NYC Mayor Adams to Amend Financial Disclosure Form to Include Bitcoin and Ethereum Holdings
Mayor Adams will update his financial disclosure form to include his investments in Bitcoin and Ethereum, according to his spokesman. The Daily News highlighted that the form did not mention his holdings in these cryptocurrencies.
Ethereum Tops Inaugural Institutional-Grade Crypto ESG Ranking, Bitcoin Lags Due to Energy Usage
Ethereum, Solana, and Cardano topped the first institutional-grade crypto ESG ranking, while Bitcoin lagged due to its heavy energy usage, according to a report by CCData and the Crypto Carbon Ratings Institute. The report evaluated 40 of the largest digital assets based on parameters such as decentralization, security, and climate impact.
Ethereum Price Declines and Could Revisit $1,825 Support Zone
The price of Ethereum has failed to surpass the $1,900 resistance level against the US Dollar and is currently decreasing, potentially revisiting the $1,825 support zone.
Kava 14 Upgrade Enables Seamless Conversion of Native Cosmos Assets to Ethereum's ERC20 Token Standard
Kava, a blockchain that combines the power of Ethereum and Cosmos, has launched the Kava 14 upgrade which allows for seamless conversion of native Cosmos assets to and from Ethereum's ERC20 token standard. Tether has chosen Kava as the gateway for issuing native USDt on Cosmos, and with the launch of Kava 14, USDt can now be minted and easily converted on Cosmos to USDt on other layer one networks.
Ethereum Gas Fees Decrease, Putting ETH in Breakout Range of $1,900
Ethereum gas fees have decreased, potentially leading to a breakout towards the $1,900 price level. This decrease in fees is a relief after the high fees observed earlier this month. The positive sentiment surrounding the improved affordability of Ethereum transactions may attract more users and investors to the platform. Despite holding support above $1,850, Ethereum faces resistance near $1,890 and needs to surpass this barrier to experience a significant increase.
Bitcoin and Ethereum Show Signs of Imminent Breakout, On-Chain Data Suggests
Bitcoin has been consolidating around the $30,500 level throughout July, indicating a possibility of an imminent breakout. On-chain data from Santiment suggests that the breakout could be in the upward direction, as the Net Realized Profit/Loss (NRPL) indicator is negative in relation to the price.
Linea Concludes Successful Voyager Quest, Prepares for Mainnet Alpha Launch
Linea, a blockchain network focused on scaling Ethereum, has successfully concluded its Voyager Quest, a nine-week challenge designed to engage its community and test its technology. During the challenge, Linea achieved over 30 million transactions and saw participation from over 5.2 million unique wallets, demonstrating the strength of its ecosystem.
Ethereum Price Analysis: Technical Outlook Suggests Low Demand and Accumulation
Ethereum's price has remained stable with minor gains on the daily chart while Bitcoin's indecisiveness has slowed down altcoins. Despite reduced buying strength, buyers still hold an advantage over sellers in the market, but if Ethereum fails to move above its immediate resistance, the coin may retrace on its chart. The release of US CPI data is expected to significantly impact the market in the coming weeks.
20% of ETH Supply Staked Despite Negative CMF Hinting at Liquidity Exit from Market
New data from Dune Analytics shows that 20% of the total supply of Ethereum has been staked, with a net flow of 4.46 million ETH recorded since the Shanghai Upgrade went live. Despite the ability to withdraw staked Ether from its consensus mechanism, the upgrade has sparked a renewed wave of deposits instead of a surge of withdrawals.
Trader Outlines Scenario for Ethereum to Ignite Nearly 35% Rally
A trader named DonAlt is predicting a potential surge in Ethereum's value, stating that the cryptocurrency is currently consolidating just below its key resistance level of $1,935.
