The value for ETHPOW tokens suggested by futures basis is significantly lower than the price at which IOUs representing the token are currently trading on exchanges MEXC, CoinW, Phemex, Bitrue, and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as $140 early last month, indicating frenzy around the potential hard fork token. Source EtherEthereumETHPOWForkFuturesHardPotentialSuggestTokenTrade CryptoX Portal
Tag: Ether
First Mover Americas: A Bleak Month for Crypto as Bitcoin Slides, Ether Stalls and Solana Tanks
The latest price moves in bitcoin (BTC) and crypto markets in context for August 31, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Ether Futures See Unusually High Liquidations as Funding Rates Point to Bearish Sentiment
According to Coinglass data, liquidations on bitcoin futures hovered at $54 million over the same period, with other major cryptocurrencies, such as solana and avalanche, seeing just over $3 million. Bitcoin futures usually have the highest liquidations in the futures markets owing to their popularity and liquidity. Source
Largest Ether mining pool Ethermine opens new ETH staking service
Ahead of the rapidly approaching Ethereum (ETH) Merge on Sept. 15, Ethermine, the world’s largest Ethereum mining pool has unveiled a new staking pool for users. