Cryptocurrency
Ethernity Chain Unveils $10 Million Grant Program to Empower Founders

[PRESS RELEASE – Los Angeles, United States, September 10th, 2024]
Ethernity, the leading entertainment-focused Layer 2 blockchain solution, proudly announces a $10 million grant program dedicated to revolutionizing the entertainment and creator economy through development of Ethernity’s Layer 2. This substantial investment aims to support developers, founders, and startups building the future of digital entertainment on the Ethernity Layer 2 ecosystem.
Fuelling Innovation in Entertainment and the Creator Economy
The Ethernity Grant Program is designed to fuel groundbreaking projects that elevate the entertainment landscape, offering financial support, strategic mentorship, and valuable business resources. By focusing on enhancing the creator economy, Ethernity empowers brands and founders to leverage blockchain technology for new levels of engagement, security, and monetization.
Program Focus Areas:
- Games and Entertainment Products: Innovative games and interactive experiences that push the boundaries of digital entertainment.
- Blockchain Infrastructure: Tools, protocols, and infrastructure enhancements that strengthen the Ethernity ecosystem for entertainment applications.
- Entertainment Infrastructure: Projects that integrate global entertainment brands with blockchain, enabling new business models and fan experiences.
- DeFi Tools: Financial applications tailored to the needs of the entertainment industry, providing new ways to monetize and secure digital assets.
- RWA’s and Collectibles: Cutting-edge digital assets and marketplaces that redefine ownership and engagement.
- Education and Outreach: Initiatives that promote blockchain adoption and educate the creator community.
How to Apply
The program is open globally to developers, startups, and organizations whose projects align with Ethernity’s mission to disrupt the entertainment industry through innovative products. Applicants are encouraged to submit detailed proposals outlining their project objectives, milestones, and potential impact.
What Grant Recipients Will Receive
Grant recipients will receive financial backing to accelerate project development, access to mentorship from entertainment and blockchain experts within Ethernity’s network, and support with marketing and PR to enhance visibility. They will also benefit from technical resources, including tools, SDKs, and dedicated technical support, as well as opportunities to connect with venture capitalists for further investment and growth.
“Ethernity is committed to fostering a dynamic ecosystem that supports the next generation of entertainment and creator-focused technologies,” said Nick Rose Ntertsas, CEO of Ethernity. “This $10 million grant program is a significant step in empowering innovators and creators to bring their visions to life on the blockchain.”
For More Information and Application Details
Developers, creators, and organizations are invited to apply for the Ethernity Grant Program and join a pioneering movement to transform entertainment and the creator economy through blockchain technology.
For more information and to apply, users can visit https://www.ethernity.io/grants
About Ethernity
Ethernity is a Layer 2 blockchain solution designed specifically for the entertainment industry and the creator economy. It offers AI-powered security and Digital Rights Management (DRM) to protect intellectual property on-chain. With a robust infrastructure and strong partnerships, Ethernity is poised to become the leading web3 platform for entertainment, providing a secure, scalable, and user-friendly environment for creators and brands.
Website: Ethernity.io
Twitter: @EthernityChain
Telegram: EthernityChain
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Cryptocurrency
BTC Price Stabilizes After FOMC Meeting as Israel-Iran Conflict Awaits Trump’s Next Move: Your Weekly Crypto Recap

It was another eventful week in the overall scheme of things, but bitcoin and crypto remained relatively resilient and even stable in terms of prices.
It all started last Friday morning when Israel launched a missile attack against Iran, killing over 70 people in the process, including several high-end commanders and nuclear scientists. Given the surprise nature of the attack, it was no wonder that BTC’s price tumbled in response, going from over $108,000 to under $103,000 in minutes.
The situation continued to escalate in the following days, with Iran retaliating and Israel doubling down on its attacks. The US President Donald Trump was vocal on the matter, urging Iran to make a nuclear deal before it’s too late.
Despite the increasing tension, BTC’s price actually recovered some ground and spent the next few days around $104,000-$105,000. It skyrocketed once the business week started and jumped to $109,000 on Tuesday. However, that was a short-lived rally, and its price dropped immediately to $103,500.
