While interest in ether bets has risen significantly, an ETF could create sustained rather than explosive growth for the second-largest cryptocurrency by market value, some traders said. As of Tuesday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex had submitted applications for an ether ETF. Source
Lido Staked Ether has surpassed XRP to become the sixth-largest cryptocurrency, with a market cap of over $31 billion. Lido Staked Ether’s (stETH) bullish market is largely attributed to Ethereum’s significant gains this month, as the second-largest cryptocurrency reached $3,200 today and a 40% surge for the token in February alone. Dune analytics data shows that Ether deposits on Lido are nearing 10 million ETH, as the protocol hasn’t seen any net outflows since Dec. 19th. Currently, Lido Staked Ether accounts for 35% of all EH deposits on EigenLayer, one…
The largest crypto by market cap broke out from its trading channel, hitting $53,600 during mid-morning U.S. trading hours, CoinDesk data shows. At press time, BTC was changing hands at $53,100, up 3.8% over the past 24 hours. The broad-market CoinDesk20 Index (CD20) advanced 2.3%, topping the 2,000 level for the first time. Original
But all of its social media accounts were scraped on Sunday. The team itself was anonymous. Onchain researcher @somaxbt said the apparent stolen funds came from over 750 wallets. Nearly $500,000 worth was later sent to the swapping service ChangeNow, $360,000 to crypto exchange MEXC, and $187,000 to Bybit. Source
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders. Source
Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval […] Original
Reddit said it acquired major cap cryptocurrencies, including Bitcoin, for varying reasons and has received digital asset payments for limited services since at least 2022. Social network Reddit holds Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) according to its initial public offering (IPO) filing with the U.S. SEC on Feb. 22. The company said it experiments with blockchain technology and crypto tokens, complying with disclosure requirements as it plans to go public under the ticker RDDT. We invested some of our excess cash reserves in Bitcoin and Ether and also…
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On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 […] Original
The Chicago Mercantile Exchange (CME) announced the upcoming launch of euro-denominated micro Bitcoin and Ether futures, set for Mar. 18, pending regulatory clearance. This follows the successful launch of U.S. dollar-denominated micro Bitcoin futures in May 2021 and micro Ether futures in December 2021. CME had previously introduced regular euro-denominated Bitcoin and Ether futures contracts in August 2022, alongside options products for these cryptocurrencies. Micro futures contracts will be one-tenth the size of their respective underlying assets. This provides a more accessible option for investors seeking exposure to Bitcoin (BTC)…