Ethereum (ETH), the second-largest crypto token by market cap, has been experiencing a resurgence in market activity recently. This uptick in activity is largely attributed to suspected buys made by prominent figures in the crypto community, such as Tron’s founder, Justin Sun. Sun’s accumulation spree has sparked optimism among investors, signaling a potential market recovery
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Investors are showing renewed interest in Ethereum as on-chain data reveals a significant accumulation trend among Ether holders. Over $500 million worth of ETH has left centralized exchanges in the past week, marking the highest single-week outflow since February. This strategic withdrawal from exchanges suggests that investors are looking to hold onto their Ether for
Crypto exchange HashKey recently announced that it will be ending support for Binance-related transactions next month. This decision comes as part of a change in policy, although specifics of the new rules have not been disclosed. The Hong Kong-based platform will restrict deposits from Binance starting on May 10 and will completely cease support for
On April 18, the troubled FTX exchange made a bold move by emptying its FTT treasury account to a new wallet address. The transferred assets from the FTT Treasury wallet included 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million.
The cryptocurrency market, including Ethereum, is currently experiencing a price decline, which is further exacerbated by escalating tensions in the Middle East. This has created a sense of uncertainty among investors, leading to panic-selling among retail investors. However, amidst this turmoil, on-chain data reveals a different story. Large player whales in the market are taking
ICB Network, established on April 1, 2024, is a cutting-edge Layer-1 Blockchain project that has redefined standards for efficiency, security, and scalability within the blockchain landscape. At the heart of the platform lies the implementation of the Proof of Stake (PoS) consensus mechanism, a departure from traditional Proof of Work (PoW) systems. The effectiveness and
The cryptocurrency market has been experiencing a decrease in bullish momentum, raising concerns about the continuation of the ongoing bull cycle. Recent price fluctuations have seen Bitcoin drop from $70,000 to below $67,000, signaling a struggle to reach its previous all-time high of $73,737. Amidst this uncertainty, on-chain analytics platform Santiment has identified a key
The crypto market experienced a sharp decline on April 12, catching many by surprise. The price of Bitcoin and other altcoins plummeted, resulting in massive liquidations across the board. While there are various theories as to what caused this sudden downturn, including a correction in the US stock markets, the exact reason remains elusive. The
The SuiPlay0x1 is a groundbreaking portable gaming device developed by Playtron, in collaboration with Mysten Labs. This innovative device is set to transform the handheld gaming industry by offering a cost-effective, versatile operating system that caters to both traditional and blockchain games. One of the standout features of the SuiPlay0x1 is its seamless integration with
Ethereum’s price has been experiencing a period of sideways consolidation after dropping to the critical support level of $3K. Despite attempts to push the price towards $3.7K, the cryptocurrency remains stuck within this range. Volatility is unlikely to increase until a breakout occurs in either direction. Analyzing the daily chart, it is evident that Ethereum