Staking yields have dropped to 3.5% from above 5% in the last few months, the report said. Source
Investor Demand for Ether Staking Yields Has Slowed: Coinbase
Tag: Ether
Ferrari to accept Bitcoin, Ether as payment for luxury cars
Italian luxury car manufacturer Ferrari has decided to include cryptocurrency as a payment option in response to demands from dealers and the market. The Maranello, Italy-based company will start accepting purchases of its luxury cars using crypto in the U.S., with plans to expand the new payment option in Europe in the first quarter (Q1) 2024, Reuters reported. The company’s chief marketing and commercial officer, Enrico Galliera told the publication that many of Ferrari’s clients are crypto investors, and including crypto as an option will enable the company to connect…
ProShares prepares to launch unique Short Ether Strategy ETF
ProShares introduced a trio of Ethereum futures ETFs in the recent weeks. Presently, the company is gearing up to provide a distinctive offering. ProShares’ Short Ether Strategy ETF (SETH) from the fund group is poised to commence trading shortly, following the debut of the initial Ethereum futures ETFs by about two weeks. SETH, scheduled for listing on the NYSE Arca exchange, aims to achieve daily investment outcomes that mirror the inverse of the daily S&P CME Ether Futures Index performance, as indicated in a filing made on Friday, Oct. 13.…
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates. Source
Bitcoin Drops Below $27K, Ether Stable as Jim Cramer Pokes Bearish Calls
Ether showed signs of stability after a nearly weeklong decline. Source
Ether Could Hit $8K by End of 2026: Standard Chartered
Emerging uses for the Ethereum network in gaming and tokenization should help drive a 5X in ether’s price over the next three years, said the bank. Source
Bitcoin (BTC), Ether (ETH) Options Order Books Signal Calm Amid Mounting Risks
Still, bitcoin and ether continue to trade largely steady. Bitcoin, the leading cryptocurrency by market value, has been locked in a narrow range of $27,000- $28,500 this month. Ether, meanwhile, remains stuck in the two-month range of $1,550- $1,750. Source
Bitcoin (BTC) Prices Circle $27.5K, Ether (ETH) Bulls Lose $30M as Altcoins Drop
“Technically, bitcoin remains in an uptrend but ran into resistance at its 200-day moving average over the weekend,” the analysts said. “All eyes will be on BTCUSD to see if it can successfully consolidate above $28,000, the 200-day moving average. If it does, we can expect a quick rise to as much as $29,500.” Source
CoinDesk Digital Asset Recap Q3 2023: Bitcoin and Ether Outperform
Looking within sector quarterly performance with the CoinDesk DACS framework, the trends and preferences towards larger capitalization tokens are less clear. Over Q3 of 2023, Computing (CPU, +3%) and DeFi sectors (DCF, -8%) were relative out-performers, while Smart Contract Platform (SMT, -13%), which contains Ether, and Culture and Entertainment (CNE, -22%) were relative under-performers. See the chart below for a full sector performance breakdown for Q3 of 2023. Source
Crypto Liquidations Total Over $100M as Bitcoin (BTC), Ether (ETH) Prices Drop
The liquidations happened as crypto prices tumbled as the fight between Israel and Hamas and rising turmoil in the region jolted investors, weighing on risk assets. The largest digital asset, bitcoin (BTC), was down over 2% before climbing back to $27,600. At one point, ether (ETH) slid almost 5% and large-cap cryptocurrencies solana (SOL), Polygon’s native token (MATIC) and Polkadot’s (DOT) endured 6% to 7% declines. They rebounded some later. Original