Last week, trading volume on Solana-based decentralized exchanges (DEXs) dropped by more than 10%. In contrast, Ethereum’s network saw a 12% increase in trading volume. Additionally, the Base blockchain’s trading volume rose by 11%, and Sui’s volume surged by 77%. Over the past week, trading volumes on Solana’s decentralized exchange (DEX) platforms have dropped by…
Ethereum (ETH)-linked ETFs have seen their first positive weekly inflow, with $104.76 million coming in during the third week of trading. This is a notable achievement for these ETFs. However, since their launch in July 2024, Ethereum’s price has been quite unstable. In the last 30 days, it has dropped nearly 18%, falling from about…
After a severe crash over the past 48 hours, the crypto market, led by Bitcoin (BTC) and Ethereum (ETH), rebounded strongly today. The total crypto market cap increased by about 5%, surpassing $2 trillion during the early Asian session on Tuesday. Ethereum saw a notable recovery, bouncing back from a crucial support level of around…
Ethereum has been severely affected by the recent market downturn, which has wiped out half a trillion dollars from the crypto sector. The price of Ethereum dropped 23% in under 24 hours, despite the recent launch of the first spot Ethereum exchange-traded funds (ETFs) in the U.S. Ethereum fell from about $2,900 late on Sunday…
Cryptocurrency traders believe that Ether’s next move is crucial not only for its own price but also for Bitcoin. Ether is currently holding onto a critical support level and is at a tipping point. If it fails to maintain this support, it could lead to a decline below $2,800, which could have broader implications for…
Despite Grayscale’s Ethereum Trust experiencing cumulative outflows of over $2 billion, daily net inflows into U.S. spot Ethereum ETFs have recently turned positive. This shift in investment trends is attracting attention in the crypto community. Many analysts believe that Ethereum ETFs are likely to follow a trajectory similar to that of Bitcoin ETFs. This perspective…
Two market experts recently updated their predictions for Ethereum, suggesting that it could potentially reach as high as $100,000. These very optimistic forecasts are in line with some of the predictions made by financial institutions. Ethereum maximalist Adriano Feria has boldly predicted that Ethereum could hit $50,000 in this market cycle, following a similar prediction…
Ethereum (ETH) began the week with strong upward momentum, and its open interest in derivatives has surged past $11 billion. Financial market analysts attribute this increase to the recent approval of Ethereum ETFs, which has significantly heightened investor interest in the cryptocurrency. Ethereum Open Interest Surges Past $11 Billion Amid ETF Approval Recent data from…
Vitalik Buterin has addressed worries about Ethereum becoming centralized, especially claims by Péter Szilágyi. He assured that the Ethereum team is focused on keeping the network decentralized and detailed their efforts to achieve this. Vitalik Buterin has stepped in to address concerns about Ethereum’s dedication to decentralization. The issue started when Péter Szilágyi, a key…
The cryptocurrency market is approaching a critical week, influenced by several important factors. A major point of focus is the forthcoming decision by the U.S. Securities and Exchange Commission (SEC) regarding the Spot Ethereum ETF. An expert has highlighted that this decision could cause significant shifts in market trends and impact investor confidence. Key Market…
BlackRock, Franklin Templeton, and VanEck are set to launch Ether ETFs, with Bitwise projecting $15 billion in inflows for these new funds within the next 18 months. The SEC has given preliminary approval to three asset managers for their spot Ether ETFs, which may start trading next Tuesday. The final step is for these firms…
Renowned crypto analyst Michael van de Poppe forecasts that altcoins could increase by 5 to 10 times their current value. Over the past three months, only 33% of the top 50 altcoins have outperformed Bitcoin. Van de Poppe also expects Ethereum to reach $8,000, driven by rising institutional interest and the upcoming ETF launch. After…
Last night, Ethereum outperformed Bitcoin, with its price surging by 7.38% and forming a strong bullish engulfing candle that pushed it above $3,400. Additionally, the SEC has remained silent on the recent S-1 submission, with final versions expected by Wednesday. As the recovery rally gains momentum, Ethereum’s trend appears to be reversing. This raises the…
Ethereum’s price is rising, and it’s a hot topic in the crypto world. Currently, ETH is trading at $3,153.15, up by 11.63% from its lowest point in the past week. So, why is Ethereum heading towards the $4,600 mark? Let’s break it down. Ethereum’s recent price recovery is part of a larger market rebound. Over…
Justin Sun has increased his Ethereum holdings by purchasing $5 million worth of ETH. The price of Ethereum remains steady above $3,000, as anticipation builds for the approval of the upcoming spot Ethereum ETF. Ethereum whale activity has intensified following Justin Sun’s $5 million purchase. As the approval of the Ethereum ETF nears, whale activity…
An Ethereum whale has transferred 16,449 ETH (valued at $50.3 million) from Binance, causing a stir in the market. This significant move occurred as ETH surpassed the $3,000 mark. According to Spot on Chain, this is the first time the whale has moved such a large amount of ETH to a different wallet, sparking discussions…
Issuers of the spot Ethereum ETF are set to submit their S-1 forms by Monday, allowing the SEC to review them once again. ETF Store President Nate Geraci anticipates that approval could come within the next two weeks. Ethereum (ETH) price is facing significant selling pressure as the anticipated approval of spot Ethereum ETFs approaches….
