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Read More »Spot ETF Inflows to Have Weaker Effect on Ether Than Bitcoin – CryptoQuant
The first wave of spot Ethereum exchange-traded funds (ETFs) in the United States debuted on July 23, with inflows running above $100 million. While the positive flows signal a strong start for the funds, ether (ETH) may not witness the parabolic uptrend bitcoin (BTC) saw after asset managers launched its ETFs earlier this year. In CryptoQuant’s latest weekly crypto report, on-chain experts explained that new money flows into digital asset products like ETFs would have a...
Read More »Ethereum Price Analysis: Will ETH Charge Toward $3.5K or is Another Crash Incoming?
Ethereum has recently faced a notable rejection and experienced a 13.3% decline after breaking above the 100-day moving average. The price is currently struggling to break below the 200-day MA, indicating a notable bearish sign if the breakout occurs. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that after breaking out above the critical 100-day moving average at $3,354 and a brief period of consolidation, it experienced a significant...
Read More »Ethereum ETFs Are Not Like Bitcoin ETFs (So Far)
A few months after the SEC gave the initial green light, the spot Ethereum ETFs officially hit the ground last Tuesday. However, the immediate results have been quite underwhelming, and one can’t help but compare them to the spot Bitcoin ETF launch in January this year. ETH ETFs Vs. BTC ETFs CryptoPotato reported earlier this week that the nine spot Ethereum ETFs had a solid first day, gathering more than $106 million in net flows. As expected, the converted Grayscale fund...
Read More »Here’s The Aftermath After the First Trading Days of the Spot Ethereum ETFs
Although we still have a long way to go in 2024, this year has already been quite eventful for the cryptocurrency industry and not only for Bitcoin. The second-largest digital asset also received a massive dose of validation earlier this year when the US Securities and Exchange Commission greenlighted almost ten exchange-traded funds tracking its performance. The first several days of trading, though, have been quite underwhelming. The ETH ETFs were initially greenlighted a...
Read More »Ethereum Foundation Wallet Transfers Over $290 Million in ETH After 7 Years
A wallet associated with the Ethereum Foundation has transferred 92,500 ETH, worth $294.9 million, after being inactive for nearly 6.6 years. According to Lookonchain, these tokens have been held at the same address since 2017. The Transfer Details On-chain data indicates that the ETH was originally received from the Ethereum Foundation on September 1, 2015. The transfer, recorded on July 25, occurred just minutes after a smaller transaction of 1 ETH from the same wallet....
Read More »Crypto Market Update: Ethereum ETF Fails to Push ETH Price Higher, Traders Turn to RCOF for Fresh Profits
The cryptocurrency market has been buzzing with activity following the recent launch of Ethereum exchange-traded funds (ETFs), which attracted significant attention but failed to ignite a major price surge for Ethereum (ETH). This lackluster performance contrasts sharply with the more substantial impact seen from the launch of Bitcoin ETFs. As a result, traders are now shifting their focus to other opportunities, such as the rising interest in RCO Finance (RCOF), in search of fresh profit...
Read More »BTCC Exchange Introduces Up to 50x Leverage on Over 300 USDT-Margined Trading Pairs
[PRESS RELEASE – VILNIUS, Lithuania, July 26th, 2024] In a significant move this July 2024, BTCC has launched up to 50x leverage on over 300 USDT-margined trading pairs. This development follows the successful introduction of 500x leverage on major trading pairs, including BTC, ETH, XRP, SOL, and DOGE. BTCC has now decided to elevate the futures trading experience by increasing the available leverage from 20x to 50x, setting a new standard in the crypto trading world where...
Read More »Bitstamp Begins Repayments to Mt. Gox Creditors
Bitstamp, one of the five exchanges chosen by Mt. Gox’s bankruptcy estate to effect reimbursements to its creditors, began the process on Thursday. The repayments kicked off three days after Mt. Gox wallets conducted test transactions with and subsequently sent funds to Bitstamp. Bitstamp is sending bitcoin (BTC), Bitcoin Cash (BCH), and Ether (ETH) to creditors who were assigned to the exchange for reimbursements. Most creditors are expected to have their assets within a week after the...
Read More »Ripple and Solana Steal the Show as Ethereum ETF Launch Disappoints: This Week’s Crypto Update
It’s been an interesting week for the cryptocurrency industry. Although its total capitalization has remained largely unchanged, a lot has happened that deserves our attention, so let’s get into it. Right off the get-go, the United States Securities and Exchange Commission finally gave the last regulatory nod of approval for spot Ethereum ETF issues to launch their products. This was a highly-anticipated moment for many ETH investors, but the price took a nosedive following...
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