Tag: Ether

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

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Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ NeutralCurrent price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed…

DeFi Protocol Conic Finance Hacked for 1,700 Ether

Each Omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost Curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, as is Conic (CNC), Conic’s native token. Source

Celsius could repay all claims if Bitcoin, Ether prices rose 2X — Simon Dixon

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Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by the Bank of the Future suggests that the troubled crypto lender could likely repay the claims if the price of Bitcoin (BTC) and Ether (ETH) — two assets held by the firm — doubled their current market prices. Simon Dixon, the founder of Bank of the Future — a crypto-centered investment firm — tweeted the estimated price BTC and ETH would need to reach for Celsius…

Crypto survey finds 47% of investors expect Ether to ‘surpass’ Bitcoin

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Fidelity Digital Assets released a “Q2 2023 Signals Report” on July 18, which claimed that Ether’s outlook for the next 12 months and the long term is positive. Year-to-date, Ether (ETH) has gained 62%, but while the investment firm might be short-term bullish on Ether, that does not mean it believes that the month-long bullish channel will be sustained. While institutional investors like Fidelity Digital Assets may have a bullish longer-term vision for ETH’s price, let’s compare their analysis against network and market data to see if they’re on the money. Ether/USD…

Stader Labs Debuts Ether Staking Product With 6% Yield

“While the Ethereum staking ecosystem is already mature and features multiple protocols and services, it’s somewhat centralized today as the top three entities have more than 50% ETH staked on them while the predominant liquid staking protocol has roughly 90% market share,” said Amitej Gajjala, CEO at Stader Labs, told CoinDesk in a message. Source