Advertisement     The price of Ethereum’s native token, Ether (ETH), has struggled to gain upside momentum since the beginning of 2024. The world’s second-largest crypto by market cap even recently hit an over 42-month low against Bitcoin (BTC). However, the head of macro research at Global Macro Investor, Julien Bittel, remains optimistic about…
Advertisement     Ethereum (ETH) experienced a notable surge on Friday, fueled by Bitcoin’s recent performance, which saw the leading crypto asset reclaim the $63,000 mark. ETH traded at $2,663 at press time, marking a 4% increase in just 24 hours. This uptick has sparked renewed optimism among analysts, predicting further gains for ETH…
Starknet community approved a dynamic minting curve for STRK tokens. The minting curve adjusts token supply based on staking participation levels. Starknet Foundation can modify minting parameters to manage inflation and rewards. The Starknet community has successfully passed a proposal to implement a dynamic minting curve for STRK tokens, a significant move to balance staking…
Advertisement     Ethereum (ETH) experienced a slight downturn on Wednesday, in tandem with a broader cryptocurrency market decline led by Bitcoin (BTC), which fell 7.59% over the past 24 hours to trade at $54,354 at the time of writing. Earlier in the day, ETH, the second-largest cryptocurrency, dropped approximately 8%, briefly touching $2,300…
VanEck is closing its Ethereum Futures ETF (EFUT) by September 16, 2024. The EFUT saw low asset accumulation as compared to VanEck’s spot Ethereum ETF. Generally, Ethereum is facing challenges from competition and reduced network revenue and fees. VanEck is set to close its Ethereum Strategy ETF (EFUT) by September 16, 2024, with liquidation expected…
Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows. Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant…
Vitalik Buterin clarifies ETH sales were for projects and charity, not profit. He held 325K ETH three years ago but now holds 240K ETH. Buterin has also defended Ethereum’s support for DeFi amid criticisms from some in the space. Ethereum co-founder Vitalik Buterin has come out to address allegations surrounding his sales of Ether (ETH),…
Advertisement     Franklin Templeton, one of the first companies to issue a spot Bitcoin exchange-traded fund (ETF) in the United States, is pushing deeper into digital assets with a new ETF designed as a diversified crypto portfolio. Franklin Templeton submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for…
Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and…
Advertisement     $4.9 trillion asset manager Fidelity has filed an amended S-1 registration statement with the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF). Fidelity has removed staking plans from their updated ether proposal ahead of approaching deadlines for such ETH-based products. This adjustment is expected to…