Ethereum Financial News

Major NFT marketplaces, including OpenSea, Blur, and Rarible, have taken down the Stoner Cats NFT project following charges filed by the United States Securities and Exchange Commission (SEC). 

Cosmos-native layer-1 blockchain Canto has become the latest chain to migrate to Ethereum as a layer 2 zero-knowledge rollup, after another layer-1 blockchain, Astar, announced similar plans moving from the Polkadot ecosystem to Ethereum.

Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM.

Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment towards cryptocurrencies.

The failure of the bears to sink Bitcoin’s (BTC) price below $25,000-support ignited buying interest last week. The positive momentum picked up further at the start of the new week and buyers are trying to sustain Bitcoin’s price above $27,000.

Boerse Stuttgart Digital, the crypto-focused division of the Stuttgart Stock Exchange, has revealed plans to launch a fully insured cryptocurrency staking service.

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The luxury conglomerate LVMH, headed by CEO Bernard Arnault, is facing a pivotal moment in its history as the business magnate decides which of his five children will inherit his vast empire.

The price of Ethereum (ETH) has stalled at $1,636 today, with the altcoin rising by only 0.3% in 24 hours and 1.5% in a week.

After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind. 

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Amidst turbulent market conditions, Ethereum has garnered attention as its trading volume surpassed $2.6 billion, propelling its price beyond the $1,600 mark. As of now, Ethereum is trading at $1,632, experiencing a slight dip of 0.20% in the past 24 hours. 

Mark Cuban, an American businessman, investor, film producer, and television personality, lost about $8,70,000 to a crypto scam late on September 15. On-chain sleuth Wazz first noticed the unusual transactions in the MetaMask cryptocurrency wallet labelled 'Mark Cuban 2' on EtherScan. The wallet had been inactive for more than five months, reports CryptoSlate. «Lmao, did Mark Cuban's wallet just get drained? Wallet inactive for 160 days and all assets just moved,» Wazz posted on X (formerly Twitter). The news was first reported by DLNews.

The bullish momentum in the crypto market has stalled somewhat on Friday as major coins like Bitcoin (BTC) and Ether (ETH) run into important short-term resistance levels.

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The Ethereum blockchain has launched a new test network, Holeskey as it marks the first anniversary of the much anticipated Merge.

Ether (ETH) price has been dealing with some strong headwinds and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether managed to stage an impressive recovery, by surging by 6%. This resurgence may signal a pivotal moment, following a month that had seen ETH endure losses of 16%. 

The number of active addresses interacting with the Ethereum network, the most widely utilized and liquid smart-contract-enabled layer-1 blockchain protocol, just hit their second-highest-ever level of 1.088 million on Wednesday, according to crypto on-chain analytics firm Glassnode.

Ethereum developers launched a new testnet on Sept. 15. Called “ Holešky,” the network is expected to be used for staking, infrastructure and protocol-development, according to its developer documents. Sepolia will remain the dominant network for application development.

Bitcoin (BTC) has been stuck inside a large range since April, indicating indecision about the next directional move. Efforts by the bears to sink the price below the support of the range were thwarted by the bulls on Sep. 11. However, Bitcoin is not out of the woods yet.