EIGEN Token Enters the Crypto Scene, Sees Early Gains and 12% Price Drop
On Monday, eigenlayer (EIGEN) made its debut on major exchanges, hitting a peak of $4.47 per token. However, by 1:30 p.m. EDT on Oct. 1, the price had dipped 12%,…
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Bitcoin Stumbles as ‘Uptober’ Kicks Off With a Slump
Bitcoin stumbled on Tuesday, casting a shadow over the much-anticipated ‘Uptober.’ Around 11 a.m. EDT, prices dipped to an intraday low of $61,801 on Bitstamp. Bitcoin Sinks, $289 Million in…
Digital Collectibles Market Struggles as September NFT Sales Slide by 47.9%
Over the last two weeks, non-fungible token (NFT) sales have enjoyed steady week-over-week increases. However, when we compare the numbers from September to August, the story takes a different turn.…
Ethereum Breaks Losing Streak with $87 Million Inflows: CoinShares
Ethereum’s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week. According to Coinshares, this was the first measurable inflow since early August,…
BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin
BlackRock's commitment to educating investors on Ethereum could drive long-term growth and broader acceptance of digital asset ETFs. The post BlackRock sees potential in spot Ethereum ETF, despite slower uptake…
Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui
The Sui Foundation has introduced the Sui Bridge on mainnet, enabling secure asset transfers between the Ethereum and Sui networks. This bridge focuses on simplifying the movement of assets across…
Ethereum Technical Analysis: ETH Price Consolidates Amid Market Uncertainty
On Sept. 30, 2024, ethereum’s price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages…
Digital Asset Platforms Lose a Record $2.1B in 2024, Mostly Due to Hacks
A Cyvers report reveals that centralized and decentralized digital asset platforms suffered $2.114 billion in losses in the first nine months of 2024, surpassing 2023’s total. Hacks and breaches account…
Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus
Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin…
Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024
According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into…
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