According to Santiment data, both the ETH exchange inflow and outflow have been declining. This is symptomatic of the sluggish behavior of on-chain and off-chain wallet holders. The Ethereum development team, on the other hand, has been moving quickly to begin the Shanghai upgrade, the next phase of the Ethereum merge. Here comes Shanghai The core Ethereum development team is starting to work on Shanghai, the next major upgrade to the Ethereum network. To that effect, a… Source link

Both Litecoin (LTC) and Avalanche (AVAX) have lost over 60% of their token’s value since the start of 2022, according to data from CoinMarketCap. And an additional near $30 billion in market capitalization has been lost between the two of them.Although numbers like these are common for cryptocurrencies facing a bear market, Litecoin’s (LTC) and Avalanche’s (AVAX) downfall has left many questions unanswered. Holders of LTC and AVAX may wonder if the… Source link

Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC. Buyer could be “willing to acquire” 32,000 BTC at $19,000 In the latest sign that the current spot price is affecting the behavior of even longer-term holders, a whale entity that purchased BTC near the pit of the last bear market appears to have sold. According to Whalemap,… Source link

Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC. Buyer could be “willing to acquire” 32,000 BTC at $19,000 In the latest sign that the current spot price is affecting the behavior of even longer-term holders, a whale entity that purchased BTC near the pit of the last bear market appears to have sold. According to Whalemap,… Source link

Investment Giant Sees Post-Merge Ethereum Through ‘New Lens’ Fidelity Investments, the TradFi asset management goliath, plans to launch Ethereum trading and custody services for institutional clients beginning Oct. 28, according to a memo Fidelity sent to its customers. The move, which will be executed by Fidelity Digital Assets, a subsidiary of the firm, deepens its commitment to cryptocurrency. Abigail Johnson, Fidelity’s CEO, has been a longtime supporter of digital assets.  New… Source link

Investment Giant Sees Post-Merge Ethereum Through ‘New Lens’ Fidelity Investments, the TradFi asset management goliath, plans to launch Ethereum trading and custody services for institutional clients beginning Oct. 28, according to a memo Fidelity sent to its customers. The move, which will be executed by Fidelity Digital Assets, a subsidiary of the firm, deepens its commitment to cryptocurrency. Abigail Johnson, Fidelity’s CEO, has been a longtime supporter of digital assets.  New… Source link

Bitcoin took the internet by storm in 2021 when El Salvador – the smallest country in South America – announced it will make the cryptocurrency a legal tender. The plan was first made public during the 2021 Bitcoin Conference that was held in Miami through a video of El Salvador President Nayib Bukele that shared the nation’s plan to adopt a bill that will make Bitcoin legal tender. Bukele said the move was to make it easier for its people living abroad to… Source link

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish… Source link

At the time of writing in late October, Monero (XMR) is worth US$143.35 according to CoinMarketCap data. Monero’s market capitalisation (market cap) currently sits at US$2,651,700,339. Market cap is a cryptocurrency’s current price multiplied by its circulation supply. Monero has experienced a downward value trend in the past year. However, all cryptocurrencies across the board have experienced these lows lately. This is likely due to what is known as a ‘crypto winter’, which… Source link

In major macroeconomic data, U.S. housing starts plunged 8.1% to 1.439 million in September, falling slightly short of the consensus estimate but reflecting a sagging of the once-torrid housing market. However, September housing permits, an indicator of future construction, rose by 1.4% over August. Source link