Ethereum's recent Glamsterdam upgrade cut network fees by 78%, causing transaction fees and revenue to fall to record lows. Despite this, on-chain activity is strong, with monthly transactions hitting nearly 80 million, an all-time high. This suggests that lower fees are boosting network usage rather than indicating weaker demand. As a result, Ethereum's current price may be undervalued relative to its growing network strength, highlighting a shift in its revenue model rather than a decline in demand.
Infinit (IN) surged nearly 10% on Upbit with a 500% spike in trading volume, reaching about 53.49 billion won in 24-hour turnover. This surge placed Infinit at the top of Upbit's investor sentiment rankings with an 'extreme greed' score of 97, signal...
BitMine Immersion Technologies ($BMNR) has been added to the Russell 3000 Index, enhancing its visibility and access to institutional investors. This inclusion allows automatic inflows from index-tracking ETFs and passive funds, potentially increasin...
Stablecoin market capitalization has surged to a record $323 billion, with over $3 billion added this month, signaling strong liquidity in the crypto market. This increase supports Ethereum, the leading Layer-1 network, despite its recent weaker perf...
A pseudonymous trader named Evaded secured $4.6 million in profits by closing long positions in HYPE, ZEC, and ETH. Immediately after, the trader opened a large short position of 990 bitcoins worth about $74.84 million on Hyperliquid, which had alrea...
Ethereum (ETH) faces a critical price level at $2,179 where $1.056 billion in short positions could be forcibly liquidated, potentially causing a rapid price surge due to a short squeeze. This level is now only 5.3% above the current price of around ...
