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Showing posts with the label eth

BlackRock, Grayscale, Fidelity Bought $500M ETH: What's Going On?

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The cryptocurrency market seems to be working in phases. There was a time when the market and institutions were compulsively betting on Bitcoin, holding the token at a record pace. With time, a new narrative is taking shape in the cryptocurrency market, with Ethereum taking center stage as an emerging leading asset. Bitcoin and Ethereum both have been driving the course of the market as of late, with ETH driving maximum surge, inviting new institutional interest into the radar. What’s happening to Ethereum? What does this surge truly mean? Let’s find out. Also Read: Why $4,700 Ethereum (ETH) Remains a Strategic Entry Point Institutions Are Now Keenly Exploring Ethereum Source: Watcher Guru Leading financial giants like Fidelity, Grayscale, and BlackRock have all turned towards Ethereum in a new development. These companies have lately been bulking up on ETH, making hefty purchases of the token. Per a recent Arkham report, BlackRock has purchased $318M worth of ETH, while Fid...

Ethereum: One Thing May Stand Between ETH and $3,000

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There is no denying that the cryptocurrency market has bounced back in a big way this week. After months of stagnation, macroeconomic conditions and geopolitical developments saw some optimism arise. Although Ethereum has been performing well, there is one thing that may stand between ETH and the coveted $3,000 mark. The asset has long been the second-largest cryptocurrency by market cap. Moreover, there were experts who discussed the cryptocurrencies poised to take a chance at overtaking Bitcoin. Yet, analysts have pointed to one key facet that may keep Ethereum from breaking through the critical level. Source: Watcher Guru Also Read: Ethereum: Analysts Explain Why ETH is en Route to Overtaking Bitcoin Ethereum to $3,000? Why One Thing May Stand In Its Way Since the arrival of US President Donald Trump, the digital asset sector has been on the up and up. Indeed, his return to the White House has brought with it the first pro-crypto administration in the country’s history. That is...

'AI' crypto trading agent, aixbt, hacked for $100K

A cryptocurrency trading account that purports to be an artificial intelligence (AI) agent called ‘aixbt’ has apparently been hacked for approximately 55.5 ether (ETH), worth approximately $100,000. The account seemed to note that it “got baited into sending 55.5 ETH to anon” and described it as a “hard-learned lesson about automating high-value txns.” It’s not clear how this account could remove automations and remain an AI agent. The so-called agent also seemed to falsely claim that the total amount lost was only “30 ETH.” X user “rxbt” who is affiliated with aixbt disagrees with the AI agent and claims that this was “not a widespread vulnerability or a result of our AI agent getting tricked.” rxbt instead blames the attack on “unauthorized access to a part of our infra.” It appears as if @aixbt_agent was tricked by @0xhungusman (account now deleted) into sending 55.50 eth t...

US Sovereign Wealth Fund dashes hopes of Strategic Bitcoin Reserve

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Hopes of a US Strategic Bitcoin Reserve took another knock this weekend after Donald Trump’s surprise executive order about a non-bitcoin US Sovereign Wealth Fund. At the press conference covering the order’s signing, pro-Tether Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent told the president that they would explore warrants, equity, and other non-bitcoin investments in their proposal for his requested fund. Trump’s order made no mention of bitcoin (BTC) or digital assets. Worse, his son Eric tweeted that he actually preferred ether (ETH) over BTC at that time. In my opinion, it’s a great time to add $ETH. — Eric Trump (@EricTrump) February 3, 2025 Eric Trump pumped ETH for the US Sovereign Wealth Fund press conference. Dwindling chances of a US Strategic Bitcoin Reserve The disappointment of US Sovereign Wealth Fund political leaders paying no attention to BTC only added insult to injury. In January, rather than creating a...

Ethereum's Buterin Explains 'The Surge': Will ETH Reach 100K TPS?

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Ethereum (ETH) has a blockchain platform that’s recognized instantly because of its smart contract capabilities. This well-known blockchain is on the brink of a major upgrade. We’re excited to hear this! Vitalik Buterin recently wrote his thoughts on ETG in the ‘The Surge’ . Interesting, right? It might not sound so, but it sure is! This is an important development designed to boost ETH’s scalability. It will also improve its transaction speeds. Let’s explore what the creator of Ethereum (ETH) is planning! Also Read: Nvidia Dominates Earnings: Up 16% in a Month. Time to Buy or Sell? Buterin’s Vision for Ethereum: Scalability, Surge, and Future Prospects The Surge: Ethereum’s Path to Enhanced Performance Source: ETHRoadmap The Surge represents Ethereum’s next evolutionary step. It began with the Dencun upgrade in March, introducing EIP-4844 data blobs to reduce fees and improve efficiency. This marks Ethereum’s most significant ...

