Author: NBTC
Ethereum price has entered a phase of consolidation, hovering between $3,300 and $3,400 after dropping from its recent high of $4,085. While this stability might reassure some investors, others remain cautious about the potential for further declines. With crypto prices losing momentum and Bitcoin facing challenges, could Ethereum price dip to new lows? Ethereum Price Analysis: Current Trends and Market Activity Ethereum price currently sits at $3,330, showing mixed performance over different time frames: 1-Year Performance: +44% 1-Month Performance: -8.5% 7-Day Performance: -4.5% The current traded volume for Ethereum has dropped by 31% in the past 24 hours, which is…
DWF Labs, a crypto liquidity provider, recently deposited 20 million $GALA tokens, valued at $1.04 million, to Binance. The contribution follows a 25% surge in the token’s price. This transaction, which occurred approximately 19 hours ago, is part of a broader strategy. DWF Labs (@DWFLabs) deposited 20M $GALA ($1.04M) to #Binance ~19 hours ago after the price jumped 25% yesterday.Notably, DWF Labs partnered with Gala Games in Sep 2023, receiving 60M $GALA (then $1.45M). The market maker later withdrew 28.31M $GALA from #Binance at $0.04247… pic.twitter.com/wYjUatOZ2X — Spot On Chain (@spotonchain) December 4, 2024 The procedure includes both market-making efforts…
Bankless founder Ryan Sean Adams has opined that Ethereum’s Vitalik Buterin should get nominated for a Nobel prize in economics. “The fact that he’s barely considered shows how much ivory tower economists are disconnected from applied theory. Future generations will judge their absence harshly,” he said. During a recent episode of The Marginal Revolution Podcast, co-creators and econ professors Alex Tabarrok and Tyler Cowen noted that none of the prominent economists made any contributions to the theory of crypto. The podcast hosts have said there is no economist who has more to say on the topics that Buterin writes on.…
The SEC will decide on Solana-based ETF applications from VanEck, 21Shares, Canary, and Bitwise by January 25, 2025. Grayscale’s application to convert its Solana Trust Fund into an ETF faces a separate deadline of January 23, 2025. Institutional interest in Solana rises, as multiple ETF filings reflect increased confidence in blockchain-based investment products. The U.S. Securities and Exchange Commission (SEC) is preparing to review several Solana-based ETF applications early next year. Sources have indicated that the regulatory body has accepted filings from four firms, with decisions expected by late January 2025. Multiple Institutions File Solana ETF Proposals Notably, VanEck, 21Shares,…
It’s that time again — time to sit around the Thanksgiving table and catch up with loved ones while you have Bitcoin on the mind thanks to its recent price action. Some see this time as an opportunity to convince said loved ones that they should get on the Bitcoin rocket ship because it’s headed towards the moon. My humble advice: Don’t be that person. As you’ve probably learned if you’ve been in the Bitcoin space for some time now, bitcoin’s volatility can be quite unsettling, and, therefore, it isn’t for everyone. In other words, convincing sweet Auntie Jane to…
Evan Van Ness, the founder of the popular Ethereum newsletter Week in Ethereum News (WiE), announced on social media that the newsletter will shut down following the Ethereum Foundation’s (EF) decision to withdraw funding. Van Ness stated that this decision was made after a conversation earlier this year with EF leadership, who shared that they no longer saw value in continuing WiE. Week in Ethereum News (WiE) Shuts Down So @WeekInEthNews has ended. Here’s why: https://t.co/WUjuqAuVtn pic.twitter.com/Xd01Go6Gjz — Evan Van Ness 🧉 (@evan_van_ness) January 1, 2025 As per the letter shared by Ness, in 2024, WiE received very little funding…
The Bitcoin Cash network now has an experimental, native-backed, over-collateralized stablecoin called “Moria” (MUSD). Within about one day, the decentralized, open-source protocol has seen over $25,000 locked on the network, with transactions occurring directly on-chain. As Cryptopolitan previously reported, smart contracts comparable to Ethereum can now be executed directly on the Bitcoin Cash chain via the May 2023 CashTokens upgrade. This upgrade enabled UTXO (unspent transaction output)-based smart contracts for minimal fees. In everyday language, it means cheap transactions can be done on layer 1, and not on a “second layer solution” like the Lightning Network (with BTC) or Rollups…
Shiba Inu lead Shytoshi Kusama reacts as popular Web3 game developer PlayFi Studios announces its upcoming arrival on Shibarium. In a tweet on Thursday, PlayFi announced it would integrate Shibarium to launch new play-to-earn (P2E) games for Shiba Inu community members. “Get ready for more fun on the Shibarium blockchain!” PlayFi announced. The upcoming partnership between PlayFi and the Shiba Inu ecosystem team will allow players to enjoy exciting games while earning digital rewards. This initiative further expands the utility of Shibarium, positioning it as a hub for Web3 gaming. Shiba Inu Lead Reacts PlayFi’s announcement comes in response to…
SOS, a publicly traded chinese company, has revealed a significant move to invest $50 million in Bitcoin (BTC) as part of its strategic plan to strengthen its blockchain and digital asset portfolio. The decision, approved by the company’s Board of Directors, reflects SOS’s confidence in Bitcoin’s role as both a store of value and a key strategic asset in the evolving digital economy. This investment plan arrives at a time when Bitcoin has been reaching record highs, currently valued around $93,000 per coin. With projections suggesting it could soon surpass $100,000, SOS’s investment aligns with the growing momentum in the…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is up 3.99% today against the US Dollar Ethereum is currently trading 7.97% below our prediction on Jan 07, 2025 Ethereum dropped -3.85% in the last month and is up 46.07% since 1 year ago ETH price is expected to rise by 10.67% in…