Tag: ETH

CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

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Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it said in a statement. Margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. The ability to carry out spot and derivative trading on the same platform will also increase efficiency. Cboe Digital president John Palmer said: “We…

SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

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Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data. After the substantial rally, Bitcoin could face headwinds in the near term as investors digest the macroeconomic data and events due this week. The Consumer Price Index data is set to be released on Nov. 14, followed by the Producer Price Index…

GBTC Discount Narrows With Spot BTC, ETH ETF Approvals Expected Soon

“Recent extreme market volatility showed Arbitrum is still the lead performer in the L2 race, capturing six times the 24-hour trading volume of Optimism, and 25 times that of Base,” Ben Yorke, WOO Ecosystem VP said in a note shared with CoinDesk, referring to layer-2 blockchains. “That said, what’s clear is that Ethereum is still ultimately the end boss, overseeing more than twice the volume of all Layer 2 scaling solutions combined – driven in part by the volatility surrounding Blackrock’s apparent filing for an ETH ETF.” Source

Poloniex suffers breach, BlackRock’s ETH

This week, Poloniex suffered a breach. BlackRock seeks to launch an Ethereum (ETH) ETF as it awaits a decision on the Bitcoin (BTC) application. BTC targeted $38,000 amid a sustained rally. Meanwhile, regulators reply to Binance. Poloniex hacked for $100m Poloniex faced a security hiccup on Nov. 10, as its hot wallet experienced an unauthorized outflow, resulting in a loss exceeding $33 million, according to earlier reports. Justin Sun, the current majority shareholder of Poloniex, affirmed that the exchange remains financially stable and pledged full reimbursement for the assets. The…

ETH spot volumes at highest level since FTX collapse 

According to a post from Kaiko, a leading source of cryptocurrency market data, analytics, indices, and research, dated Nov. 10 on X, spot volumes are on a positive uptrend. The promising numbers are believed to be a product of ETF excitement with news from BlackRock. A $6 billion spike Data shows that from lows of less than $1 billion in February of this year, spot volume, or the total amount of a particular asset or cryptocurrency that has been traded in the spot market within a specific timeframe has now…

Top 6 Bitcoin, ETH And Crypto Predictions For 2024: Matrixport

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Matrixport, a leading player in the digital asset space, released a research titled “2024 Unveiled: Six Micro and Macro Events That Will Shape Bitcoin” dated Thursday, November 9, 2023, shedding light on crucial events projected to shape the crypto landscape in 2024. The report highlights a mix of micro and macro events anticipated to positively impact the industry, with a particular focus on Bitcoin. Top 6 Predictions For Bitcoin And Crypto First, the report underlines the anticipation of the US Securities and Exchange Commission (SEC) approving a Bitcoin ETF. Notably,…

BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’

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The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect on the crypto market, helping ETH to get past the critical resistance of $2,000 for the first time in six months. ETH price chart. Source: TradingView Apart from ETH, other altcoins also saw significant gains…

Coinbase (COIN) Shares, ETH Liquid Staking Tokens Surge on BlackRock ETH ETF Application

COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded fund (ETF) recently. According to a Thursday report, BlackRock Advisors registered the iShares Ethereum Trust as a corporate entity in Delaware. BlackRock’s Application for Spot ETH ETF Sends Tokens Soaring The news was first greeted by an Ether urge…

Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing

Fees, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level last seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a small unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their transactions are included in the earliest block by network validators. Source