Pinakabagong Balita sa Crypto at Market Updates

More trouble for Grayscale as Ethereum trust plummets

Ethereum　　More trouble for Grayscale as Ethereum trust plummets　　11 / 29 / 2022　　Balita ng Ethereum ng Bitcoin　　Grayscale Investments is best known for its Grayscale Bitcoin Trust (GBTC) product, which is currently trading at a steep discount to its assets under management (AUM). But the company has also created a number of other publicly traded products, among them the Grayscale Ethereum Trust (ETHE) which, much like GBTC, provides ether exposure via a trust trading on US over-the-counter (OTC) markets.　　Also much like GBTC, ETHE is currently trading at a discount to ether (a 42% discount, to be precise). Its share price has also declined 80% year-to-date, while ether itself has declined 68% in the same timeframe.　　The inferior performance of Grayscale‘s Ethereum trust relative to its only asset reflects investors’ uncertainty around the ability to redeem ETHE for ether anytime soon.　　lahat Grayscale trusts are currently closed for share redemptions. Investors cant give ETHE to Grayscale to redeem ether and because of this restriction, Grayscale trusts trade at a different price to the assets they possess.　　Grayscale isiwalat that Coinbase Custody holds digital assets for Grayscale. ETHE held 3,044,506 ether as of the close of trading on November 28.　　Problems with Grayscales ETHE　　Ang pagbagsak ng FTX naapektuhan

2022-11-29Ethereum

Ethereum Layer 2 Network Gas Usage Hits Record Highs

Ethereum　　Ang Ethereum Layer 2 Network Gas Usage Hits Record Highs　　11 / 28 / 2022　　Balita ng Ethereum ng Bitcoin　　Gas usage on layer 2 networks for Ethereum hit an all-time monthly high. The statistic has grown by roughly 300% year over year.　　The Ethereum network shows increased layer-2 activity, as the amount of gas (transactional unit for Ethereum) spent on the network has hit a monthly all-time high. November 2002 saw over 103 billion gas used, which is a massive jump from the start of the year when it was 33.2 billion.　　In November 2022 for the first time, L2 systems consumed more than 100b gas to validate transactions and operate their bridges on L1. 6 months ago in May 2022 the 50b gas threshold was exceeded for the first time.　　Year over year, there has been roughly a 300% increase in the amount of gas used to settle layer 2 transactions on Ethereum. For the most part, this activity has been increasing in 2022, with just a few blips when the market was crashing.　　November was the first time that layer 2 networks consumed well over 100 billion in gas. Its something of a milestone for Ethereum. Only six months ago, the value was at

2022-11-29Ethereum

Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

Ethereum　　Ethereum Price Key Indicators Point Firming Case Para sa Pagbawi na Higit sa $1,250　　11 / 28 / 2022　　Balita ng Ethereum ng Bitcoin　　Ethereum corrected lower, but the bulls were active near $1,150.　　Ang presyo ay nakikipagkalakalan ngayon sa itaas ng $ 1,180 at ang 100 oras-oras na simpleng paglipat ng average.　　Mayroong isang pangunahing linya ng bearish trend na bumubuo na may pagtutol na malapit sa $ 1,195 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).　　The pair could rise steadily if it clears the $1,200 and $1,230 resistance levels.　　Presyo ng Mata ng Ethereum Mataas na Pagtaas　　Ethereum price started a downside correction from the $1,230 resistance. ETH declined below the $1,200 support zone and the 100 hourly simple moving average, similar to bitcoin.　　However, the bulls were active near the $1,150 zone. A low was formed near $1,150 and the price started another decent increase. Ether price was able to clear the $1,165 and $1,180 resistance levels. There was a clear move above the 23.6% Fib retracement level of the recent decline from the $1,236 swing high to $1,150 low.　　Ether price is now trading above $1,180 and the 100 hourly simple moving average. An immediate resistance on the upside

2022-11-29Ethereum

Germany has the second highest concentration of ETH nodes in the world

Ethereum　　Ang Germany ang may pangalawang pinakamataas na konsentrasyon ng mga ETH node sa mundo　　11 / 28 / 2022　　Balita ng Ethereum ng Bitcoin　　Germany accounts for 6% of Europe‘s blockchain fundingGermany blockchain report: Germany’s percentage blockchain funding relative to the world and Europe　　Germany blockchain funding by sectorBasahin ang aming pinakabagong Ulat sa Market　　Kumuha ng isang sa Crypto Market ????　　Maging isang miyembro ng CryptoSlate Edge at i-access ang aming eksklusibong komunidad ng Discord, mas eksklusibong nilalaman at pagsusuri.　　Sumali ngayon sa halagang $ 19 / buwan Galugarin ang lahat ng mga benepisyo　　Source: https://cryptoslate.com/germany-leads-by-eth-nodes-concentration-in-latest-report/

2022-11-28Ethereum

Ethereum Tries To Keep Luster As It Moves To Narrower Range

Ethereum　　Ethereum Tries To Keep Luster As It Moves To Narrower Range　　11 / 28 / 2022　　Balita ng Ethereum ng Bitcoin　　Ethereum, the worlds second biggest cryptocurrency, has continued its downward trajectory, passing through the $1,200 level.　　To date, the exchange rate has reached $1,170.49. data from CoinGecko shows that the coin has been trading at a loss on a weekly basis.　　Heres a quick glance at how ETH has been performing:　　The price of ether is currently below the $1.2k range　　Investors are preparing to sell, as shown by the high exchange netflows　　If the bears manage to push beyond the $1,152 support level, the next important support is located at the $906 level　　After initially plunging as rumors of an impending FTX collapse hit the market, the price eventually settled into a patagilid trend and has remained there since. However, the trading range for this sideways movement is beginning to contract.　　The formation of a relief rally is being jeopardized by the current trading range. More losses are on the way for the Ethereum market, therefore would-be buyers and sellers of ETH should proceed with caution.　　Ethereum Relief Rally In The Offing？　　As the Bollinger band constricts around the $1,199 price range, the chance of a relief rally increases.　　ETH has

2022-11-28Ethereum

Top Analyst Predicts Big Rally for One Ethereum-Based Altcoin, Says Crypto Catalyst Coming in Two Weeks

crypto Ethereum　　Top Analyst Predicts Big Rally for One Ethereum-Based Altcoin, Says Crypto Catalyst Coming in Two Weeks　　11 / 28 / 2022　　Balita ng Ethereum ng Bitcoin　　The crypto strategist who called the end of last years Bitcoin (BTC) bull market is predicting a surge for an Ethereum-based altcoin.　　The pseudonymous analyst known in the industry as Pentoshi tells his 657,500 Twitter followers that the technicals and fundamentals are aligning for decentralized oracle network Chainlink (LINK).　　According to Pentoshi, LINK is showing relative strength with a big fundamental catalyst coming in a few weeks.　　Source: Pentoshi / Twitter　　Looking at the analysts chart, he predicts a slight dip to the $6.60 level for LINK before rallying toward his target of $9.63. At time of writing, LINK is switching hands for $6.72, suggesting an upside potential of over 43% for the decentralized oracle.　　According to a recent Chainlink blog post, beta staking for LINK is slated to go live on the Ethereum (ETH) mainnet on December 6th. Staking allows LINK holders to earn rewards for helping to increase the security of Chainlinks oracle services. Holders will have to commit their Chainlink tokens in smart contract to participate, thereby reducing the supply of LINK available for sale.　　Although Pentoshi is bullish

2022-11-28Ethereum

Heres Who Caused Enormous Spike in Ethereum Selling Pressure This Past Weekend

Ethereums plunge below $1,200 is result of selling pressure coming from one fund　　Ethereums reversal from the local resistance level was not something that most of the market anticipated in the weekend trading session on the cryptocurrency market. However, on-chain data clearly shows why the second biggest cryptocurrency broke down in such an unexpected manner.　　According to Nansens data, the Jump Crypto fund deposited more than 2,850 ETH into various centralized exchanges and liquidated almost all of it over the last 24 hours, causing a sharp dip in price.　　Jump deposited 2,850+ $ ETH ($3.5m worth) into various CEX just over the last 24h, and then the sharp dip in price.　　They dumping？　　— Rock ???? (@DataaRocks) Nobyembre 28, 2022　　Previously, various on-chain sleuths speculated over the connections of Jump Crypto to fallen FTX exchanges and the amount of funds held by the investor on the crypto trading platform. Considering the illiquid state of the market and Jump‘s potential issues with credibility, a significant loss caused by the implosion of the exchange would have been the final blow to the exchange’s ability to cover existing liabilities to creditors.　　Who is constantly attacking ETH？　　Since the beginning of November, Ethereum has had to withstand massive selling pressure coming from

