ETH DATs have a problem: Ether’s crash below $3K vaporized a year’s worth of gains

Investors are reducing their exposure to risk assets as optimism wanes regarding potential interest rate cuts by the Federal Reserve before year-end. This shift has led to declines in major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE).

Coinbase has introduced ETH-backed loans, allowing users to borrow up to $1 million in USDC against their Ether holdings. This launch comes as the company's Base-powered network has facilitated over $1.25 billion in loans, marking a significant milestone in onchain lending.

FG Nexus has sold 10,922 Ethereum (ETH) as part of its strategy to engage in digital asset transactions. This sale marks a significant move for the firm in the cryptocurrency market, reflecting its ongoing efforts to optimize its asset management.

Bitcoin is experiencing a significant downtrend, struggling to maintain support at the $90,000 level. As the price continues to decline, traders are focusing on short liquidity levels between $98,000 and $100,000, indicating a cautious approach amid ongoing market volatility.

Bitcoin is currently facing a significant downtrend, struggling to maintain support at $90,000. Traders are now focusing on short liquidity levels between $98,000 and $100,000 as the price continues to decline. This situation reflects ongoing volatility in the cryptocurrency market.

US spot Bitcoin ETFs recorded $75 million in inflows after a five-day period of redemptions, indicating early signs of stabilization as Bitcoin's price recovers above $92,000. This marks a significant rebound from recent market volatility.

A recent survey indicates that Singapore's retail cryptocurrency investors prioritize trust and regulatory compliance over low transaction fees. This trend reflects a cautious approach to asset allocation and a preference for long-term holding strategies as the market matures.

Bitcoin Core's first independent audit has found no serious vulnerabilities, with reviewers commending the project's security, testing depth, and overall code maturity. This positive assessment highlights the robustness of Bitcoin Core's framework in the cryptocurrency landscape.