Holders cumulatively bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023. Source
Ethereum ETF Approval Could Spur 60% Rally as ETH Buying Increases
Tag: ETH
Bitcoin (BTC), Ether (ETH) in Stasis as SEC ETF Decision Looms, Nvidia (NVDA) Hits Record High
“The SEC should approve U.S.-listed ETH ETFs today. Hours before the Bitcoin ETF approval, SEC Gensler tweeted that crypto investors should consider all potential risks before making any investment. Today, a tweet could come around 9 a.m. ET. and would provide more clarity on whether approval would be imminent,” Markus Thielen, founder of 10x Research, said in a note to clients. Original
Analyst Highlight Positive Bias In ETH Options Across All Expiries
Recent developments in the crypto market indicate a strong bullish sentiment among Ethereum traders, particularly in the options market. Amid the growing anticipation for potential approvals of spot Ethereum exchange-traded funds (ETFs), there has been a noticeable shift in option pricing, with Ethereum call options becoming more expensive than put options across all expiries. This pricing pattern suggests the market is optimistic about Ethereum’s price prospects. Notably, A call option gives the holder the right, but not the obligation, to buy an asset at a specified price within a specific…
Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Bitcoin (BTC) Is Coming to Ethereum (ETH) Stalwart MetaMask: Sources
MetaMask helps users navigate such a smart contract-based environment. Since early last year, similar functionality has been added to Bitcoin, including NFT-like Ordinals and Runes, which enabled the creation of meme coins on Bitcoin. Whether MetaMask support will help users traverse these Bitcoin enhancements is unclear. Original
Ether (ETH) Price Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
“Lyra options markets are implying a ~20% chance of ETH reaching $5,000 by June 28,” Nick Forster, Lyra’s founder and a former Wall Street options trader, told CoinDesk in an email. “There is a 20% chance of ETH moving above $5,500 by July 26, as traders have increased positioning post the ETF speculation.” Source
WisdomTree (WT) Gets Green Light to List Bitcoin (BTC), Ether (ETH) ETPs on LSE
The FCA introduced a ban on crypto derivatives products including ETPs in January 2020. However, with such products being widely available in Europe for several years and following the U.S. spot ETFs listing approvals, the regulator adjusted its stance. It is keeping the ban in place for for retail investors. Source
Ethereum’s ETH Price Rally Prompts $300M Inflows to Crypto Exchanges, Likely a Sign of Profit-Taking
Tuesday was also the third day in a row of inflows, marking a break from the general trend of decreasing ETH balance on exchanges, Nansen data shows. The last time ETH experienced consecutive days of inflows to exchanges was in March, near this year’s peak in crypto prices. Source
Bitcoin (BTC) and Ether (ETH) Among Cryptos to be Accepted By Trump Campaign
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Gala Games Hacker Returns $23M in ETH; Founder Proposes ‘Buy and Burn’
The change of fortunes leaves Gala with an unexpected $23 million windfall in ETH tokens. “We will probably buy and burn on galaswap,” said the project’s CEO Eric Schiermeyer, also known as Benefactor, in its Discord server. That means using the ETH to buy GALA tokens and then taking those tokens out of circulation. Source