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary…
The price of Ethereum (ETH) dropped by another 3.72% on Sunday, June 23, due to a general market correction. Despite this drop, it might be a good time to buy ETH at a low price, as its value could soon go up. This is because spot Ethereum ETFs are expected to start in just two…
Ethereum (ETH), the top smart contract platform, has been significantly affected by Bitcoin’s (BTC) decline. The potential approval of a spot ETF in Ethereum had led to a price increase. While a similar rise was expected in Ethereum, as seen with Bitcoin recently due to the spot ETF effect, what is the current situation with…
According to Animoca Brands Chairman Yat Siu, Hong Kong is exploring the integration of staking rewards into spot Ethereum ETFs. Siu believes there is a possibility that the staking issue will be approved by the end of this year. He mentioned that discussions about Ethereum staking are ongoing and that the approval of staking in…
VanEck says that Ethereum is becoming a strong competitor to Google and Apple as both an application and finance platform, and it will start to take over their market share. According to VanEck, Ethereum (ETH) will reach $22,000 within six years due to ETF approvals, better scaling, and solid on-chain progress. In a Wednesday report,…
Cryptocurrency investors enjoyed a positive weekend as analyst Jelle forecasted Ethereum’s readiness for a $4,200 test. Jelle’s optimism is fueled by expectations of potential ETF launches, indicating a promising outlook for Ethereum’s future. Cryptocurrency investors had a good weekend as altcoins saw a rise, bringing smiles to many faces. Gaming-focused cryptocurrencies, in particular, experienced significant…
BlackRock updated its Form S-1 for its spot Ether ETF, signaling progress towards potential ETF launches, which analysts view positively as a step forward in collaboration between issuers and the SEC. Analysts suggest that United States spot Ether (ETH) exchange-traded funds (ETFs) could potentially launch by late June, following BlackRock’s update of a crucial filing…
The possible approval of Spot Ethereum ETFs has become a hot topic in the financial world. Many industry experts are sharing their thoughts on when the U.S. Securities and Exchange Commission (SEC) might approve them. Nate Geraci, the host of the ETF Prime podcast, recently mentioned that the approvals could happen within a few weeks….
On Thursday, people on Polymarket bet over $13 million on whether the SEC would approve Ethereum ETFs. Afterward, they debated if the approval actually took place. The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs, sparking a new debate about what “approved” really means. This argument was particularly intense on Polymarket,…
Ethereum has seen a remarkable recovery following a new stance from the SEC regarding the Ethereum Spot ETF. The token surged by 18% in the past 24 hours, reaching its highest value of the month. Currently, Ethereum is priced at $3,659.60 with a market cap of $439.5 billion. Just moments before this surge, ETH was…
The world’s second-largest cryptocurrency, Ethereum (ETH), has surged 20% in the past 24 hours, showing strong bullish momentum. This rise comes as there is increasing optimism about the approval of a spot Ethereum ETF. The SEC’s encouragement for ETF issuers to submit their 19b-4 filings has fueled large-scale buying by whales. As a result, ETH…
Digital asset trading and custody firm Prometheum has started its controversial Ether (ETH) custody service, which treats ETH as a security. The service was soft-launched on May 17 to a few select companies, with a full launch planned for June. According to a May 20 report from Fortune, the rollout is part of Prometheum’s plan…
Ether (ETH) surged 18% in 24 hours because of new speculation that spot Ether exchange-traded funds might be approved this week, despite months of uncertainty. Bloomberg ETF analysts Eric Balchunas and James Seyffart said there are rumors that the U.S. securities regulator is asking applicants to hurry up with their 19b-4 filings. Because of this,…
ArkInvest and 21 Shares previously included a staking component in their filing for an Ethereum ETF. However, in a recent update posted on Friday, it seems that they have removed this component from the filing. Cathie Wood’s ARK Invest and 21Shares won’t be including staking in their proposed Ethereum exchange-traded fund (ETF). Staking Component Removed…
Grayscale has pulled its Ethereum futures ETF application with the SEC, submitted on September 23, 2023, citing repeated delays. The SEC’s latest postponement, on March 22, added to the frustration. Grayscale’s past win against the SEC on Bitcoin futures ETFs shaped its Ethereum ETF strategy. Grayscale, a top player in managing cryptocurrency assets, has made it…
The cryptocurrency market is experiencing a notable surge, led by Bitcoin, with Ethereum also showing significant growth. According to crypto expert John Doe, the market is dynamic, with new developments unfolding regularly. Let’s delve into what’s happening in the world of cryptocurrency, particularly the recent surge in Bitcoin and Ethereum. Both of these digital currencies…
Hong Kong’s Bitcoin ETFs have launched, and their success depends on how investors navigate tight regulations. The news has already boosted Bitcoin’s price by 2%, now trading at $63,700. These ETFs mark a milestone for Hong Kong’s push to become a regulated digital asset hub. Hong Kong’s Bitcoin ETFs enable swapping assets for fund units…
