Ethereum News : Bitcoin, Binance, Ethereum, Solana And Ripple: The Biggest Crypto News From The Past Week



10h45 ▪
6
min read ▪ by
Luc Jose A.

Between revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovation and a battlefield of regulatory and economic challenges. Here is a summary of the most significant news of the past week around Bitcoin, Ethereum, Binance, Solana, and Ripple.

The crypto news of the week

Ethereum surpasses Bitcoin in adoption

Ethereum is experiencing rapid adoption with a 3.3% increase in the number of holders in just three months and now reaches nearly 127 million active addresses. This surge is largely driven by the attraction of smart contracts, decentralized finance (DeFi), and NFTs. In comparison, Bitcoin remains stable with 54 million holders and a slight decrease of 50,000 addresses. This relative decline of Bitcoin raises questions about its ability to maintain its leadership as Ethereum continues to strengthen its central role in the crypto ecosystem. The upcoming Ethereum update, which aims to address scalability issues and reduce transaction fees, could further boost its adoption.

Ripple CEO supports Kamala Harris: a risky bet for XRP?

Brad Garlinghouse, CEO of Ripple, joined 87 other business leaders in signing a letter of support for Kamala Harris, a candidate for the US presidency. Garlinghouse sees in Harris an opportunity to reform crypto regulation in the United States, with the goal of making the country more competitive in this sector. However, this political support has not been well received by all Ripple investors. Some fear that this stance could negatively impact the company’s reputation and the value of its XRP crypto, which has already dropped by 2.78% in 24 hours. This decline could intensify if the controversy around this political support persists.

Solana in freefall!

Solana has experienced a difficult period with a continuous decline in its price for at least 9 consecutive days, marking a depreciation of 20% in just eight days. The crypto is stuck between $126 and $160, a critical zone that had previously raised hopes of a rebound but now seems to be trapping investors. Rebound attempts have failed to break the $160 resistance, and technical indicators like RSI signal an imminent oversell. Analysts remain divided on Solana’s future: some foresee a possible recovery if the crypto manages to break the current resistance, while others fear a further decline towards $126. For now, persistent volatility continues to curb any optimism, and caution remains advisable for investors.

Bitcoin: hashrate hits highs despite challenges

The Bitcoin network continues to show impressive resilience with its hashrate reaching 665 exahashes per second (EH/s) on September 4, 2024, only 12 EH/s below its all-time high. This performance comes despite a 2.99% increase in mining difficulty and a drop in miner revenue, who currently earn $41.69 per petahash per second, slightly up from early August. Miners manage to offset the revenue decline through high transaction fees, more efficient mining equipment, and financing via publicly traded stocks. However, with persistent economic difficulties, questions remain about the sustainability of these operations, and miners may need to explore innovative solutions such as the use of renewable energies or diversification into other technological sectors to remain profitable.

Mastercard revolutionizes crypto payments with a Bitcoin card

Mastercard is launching a new Bitcoin card allowing users to pay directly in cryptocurrency without converting their assets into fiat currency. In partnership with Mercuryo, this card allows users to spend their Bitcoins in over 100 million shops worldwide and offers unprecedented flexibility for crypto holders. The card is self-managed, meaning users retain full control of their wallets, thus enhancing the security of their transactions. However, it comes with issuance and maintenance fees that, nonetheless, remain acceptable for most crypto enthusiasts. This initiative is part of a broader strategy by Mastercard to integrate cryptocurrencies into everyday life, partnering with major players like MetaMask and Circle to offer innovative payment solutions.

Sui revolutionizes payments without Internet

The Sui blockchain, developed by Mysten Labs, inaugurates a new era for crypto payments by enabling transactions without Internet connection through the use of radio waves and other alternative channels. This innovative technology allows for funds to be sent even in the absence of a network, opening opportunities in regions where connections are unstable or non-existent. By leveraging technologies such as GSM, mesh networks, or satellite communications, Sui aims to reduce barriers to financial services, particularly for the unbanked and populations in remote areas. This approach goes well beyond simple financial transactions, with potential applications in the Internet of Things (IoT) and the management of decentralized infrastructures, as illustrated by similar projects like Helium Mobile and Wifi Dabba.

That’s the main takeaway for this week. But if you want a more detailed summary and in-depth analysis directly in your inbox, don’t hesitate to subscribe to our weekly newsletter.

Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Luc Jose A. avatarLuc Jose A. avatar

Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.




#Bitcoin #Binance #Ethereum #Solana #Ripple #Biggest #Crypto #News #Week

Want to see more news?

Johnny Walker

I love posting news feeds!

Related Posts

Ethereum News : ETH could decline to $2,200 amid rising US inflation and exchange reserves

Ethereum Price Today: $2,350 Ethereum price breached the $2,395 level following the US CPI data release. Ethereum ETFs recorded zero flows for the second time this week as bearish sentiment…

Ethereum News : Ether ETFs See Zero Inflows, Ethereum Foundation Continues Selling ETH

As the Ethereum price continues to face strong selling pressure, the spot Ethereum ETFs in the US continue to show their dull performance. #Ether #ETFs #Inflows #Ethereum #Foundation #Continues #Selling…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

This state suffered the most crypto losses in 2023 – 247CryptoReporter

This state suffered the most crypto losses in 2023 – 247CryptoReporter

Ethereum News : ETH could decline to $2,200 amid rising US inflation and exchange reserves

Ethereum News : ETH could decline to $2,200 amid rising US inflation and exchange reserves

NFT sales surge to nearly $83 million, signaling a potential market rebound NFT Cryptocurrency

NFT sales surge to nearly $83 million, signaling a potential market rebound NFT Cryptocurrency

Dogecoin News – Turn $100 into $100,000 Fast with These Altcoins!

Dogecoin News – Turn $100 into $100,000 Fast with These Altcoins!

Documentary suggests Bitcoin creator Satoshi Nakamoto is developer Peter Todd – 247CryptoReporter

Documentary suggests Bitcoin creator Satoshi Nakamoto is developer Peter Todd – 247CryptoReporter

Ethereum News : Ether ETFs See Zero Inflows, Ethereum Foundation Continues Selling ETH

Ethereum News : Ether ETFs See Zero Inflows, Ethereum Foundation Continues Selling ETH
Please enter CoinGecko Free Api Key to get this plugin works.