Press Review: Latest Developments in the Crypto World
Bitcoin and Ethereum have experienced significant losses recently. According to n-tv NACHRICHTEN, Bitcoin dropped by 2.0% to $61,642 while Ethereum fell by 1.4% to $2907. This downturn highlights ongoing volatility within the cryptocurrency market.
In other news, a new record has been set for active users on Ethereum's Layer 2 solutions, as reported by wallstreet:online. The ecosystem saw over 5.5 million weekly active users with Arbitrum leading at 2.2 million users followed by Base with 1.47 million and ZkSync rounding out the top three with 1.04 million users.
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Meanwhile, discussions around whether Ethereum can reach $10,000 in value during 2024 are gaining traction according to an article from ingenieur.de. Despite its current price oscillating around $3,000 USD and facing competition from Bitcoin ETFs, several bullish factors such as increased adoption of Layer-2 solutions could drive ETH towards this ambitious goal.
Börse Online reports that upcoming US inflation data might reignite interest in cryptocurrencies like Bitcoin, Ethereum, and Solana (source link here). Lower-than-expected inflation figures could lead to renewed speculation about potential rate cuts which would benefit global markets including crypto assets.
BeInCrypto reveals that long-term holders of Ethereum are starting to sell their holdings (read more here). A notable transaction involved transferring approximately $12.17 million worth of ETH into Coinbase, indicating possible liquidation plans despite overall optimism regarding future market prospects for ETH.
Finally, BTC-ECHO covers the launch of EigenLayer’s EIGEN token airdrop aimed at qualified participants who can now claim their tokens by connecting their wallets on Eigenfoundation’s site (more details available here). Although some regions were excluded initially due to restrictions imposed on usage of VPNs, adjustments have been made to allocation amounts to ensure broader distribution among eligible recipients. This makes it one of the largest drops ever seen in the space, valued at roughly a billion dollars in total locked value (TVL), second only to DeFi protocols globally.
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