Tag: Ether

‘Is Ether a commodity or a security?’

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Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing.  In an April 18 hearing on oversight of the SEC, Representative McHenry used his opening statement to bring up the commission’s “punishing” of digital asset firms through regulation by enforcement without a clear path to compliance. The congressman reiterated calls for U.S. lawmakers to provide “clear rules of the road” for crypto through legislation. In addition, he pressed SEC…

Exchanges Receive $375M Influx of Ether Since Ethereum Shanghai Upgrade as ETH Price Hits 11-Month High

Before the upgrade, some crypto watchers worried that the event would flood the market with millions of unlocked ETH and crash the second largest cryptocurrency’s price, although others predicted little impact or that the price would rise. News of a seamless implementation pushed ETH’s price above $2,100 the day following, its highest level since May 2022. ETH outperformed bitcoin (BTC) in that 24-hour period. ETH was recently trading at about $2,070, down more than 2% over the past 24 hours. Source

CME Group to expand Bitcoin and Ether option expiries after record daily volume

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On Apr. 17, derivatives marketplace Chicago Mercantile Exchange (CME) Group, announced it will broaden its range of cryptocurrency options by adding new options to its standard and micro-sized Bitcoin (BTC) and Ether (ETH) contracts. Pending regulatory review, these new contracts will be available from May 22, and expiries will be available every day of the business week from Monday to Friday.  According to the announcement, CME Group’s expanded suite of cryptocurrency options will include new expiry dates for Bitcoin and Ether futures contracts. These options will now expire every day from…

Ether (ETH) Price Shoots 11-Month High despite Over 1M Withdrawals

Ethereum has delivered an extremely strong performance by gaining more than 10% since the Shapella upgrade. Ether (ETH) has successfully delivered a very strong performance shooting past $2,100 levels and hitting a new 11-month high. As of press time, ETH is trading at $2,087.83 with a market cap of $249 billion. This strong price performance comes despite more than 1 million ETH being withdrawn from the Ethereum Beacon Chain just within the first four days of the Shanghai hardfork upgrade. Furthermore, all of these withdrawals happened from nearly 477,805 transactions…

Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar

In traditional markets, the dollar index, which gauges the greenback’s exchange rate against majors, rose to 101.80, extending Friday’s 0.5% jump from 101.00. The yield on the two-year note gained nearly five basis points to 4.16%, extending the past week’s 15 basis points rise. The yield on the 10-year note rose to its highest level in a month at 3.54%. Bond yields began rising on Friday after Fed Governor Christopher Waller said the central bank hasn’t made much progress in bringing inflation down to its target of 2% and needs…

Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH

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Over 1 million Ether (ETH) worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdrawal requests, with Saturday, April 15 being the largest withdrawal day at 392,800 ETH according to data from beaconcha.in. Of the active validators, nearly 87% or 469,000 of the 540,000 are now able to withdraw their staked Ether. April 15 to 16…

Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

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Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold. Wood explained in an April 15 interview that Bitcoin’s resilience throughout the most recent banking crisis has been “the most remarkable” of all indicators her tech-focused investment management firm is monitoring. Bitcoin and Ether are now acting as “risk-off” assets and as a “flight to safety” for investors…