Tag: Ether

Bitcoin $BTC, Ether $ETH Prices Stuck in ‘Wind Tunnel’

Bitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader Paul Brody discussed the professional services giant starting an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability. Christoph Jentzsch, corpus.ventures CEO and Slock.it founder, also joined the conversation. Source

The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?

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On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend. ETH price holding key support Ether’s price recovered modestly to $1,920 on May 7 after testing its 50-day exponential moving average (50-day EMA; the red wave) near $1,850 as support a day ago. Moreover, the price volatility dropped on Kraken in…

ETH Liquid Staking Protocol Lido Finance Deposits Surpass 6M Ether After Shanghai Upgrade

Lido has not yet activated withdrawals, pending the release of its version (v)2 protocol upgrade expected later in May. Given the nature of liquid staking, users who want to withdraw from the platform can just sell their stETH derivative token on exchanges. As the token’s price tracks closely to ETH’s, Lido likely isn’t facing significant withdrawal pressure, Kunal Goel, an analyst at crypto research firm Messari, wrote in a report Wednesday. Source