Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
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.
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.