Insiders reveal that the US Securities and Exchange Commission (SEC) is likely to reject the approval of spot Ethereum Exchange-Traded Funds (ETFs) next month. The SEC’s approach towards approving these ETFs has been uncertain, with delays and a lack of interest in specifics. Sources familiar with the matter suggest that the SEC’s stance on categorizing…
The price of Ethereum has maintained its gains above the $3,120 resistance level. There’s potential for ETH to experience a rally in the near future if it manages to surpass the $3,280 resistance zone. Ethereum has continued its upward movement beyond the $3,220 resistance level, with the price trading above $3,165 and the 100-hourly Simple…
Amendments are slowing down SEC decisions for both BlackRock and Grayscale, despite experts indicating the agency’s limited involvement. The SEC will delay rulings on BlackRock and Grayscale’s spot Ethereum (ETH) exchange-traded fund (ETF) applications, each valued at $3,229. The SEC announced delays in deciding on Grayscale’s application and in making amendments to BlackRock’s application just…
Ethereum’s price fell below $3,000, prompting increased whale activity on Binance. Despite the dip caused by the Israel-Iran conflict, Ethereum swiftly rebounded, exceeding $3,150. This recovery is driven by whales purchasing substantial amounts during price drops. Matrixport bought $50 million ETH on Binance, capitalizing on price dips below $3,000. Top Ethereum whales follow suit, leveraging…
Ethereum (ETH) saw unusually large transactions as big investors became active during a price rebound. The price of Ethereum, one of the leading cryptocurrencies, has been highly volatile in the last day. Following a sudden drop yesterday, where millions of dollars’ worth of positions were sold in a short time, Ethereum’s price fell by 3.1%…
Bitcoin (BTC) surged by 2.73% on Monday, reaching a closing price of $71,315. Notably, attention is drawn to BTC-spot ETF market flow data for April 8 and April 9, which could impact investor decisions as the Bitcoin halving event approaches. Additionally, factors such as FOMC member discussions, SEC activities, and developments among US lawmakers should…
Derivatives traders are eyeing higher strike prices for Ethereum by the end of April as Ether surged 8% to around $3,700 in spot crypto markets on Monday. This uptick in price was accompanied by increased social sentiment and optimism among traders. Over the past 24 hours, Ether’s price has seen an 8% gain, reaching an…
Over the past day, Ethereum has seen a big jump, making traders optimistic about its future. They believe it could go even higher than $4,000. Ethereum (ETH) is off to a strong start this week as cryptocurrencies bounce back after a rough patch. Over the past day, Ethereum has risen by 6.83%, bringing its weekly…
On Wednesday, April 3, Bitcoin (BTC) went up by 0.72%, reaching a closing price of $66,062. This increase was influenced by positive US economic indicators and the flow of BTC-spot exchange-traded funds (ETFs) on April 2 and April 3. Looking ahead to Thursday, investors should pay attention to BTC-spot ETF market flow data, discussions among…
In the last 24 hours, there’s been a big increase in people wanting to sell Ethereum (ETH) instead of buying it, which shows a lot of negative feelings about its future. Because of this, the price of ETH might drop below $3,000 soon. After bouncing back last week and reaching over $3,600, Ethereum (ETH), the…
Ethereum is doing well as more people are getting involved, with the number of Ethereum addresses reaching an all-time high. Although it faced some drops recently, Ethereum is bouncing back, now trading at around $3,615, with a market value of $433 billion. The recent increase in the number of Ethereum (ETH) accounts holding a balance…
The Ethereum price is showing signs of a potential rebound after a healthy pullback, as it forms a bullish pattern indicating a likely uptrend. The Ethereum price may encounter significant selling pressure around the $3700 level, potentially forming a head and shoulders pattern before the next upward movement. Despite a trading volume of $13 billion,…
According to GSR, a crypto market maker, the chance of a spot Ethereum ETF getting approval in May has dropped to 20%. Analyst Brian Rudick stated in a note on Wednesday that they now believe there’s only a 20% likelihood of the SEC approving such an ETF next month. Drop in Likelihood of Spot Ether…
Ethereum, the second-largest cryptocurrency globally, is encountering a significant challenge. There’s speculation that the U.S. Securities and Exchange Commission (SEC) might label its main cryptocurrency, Ether (ETH), as a security. This uncertainty has raised concerns about the risks of investing in Ethereum, given the unclear regulatory landscape. This uncertainty has led to concerns about the…
Grayscale’s legal head highlighted that the issues facing a spot Ethereum ETF are akin to those encountered with Bitcoin ETFs. Consequently, they feel less SEC discussion is required for approval. Craig Slam of Grayscale reassured that despite Ethereum’s security classification, their case for an ETF remains robust. Grayscale’s Chief Legal Officer Advocates for Ethereum ETF…
Geoffrey Kendrick of Standard Chartered suggests that Spot Ethereum ETFs might receive approval by May 23. If greenlit, these ETFs could usher in a substantial $45 billion influx within the initial year. According to Standard Chartered Bank, Spot Ethereum exchange-traded funds (ETFs) might still secure approval by their original deadline of May 23. Despite doubts…