The focus turned to the US Fed, which concluded its latest FOMC meeting on Wednesday. To the surprise of no one, it left the interest rates unchanged, and bitcoin’s price remained flat at around $104,000.
On Friday, though, BTC started to gain some traction and spiked above $106,000 for just the second time this week. It currently hovers around that level amid reports that Iran is considering inserting certain limitations on its Uranium program. Such a price tag means that bitcoin is actually slightly up on a weekly scale.
The top performer in this regard from the larger-cap alts is WBT, which set a new all-time high earlier this week. Despite retracing slightly since then, it’s still 45% up weekly. Bitcoin Cash trails behind with a 17% surge, while UNI is third with a 6.6% jump.
In contrast, HYPE has slipped by over 7% in the same timeframe, followed by ADA (-5%), SUI (-5%), and DOT (-6%).
Market Data
Market Cap: $3.406T | 24H Vol: $103B | BTC Dominance: 61.8%
BTC: $106,100 (+1.2%) | ETH: $2,560 (+0.8%) | XRP: $2.17 (+1.5%)
This Week’s Crypto Headlines You Can’t Miss
Justin Sun’s Tron to Go Public in the US: Report. The warm relationship between Tron’s Justin Sun and the current US presidential administration seems to be paying off. According to a recent report, the blockchain project is planning to go public in the US through a reverse merger with SRM Entertainment.
GENIUS Act Clears Senate, Setting the Stage for Stablecoin Oversight. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate with an overwhelming 68 to 30 vote on June 17. The bill now needs to be approved by the House, which is controlled by the Republicans.
Ethereum Breaks Records: 35M ETH Staked, 22.8M Held Long-Term. Although ether’s price has stagnated recently, the token is continuously being staked and transferred to long-term holders, who are less inclined to sell.
Not Enough Bitcoin: What Does The Skyrocketing Ancient BTC Supply Tell Us? The available supply of bitcoin seems to be drying up. According to a recent report by Fidelity, an average of 566 BTC per day is falling into a long-term “ancient supply” bucket, while the daily issuance rate of BTC is just 450.
Bitcoin at $100K Shows Institutional Dominance, Not Retail FOMO. On-chain data reveals that retail investors are still missing, as the smaller transactions are lacking. This means that bitcoin’s price is being supported above $100,000 mostly by institutional players, as the network activity shows primarily large transactions.
They Keep Buying: Strategy, Metaplanet, Genius. It wasn’t really a surprise on Monday when Michael Saylor announced the latest BTC acquisition by Strategy, which is back in the billions of dollars. Before the NASDAQ-listed company, Metaplanet also outlined its latest bitcoin purchase, while Genius Group expanded its BTC holdings by 52% despite some regulatory issues.
Charts
This week, we have a chart analysis of Binance Coin, Ripple, Cardano, Hype, and Solana – click here for the complete price analysis.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Bitcoin Price Analysis: BTC Breakout Looms – Is $100K or $110K Next?

Bitcoin continues to hover in a consolidation range after failing to break above the $110K resistance. The broader market remains uncertain, with spot and derivatives data suggesting mixed sentiment.
As the weekly close approaches, the price action is squeezed between dynamic supports and a persistent supply zone. This phase could precede a significant breakout or breakdown depending on how liquidity behaves in the coming sessions.
By ShayanMarkets
The Daily Chart
On the daily timeframe, BTC has formed a triangle pattern, with almost equal lows near $100,000 and lower highs marking sustained selling pressure. The key trendline support from March remains intact, keeping the price inside the larger ascending channel.
The asset is currently attempting to stabilize near $106K, with the RSI hovering around 51, a neutral level indicating a balanced momentum. If the buyers fail to push above the descending resistance and the $110K supply zone, downside liquidity below $100K may become a target.
The 100 and 200-day moving averages are rising and converging for a bullish crossover, indicating the long-term bullish structure remains intact. However, the fact that BTC has been rejected multiple times from the $110K area makes that zone a critical decision point.