Bitcoin investor could’ve turned $50,000 into $150 million in 11 years

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There are many in the crypto community who wish they were among the early adopters, the whales who hold millions in Bitcoin (BTC) or Ethereum (ETH) bought or mined years, if not more than a decade ago.  Indeed, the crypto market has changed so much that the famous Bitcoin pizza, bought all the way back in 2010, would now be worth nearly $600 million.  With the dramatic changes – and the hopes that the 2024 bull market will continue after the current lull – Finbold decided to examine the appreciation of one all-in BTC bet made 11 years ago. Picks for you Jonathan Bloomer’s net worth revealed: How rich is the missing Chairman of Morgan Stanley International? 1 hour ago Here’s when Bitcoin will reach $200,000, according t...

Missed the Ethereum Boom? See Your Lost Fortune!

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Ethereum is a major player in the crypto world. It ranks among the largest cryptos and has seen some great growth since its launch. This digital asset’s journey offers some precious lessons for crypto investors and enthusiasts. This guide will break them down. Also Read: Shiba Inu and Ethereum: Price Prediction Analysis The Ethereum Explosion and Your Missed Crypto Investment Fortune Image Source: WatcherGuru How Did Ethereum Rise to Prominence? Remember when Ethereum burst onto the scene in 2015? It brought something new to the table: smart contracts. These little pieces of code changed the game forever. That was the start of a whole new era in blockchain tech. The most crucial update was The Merge, which took place in September 2022. This has changed everything, and here’s why: The change from proof-of-work to proof-of-stake has reduced ETH energy consumption by about 99.95%. This has eased environmental pressures and influenced economic relations across the globe. Calcul...

Ethereum (ETH) On Its Way to $5,000 Amid SEC Opposition

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The digital asset market appears to be returning to the green Thursday after steep declines ruled the early parts of the week. Among those is Ethereum, which has been revealed to be the subject of a US Securities and Exchange Commission (SEC) legal campaign to restate its security status. Yet, one crypto analyst has projected Ethereum to reach $5,000 amid the SEC opposition to ETH . Indeed, the asset is up more than 4% over the last 24 hours according to CoinMarketCap. Currently trading at $3,530, technical indicators are pointing to a potential rally gearing up for the asset. Moreover, voices from across the industry have spoken in support as it is targeted by the SEC. Also Read: SEC Pursuing Legal Campaign to Classify Ethereum as a Security Ethereum Nearing Massive Rally As SEC Targets ETH Security Status The digital asset market was shocked when news arose yesterday of an SEC probe into the Ethereum foundation. Subsequent reports identified subpoenas issued at companies...

Aragon Association dissolves, tells holders to redeem ANT for ETH

The Aragon Association is the steward of the Aragon (ANT) treasury and assets. Token holders have until November 2, 2024 to redeem their ANT tokens for Ether (ETH). 86,343 ETH from the treasury has been deployed for the redemptions, with the rate at 0.0025376 ETH per ANT. Aragon (ANT) holders will have to redeem their tokens for Ethereum (ETH) for the next twelve months, the Aragon Association, a Swiss-based nonprofit supporting the project’s development, has announced. The association is also the legal steward of the ANT treasury and assets. What is happening with Aragon (ANT)? The Aragon Association revealed it was dissolving amid plans to continue the project’s development in a new “product-focused structure.” According to an update from the company, the pivot in focus means there’s no point for users to continue holding ANT. The association  has deployed 86,343 ETH for the process, which accounts for 87% of the treasu...

How Much would you Earn Investing $100 Every Week in Ethereum

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Ethereum is currently trading at $1,600 levels and is mostly moving sideways this month in September. The world’s second-biggest cryptocurrency in terms of market cap failed to rally this year and generate stellar returns for investors. ETH is cautiously trading in the charts making investors skeptical of a price spurt. Also Read: Shiba Inu: What’s Stopping SHIB From Reaching $0.01 and $1? Explained However, if you had invested $100 every week into Ethereum in 2023, how much money do you think you could have made today? In this article, we will highlight if you’d be in profit or loss if you invested $100 into ETH every week in 2023. Source: Coingecko Ethereum: Investing $100 Each Week in 2023 is Worth This Much Today Source: CNN 38 weeks have passed in 2023. and if you invested $100 every week in Ethereum, it would cost you $3,800. However, data from CryptoDCA, shows that investing $100 each week in ETH in 2023 would be worth $3,618 today. That’s a down...

How to Earn Free Ethereum in 2023?

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Ethereum, the second-most popular cryptocurrency after Bitcoin, has gained immense popularity recently. Because of this, many people wonder, “How do I earn free Ethereum in 2023?” While most people are familiar with buying and selling Ethereum, few know that they can earn it for free. Yes, you heard it right! You can earn free Ethereum in 2023 by participating in various programs and activities. The idea of earning free Ethereum may seem too good to be true, but it is not. Many crypto exchanges and blockchain networks are offering free Ethereum to attract users. You can earn Ethereum by watching videos, completing tasks, playing games, and more. In this article, we will explore the various ways to earn free Ethereum and help you understand its risks and limitations. Source: Bitcoinist Is It Too Good to Be True? Understanding the Risks and Limitations Before we dive into the popular m ETH ods of earning free Ethereum, it is essential to understand their risks and lim...