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Tag: News

Ethereum Surges Past $2,600, Reaching Highest Level in Seven Months

Ethereum reached the $2,600 price milestone for the first time in seven months, aligning with a broader market recovery across digital assets. The upward movement was accompanied by a noticeable uptick in derivatives trading volume and open interest across centralized exchanges. Market analysts attribute the recent price action to improving macroeconomic conditions and renewed institutional interest in layer-1 networks. Ethereum climbed past...

Breaking, Cryptocurrencies, News

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Bitcoin, ether rebound after August CPI matches forecasts as Fed hike odds climb

The U.S. consumer price index rose 0.4% in August and 3.4% from a year earlier, matching forecasts, while core CPI increased 0.3% month over month. Bitcoin briefly traded as high as about $79,837 before settling near $77,800; ether moved above $2,500. Market pricing of a 25-basis-point hike at the Sept. 16 FOMC meeting climbed into the mid-to-high 80% range after the print. Energy, including a 3.9% monthly rise in gasoline, accounted for a...

Cryptocurrencies, News

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Robinhood Chain Gas Revenue Plummets 83% Despite Record Trading Volumes

Robinhood Chain generated $943,728 in gas revenue on Sept. 10, marking a sharp decline from its $5.44 million peak on Sept. 4. Despite the steep drop in toll collection, transaction volume remained flat while weekly decentralized exchange (DEX) volume rose 27%. The average transaction cost fell to $0.077 in gas, down significantly from $0.43 during the network’s peak activity period. Robinhood’s proprietary blockchain...

Breaking, Cryptocurrencies, News

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Senate Republicans Release Revised Clarity Act Ahead of Sept. 15 Vote

Senate Republicans released a 630-page revised Digital Asset Market Clarity Act on Sept. 10 ahead of a Sept. 15 procedural vote that needs 60 votes to advance. The draft requires “decentralized-in-name-only” trading protocols controlled by a person or group to register with the CFTC and comply with the Bank Secrecy Act. Sen. Cynthia Lummis said the text incorporates more than 114 provisions requested by Democrats and limits DeFi language to...

Crypto regulation, Cryptocurrencies, News, Regulation

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Zcash Surges to Multi-Year Highs Amid Renewed Privacy Coin Interest

Zcash (ZEC) experienced a sharp upward trajectory, capturing attention across the crypto ecosystem as privacy-centric assets regain market momentum. The recent price action reflects shifting trader sentiment toward shielded transactions and decentralized cryptographic protocols. Privacy-focused cryptocurrency Zcash (ZEC) has captured significant market attention following a dramatic price surge that pushed the asset to new multi-year...

Breaking, Cryptocurrencies, News

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