A daily close above it would shift the structure bullish again, while a breakdown below the orange trendline support may accelerate a move toward the lower boundary of the large channel.
The 4-Hour Chart
In the 4H chart, BTC has rebounded from a local low of $103K, leaving a significant pool of liquidity behind. The price is now pushing back into a fair value gap (FVG) in the $106K zone, which is now acting as a supply barrier. Moreover, the RSI is trending higher at 55, showing mild bullish momentum, but the bearish trendline overhead still caps any impulsive move.
A breakout above the FVG with strong volume could open the path to retest $110K. Otherwise, if sellers defend this area again, we may see a sweep below $103K, aiming for the $102K and even $100K liquidation zones. The short-term structure leans slightly bullish, but the market remains range-bound between liquidity pools.
Spot Sentiment Analysis
Spot Taker CVD
The Spot Taker CVD chart over the 90-day view shows a return to aggressive buying dominance (green), following a long period of neutral and sell pressure. This shift indicates that market buyers are stepping back in with confidence, absorbing sell orders at current prices. Historically, when CVD flips green after extended red or grey phases, it precedes upward continuation.
This renewed spot demand suggests that large buyers are positioning themselves during this range phase. If this behavior continues while the price holds above key supports, it could lead to a strong breakout. However, if the CVD starts to flatten or turn red again without price advancing, it may indicate exhaustion and foreshadow another sweep of downside liquidity or even a full-blown bearish reversal.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Ethereum Price Analysis: ETH Consolidation Continues as Bullish Momentum Starts to Fade

Ethereum has entered a consolidation phase after a strong rally in the last couple of months. The price has been ranging between key support and resistance zones, with multiple failed attempts to break above the $2,700–$2,800 region.
Despite the lack of immediate trend continuation, on-chain fundamentals such as exchange reserves hint at significant structural shifts. This sets the stage for potential volatility ahead as the market prepares for its next directional move.
Technical Analysis
By ShayanMarkets
The Daily Chart
On the daily timeframe, ETH remains inside an ascending channel, consistently finding support around the $2,400 area while struggling to break above the $2,800 mark.
The upper boundary of this channel, combined with the 200-day moving average and a key order block formed in February, is acting as a heavy resistance element. Each test of this level has led to a rejection, but so far, the structure hasn’t broken down, indicating that bulls are still in control for now.
Momentum, however, is weakening. The RSI hovers around the midline at 51, reflecting indecision and a lack of strong directional drive. If ETH can reclaim the upper range and flip the $2,700–$2,800 area into support, it could initiate a new leg higher toward $3,000 and above. On the flip side, a breakdown below $2,400 would shift the bias bearish, exposing the $2,150 support zone.
The 4-Hour Chart
Zooming in on the 4H chart, ETH is still grinding within the same rising channel. After the recent drop from $2,875 to $2,430, the price retraced into the 0.5–0.618 Fibonacci zone, but has been rejected to the downside and is now consolidating below it. This area, between $2,600 and $2,700, has repeatedly acted as a supply zone, rejecting bullish attempts multiple times. For short-term traders, this remains the key level to flip.
Until this resistance breaks, ETH may continue its range-bound behavior. The RSI has recovered slightly from oversold conditions, now sitting near 52. While this suggests a slight uptick in momentum, there’s still no clear sign of bullish dominance. If the bulls fail to break above this key fib zone soon, another drop toward the lower boundary of the channel near $2,400 is likely.
Sentiment Analysis
One of the most important long-term signals for Ethereum remains the consistent downtrend in exchange reserves. Currently sitting at 18.8 million ETH, this is one of the lowest levels in recent history. Exchange reserve data indicates how much ETH is held on centralized trading platforms, meaning a downtrend signals that coins are being withdrawn into self-custody, staking, or cold wallets.
Historically, sustained drops in exchange reserves suggest a supply squeeze narrative building beneath the surface. Fewer tokens on exchanges reduce the available selling pressure and can lead to explosive upside when demand rises.
Even as ETH struggles to break out technically, this silent accumulation phase shows confidence among long-term holders. If this trend continues, it may act as a powerful tailwind once technical resistance levels are finally breached.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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