rates on major token futures have started to return to normal levels after recent rally forced traders to pay unusually high fees to sustain their long positions.

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Plasma, a once-prominent Ethereum layer-2 scaling solution, should be revisited by teams currently working on zero-knowledge (ZK) Ethereum Virtual Machines (EVMs), said Ethereum co-founder Vitalik Buterin.

Aurelien Michel, the 25-year-old designer of “Mutant Ape Planet” NFTs, pled guilty to conspiring to commit wire fraud at the federal courthouse in Brooklyn, New York, on Tuesday.

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers.

A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules.