Category Archives: Ethereum
Crypto: Ethereum unleashes a huge wave of liquidations! – Cointribune EN
14h00 3 min of reading by Eddy S.
Turmoil reigns again in the crypto markets, shaken by a violent financial storm. Indeed, a sudden surge in position liquidations has swept across the ecosystem in the past 24 hours. This unexpected tidal wave has brought Ethereum to the forefront, potentially marking a decisive turning point in the evolution of crypto investment trends.
According to the data, total liquidations jumped 78.8% in one day, surpassing 75 million dollars, even as total open interest declined by 0.35%, to 66 million. In detail, 43.9 million long positions and 31.6 million short positions were liquidated.
However, it is Ethereum that dominates, with over 19 million in liquidations, including 5.6 million in longs and 13.5 million in shorts. This amount is significantly higher than Bitcoins, at 8.2 million. This feverish surge undeniably propels Ethereum to the forefront of the crypto scene.
The main platforms concentrate most of the movements, with Binance capturing 38.7 million in liquidations and OKX 23 million. Beyond the figures, this episode could mark a major turning point in crypto strategies. The increased volatility of Ethereum, combined with its potential, could indeed prompt many investors to reconsider their allocations.
A dynamic of capital redistribution in favor of Ethereum and promising altcoins thus seems to be emerging. This show of strength could initiate a lasting paradigm shift, where diversification and calculated risk-taking become the new watchwords.
These jolts may be only the beginnings of a profound reconfiguration of balances in the crypto universe. By taking the lead in this surge of liquidations, Ethereum appears to send a powerful signal in favor of increased diversification of investment portfolios. A new era might thus dawn, where wise risk management and the exploration of varied opportunities become the new niches for success in these turbulent markets.
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Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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Crypto: Ethereum unleashes a huge wave of liquidations! - Cointribune EN
Crypto: Here are the Dangers of Ethereum’s Pectra Update! – Cointribune EN
13h00 3 min of reading by Eddy S.
As Ethereum prepares for the Pectra crypto update in early 2025, a recent research report published by Liquid Collective and Obol has revealed several associated risks. The report emphasizes the importance of client, operator, and cloud diversity, as well as concerns regarding the low adoption of Distributed Validator Technology (DVT).
According to the report, a significant bug in a dominant client could lead to substantial slashing penalties and network instability. As a fundamental element of Ethereums consensus mechanism, staking via a single node operator can expose the staked crypto assets to downtime and slashing risks.
The report also critically discussed the need for a broad geographic distribution of validators and cloud providers! Citing recent outages, such as those at Hetzner and AWS. It explained that DVT can significantly support this strategy by enhancing validator resilience by reducing correlated risks.
Ethereums Pectra update combines the Prague and Electra updates, focusing on changes in the crypto networks execution and consensus layers, respectively. Pectra is scheduled to launch in the first quarter of 2025 and will include Ethereum Improvement Proposal (EIP)-7251. According to the report, the Pectra update will allow staking providers to consolidate their stake into fewer validators by increasing the maximum effective balance to 2,048 ETH.
Finally, the report highlights the correlated risks and protocol-level penalties that are increasingly significant for Ethereum staking. Each staker and service provider must rigorously evaluate correlation, diversity, and risk mitigation to prevent potential risks, even from trusted node operators. While long-term institutional adoption is critical, staking setups must prioritize diversity among node operators and validators.
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Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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Crypto: Here are the Dangers of Ethereum's Pectra Update! - Cointribune EN
Leveraging The Spot Ethereum ETFs Rally: Where Should You Put $1,000 To Make Millions? – NewsBTC
The Spot Ethereum ETFs are expected to spark a significant run in the crypto market. ETFSwap (ETFS) has emerged as a good option for crypto investors looking to turn their $1,000 investment into millions. This crypto analyst also made a case for Chainlink (LINK) as a good investment option.
Given its unique offerings, ETFSwap (ETFS) undoubtedly has the potential to make life-changing gains for crypto investors. ETFS is the native token of the decentralized investment platform ETFSwap, which allows investors to invest in both exchange-traded funds (ETFs) and cryptocurrencies in one place.
The trading platform tokenizes ETFs like the Spot Ethereum ETFs and enables them to be traded on-chain alongside crypto assets. ETFSwap (ETFS) acts as the bridge between traditional finance (TradFi) and decentralized finance (DeFi), allowing investors to easily diversify their portfolios. Users can convert their ETFSwap (ETFS) tokens to ETFs or other cryptocurrencies.
Getting started on ETSwap (ETFS) is as straightforward as possible. The trading platform has made its Know-Your-Customer (KYC) requirements non-mandatory so users can quickly start investing once they get on board. ETFSwaps (ETFS) decentralized nature also means that investors can access the platform from anywhere in the world without the limitations of traditional financial systems.
The user experience on ETFSwap (ETFS) is superior to that of centralized trading platforms. Investors can buy, sell, and trade their ETFs at any time thanks to the platforms 24/7 liquidity. Users are no longer limited in their options as they can choose to convert their ETF holdings to fiat or diversify to crypto assets.
ETFSwap (ETFS) also provides investors with real-time data and analytics to guide them on their investment journey. The ETF Screener contains all the information investors need to make the right investment decision. Meanwhile, the ETF Filter helps investors narrow down their options in order to choose the ETF that matches their investment goals.
Additionally, investors can be assured that their portfolios will always align with their investment goals. ETFSwap (ETFS) boasts an automated portfolio management feature that includes an automatic rebalancing feature, which helps to adjust an investors portfolio in line with their risk appetite.
Investing in ETFSwap (ETFS) is more cost-efficient, considering how minimal transaction fees are on the blockchain. The transparent nature of blockchain technology also means that investors can be sure there are no hidden charges on the trading platform.
Meanwhile, it is worth mentioning that crypto investors have already been accumulating the ETFSwap (ETFS) token at a discounted price of $0.01831 because of the additional benefits they enjoy by holding the crypto token. ETFS token holders get discounted trading fees on their ETF trades. Holders will have governance rights and be eligible for a share of the revenue earned on the platform.
In a recent video, crypto analyst Altcoin Buzz suggested that Chainlink (LINK) was a better investment option over Ethereum (ETH) for those looking to leverage the Spot Ethereum ETFs hype. These Spot Ethereum ETFs are expected to trigger a significant rally for ETH and other altcoins. Altcoin Buzz believes investors are better off investing $1,000 in Chainlink (LINK) than Ethereum (ETH) since it is more undervalued.
Meanwhile, the crypto analyst acknowledged the impact these Spot Ethereum ETFs would have on the Ethereum (ETH) ecosystem, given that new money is expected to flow in through these institutional investors. Altcoin Buzz also touched on the fact that these Spot Ethereum ETFs cannot stake their ETH tokens, suggesting that institutional investors might want to come on-chain to a platform like ETFSwap (ETFS) so they can invest in these Spot Ethereum ETFs and also stake their ETH tokens to earn yields.
ETFSwap (ETFS) stands out as a better investment opportunity, considering how it is way more undervalued compared to the likes of Ethereum (ETH) and Chainlink (LINK). ETFSwap (ETFS) is relatively new, which means it has more room to run than the others and will rise massively once the Spot Ethereum ETFs go live.
For more information about the ETFS Crypto Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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Leveraging The Spot Ethereum ETFs Rally: Where Should You Put $1,000 To Make Millions? - NewsBTC
Ethereum’s Vitalik Buterin supports TiTok as blockchain app – crypto.news
According to Ethereum (ETH) co-founder Vitalik Buterin, the new image compression method Token for Image Tokenizer (TiTok AI) can encode images to a size large enough to add them onchain.
On his Warpcast social media account, Buterin called the image compression method a new way to encode a profile picture. He went on to say that if it can compress an image to 320 bits, which he called basically a hash, it would render the pictures small enough to go on chain for every user.
The Ethereum co-founder took an interest in TiTok AI from an X post made by a researcher at the artificial intelligence (AI) image generator platform Leonardo AI.
The researcher, going by the handle @Ethan_smith_20, briefly explained how the method could help those interested in reinterpretation of high-frequency details within images to successfully encode complex visuals into 32 tokens.
Buterins perspective suggests the method could make it significantly easier for developers and creators to make profile pictures and non-fungible tokens (NFTs).
TiTok AI, developed by a collaborative effort from TikTok parent company ByteDance and the University of Munich, is described as an innovative one-dimensional tokenization framework, diverging significantly from the prevailing two-dimensional methods in use.
According to a research paper on the image tokenization method, AI enables TiTok to compress 256 by 256-pixel rendered images into 32 distinct tokens.
The paper pointed out issues seen with previous image tokenization methods, such as VQGAN. Previously, image tokenization was possible, but strategies were limited to using 2D latent grids with fixed downsampling factors.
2D tokenization could not circumvent difficulties in handling the redundancies found within images, and close regions were exhibiting a lot of similarities.
TiTok, which uses AI, promises to solve such an issue, by using technologies that effectively tokenize images into 1D latent sequences to provide a compact latent representation and eliminate region redundancy.
Moreover, the tokenization strategy could help streamline image storage on blockchain platforms while delivering remarkable enhancements in processing speed.
Moreover, it boasts speeds up to 410 times faster than current technologies, which is a huge step forward in computational efficiency.
Read more:
Ethereum's Vitalik Buterin supports TiTok as blockchain app - crypto.news
$1 billion at stake! Ethereum dominates the crypto market in May! – Cointribune EN
4h00 3 min of reading by Eddy S.
In May 2024, the crypto sector experienced a wave of investments totaling 1 billion dollars, with Ethereum dominating the market. According to a report published by KuCoin Research, although this figure represents a slight decrease compared to April, it marks a 10.61% increase compared to May 2023.
The recent research highlights that projects related to Ethereum, Ethereum Virtual Machine (EVM)-compatible chains, and layer-2 (L2) networks continue to captivate the interest of institutional investors. These technologies offer scalable and versatile crypto platforms for decentralized applications, essential to the evolving blockchain ecosystem.
Despite the predominance of Ethereum-based investments, non-EVM chains such as Bitcoin, Solana, Fantom, and The Open Network (TON) have also maintained their popularity among crypto investors. With a total investment of 1.2 billion dollars in May, these networks are gaining traction due to their unique capabilities and growing ecosystems.
Due to concerns over the trend of low float and high fully diluted valuations (FDV) in the crypto market, many retail investors have turned to memecoins and celebrity-associated tokens. These assets, often launched with lower market caps and more accessible valuations, have provided an alternative to high valuation tokens with limited circulating supply.
Notcoin (NOT) is a remarkable example of this trend, as the token gained significant popularity in May. Unlike many tokens that gradually release their supply, Notcoin was launched with all tokens available from the start, which contributed to its rapid growth. On June 3, NOT became the fifth most traded crypto, surpassing the trading volume of the popular stablecoin USD Coin (USDC). Its price reached a new all-time high of $0.02896 on June 2, pushing its market cap above 2 billion dollars.
Crypto investments in May 2024 reflect the continued confidence of investors in Ethereum and associated technologies. And this, despite a slight decrease of 70 million dollars compared to the previous month. The future seems mixed but anything is possible in the cryptocurrency space.
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Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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$1 billion at stake! Ethereum dominates the crypto market in May! - Cointribune EN
Top Crypto Analyst Sees Ethereum, Altcoin Reversal Coming: ‘Back Up In The Next Few Weeks’ – Benzinga
Crypto analyst Michal van de Poppe analyzed the recent sharp decline in altcoin prices, stating that he expects a reversal in the upcoming weeks.
What Happened: Van de Poppe attributes the significant altcoin crash to a combination of factors, including market events and regulatory uncertainties. He emphasizes the critical role of the Ethereum ETH/USD ETF, which initially boosted Ethereum's price by 20% to $3,800 after the approval of the 19b-4 files.
However, uncertainty over the approval of the S-1 files required by the SEC for listing has since caused Ethereum's price to stagnate and altcoins to experience heavy corrections.
The analyst added, "The likelihood of these approvals is close to 100%, it's just a matter of timing," highlighting potential summer approvals predicted by SEC Chairman Gary Gensler.
Despite positive CPI and PPI data favoring risk assets like cryptocurrencies, Federal Reserve Chairman Jerome Powell's hawkish tone led to a less favorable market reaction. "Crypto needs QE and rate cuts, as a climate where risk can be taken is ideal for the investors within the crypto industry to keep on investing in altcoins."
Also Read: Five Critical Ethereum, Solana Altcoin Trends To Know
Why It Matters: Van De Poppe highlighted that the approval of the spot Ethereum ETF will "signal that Ethereum is a commodity and that the rest of the ecosystem is likely going to be classified as a commodity as well." He also adds that the event could be a Sell the Rumor, Buy the News' type of event for the entire market.
Van de Poppe expects a market reversal within the next one to two weeks, driven by more clarity on the Ethereum ETF approvals and a potential easing in the dollars strength. "It seems very unlikely that we're going to continue having such a downward momentum in the crypto markets and rather are reversing back up in the next weeks," he concludes, optimistic about a rebound.
The trader's analysis suggests that traders and investors should stay agile, closely monitoring these developments to capitalize on emerging opportunities.
Whats Next: The influence ofEthereum as an institutional asset classis expected to be thoroughly explored at Benzingas upcomingFuture of Digital Assetsevent on Nov. 19.
Read Next: Altcoin Season On The Horizon? Analysts Point To Potential Early Peak
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Ethereum (ETH) Holders Accumulate, Anticipating Profits – BeInCrypto
Ethereum (ETH) price rise is on the cards, given the investors are exhibiting positive signs through their actions.
The question, however, is how far this potential rise can go before it comes to a halt.
Ethereums price may have a shot at climbing the charts soon as ETH holders continue to accumulate. The exchange net position change shows that outflows have dominated the market since the beginning of the month. In the past three weeks, over 1.1 million ETH worth over $3 billion have been moved out.
Outflows here do not point to money leaving the market but rather ETH leaving exchange wallets. This is a positive sign as it means one of two things: investors are buying ETH off exchanges or moving their holdings to cold wallets.
Since the market is not entirely bearish, it is likely the former case.
However, there is one hiccup in this potential rise, and that is how far it could go. Looking at the overall profit ratio, it appears that any rally that ETH notes will be short-lived. This is because over 90% of the supply is already in profit, and crossing 95% will establish a market top.
A market top refers to the peak price level reached by a financial market or asset before a decline or correction begins. It indicates a potential reversal in bullish momentum and suggests a potential downturn in prices ahead.
Read More: How to Invest in Ethereum ETFs?
Thus, as long as ETH does not hit that threshold, it could chart gains.
Ethereums price is struggling to flip the 50% Fibonacci Retracement level into a support floor. Marked at $3,582, this level would enable ETH to initiate recovery and reclaim the profits it recently lost.
The bullishness exhibited by the investors could push the price beyond this resistance and towards $3,700. Ideally, this would enable a run up to $3,830, which is equivalent to the 61.8% Fib level.
Read More: Ethereum (ETH) Price Prediction 2024/2025/2030
However, failure to secure $3,582 as support would make it difficult for Ethereums price to note any rise. The likely outcome will be a gradual decline to 38.2% Fib line at $3,336. Losing this support as well would invalidate the bullish thesis completely.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
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Ethereum (ETH) Holders Accumulate, Anticipating Profits - BeInCrypto
Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst – Crypto Briefing
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Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst - Crypto Briefing
Spot Ethereum ETF Launch Date Possibly On July 2: Bloomberg Analyst – Benzinga
Bloomberg ETF analyst Eric Balchunas moved up the launch date for the highly anticipated spot Ether ETF to July 2.
What Happened: This adjustment comes after the SEC staff sent light comments on the S-1 filings to issuers, asking for revisions within a week.
Decent chance they work to declare them effective the next week and get it off their plate before the holiday weekend. Anything is possible but this is our best guess as of now, Balchunas tweeted.
Issuers had been awaiting comments from the SECs Corporation Finance (Corp Fin) division, which received the S-1 filings two weeks prior.
According to Balchunas, Corp Fin only recently began reviewing these documents due to a last-minute shift in priorities, likely driven by political factors.
SEC Chair Gary Gensler previously indicated that approvals could come over the course of this summer, while Senator Bill Hagerty suggested they would be finalized by the end of the summer.
Also Read: Bitcoin Plunges Below $66K: These Indicators Show If Its Time To Use The Escape Hatch
Recent Market Movements And Sentiment
In parallel, the digital asset market has been experiencing significant movements.
According to CoinShares, the market saw outflows totaling $600 million, the largest since March 22, 2024.
The outflows were primarily driven by a hawkish Federal Open Market Committee (FOMC) meeting, which prompted investors to reduce exposure to fixed-supply assets like Bitcoin BTC/USD.
Bitcoin alone saw outflows of $621 million, while Ethereum ETH/USD, LIDO LIDO/USD, and XRP XRP/USD received inflows of $13 million, $2 million, and $1 million respectively.
Regionally, the United States experienced the bulk of the outflows, totaling $565 million.
Other regions like Canada, Switzerland, and Sweden also saw negative sentiment, with outflows of $15 million, $24 million, and $15 million respectively.
Germany bucked the trend with inflows of $17 million.
The bearish sentiment towards Bitcoin also led to $1.8 million in inflows into short-Bitcoin products.
Future Implications
The adjustment in the Ether ETF launch date could provide a new catalyst for market dynamics, potentially influencing investor behavior and market sentiment.
The anticipation around the launch highlights the increasing integration of digital assets into mainstream financial products and the evolving regulatory landscape.
For those looking to gain deeper insights into these developments and the future of digital assets, Benzingas Future of Digital Assets event on Nov. 19 will be a key platform.
Read Next: Paul Ryan Urges America To Embrace Stablecoins To Maintain Dollar Dominance
Image: Shutterstock
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Spot Ethereum ETF Launch Date Possibly On July 2: Bloomberg Analyst - Benzinga
3 metrics suggest that Ethereum (ETH) price downside is not over – Cointelegraph
After rallying to $3,972 after the approval of spot Ethereum exchange-traded funds (ETFs), Ether (ETH) has underperformed over the last week, down 10%, compared to Bitcoin and the broader crypto market, leading traders to doubt whether the altcoins downtrend is over.
To put this into context, Bitcoins (BTC) price fell by 6% during the same period, while the total cryptocurrency market capitalization dropped by 5.3%.
A number of market and technical indicators show that ETH may witness a deeper correction before making another attempt at recovery.
Ether has been down 10% over the last seven days, underperforming Bitcoin and other top layer 1 tokens. BTC price has dropped 5.5% over the last week, with the ETH/BTC ratio dropping 5.21% from 0.055 on June 3 to 0.0513 on June 11, its lowest since May 20.
Currently, there are a handful of reasons for ETHs underperformance, including Bitcoin-specific factors in 2024. U.S. spot Bitcoin ETFs have largely been a success seeing almost $2 billion in capital inflows last week. In addition, the upcoming CPI reading and FOMC meeting decision on rate cuts has preceded a notable market correction over the last few months, affecting all crypto prices including Ethers.
Moreover, there has been a decline in Ethereums network activity (in specific metrics) over the last 90 days. Data from Glassnode reveals that daily active addresses on the Ethereum network Ethereum have dropped from 622,963 addresses on March 20 to 458,400 on June 10. There has been a 1.2% decrease over the last 48 hours alone.
Although Ethereum remains the network to beat in the layer 1 sector, Solana has recently captured its market share in this segment regarding on-chain activity. According to data from DappRaddar, Ethereums NFT volume has decreased by 9% over the last seven days to 105 million.
The figure below shows that the Ethereum network trails Solana and the BNB Chain in total UAWs. More than 524,000 million UAWs have interacted with the protocol, a 4.5% decrease over the last seven days. This is much lower than the 2.7 million UAWs on Solana, which has increased 74% over the same timeframe.
Decreasing on-chain activity suggests a waning demand for Ether within the ecosystem, which weighs down on its price.
Related: Munchables hacker returns $62.8M Ether without ransom
Ethers latest drawdown saw it lose a critical support level around the $3,500 demand zone, flipping it into resistance. Past price action has indicated that this area presents a stubborn resistance for ETH bulls. A recent drop below this level on April 11 resulted in a 25% drop to a low of $2,814, reached on May 2.
Data from IntoTheBlock reinforces the significance of this resistance zone. Its In/Out of the Money Around Price (IOMAP) model reveals that this area is within the $3,476 and $3,577 price range, where roughly 2.6 million addresses previously bought approximately 1.08 million ETH.
If this resistance level sees a high volume of activity from the sellers in the short term, Ethers price is expected to sink deeper.
After reaching a six-week high of $3,973 on May 27, ETH price pulled back as bears booked profits and the broader crypto market corrected. The price has since dropped 12% to the current price of $3,511
Despite the recovery, a long bearish candlestick can be seen on the daily chart, which hints at the intensity of the downtrend.
Ether bulls are counting on immediate support from the $3,400 psychological level. A daily candlestick close below this level would signal the inability of the bulls to defend this it, projecting a decline to $2,840. Such a move would represent an 18% descent from the current price.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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3 metrics suggest that Ethereum (ETH) price downside is not over - Cointelegraph