CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security. Source
Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports
Tag: Ether
Ether ETFs Likely Won't Get Approved in May, Bloomberg Analyst Predicts
Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products. Source
Fidelity Adds Staking to Ether ETF Application, Sending LIDO Up 9%
“According to the Registration Statement, the Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (“Staking Providers”),” Fidelity wrote in a 19b-4 form on Monday. Source
SOL, BOME Receive Most Attention on Crypto Social Media as Ether (ETH), Bitcoin (BTC) Prices Lag
Ether (ETH), the native token of the world’s leading smart contract blockchain, has declined 6.3% to $3,640 despite successfully implementing the Dencun upgrade. Meanwhile, bitcoin (BTC), the market leader, has held flat at around $68670, while the broader CoinDesk 20 Index has gained 0.7%. Original
Bitcoin, Ether drop puts crypto market on alert
According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in the last 24 hours and dipped to $65,565 during trading hours. Ethereum (ETH) also retraced more than 5% to around $3,566 before recovering slightly at press time. The total crypto market fell to $2.6…
Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says
The bank raised its price target for the crypto exchange to $150 from $95. Source
Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Say
CryptoX – Cryptocurrency Analysis and News Portal The bank raised its price target for the crypto exchange to $150 from $95. Source The post Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Say appeared first on CryptoX. CryptoX Portal
Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEck
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund. Source
QCP Capital Highlights Ether Price Pressure as ETH Holds Steady Above $4K Pre-Dencun Upgrade
Historically, network upgrades like Bitcoin’s Taproot and the Ethereum merge have had minimal impact on pricing under bearish and sideways market conditions, but with current market dynamics, there could be price reflexivity on Ethereum and its Layer 2s, potentially influenced by the already priced-in Dencun upgrade or a positive knee-jerk reaction, along with possible capital inflows into Layer 2 ecosystems, QCP analysts wrote in a Telegram interview with CoinDesk. Source
First Mover Americas: Ether Options Traders Prepare for Downside
The latest price moves in bitcoin (BTC) and crypto markets in context for March 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source