Ethereum (ETH) Gearing up for a New ATH After the Market Crash (Analysts)

TL;DR Ethereum briefly fell below $3,000 but has since recovered, with bullish predictions targeting prices up to $8,000. Optimism is partly driven by the potential launch of spot ETH ETFs in the US, expected by some industry participants as early as mid-July. The Next Target The cryptocurrency market decline witnessed at the end of last week and the start of the new one has negatively affected Ethereum’s (ETH) price, which briefly tumbled below the $3,000 mark. In the past 24 hours, though, bulls stepped in, pushing the valuation above that…

Labour victory in UK elections renews crypto industry optimism

The United Kingdom’s general election has ended in a landslide victory for the Labour Party, ending 14 years of Conservative Party government. With that comes renewed optimism for positive action and engagement with the cryptocurrency industry. Outgoing Prime Minister Rishi Sunak made much of his “crypto asset hub” ambitions, but industry observers said action to back his promises was sorely lacking. With Labour now in power, the hope for positive action is cautiously renewed. Industry body CryptoUK told Cointelegraph: “We have established strong relationships with Labour MPs and policymakers, and…

Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch

It’s finally been a day of positivity within the cryptocurrency market. The total capitalization increased above $2.2 trillion on the back of multiple coins charting substantial recoveries from yesterday’s lows. Bitcoin’s price seems stable, but it’s important to take this calmness with a grain of salt as the sentiment remains uncertain. Bitcoin Solidifies at $57K After a tumultuous day of trading, the Bitcoin price has seemingly found some equilibrium at $57K, where it’s currently trading. Source: TradingView As you can see in the chart above, the price went through a…

Ethereum to launch first $2M protocol-wide ‘Attackathon’

Ethereum is set to launch its first-ever hackathon with a slated reward pool of $2 million that “aims to be the largest crowdsourced security audit” of the blockchain’s codebase. The so-called “Attackathon” will see security researchers “actively search for vulnerabilities in the protocol’s code” in a four-week “time-bound audit challenge,” the Ethereum Protocol Security (EPS) research team explained in a July 8 blog post. “They will follow specific rules set for the competition, and only impactful and rule-compliant reports will be rewarded,” it added. The event would start with a…