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.
The surge in Layer 2 adoption can be traced back to the recent green light given to spot Ethereum ETFs by the US SEC.
The approval of spot Bitcoin ETFs in the US led to a 70% surge in Bitcoin prices in two months. If history repeats, Ether could reach its all-time high near $6,000 by July’s end.
The recent Ethereum price dip appears to be a classic case of “buy the rumor, sell the fact” behavior. Experts forecasts that Ether price could jump by more than 60% soon, driven by growing interest from institutional investors in futures.
The decrease in the burn rate has pushed the number of circulating coins to its highest level since early March, currently averaging 120,000 ETH.
While the expiration of the 375,000 BTC and ETH options, with a combined valuation of close to $3 million, may influence market dynamics, the overall impact is uncertain.
USDe aims to rival the likes of Tether’s USDT and Circle’s USDC, the top two stablecoins by market capitalization.
The recent 20 percent rise of Ethereum price against the United States dollar has rejuvenated calls for anticipated altseason.
WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW), will give investors access to Bitcoin and Ethereum while being fully backed by the actual assets.
Despite the competition, Ethereum’s ecosystem benefits from a rich developer community and a vast array of dApps that drive its value and utility.
The Ethereum network is staking a substantial portion of Ether’s supply, unlike Bitcoin. On-chain data indicates that staking contracts lock over 27% of the total Ether supply, generating yield for their owners.
Rumors surrounding the possible approval of ETH have been more intense lately.
Ethereum spearheaded the altcoin rally, driven by renewed optimism about the approval of spot ETH ETFs by the US SEC.
The open interest for the monthly expiry of Ethereum options has surged to $3.2 billion with the call-to-put ratio favouring the buy options.
An Ethereum whale deposited 15,000 ETH to crypto exchange Kraken sparking speculations of a major dump ahead of the spot Ethereum ETF decision ahead this week on May 23.
Most of the losses came from traders who had taken long positions, hoping for a rise in the value of BTC and Ether.