โBitcoin (BTC): $18,843 โ4.6% โEther (ETH): $1,576 โ0.7% โS&P 500 daily close: 3,906.28 โ0.5% โGold: $1,712 per troy ounce +NaN% โTen-year Treasury yield daily close: 3.34% +0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Source
Tag: Ether
Three Arrows Capital Wallet Removes $33M of Staked Ether From Curve Pool
The removal of liquidity was the first activity from the wallet in 10 days. Source
DeFi Giant Aave Stops Loaning Ether Ahead of Ethereum Merge
The Aave community is worried that users may increasingly borrow ether ahead of the Merge, exposing the protocol to liquidity issues and injecting volatility into Lido’s staked ether market. Source
Citi: Ether Extends Rally Ahead of the Merge Despite Bitcoin Weakness
Citi: Ether Extends Rally Ahead of the Merge Despite Bitcoin Weakness Source
Ether Primed for Pre-Merge Rally After Wedge Breakout
The falling wedge begins wide at the top and contracts as prices move lower, causing the two descending trendlines to converge as the pattern matures. The converging nature of trend lines represents shallower lows, a sign of decreasing selling pressure. Therefore, a breakout is taken to mean a bullish revival. Source
Ether Eyes Price Rally After 'Wedge' Breakout, But Europe's Energy Crisis Zaps Risk Appetite
Russia’s Gazprome announced indefinite suspension of gas supply to Europe, bolstering inflation fears. The renewed risk aversion capped upside in ether. Source
BitBoy Lawsuit | Ethereum Merge Updates | Biden Cancels Debt | Tornado Cash Fallout | Pudgy Penguins
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Did Merge Optimism Lift Ether or Was It the S&P 500?
Possibly behind the equity rally in July and the first half of August was the hope that inflation has peaked and the Federal Reserve would resort to rate cuts next year. That dovish Fed narrative, however, fizzled out in the second half last month, bringing renewed weakness in stocks and cryptocurrencies, with ether tumbling more than 20% from a peak hit on Aug. 14. Source EtherliftMergeOptimism CryptoX Portal
Derivative Volumes of Ether Surpass Bitcoin Ahead of Merge, Here's Why
Traders are increasingly deploying two strategies that utilize futures ahead of the Ethereum Merge, leading to a surge in ether futures volumes. Original
Bitcoin, Ether Consolidate as Traders Eye U.S. Jobs Report to Gauge Next Fed Rate Hike
The tighter the labor market, the stickier inflation and the more pro-tightening, or hawkish, the Fed will be. Risk assets, including cryptocurrencies, are addicted to cheap liquidity and have taken a beating this year, mainly because of the Fed’s interest-rate-hike cycle. This year, the central bank has raised rates by 225 basis points. (A basis point is one-hundredth of a percentage point.) Original