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How Will the Market React to Recent ETH Sales by Ethereum Co-founder Buterin and the Foundation?
How Will the Market React to Recent ETH Sales by Ethereum Co-founder Buterin and the Foundation?Vitalik Buterin, the co-founder of Ethereum, recently transferred approximately $10 million worth of ETH to wallets associated with cryptocurrency exchanges, sparking market speculation about whether he was selling ETH. At the same time, the Ethereum Foundation sold 84,000 ETH worth over $207 million in August, using these funds to finance development, research, and other important projects within the Ethereum ecosystem
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Gas in Ethereum: Understanding Limit, Used, and Price
Gas in Ethereum: Understanding Limit, Used, and PriceIn Ethereum, Gas is a metric that measures the computational resources required to execute smart contracts and is a crucial component of transaction fees. This article delves into the three key concepts of Gas Limit, Gas Used, and Gas Price, explaining their interrelationships and their impact on the Ethereum ecosystem
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Ethereum Faces Selling Pressure as 19 Million ETH Flow into Exchanges, Price Could Drop to $2,111
Ethereum Faces Selling Pressure as 19 Million ETH Flow into Exchanges, Price Could Drop to $2,111The amount of Ethereum (ETH) flowing into exchanges has been steadily increasing since August 31, indicating that holders are increasingly sending their tokens to exchanges for sale. Data from CryptoQuant shows that exchange wallets currently hold 19 million ETH, worth $47 billion, representing a 1
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Ethereum Spot ETFs: Outflows on the Surface, Undercurrents Running Deep
Ethereum Spot ETFs: Outflows on the Surface, Undercurrents Running DeepDespite massive outflows from Grayscales Ethereum Trust (ETHE), BlackRocks ETHA and other Ethereum funds have attracted billions of dollars in inflows. While this may appear to signal a loss of momentum for spot Ethereum ETFs, the reality is far more complex
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Ethereum's "Winter": Can the Flames Reignite Amidst Doubts?
Ethereum's "Winter": Can the Flames Reignite Amidst Doubts?Ethereum has recently become a focal point of various discussions and controversies, prompting even its founder, Vitalik Buterin, to publicly address concerns and the Ethereum Foundation to issue statements in response to community anxieties. This isn't baseless; Ethereum's underperformance during the current bull market has raised doubts about its position as the "King of Blockchain
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Ethereum: Once a King, Now at a Crossroads
Ethereum: Once a King, Now at a CrossroadsOnce a shining star, Ethereum is now facing numerous challenges. Despite its past glory, many old supporters still harbor dreams about its future, explaining the lingering loyalty some have for it
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L2 Networks Boost Ethereum Throughput by 20x
L2 Networks Boost Ethereum Throughput by 20xAccording to Odaily Planet Daily, growthepie revealed on X platform that L2 networks have increased Ethereum's throughput by 20 times. This news has sparked investor interest and once again highlights the crucial role of L2 networks in enhancing Ethereum's scalability
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Bitcoin and Ethereum Recent Trend Analysis: Bearish Structure Forms, Key Resistance Levels to Watch
Bitcoin and Ethereum Recent Trend Analysis: Bearish Structure Forms, Key Resistance Levels to WatchYesterday, we mentioned that a bearish structure has formed for Bitcoin, and given the multiple bearish factors, we advised against focusing on the bulls and instead looking for shorting opportunities at resistance levels. Early this morning, the price dropped to the neckline we mentioned, falling nearly 4 points
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Bitcoin and Ethereum ETF Sell-offs: Fidelity Exits 525 BTC, Grayscale ETHE Sells 1646 ETH
Bitcoin and Ethereum ETF Sell-offs: Fidelity Exits 525 BTC, Grayscale ETHE Sells 1646 ETHOn August 30th, 10 Bitcoin spot ETFs sold off 1193 BTC, with Fidelity exiting 525 BTC (approximately $30.5 million)
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Ethereum Price Dips, Experts Predict Rebound Later This Week or Next
Ethereum Price Dips, Experts Predict Rebound Later This Week or NextAmidst continued depreciation of Ethereum's price, prominent cryptocurrency analyst Michael van de Poppe highlighted the asset's current weakness and indicated a potential rebound timeframe in an early morning X platform post. Poppe's comments come as Ethereum, the second-largest cryptocurrency by market capitalization, has been under significant downward pressure, echoing its rival Bitcoin
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Ethereum Foundation Needs to Reposition, DCinvestor Calls for Focus on Programmable Money and Censorship Resistance
Ethereum Foundation Needs to Reposition, DCinvestor Calls for Focus on Programmable Money and Censorship ResistanceDCinvestor, a management consultant and Ethereum investor, recently took to Twitter to call for a repositioning of the Ethereum Foundation (EF). He argues that the EF should publicly emphasize ETH as a programmable money, with censorship resistance as the core value proposition of the technology
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Ethereum Short-Term Analysis: Resistance Levels Loom, Breakout Crucial for Future Direction
Ethereum Short-Term Analysis: Resistance Levels Loom, Breakout Crucial for Future DirectionInitial jobless claims fell last week, yet reemployment opportunities remain scarce, hinting at a possibly persistent high unemployment rate in August. However, despite slightly weak economic data, Ethereum has shown signs of a rebound in the 1-hour chart