Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains. Source
PEPE Leads Meme Coin Rally as Ether Nears $4K
Tag: Ether
Ether Emerges as the New ‘Internet Bond’ Amid Booming Interest in Crypto Assets
With over $10 billion in inflows in less than two months, the spot bitcoin ETF is already considered the most successful product launch in ETF history, drawing widespread mainstream attention to the exciting crypto asset class. With its supply cap of 21 million tokens, bitcoin’s narrative as “digital gold” or a store of value is easily understood. Now, investors are asking, “What’s next?” Source
Ether (ETH) Price Could Hit $10,000 or Higher After Being ‘Overshadowed’ by Bitcoin (BTC), Analyst Says
Late November 2020, BTC was knocking at its all-time highs at $19,000 in, while ETH was hovering below $600, some 60% lower than its 2018 peak. A few weeks later, when BTC decisively broke above its former record price, ETH embarked on a multi-month rally to eventually hit a $4,400 peak in May. Source
SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications
The SEC wants to know if the applications for ETFs that hold Ethereum’s ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs. Source
Bitcoin Nears Silver Market Cap as BTC Price Tops $67K; Ether (ETH) Hits New 2-Year High Amid DOGE, SHIB Rally
Last week, bitcoin-focused exchange-traded products as a group attracted “massive inflows” of $1.73 billion, their second largest week on record, asset manager CoinShares reported Monday. ETH focused funds were also in demand, recording $85 million in net inflows, the report added. Source
Ether (ETH) Prices Are Being Driven by US Investors, Indicator Shows
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 takes over XRP in market cap as Ethereum reached $3.2k
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…
Bitcoin (BTC) Price Blasts Past $53K, Ether (ETH) Nears Two-Year High
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
Blast Ecosystem Sees First Apparent Scam as ‘RiskOnBlast’ Rug Pulls $1.3M Ether
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
Ether ETFs Unlikely to Cause a 'Bubble,' Traders Say
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders. Source