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Ethereum price appears to be losing momentum as trading activity slows and investor confidence softens. Summary Ethereum price is trades near support, down 30% from its all-time high. DEX volumes and TVL continue to fall across the Ethereum network. Spot ETH ETFs saw $107M in outflows, showing weaker investor demand. At press time, Ethereum was trading at $3,448, down about 3% in the past 24 hours. Over the last week, the price has moved between $3,216 and $3,633, losing 16% over the past month and now 30% below its August all-time high of $4,946. Trading activity has slowed. Ethereum’s (ETH)…

The privacy coin sector returned to the spotlight after BitMEX co-founder Arthur Hayes urged Zcash holders to withdraw their assets from centralized exchanges (CEXs). On Wednesday, Hayes told holders to “shield” their assets, a feature that enables private transactions within the Zcash network. “If you hold $ZEC on a CEX, withdraw it to a self-custodial wallet and shield it,” Hayes wrote on X.The comments came as Zcash (ZEC) saw sharp price swings in the last few days. The token rallied to $723 on Saturday before dropping to $504 on Sunday. It then surged to a high of $677 on Monday, only…

Leading financial institutions are continuing to explore blockchain technology to facilitate cheaper and faster institutional payments, signaling a growing interest in tokenization solutions.US investment bank JPMorgan and Singapore multinational banking group DBS announced Tuesday that they are developing a blockchain-based tokenization framework to enable onchain transfers between their deposit token ecosystems. The effort aims to set a new industry standard for cross-bank digital payments.The tokenization framework will allow the two financial institutions to facilitate instant payments around the clock, across both public and permissioned blockchain networks, providing their institutional clients with broader access to cross-bank onchain transactions.According to DBS, the…

The Bitcoin price, which had been climbing steadily toward new all-time highs, suddenly plunged on October 10, dragging the Ethereum price and the rest of the market with it. According to the latest Binance Research monthly market insights, the crash wasn’t due to weak crypto fundamentals or a loss of investor interest, but to an abrupt flush-out of excessive risky positions following geopolitical shocks and macroeconomic uncertainty. Why The Bitcoin And Ethereum Prices Collapsed Binance Research reports that the October 10 crash occurred as traders sold more than $19 billion in high-risk positions, marking one of the most significant single-day…

The United Arab Emirates has made the first transaction with its central bank digital currency in the first major update to the project since it was announced in March.The United Arab Emirates’ Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of the Digital Dirham project and used the government payment platform mBridge.The agencies said the transaction was a first for the UAE government and was a “step towards broader adoption of the national digital currency across both government and private sector operations.”It’s the first major update on the CBDC since…

US bank SoFi Technologies has launched crypto trading services to its customers, as clearer rules have allowed the crypto market to court greater interest from traditional finance.SoFi said on Tuesday that its crypto service will aim to offer dozens of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), and started in a phased rollout on Monday, with more customers able to gain access in the coming weeks. SoFi CEO Anthony Noto told CNBC’s Squawk Box on Tuesday that his bank is the first and only nationally chartered bank to launch crypto trading to consumers and was spurred to do so after the…

Gianluca Di Bella, a smart-contract researcher specializing in zero-knowledge proofs, said the danger posed by quantum computing isn’t a distant concern; it’s a current one.Speaking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Di Bella said he believes “we should migrate now” to post-quantum encryption standards. The reason, he explained, lies in so-called “harvest now, decrypt later” attacks, where data is collected and stored until future technology makes decryption possible.For instance, if the identity of a dissident in a totalitarian country is protected solely by encryption, they want to ensure that the data will remain safe for 10, 15, 20…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has regained the $3,500 level after a volatile week marked by heavy selling pressure and uncertainty across the crypto market. Bulls, who briefly lost control as ETH dipped below key support levels, are showing renewed strength as liquidity surges and sentiment begins to shift. According to a recent CryptoQuant report, data from Binance — the world’s largest Ethereum trading platform by volume — reveals a notable on-chain trend that could signal deeper structural strength. The ETH supply on Binance has been in steady decline since mid-year,…

The cryptosphere is keeping a close eye on Ethereum (ETH), as the second-largest cryptocurrency by market cap demonstrates resilience amid market shakes. Related Reading While spot ETF outflows are causing concern in some quarters, underlying network fundamentals and technical charts are painting a cautiously optimistic picture, with analysts pointing to a potential move toward the $4,400 mark. Ethereum ETF Outflows and Institutional Sentiment Despite ETH’s recent price recovery, institutional sentiment appears to be on firmer ground even as exchange-traded funds (ETFs) tied to Ethereum record sizeable outflows. Data show that Ethereum spot ETFs suffered a net outflow of approximately $508…

Coinbase and stablecoin startup BVNK have reportedly parted ways on a $2 billion acquisition deal that would have been among the largest crypto company deals ever and would’ve significantly expanded Coinbase’s institutional stablecoin offering.Fortune reported on Tuesday that the decision was mutual, but it isn’t clear why the parties sought to cancel the deal. Coinbase and BVNK, which builds stablecoin infrastructure, had reached the due diligence stage of the deal after signing an exclusivity agreement in October.“After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward,” a Coinbase spokesperson told Fortune, adding that it would…