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Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge plummeted to bearish levels. Ether’s futures contract annualized premium, or basis, reached 2.5% on Feb.

The cryptocurrency ecosystem has seen a tremendous amount of growth over the past couple of years, as the introduction of decentralized finance (DeFi) and the popularity of nonfungible tokens (NFT) have led to an explosion of projects on more than a dozen blockchain networks.  The rapidly growing ecosystem means investors have to keep track of

One of the most prominent figures in the crypto community is publicly denouncing Russia’s invasion of Ukraine. Ethereum (ETH) co-founder and billionaire Vitalik Buterin took to Twitter to blast Russian President Vladimir Putin’s decision to launch an attack on Ukraine, Russia’s neighbor to the west, in a territorial dispute. Says the programmer, in a tweet

As the overall markets grapple with geopolitical instability, crypto whales are scooping up one altcoin in massive amounts. Cryptocurrency analytics firm Santiment is tracking the buying and selling behavior of the biggest crypto wallets following Russia’s incursion into neighboring Ukraine two nights ago. Santiment reports whale activity has increased five-fold compared to normal. “Cryptocurrency whales

BTC is etching daily higher lows and altcoins are holding on to their recent gains, suggesting that a market bottom could be in place.

Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT. The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the growing popularity of non-fungible tokens worldwide. According to Rakuten, the NFT marketplace also hosts a platform that allows IP

BNY Mellon, a major investment bank, is developing a digital asset custody platform that would allow institutional customers to gain crypto exposure. According to a report from City A.M., customers will be able to store the world’s most popular cryptocurrencies, Bitcoin (BTC) and Ether (ETH), in BNY Mellon crypto wallets which are powered by Fireblocks

Crypto markets are witnessing massive liquidations as the period of stagnation pushes deep-pocketed investors into adopting less volatile currencies such as stablecoins. According to digital assets-focused market intelligence platform Coinglass, nearly 1750,000 traders have liquidated their crypto assets in the past 24 hours, with $675.82 million in total money flushed. Flagship cryptocurrency Bitcoin (BTC) saw

One popular crypto analyst is naming his top five altcoins, including three Ethereum-competitors, to keep an eye on in March 2022. In his latest YouTube video, Altcoin Daily co-host Aaron Arnold says he is bullish on Ethereum (ETH) and its layer-1 ETH competitors. “I’m bullish on alternative layer-1s, but let’s not forget the king of layer-1s