Tag: ETH

Ether (ETH) Could Avoid Security Designation With Centralization Risk Easing, JPMorgan Says

Staking platform Lido’s share of staked ether (ETH) has continued to fall, which should reduce concerns about concentration in the Ethereum network, raising the chance that ETH won’t be designated as a security in the future, JPMorgan (JPM) said in a research report on Wednesday. “The share of Lido in staked ETH has decreased further from around one third a year ago to around a quarter at the moment,” analysts led by Nikolaos Panigirtzoglou wrote. The Hinman documents, which were released last June, “revealed the role of network decentralization in…

VanEck Eyes $1 Trillion Market Cap As ETH Stalls

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Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to soar to the aforementioned market valuation by 2030. Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew Sigel, the head of digital research. Specifically, the bold forecast…

US Govt Moves $90M In Bitcoin, ETH From Estonian Scammers

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In the early US hours, Arkham Intelligence reported that the United States government had transferred over $90 million worth of Bitcoin and Ethereum, previously seized from two Estonian nationals involved in a vast cryptocurrency fraud and money laundering scheme. This move captured the attention of the cryptocurrency community, just days after the transfer of approximately $2 billion in Bitcoin related to the infamous Silk Road marketplace. Arkham Intel, utilizing its advanced tracking technology, noted that just two hours ago, the US government executed multiple transactions involving the seized digital assets.…

U.S. SEC Calls for Comments on Spot ETH ETFs

Despite rising hopes after the agency’s approval of bitcoin spot ETFs in January, industry analysts have become less optimistic that the regulator will follow suit with the products tracking Ethereum’s (ETH). The commission had been pressured into abandoning its earlier opposition of the bitcoin applications after a key loss in a court dispute with Grayscale, and SEC officials had argued that their resulting approval of bitcoin ETFs doesn’t apply to other tokens. Source

Ethereum Price Drops To Support, Another Chance To Load ETH?

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Ethereum price faced rejection and dropped from the $3,650 zone. ETH retested the $3,320 support and might start another increase. Ethereum started another decline and traded below the $3,500 support zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,450 resistance zone. Ethereum Price Dips Again Ethereum price struggled to continue higher above…

Bitcoin’s (BTC) Volatility Overtakes Ether’s (ETH) as Halving Nears

The consensus is that halving is bullish as it halves the pace of supply expansion, creating a demand-supply imbalance in favor of a price rise, assuming the demand side remains unchanged or strengthens. Bitcoin chalked out stellar rallies, setting new record highs over 12-18 months following the previous halvings, which occurred in November 2012, July 2016, and May 2020. Source

Bitcoin (BTC) and Ether (ETH) Prices Remain Stable as the Crypto Market Looks Calm Ahead of Bitcoin Halving

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“BTC and ETH showed relatively calm movement last week compared to other weeks in March, with weekly realized volatility hitting below 50%,” Jun-Young Heo, a derivatives trader at Singapore-based Presto Labs, said in an email interview. “However, as the Bitcoin halving event is expected to happen around April 20, implied volatility of front-month options remains elevated above 75%.” Original

Lazarus laundered $174m in ETH stolen from HTX, moved assets to Bitcoin

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Despite being blacklisted by OFAC, the Tornado Cash mixer continues to operate, helping North Korea-linked hackers in laundering millions of stolen crypto. The DPRK-affiliated hacking group Lazarus Group successfully laundered hundreds of millions of dollars worth of Ethereum (ETH) stolen from HTX (formerly Huobi) and Heco Bridge in November 2023. Taylor Monahan, the founder and CEO of MyEtherWallet, revealed in an X post on Mar. 28 that the hackers had successfully laundered over 48,194 ETH (currently valued at ~$170 million) through Tornado Cash, a mixing service sanctioned by the Office…