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Asset management leader VanEck has significantly lowered its long-term price forecast for Ethereum’s ETH token.Asset management giant VanEck has significantly lowered its long-term price forecast for Ethereum's ETH token amid growing concerns about the cryptocurrency's network dynamics and economic model. Matthew Siegel, head of digital asset research at VanEck, announced on October 17 that the firm has lowered its 2030 price target for ETH from $22,000 to approximately $7,300, a 67% reduction compared to prior expectations. did.The changes come in a difficult year for Ethereum, which has underperformed major competitors such as Bitcoin and Solana despite the SEC's sudden approval…

Central and South Asia and Oceania regions lead global cryptocurrency adoptionThe Central, South Asia and Oceania (CSAO) region has established itself as one of the leading regions in the cryptocurrency space, with seven countries among the top 20 countries for cryptocurrency adoption. According to a report by Chainalysis, the region handled an incredible $750 billion in crypto inflows between July 2023 and July 2024, ranking third in the world outside of North America and Western Europe. It has secured its position as a virtual currency hub.India is a particularly interesting country, leading the world in grassroots cryptocurrency adoption despite facing…

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There has been a lot of movement in the crypto market recently, with the Ethereum ETF finally being approved and increasing interest from institutional investors. At the same time, interest in other DeFi projects is also increasing significantly. Introducing Cutushi, an innovative meme coin that aims to disrupt the crypto space with its unique service. See below for more details. Approval of Ethereum ETF increases institutional interest: Is $3,000 within reach by 2025? The recent approval of an Ethereum ETF is expected to further increase institutional interest in Ethereum and solidify its position as a top digital asset. Ethereum’s transition…

The European Central Bank (ECB) has made a landmark decision to cut interest rates again, the first time it has done so consecutively since the 2011 eurozone crisis.While Germany teeters on the brink of recession, inflation rates across the 20-nation bloc are falling. Now, the ECB has chosen to cut interest rates by a further quarter of a percentage point, to 3.25 percent.This is the third rate cut this year, with the previous rate cut to 3.5% taking place in September.ECB President Christine Lagarde said the recent interest rate cuts were due to an unexpectedly sharp drop in inflation.Inflation fell…

The chief investment officer of crypto asset management company Bitwise believes Bitcoin (BTC) will reach six digits within the next year. In a new interview with Aaron Arnold on the Altcoin Daily YouTube channel, Bitwise CIO Matt Hougan says multiple factors appear to be converging to make 2025 a big year for Bitcoin. “I think it will hit a new all-time high. I definitely think it will be a six-digit Bitcoin.The question is, will it be one-handle or two-handle? No. It's a risky market. You should only invest what you can afford to lose. But the setup for 2025 is…

On October 17th, Spot Bitcoin exchange-traded funds recorded capital inflows for the third consecutive day and fifth consecutive day, led by BlackRock's IBIT. The total inflows of the 12 Spot Bitcoin ETFs on this day reached $470.48 million, bringing the cumulative inflows over the past five business days to more than $2.1 billion. BlackRock's IBIT ETF led the surge in inflows, raising $309 million on Oct. 17, according to SoSoValue data. This performance demonstrated IBIT's leadership for the third consecutive day. While BlackRock's IBIT ETF leads the pack, other major players are also contributing to the continued stream of inflows.…

louisa crawford October 18, 2024 06:38 Ethereum’s ACDC call #144 focused on EIP 7742, Pectra upgrade, and PeerDAS specifications to improve scalability and network efficiency. As detailed by galaxy.com, on October 17, 2024, Ethereum developers gathered on Zoom for the 144th All Core Developer Consensus (ACDC) call. The conference call, chaired by Ethereum Foundation researcher Alex Stokes, focused on important upgrades and proposals, particularly the inclusion of EIP 7742 in the Pectra update. Pectra upgrade and EIP 7742 discussion The developers have reached an agreement to incorporate EIP 7742 into the Pectra upgrade. This…

LONDON, UK – FEBRUARY 6: Dr Craig Wright arrives at the Rolls Building, part of the Royal Buildings … [+] Court of Justice, London, UK on 6 February 2024. Dr. Craig Wright, an Australian-born, UK-based computer scientist, claims to be Bitcoin's mythical founder Satoshi Nakamoto and is the author of the 2008 White Paper, the foundational document for Bitcoin and other cryptocurrencies. It is claimed that The Crypto Open Patent Alliance (COPA) says this legal intervention is aimed at mitigating the potential negative impact of Wright's lawsuit, and is asking the court to declare otherwise. (Photo by Dan Kitwood/Getty Images)Getty…

The European Central Bank (ECB) has cut interest rates again, for the second time in a row, as inflation in the euro zone cools more quickly than expected. The ECB on Thursday cut its benchmark deposit rate by a quarter of a percentage point, following a similar cut in September. The move would reduce interest rates to 3.25% after peaking at 4%.This will be the first consecutive rate cut since the ECB began the current easing cycle in response to falling inflation. The decision was announced after inflation data for September was revised downward, with consumer prices in the euro…