Category: ethereum
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USDT Minting On Ethereum And Tron Falls From $7 Billion To $1 Billion In 6 Months
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Despite being pumped into spot market prices, Tron has not escaped the wrath of the bulls after hitting its peak in February. Like other altcoins such as Solana and Ethereum, which surged to 2024 highs in March, Tron has been in the red for the last month of trading and…
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Ethereum ETF Dream On Hold: SEC Rejects Applications (Again)
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Ethereum fans have been heading into a Fourth of July fireworks celebration of a different kind: the launch of the first Ethereum spot trading fund. Related reading Investor enthusiasm waned when the U.S. Securities and Exchange Commission unexpectedly reinstated the applicants’ proposals, delaying the long-awaited offering. Missed exit: July ETF…
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Ethereum ETF Dream On Hold: SEC Rejects Applications (Again)
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Ethereum fans have been heading into a Fourth of July fireworks celebration of a different kind: the launch of the first Ethereum spot trading fund. Related reading Investor enthusiasm waned when the U.S. Securities and Exchange Commission unexpectedly reinstated the applicants’ proposals, delaying the long-awaited offering. Missed exit: July ETF…
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Ethereum Price Heading For $3,360 – Can Key Support Levels Sustain The Uptrend?
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Ethereum (ETH) is currently facing a critical test as it approaches the key support level at $3,360. This price point has emerged as an important marker in recent trading sessions, with… Market participants We are watching closely to see if ETH is able to maintain its position or if further…
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Ethereum Price Heading For $3,360 – Can Key Support Levels Sustain The Uptrend?
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Ethereum (ETH) is currently facing a critical test as it approaches the key support level at $3,360. This price point has emerged as an important marker in recent trading sessions, with… Market participants We are watching closely to see if ETH is able to maintain its position or if further…
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Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst
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Ethereum, the second largest cryptocurrency by market cap, has seen a significant drop in value recently. Over the past month, its price fell by 15%, raising concerns among investors about the future of this digital asset. The current situation raises questions about whether this decline indicates a prolonged decline or…
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Ethereum Price Hints at Upside: Analyzing The Bullish Signals
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Ethereum price is trying to make a new high above the resistance area at $3,420. Ethereum is now struggling to clear the resistance levels at $3,480 and $3,520. Ethereum price is slowly rising above the $3,420 area. The price is trading above the $3,400 level and the 100 hourly simple…
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SEC May Approve Spot Ethereum ETF By July 4
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Credit: watcher.guru The cryptocurrency industry has been eagerly awaiting the launch of an Ethereum exchange-traded fund (ETF) in the United States. According to recent reports, the US Securities and Exchange Commission (SEC) may grant approval to Ethereum ETFs as early as July 4, 2023. This development comes after ongoing discussions…
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Still Ultrasound Money? Here’s How Much Ethereum Supply Has Inflated Since Dencun
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Ethereum’s status as an ultra-money system is becoming increasingly questionable as the days go by, especially as its supply continues to increase at a high rate. Since mid-April 2024, about a month after the Ethereum network underwent the Dencun upgrade, more than 112,000 ether (ETH) have been transferred. He added…
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Still Ultrasound Money? Here’s How Much Ethereum Supply Has Inflated Since Dencun
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Ethereum’s status as an ultra-money system is becoming increasingly questionable as the days go by, especially as its supply continues to increase at a high rate. Since mid-April 2024, about a month after the Ethereum network underwent the Dencun upgrade, more than 112,000 ether (ETH) have been transferred. He added…
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Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?
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Bitwise Investment Manager (CIO) Matt Hogan I recently discussed inflows into the United States Ethereum ETFs It can attract. Specifically, he mentioned the amount that could flow into these funds in the first 18 months of trading. Ethereum ETFs Record $15 Billion in First 18 Months of Trading Hogan mentioned…
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Spot Ethereum ETF Approval Process Progressing Smoothly
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In an interview at the Bloomberg Investment Summit, SEC Chairman Gary Gensler expressed confidence in the approval process for Ethereum ETFs, though he did not provide a specific timeline. He also declined to comment on how the current administration’s stance on cryptocurrencies might affect the upcoming elections. The Spot Ethereum…
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Spot Ethereum ETF Approval Process Progressing Smoothly
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In an interview at the Bloomberg Investment Summit, SEC Chairman Gary Gensler expressed confidence in the approval process for Ethereum ETFs, though he did not provide a specific timeline. He also declined to comment on how the current administration’s stance on cryptocurrencies might affect the upcoming elections. The Spot Ethereum…
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Ethereum ETF update: Speaking at Bloomberg Invest, CFTC chair Gary Gensler says application is ‘going smoothly’
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Securities and Exchange Commission Chairman Gary Gensler belied his impatience when answering reporters’ questions about cryptocurrencies, including his agency’s handling of applications to launch Ethereum ETFs. Speaking with journalist Anne-Marie Hordern at a Bloomberg Invest event in New York on Tuesday, Gensler accused his interviewer of chasing “clicks” after she…
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Ethereum Foundation Falls Victim To A Hack: This Happened
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The Ethereum Foundation has confirmed a major security breach involving its official email system which is managed through a third-party service provider, SendPulse. Tim Pico, a prominent figure at the Ethereum Foundation, Starch An alert on social media platform X, revealing that the “updates@ethereum.org” mailing list has been hacked. This…
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Solana And Ethereum Meme Coins Drag Investors Into A Slow Death, Is There Still Hope?
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As the price of Bitcoin fell from the $70,000 level to below $64,000, memes understandably suffered as a direct result. During this time, meme coins, both large and small, saw their prices drop significantly, raising concerns about whether or not the summer of meme coins was over. However, given the…
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Will Ethereum Skyrocket? Analyst Predicts $6,000 By September
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Popular cryptocurrency analyst Degentrading (@degentradingLSD) made a bold prediction that the price of Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to perform poorly despite the imminent launch of the Ethereum price. Immediately in…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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NFT sales drop 12% as Ethereum dominates, Polygon surges
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The NFT market continues to decline, with sales down 12% last week. Recall sales fell 16% over the previous week. according to CryptoSlamsales over the past seven days totaled just under $100 million and involved more than $785,000 buyers and sellers in 1.4 million transactions. Ethereum leads the pack Blockchains…