The Ethereum Foundation, a non-profit organization, has initiated an unexpected ETH sell-off to a single address, prompting speculation about a potential market peak.  Ethereum Foundation Executes Multiple ETH Transfers On Monday, March 4, Blockchain analytics platform LookOnChain revealed a series of transactions executed by a wallet address related to the Ethereum Foundation. Sharing a screenshot
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As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately $5,000 printed in late 2021. How Will Ethereum React When Bitcoin Breaks Above $70,000? One analyst, posting on platform X, highlights the difference
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Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for long-term
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Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred 100 million USDT to Binance, days after moving huge sums earlier this week. Justin Sun moves $100 million USDT to Binance | Source: Lookonchain
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Ethereum has been exhibiting a robust and sustained upward trend, showing its mettle in the volatile cryptocurrency market. At the time of writing, the price of ETH was hovering around $3,743, surpassing its moving averages with considerable bullish momentum. The cryptocurrency community is now eagerly anticipating the breach of the significant $3,500 price threshold, marking
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RippleX has announced that Chief Technology Officer (CTO), David Schwartz, will present Ripple’s blockchain strategy for 2024 at ETH Denver, with a focus on advancements in interoperability, the incorporation of Ethereum Virtual Machine (EVM) capabilities, and a strategic vision for Ripple’s blockchain initiatives. The presentation, scheduled for February 27 at 12:30 PM (GMT-7), is part
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Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest.  Institutions Favor Ethereum Over Bitcoin On February 24, cryptocurrency exchange, Bybit, published a research
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According to data from Lookonchain, an on-chain analytics platform, Ethereum (ETH), whales have withdrawn roughly $64.2 million worth of ETH from major exchanges. This significant movement of funds coincides with a notable uptick in the price of ETH, indicating an increasing interest in the asset. Ethereum Whales Movement Signals Confidence According to Lookonchain’s findings, much
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The cryptocurrency community is abuzz with speculation after a series of large Ethereum (ETH) purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent. Justin Sun On An Alleged Massive Buying Spree According to a tweet by blockchain analytics firm Lookonchain, the suspected wallet recently acquired
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Ripple has sparked the curiosity of members of the XRP community following a transaction involving its escrowed XRP tokens. Specifically, the timing of the transaction and the memo contained in it have caused these community members to ask questions about what could be happening. 400 Million XRP Unlocked From Ripple’s Escrow The on-chain analytics platform
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