ether

Ethereum gains 15% in a week — Is a recovery to $3K back in sight?

September 23, 2024 Coin Telegraph

Ethereum gains 15% in a week — Is a recovery to K back in sight?

Bitcoin

Ethereum shows strength in its USD and BTC pair as network activity surges. Is a move to $3,000 realistic?

Ether (ETH) rallied 18.7% between Sept. 17 and Sept. 23, pushing past Bitcoin (BTC) in terms of weekly gains as an increase in open interest, funding rates and network growth signal strong demand for ETH.

Ether’s price is up 4% over the last 24 hours to trade at $2,650, according to data from Cointelegraph Markets Pro and TradingView. In comparison, Bitcoin is trading at $63,678, up 1.8% over the last 24 hours. The total crypto market capitalization has risen by 2% over the same period to $2.3 trillion.

Ether has increased 17.5% over the last seven days, outperforming Bitcoin, whose price has risen only 9.8% over the same period.

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QCP Capital: Crypto Rally Extends, Supported by ETF Inflows

September 21, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis […]

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Commerzbank Partners With Deutsche Börse’s Crypto Finance to Expand Crypto Services

September 20, 2024 Bitcoin.com

Bitcoin

Commerzbank, one of Germany’s largest banks, has partnered with Deutsche Börse subsidiary Crypto Finance to offer secure bitcoin and ether services to its corporate clients. The collaboration focuses on seamless trading and custody solutions, ensuring regulated access to digital assets for select clients in Germany. This marks an important step towards broadening institutional crypto services […]

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US federal judge tosses Consensys’ suit against SEC

September 20, 2024 Coin Telegraph

Coin Telegraph

A Texas federal court judge has dismissed a lawsuit brought by Consensys against the SEC that claimed the agency was investigating Ethereum to classify it as a security.

A Texas federal judge has dismissed a lawsuit filed by blockchain development firm Consensys against the Securities and Exchange Commission and its five Commissioners, including Chair Gary Gensler.

The suit, launched in April, requested the court declare that Ether (ETH) is not a security, that “Consensys’s sales of ETH are not sales of securities,” and block the SEC from bringing enforcement action over aspects of its MetaMask wallet software, which it eventually did in June.

Consensys also claimed the SEC opened an investigation into Ethereum and planned to regulate it as a security, noting the agency had issued it a Wells notice over MetaMask’s swap and staking services.

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SEC Reviews Proposal for New Bitcoin, Ether ETF Custodians

September 19, 2024 Bitcoin.com

Anchorage Digital

The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for […]

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Telegram bot Banana Gun’s users drained of over $1.9M

September 19, 2024 Coin Telegraph

Telegram bot Banana Gun’s users drained of over .9M

banana gun bot

So far, at least 36 victims suffered losses amounting to nearly $2 million worth of Ether.

Users of the Telegram-based cryptocurrency trading bot Banana Gun have been drained of nearly $2 million worth of digital assets.

Banana Gun enables Telegram users to trade on some of the most popular blockchains, such as Ethereum, Solana and Base.

However, at least 11 attackers have drained a collective $1.9 million worth of crypto from the bot’s users, according to onchain security firm Cyvers’ senior Security Operation Center lead, Hakan Unal.

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South Korea, Hong Kong Lead Crypto Market Growth in East Asia

September 19, 2024 Bitcoin.com

Altcoins

East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major hub due to its unique regulatory framework. Both regions reflect shifting attitudes […]

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Ethereum fractal hints at $3.3K as analyst says its ‘go time’ for ETH price

September 18, 2024 Coin Telegraph

$<div>Ethereum fractal hints at .3K as analyst says its 'go time' for ETH price</div>$

Coin Telegraph

Ethereum’s bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.

Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception.

Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.

From a technical standpoint, a market fractal is a historically repetitive pattern that allows traders to identify trend reversals in the charts. Ethereum is currently painting a bullish fractal setup, initially observed in 2021.

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Ethereum ETFs would’ve ‘done better’ if launched in January: Bitstamp exec

September 18, 2024 Coin Telegraph

Bobby Zagotta

Bitstamp’s Bobby Zagotta said Ether ETFs came at a “burdened moment” for risk assets but was optimistic things would pick up at the end of the year.

Spot Ether exchange-traded funds (ETFs) would have fared better if they had launched alongside Bitcoin ETFs in January, says the executive leading Bitstamp’s efforts in the United States.

“I think they have not lived up to expectations, but I attribute that to this moment in time,” Bitstamp CEO for the Americas and global commercial chief Bobby Zagotta told Cointelegraph at TOKEN2049.

Bitcoin (BTC) ETFs launched on Jan. 10, 2024, and accumulated net inflows of $17.5 billion over the course of eight months, according to CoinGlass data.

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Crypto millionaire loses $43 million in Ether-Bitcoin trading bet

September 14, 2024 Coin Telegraph

Crypto millionaire loses million in Ether-Bitcoin trading bet

Aave

Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

Crypto millionaire James Fickel has suffered losses exceeding $43 million since Jan. 10, as his debt on the decentralized lending platform Aave surged to $132 million.

Fickel, an early Ethereum investor and the founder of longevity research firm Amaranth Foundation lost over $43.7 million by essentially betting on Ether’s price (ETH) against Bitcoin (BTC).

Based on the millionaire’s 2024 investments, Fickel expected Ether price to rise against Bitcoin’s when he first borrowed $172 million worth of Wrapped Bitcoin (WBTC) on Jan. 10, according to a Sept. 14 X post by Lookonchain.

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