News

👀 VanEck Chief Defends Ethereum Against Recent Attacks, What’s In for ETH Price?

VanEck Chief Matthew Sigel said Ethereum faces challenges with L2 solutions capturing transaction fees thereby putting pressure on ETH price.

Amid strong criticism for the Ethereum blockchain and its underperformance this year, VanEck head of digital assets – Matthew Sigel – has come out defending the network while citing its strong economic model. The ETH price has also been subject to criticism failing to show enough traction even after the launch of the spot Ether ETFs in July 2024.

🤔 Ripple CEO Brad Garlinghouse Has Good And Bad News For XRP Community

Ripple CEO Brad Garlinghouse is bullish on RLUSD stablecoin launch, partnership and XRP growth offshore US, and crypto as bipartisan issue.

Ripple CEO Brad Garlinghouse in a latest interview revealed bullish and bearish news for the XRP community and the crypto market. Amid notable developments in the US SEC v Ripple case, Garlinghouse talked about stablecoin launch plans, favorable regulatory developments offshore US, and crypto bipartisanship.

📈 Elon Musk Confirms “DOGE” Post Donald Trump Speech, Dogecoin Jumps

Elon Musk confirmed DOGE as a cabinet role should Donald Trump win the presidential elections. Dogecoin price jumps over 5%.

Following Elon Musk’s claim that he can’t wait to audit U.S. Federal Agencies under Donald Trump, a peculiar X post by the American entrepreneur caught nationwide attention on Saturday. The Tesla & SpaceX CEO confirmed the name “DOGE,” short for Department of Government Efficiency, reaffirming his plans to join the Trump team as an advisor should it win the 2024 U.S. presidential elections.

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Markets

📊 Crypto Prices Today Sep 7: Bitcoin Crashes To $53K, Altcoins Plummet In Sync

The crypto prices today raise alarming concerns with the release of U.S. jobs data sparking volatility. BTC, ETH, SOL, & XRP crack 4%-7%, while market awaits recovery.

The broader market witnessed a price crash as U.S. jobs data and recession fears sparked volatility. Bitcoin (BTC) price sunk to the $53k level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 4-7%. The global market cap noted a nearly 5% decline in value to $1.90 trillion today. However, the market volume surged 54.81% to $98.3 billion, stirring investor speculations.

📈 Can Bitcoin Price Rally After This Correction

Friday's weak Jobs data led to Bitcoin price crash and $300 million in liquidations. Will Bitcoin rally after this correction?

Bitcoin price has crashed nearly 4% after Friday’s weak US Nonfarm Payrolls (NFP) data. The US jobs report came in cooler than expectations, tilting the odds in bears’ favor. As a result, BTC and the broader crypto markets tanked, leading to $300 million in liquidations on September 6.

🐳 ETH Whales That Sold ATH Are Selling Again, What’s Next for Ethereum Price?

Ethereum price today trades at $2,285 and may struggle to recover soon despite Bitcoin showing signs of a potential bottom formation.

Ethereum price today trades at $2,286 after crashing 6% in the past 24 hours. Investors must be cautious as ETH whales that sold during the 2021 bull run and around the all-time high (ATH) are selling again.