Crypto News
Hong Kong Monetary Authority Announces FPS Downtime for System Enhancement
Hong Kong Monetary Authority plans a system enhancement for the Faster Payment System (FPS) on August 18, 2024, causing a temporary service outage. (Read More)Source link
Ether ICO Whale Moves 5K ETH to Exchanges, Bringing Monthly Total to $154M
The whale has deposited 48,500 ETH, worth over $154 million, to OKX at an average price of $3,176 in the past 35 days.Source link
Digital Asset Fund Inflows Spike as Market Corrects, Ethereum Leads With $155M
Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the standout performer, benefiting the most from these market dynamics. Coinshares Reports $176 Million Inflows Into Digital Asset Funds Coinshares reported thatSource link
Crypto Startups Raised $2.7 Billion in Q2—Here’s the Good and Bad News
Late-stage valuations declined by 36% to $40.8 million, reflecting a more cautious approach by investors at later stages of company growth.Source link
Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at aSource link