The trading volume ratio of decentralized exchanges (DEXs) has reached an all-time high compared to centralized exchanges (CEXs). This significant milestone was highlighted by Uniswap founder Hayden Adams, who pointed out that the “DEX market share is at an all-time high relative to CEX.” The trend of DEXs outperforming CEXs has been on the rise
Ethereum
Ethereum, the second-largest cryptocurrency by market capitalization, is currently showing signs of a bullish trajectory, according to insights from CoinSignals, a leading crypto analysis platform. The platform predicts that Ethereum could experience a significant price rally, with its value potentially reaching between $12,000 and $15,000 in the near future. This positive forecast is based on
The Cardano ecosystem is on the brink of a major update with the upcoming Chang hard fork. This crucial moment is preceded by a recent upgrade of its node validation software, setting the stage for a significant milestone in Cardano’s development. The network is currently experiencing a surge in activity as it prepares for the
The spot Ethereum ETFs were given the green light by the SEC a few months ago, and they officially launched last Tuesday. However, the initial results have been quite underwhelming, especially when compared to the launch of spot Bitcoin ETFs earlier this year. While the spot Ethereum ETFs saw a solid first day with over
The cryptocurrency industry has seen significant developments in 2024, with a particular focus on Ethereum and the approval of exchange-traded funds (ETFs) by the US Securities and Exchange Commission. While these events have brought validation to Ethereum, the actual trading performance of the newly launched ETFs has been underwhelming. The approval of Ethereum ETFs earlier
Following the launch of the Spot Ethereum ETFs, the price of Ethereum (ETH) has faced unexpected challenges, contradicting the initial excitement surrounding the event. Despite the anticipation for investors to gain exposure to ETH without directly purchasing the token, the market response has been lackluster. Since the trading of Spot Ethereum ETFs commenced on July
This past week saw the launch of several Ethereum ETFs, a significant event in the world of cryptocurrency. However, despite this milestone, Ethereum’s price took a hit, dropping by over 10%. The support level at $3,300 flipped into a resistance, signaling a bearish sentiment in the market. If buyers fail to reclaim this level soon,
The options market for Bitcoin is set to see a significant event on Friday, July 26, with around 61,200 contracts expiring, amounting to a notional value of $4.26 billion. This expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that
Recently, WazirX conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack raised concerns within the crypto community, as it targeted the exchange’s signers and a custody service provider, Liminal. The investigation revealed that compromised hardware wallets were likely the cause of the breach, contradicting the initial belief that
Cardano (ADA) has been facing a noticeable decrease in value over the past week, especially with the recent drop below the $0.41 mark. This decline is not isolated to ADA alone, as many other altcoins have also been reacting negatively to the significant decrease in Ethereum’s price within the last 24 hours. The recent downtrend