Ether Leads Post-Fed Crypto Market Rally as Yen Weakness Sparks Risk-On Frenzy
From the U.S. Dollar to Cat-Themed Cryptos, Global Assets Roar Back Following the FOMC’s Bold Move
ETH
Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate
Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
Consensys Suit Against U.S. SEC Dismissed by Texas Court
The U.S. Securities and Exchange Commission had – for a time – added Consensys to a list of crypto investigation targets, prompting the technology incubator company to sue it for overreach in federal court. Because the regulator then shut down that Ethereum probe earlier this year, a Texas judge has decided the lack of immediate danger means the lawsuit is unwarranted.
Ethereum Developers Confirm Plan to Split ‘Pectra’ Upgrade In Two
The decision to split up the upgrade wasn’t unexpected. Developers had been discussing previously that Pectra was becoming too ambitious to ship all at once, and expressed desires to split it in order to minimize the risk of finding bugs in the code.
WazirX Hacker Moves $11M Stolen Ether to Tornado Cash
The hacker, widely suspected to be an entity from North Korea, moved $6 million in stolen funds for the first time last week.
Meta AI builds ideal portfolio for the 2024 crypto bull run
The cryptocurrency market has trended in a six-month consolidation range, recently experiencing two crashes that analysts have called a shake-out … Continue reading
The post Meta AI builds ideal portfolio for the 2024 crypto bull run appeared first on Finbold.
Ethereum Foundation’s Main Wallet Down to About $650M, Top Official Says
Screenshot from Justin Drake appearance at the Ethereum conference Devcoin in 2022. (Devcon/YouTube)
Weeks After Ether ETF Debut, ETH Market Liquidity Has Dropped by 20%
Order book liquidity refers to the market’s ability to absorb large buy and sell orders without influencing the spot price.
Ether CME Futures Volume Shrinks as ETH ETFs Disappoint, Crypto Market Ducks Risk
The decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ETH ETFs, according to CCData.
Bitcoin Drops Below $63K on Profit Taking as SafePal’s SPF Gets Points Boost
Bitcoin (BTC) slid under the $63,000 mark early Tuesday as profit-taking from a weekend rally extended into a second-day, bringing down the broader crypto market.