Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum,…
Tag: ETH
Solana (SOL) Looks Overbought Against Ethereum (ETH); BTC-Gold (XAU) Ratio Stuck in a Downtrend
Some savvy traders see an overbought RSI, especially on longer duration charts, as a sign of bullish solid momentum or evidence of the path of least resistance being on the higher side. As the adage goes, the RSI can stay overbought longer than bears can stay solvent. Source
What It Means For ETH Price?
Este artículo también está disponible en español. According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.” In January 2024, these addresses held about 11.5 million ETH. Related Reading The rapid increase in ETH held by accumulation addresses suggests that sophisticated investors may anticipate a rally in the…
Ethereum Derivative Market Sees Over 50,000 ETH Inflow, Price Fall Imminent?
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…
Survey Finds Almost 70% Of Ethereum Institutional Investors Engaged In ETH Staking
Este artículo también está disponible en español. Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms and asset managers. Related Reading Notably, slightly more than one out of five institutional investors – or 22.6% – of the respondents said that ETH or an ETH-based…
Bitcoin Price (BTC) Decreased 1.2% While Ether Price (ETH) Fell 0.4% From Wednesday
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Grayscale Looks to Turn Multi-Token Fund Tracking BTC, ETH, SOL Among Others Into ETF
“Grayscale is always looking for opportunities to offer products that meet investor demand. Occasionally, Grayscale will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are available,” a spokesperson told CoinDesk. Source
Coinbase (COIN) Escalates U.S. SEC Fight Over the Agency’s Inside Chatter on ETH
Coinbase hired History Associates Inc. to pursue SEC communications under the Freedom of Information Act – a process that initially concluded with the agency denying the request by citing that the documents were connected to an ongoing investigation. Coinbase’s hired gun eventually sued over the denial, and History Associates is preparing to ask the U.S. District Court for the District of Columbia to force the hand of the agency, which has since suggested the reason for its initial denial may no longer be valid. Source
Bad Decisions By Ethereum Foundation Hurt ETH Price: CIO
Este artículo también está disponible en español. Zaheer Ebtikar, the Chief Investment Officer (CIO) and founder of Split Capital—a hedge fund specializing in liquid token investments—has attributed the Ethereum underperformance over the last months to strategic missteps by the Ethereum Foundation and structural shifts in crypto capital flows. In an analysis shared via X (formerly Twitter), Ebtikar writes, “Independent of the myriad of (probable) bad decisions that the ETH foundation & co have made there’s another structural reason why ETH has traded like a dog this cycle.” Why Is The…
ETH, SOL eye new highs; Expert explains why ZircuitDEX is better choice
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market eyes Ethereum and Solana, experts are tipping ZircuitDEX as a smarter investment, with its presale offering massive growth potential. As the crypto market heats up, many are watching Ethereum and Solana, wondering if they’ll hit new peaks this bull run. Yet, an expert reveals why ZircuitDEX (ZDEX) might be the smarter choice. Could this lesser-known coin outperform the giants? The analysis uncovers which cryptocurrencies are…