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Tag Archives: ETH

Geopolitical Uncertainty Puts Bitcoin under Pressure, $100M in Liquidations

Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%. Bitcoin and the broader cryptocurrency market have come under selling pressure amid rising geopolitical uncertainties and a recent war eruption between Israel and Palestine. The developments led to more than $100 million in bull call liquidations in futures positions. Also, the broader cryptocurrency market slid by a staggering 2%. Interestingly, in comparison to...

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Ethereum Price Analysis: ETH Revisits Support As Bears Take Control

Ethereum price is struggling below the $1,640 resistance against the US Dollar. ETH price is now trading below $1,620 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,620. Ethereum price is declining below $1,620 against the US Dollar. ETH/USD remains at a risk of more downsides if it...

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Deribit Introduces Linear Options for SOL, XRP, and MATIC

Beyond its crypto options offerings, the exchange has set its sights on obtaining a brokerage license in the European Union (EU). Deribit, one of the world’s leading crypto options exchanges, has recently made a significant announcement that it is set to introduce options contracts linked to three prominent alternative cryptocurrencies: XRP, Solana (SOL), and Polygon (MATIC). This expansion initiative comes on the heels of Deribit’s continued efforts to cater to the evolving needs of...

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JPMorgan Analysts: Ethereum (ETH) Becomes Centralized with Staking Surge

The analysts stressed that centralization, whether caused by specific entities or inherent features of the protocol, presents significant risks to the Ethereum network. This In recent months, the Ethereum (ETH) staking ecosystem has witnessed significant growth following the implementation of the Merge and Shanghai upgrades, transitioning the network from proof-of-work to proof-of-stake blockchain. However, this surge in staking activities has posed challenges, as revealed in a recent...

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Ethereum Futures ETFs Underwhelm on First Day of Trading

By mid-day, the ETFs had seen less than $2 million in trading volume. According to the analyst, this was “about normal” for a new ETF but low when compared to BITO, the first Bitcoin futures ETF, which did $200 million in the first 15 minutes of trading. The highly anticipated launch of nine new Ethereum futures exchange-traded funds (ETFs) has come to a seemingly underwhelming end. The new products went to market on October 2 and are designed to track futures contracts tied to the value...

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Ethereum Price Analysis: ETH Revisits Key Uptrend Support

Ethereum price started a downside correction from the $1,750 resistance against the US Dollar. ETH price is now trading above $1,640 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,640 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,635 support zone. Ethereum price is declining below $1,750 against the US Dollar. ETH/USD remains at a risk of more...

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Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF

If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures.  Grayscale Investments, one of the world’s largest asset management companies, has submitted a formal request to the US Securities and Exchange Commission (SEC) for approval to convert the Grayscale Ethereum Trust (ETHE) into a spot Ethereum Exchange-traded fund (ETF). According to an official press release on Monday, the Form 19b-4...

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VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

The launch of EFUT marks the company’s second foray into the futures ETF market. US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies. According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE: EFUT) is structured as a C-Corporation. The investment vehicle is designed to be the sole ETF focused on ETH...

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Bitcoin Price Above 28,000 and Ether Above $1700 Wiping $70M in Shorts

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin...

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Vitalik Buterin Discusses Certain Changes to Ethereum Staking, What’s Coming Next?

Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereum’s liquid staking providers. In his recent blog post, Ethereum co-founder Vitalik Buterin shared his opinion on adding some protocols to the Ethereum blockchain code. He also touched upon the most important part which is the concentration of liquid staking service providers. Vitalik Buterin discussed several Ethereum protocols, including the account abstraction protocol ERC-4337, ZK-EVMs, private...

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