Ethereum

Ethereum (ETH) bulls got a taste of fire on June 11th as the altcoin’s derivatives market witnessed a dramatic surge in long liquidations. According to data from Coinglass, this event marked the highest level of long liquidations since May 23rd, signifying a significant correction for traders who bet on rising prices. Crimson Chart: Long Positions Liquidated Overconfident investors piled into long positions, essentially placing a wager that Ethereum’s price would climb. However, the market had other plans. An unexpected price…

The post Ripple Unveils RLUSD: A New Stablecoin on XRPL and Ethereum appeared first on Coinpedia Fintech News Ripple has officially introduced its upcoming stablecoin, which will be named Ripple USD (RLUSD), a significant milestone in its strategic expansion. This announcement comes following enthusiastic speculation and teases from the crypto community. RLUSD is supported 1:1 by U.S. dollars, and aims to provide its users a stable as well as a transparent store of value. This stablecoin shall be available on…

Ethereum price failed to clear the $3,650 resistance. ETH declined again after the Fed decision and now shows bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,580 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,600 resistance…

Ethereum ETFs are expected to capture 20% of the current investment flow into Bitcoin ETFs following investors’ need for diversification and Ethereum’s unique abilities. Although analysts depict that initial inflows might be lower than those of Bitcoin ETFs, the approval of Ethereum ETFs will be a tipping point for the whole cryptocurrency market. The crypto community is going abuzz with excitement as Ethereum ETF awaits approval once legally approved. The highly anticipated Ethereum ETF could see it capturing up to…

The post Crypto Movers Guide: Shiba Inu, Ethereum, and Furrever Token’s Market Impact appeared first on Coinpedia Fintech News With the Furrever Token presale nearing its end, anticipation within the crypto community is high. Offering potential returns of up to 15X, Furrever Token stands out with its innovative 10% deposit bonus referral system, blending cuteness with profitability in a crowded market. Concurrently, Shiba Inu sees a notable increase in its burn rate, possibly boosting its value by reducing supply. Ethereum…

The post Ethereum Tests Key Resistance Amid Market Surge Following Promising CPI News: What’s Next for ETH Price? appeared first on Coinpedia Fintech News The May US Consumer Price Index (CPI) indicated a modest decrease in inflation, dropping to 3.3% from April’s 3.4%. This positively impacted the market, triggering a robust recovery in major crypto assets. Bitcoin’s price is currently heading towards the $70,000 mark. Simultaneously, Ethereum (ETH) has experienced an increase in buying activity and is now challenging significant…

The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), has showered praise on Bitcoin and Ethereum, calling them “digital gold” and “digital oil,” respectively.  ICBC had high praise for Ethereum, stating that it had established itself as “digital oil” capable of powering an array of applications across the Web3 ecosystem.  Praise For Bitcoin And Ethereum  The comments were made in an in-depth analysis of the cryptocurrency ecosystem that highlighted the growing diversity and rapid evolution of cryptocurrencies.…

Hong Kong banks are preparing to offer Bitcoin and Ethereum ETFs, promising a significant shift in the financial landscape. Regulatory approvals and talent acquisition are pivotal before these ETFs can be listed. As the financial landscape evolves, Hong Kong banks are gearing up to introduce Bitcoin and Ethereum ETFs to their clientele. Although mainstream brokerage firms have commenced the distribution of cryptocurrency spot ETFs, banks are pending entry. This initiative aligns with the recent CNF update where Hong Kong’s Securities…

The post Ripple Unveils XRPL EVM Sidechain to Enhance Interoperability With Ethereum Ecosystem  appeared first on Coinpedia Fintech News Ripple Labs, a leading blockchain payments company using XRP as the native digital asset, has launched a new product dubbed XRPL EVM Sidechain. The XRPL EVM Sidechain will introduce Ethereum Virtual Machine (EVM) compatibility with the XRP Ledger (XRPL).  According to the announcement, the XRPL EVM Sidechain will enable decentralized financial (DeFi) developers to build next-generation Web3 applications. Notably, the XRPL…