2022-11-28Ethereum

NFT sells for $44k the highest price yet on XRP Ledger – crypto.news

XRP ledger sets a new record on Friday as XRP reported via a tweet that one of the ‘XRPL Punks’ sold for 108,900 XRP, equal to $44,000 at the time the transaction pulled through.　　XRPL makes history　　XRP ledger made history on 25th November 2022 by setting a new record for the highest NFT purchase on the network. According to an announcement on Twitter by onXRP, an XRP-based modular ecosystem, the transaction resulted in a 108,900 XRP sale of one of the Non-Fungible Tokens on the XRPL Punk collection. The amount of XRP involved in the transaction was equal to $44,000 at the time of the transaction making this the highest sale on the network.　　Ayon sa XRPL PUNKSs reply to the announcement, the sale occurred in an online auction on VC Discord, an event with more than 20 attendees. XRPL PUNKS failed to disclose the identity of the individual who bought the NFT at such a high valuation. One of the most popular collections on XRPL is the Punks collection, also known as Xpunks.　　XRPL PUNKS replied to onXRPs official announcement saying:　　“Was an open auction with over 20 people in VC in Discord. We don‘t want to disclose the buyer’s name, but the

2022-11-28Industriya

Aave shows promise of a move to $75 but will the bears stop the rally?

Kumuha was at an interesting place on the price charts. Higher timeframe momentum was bearish, but the market structure on the 12-hour and daily charts flipped to bullish in the past couple of days. The lower timeframe charts also showed momentum ng bullish.　　Basahin Aaves Price Prediction 2023-24　　Can the bulls trust this flip, and look to position themselves long？ Or, can traders look to remain patient and wait for a move into the $72 area before loading their short positions？ A stiff resistance zone lay ahead for AAVE, that much was certain.　　FVG and bearish breaker lie in the vicinity of $72　　Pinagmulan: AAVE / USDT sa TradingView　　A move upward followed by a downward push once more was likely for AAVE. Why is that？ On the lower timeframes, the market structure was bullish for Aave. It climbed past $61.3 over the previous day of trading and has seen a surge of nearly 18% in the past five days.　　The market structure of the 12-hour chart broke toward the bullish side. Even though the moving averages showed bearish momentum, the lower timeframe rally can see Aave drive toward an area of importance to the north.　　The RSI climbed above neutral 50 at the time of writing,

2022-11-28Industriya

Billionaire Mike Novogratz Says Bitcoin and Ethereum Not Going Away Despite Crisis of Confidence in Crypto

Bitcoin crypto Ethereum　　Billionaire Mike Novogratz Says Bitcoin and Ethereum Not Going Away Despite Crisis of Confidence in Crypto　　11 / 27 / 2022　　Balita ng Ethereum ng Bitcoin　　The chief executive of crypto investment firm Galaxy Digital says that the top two leading digital assets arent going anywhere despite widespread negative sentiment in the industry.　　Sa isang bagong pakikipanayam on CNBC‘s Squawk Box, billionaire Mike Novogratz says that he doesn’t envision king crypto Bitcoin (BTC) and leading smart contract platform Ethereum (ETH) going under even though a crisis of confidence is rattling the crypto markets.　　The Galaxy Digital CEO goes on to say that while he expects a recovery for the crypto industry, he anticipates a slow grind upward rather than a quick burst.　　Pagtanggi: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng mga namumuhunan ang kanilang nararapat na pagsusumikap bago gumawa ng anumang mga pamumuhunan na may mataas na peligro sa Bitcoin, cryptocurrency o digital assets. Mangyaring pinapayuhan na ang iyong paglilipat at mga kalakal ay nasa iyong sariling peligro, at ang anumang pagkawala na maaari mong makuha ay ang iyong responsibilidad. Hindi inirerekumenda ng Daily Hodl ang pagbili o pagbebenta ng anumang mga cryptocurrencies o

2022-11-28Ethereum

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