“As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk,” Tim McCourt, global head of equity and FX Products at CME Group said in the statement. “Our new Ether options will offer a wide array of clients greater flexibility and added precision to manage their ether exposure ahead of market moving events,” he added. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ✅ Sign Up for FTX: Users will receives $15 on first convert trades of over $150 free and 10% off on all trading volume on spot trading. Hey ET Fam! Happy Monday! I hope the weekend has been as epic for you all as it has been for me. It seems that the relief pump has been continuing, and now people are slowly being lulled back into believing that we’re back to the regularly scheduled bull market. I hate to be the…
Los traders de futuros de fondos de la Fed ya no ven que el banco central cambie a recortes de tasas el próximo año, según Michael Kramer, de Mott Capital Management, sino que esperan que las tasas alcancen un máximo de alrededor del 3,7 % en marzo y permanezcan allí hasta fines de 2023. El mes pasado, el banco central elevó la tasa de interés de referencia en 75 puntos básicos (0,75 puntos porcentuales), lo que aumentó el rango a 2,25%-2,5%. Source
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbase’s annual income by $80 to $100 million from staking services. As the Financial Giant’s Market Strategists Focus in on The Merge, JPMorgan Analyst Says Staking Revenue Could Bolster Coinbase In 29 days, the Ethereum network is expected to implement The Merge on or around September…
Traders of Fed fund futures no longer see the central bank switching to rate cuts next year, according to Mott Capital Management’s Michael Kramer. Traders expect rates to peak around 3.7% by March and remain there until late 2023. Last month, the central bank raised the benchmark interest rate by 75 basis points (0.75 percentage point), lifting it to the 2.25%-2.5% range. Original
Avalanche (AVAX) price breaches an uptrend lingering in the ascending parallel channel for two months now. AVAX price dips below the ascending channel, breaching an uptrend for two months Avalanche price slides further down to $25 Price tagged in the buy zone but lacks impetus to maintain the ascending parallel channel Even though AVAX was able to break above $30, the coin wasn’t able to fill in the cracks to $40. At first, support seen at $28 controlled…
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few weeks outperformed the price of Bitcoin (BTC) but has shown bearish signs indicating the ETH price could be set to retest the nearest support. Ethereum (ETH) Price Analysis On The Weekly Chart Weekly ETH Price Chart | Source: ETHUSDT On Tradingview.com From the chart, the price of ETH saw a weekly low of $1,700, which bounced from that area and rallied to a price…
Crypto traders’ appetite to speculate on the potential Ethereum hard fork remains muted on exchanges that listed ETHPOW. Source
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency. It suggested that such an act could cause greater risk in the long run. The official notice was signed by Prudential Authority CEO Fundi Tshazibana. In the past, certain South African banks had cut ties with crypto asset service providers (CASPs) — as they are called in the document — due to unclear regulations or a high-risk factor.…
“Through such prestigious collaborations, we are creating win-win partnerships for partner brands and also the users through real-world rewards and perks,” Chief Marketing Officer Shiti Ragosti told CoinDesk. “STEPN also realizes its mission of taking the world of Web3 to wider sporting communities through these collaborations and partnerships onboarding more users.” Source