“Celsius will unstake existing ETH holdings, which have provided valuable staking rewards income to the estate, to offset certain costs incurred throughout the restructuring process,” the firm said in an X post. “The significant unstaking activity in the next few days will unlock ETH to ensure timely distributions to creditors.” Source
A wallet flagged as owned by Trump sent ETH to Coinbase in the past three weeks, where it was presumably sold. Source
The move came at a time where regulators in the U.S. started to heavily crack down on crypto companies, including Coinbase itself, which was sued and is still under investigation by the Securities and Exchange Commission (SEC) for allegedly violating federal securities laws. The exchange has moved to dismiss those allegations. Source
“Momentum has been consistently building in the Bitcoin builders space all year, and we are now seeing the markets reflect the excitement around the increased activity,” shared Muneed Ali, founder of Bitcoin development firm Trust Machines, in an email to CoinDesk. “Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before. Original
At press time, most open interest in bitcoin and ether options was concentrated in call options. In bitcoin’s case, a large concentration of open interest is seen in calls at $50,000, $40,000, and $45,000 strikes. In ether’s case, calls at $2,300, $2,400, $2,500 and $3,000 are the most popular. Source CryptoX Portal
At press time, most open interest in bitcoin and ether options was concentrated in call options. In bitcoin’s case, a large concentration of open interest is seen in calls at $50,000, $40,000, and $45,000 strikes. In ether’s case, calls at $2,300, $2,400, $2,500 and $3,000 are the most popular. Original
BTC dipped to $43,000 during the day following its breakneck climb to near $45,000 earlier this week, suggesting that traders took some profits after the largest crypto’s breakout from $38,000 a week ago. Recently, bitcoin was changing hands at around $43,300, down 1.1% over the past 24 hours. Source
Key derivatives market metrics show sophisticated traders are turning their attention to ether (ETH) from the recent market standout, bitcoin (BTC), hinting at a potential outperformance of Ethereum’s native token in the coming weeks. Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and an ESG-compliant label, has lagged big time, gaining just 35%, CoinDesk data show. The performance gap is even wider over larger time frames, with bitcoin boasting a 163% year-to-date gain versus ether’s 89%. Source
Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and ESG-compliant label, has lagged big time, gaining 35%, CoinDesk data show. The performance gap is even wider in larger time frames, with bitcoin boasting a 163% gain versus ether’s 89%. Original
The “whale,” a term for a large holder of any token, deposited 39,260 ether to Kraken in Asian morning hours, blockchain data shows. The address previously received 47,260 ether, worth just over $11 million at the time, from one transaction in 2017. Source