Deribit has over $2 billion in open interest in its perpetual and futures markets within the past 24 hours. Since 2020, the exchange has accounted for 70% of the $35.7 billion of the total $51.1 billion Bitcoin options trading volume in April 2024.
The broad crypto industry is expecting the green light for spot Ethereum ETF trading. It was earlier speculated that the Commission would give approval for the offering to go live on July 15 but it was not exactly so.
Kaiko said that the arrival of spot Ethereum ETf could further improve the liquidity conditions for ETH. Additionally, it could also help in reducing ETH price volatility over time.
The supply of Ethereum (ETH) on crypto exchanges is gradually declining as the staked Ether increases, thus escalating the supply crisis.
Analysts agree that the launch of ETH spot ETFs could act as a major catalyst for Ethereum price in the coming months.
Analyst Bluntz predicts Ethereum must reach $2,800 and complete an ABC corrective pattern before a significant upswing to $8,000.
While other crypto mixers have been shutting down amid regulatory pressures, Railgun has seen increased adoption and support.
The total number of staked ETH has continued to increase and sits near its all-time high as it stands at 33.3 million ETH or 27.7% of the total supply.
Despite the price volatility, market sentiment appears cautiously optimistic as evidenced by on-chain and derivatives metrics.
The Ethereum whale has just made a notable withdrawal of 16,449 ETH, approximately $50.3 million, from the Binance crypto exchange.
With the launch of the spot Ethereum ETF trading approval in view, Ethereum price has started kicking off.
Grayscale has kept the distribution process of the ETH Trust shares pretty straightforward for all the existing ETHE shareholders. The ETHE shareholders won’t need to initiate any extra action to receive the ETH trust shares.
$28.86 million Ether shorts and $29.61 million ETH longs were liquidated in the past 24 hours.
Golem’s ETH liquidations have the potential to significantly impact the market.
Ethereum is also facing major selling pressure. The cryptocurrency is trading around $2,830 zone.