Ethereum's market capitalization has fallen to about $186.263 billion, while Tether's stablecoin market cap rose to approximately $187.05 billion, marking a rare flip where Tether overtakes Ethereum. This shift is driven by increased demand for stablecoins like USDT during risk-off market phases and liquidity shifts, alongside accelerated Ethereum derivatives liquidations. Despite this temporary change, Ethereum remains a leading smart contract platform, but the event highlights how stablecoin supply dynamics can impact market rankings during volatile periods.
Ethereum's price hovered near $2,055 on November 11 after a week-long 15% drop, with selling pressure easing as US spot Ethereum ETF withdrawals sharply slowed. BlackRock's ETHA ETF saw no outflows after a $119 million withdrawal the day before, sign...
David Schwartz, former CTO of Ripple, has sold about 90% of his XRP holdings, reducing from 26 million to 3 million tokens due to decreased risk tolerance. He also cut his Bitcoin and Ethereum holdings significantly. Despite this, he still holds a su...
Ethereum co-founder Joseph Lubin predicts that ETH will become an important store of value during periods of high inflation and economic instability, thanks to its unique features like decentralized finance, smart contracts, and resistance to censors...
U.S. spot Ether exchange-traded funds (ETFs) experienced $184.6 million in net outflows on November 9, marking the third consecutive day of withdrawals and nearly doubling the previous session's $93.3 million outflows. BlackRock's iShares Ethereum Tr...
Large cryptocurrency holders are showing contrasting behaviors as Bitcoin's price falls below $73,000. XRP whales accumulated 65.32 million tokens worth nearly $72 million over four days, while Bitcoin whales sold over 34,000 BTC valued at $2.6 billi...
