The recent approval of spot Ethereum ETFs in several countries has been the epitome of mainstream adoption of Ether’s ecosystem in the past nine years.
According to security experts, this recent transaction may be used for further illicit activities.
The recent uptick in open interest highlights a return of confidence among traders, possibly influenced by significant developments like the approval of Ethereum ETFs.
Simplifying the denomination helps reduce confusion and enhances the user experience.
Schiff expressed his concerns about gold and silver, stating that they are not immune to market sell-offs.
The ongoing crypto correction led by Ethereum triggered nearly $300 million in liquidations, mostly involving long traders.
10X Research identified Ethereum as a weak link in the crypto market, noting that its fundamentals, including user growth and revenue, have been stagnant or declining.
Ethereum is also following the same trajectory that Bitcoin did after the approval of the spot BTC ETFs earlier this year.
The recent Ethereum (ETH) paper focused on a few areas that could help builders win blocks and make money.
With its ETHW initiative, Bitwise expressed excitement aimed at supporting the ongoing efforts of those dedicated to improving Ethereum’s security, scalability, and usability.
Analysts estimate that the demand for Ethereum ETFs could reach between $5 to $10 billion in the first few months of trading.
After last week’s $45 million in inflows, Ethereum’s year-to-date inflows stand at a staggering $103 million. Ethereum ETF can prove to be an additional catalyst going ahead.
Giant whales are ready to dump over $120 million worth of ETH to profit from the ETH ETF launch speculation.
Unlike other altcoins, market sentiment around Ethereum remains on a high ahead of the looming ETF launch.
On July 16, 2024, US Judge Kevin Castel signed a document that reduced Virgil Griffith’s prison sentence from 63 months to 56 months.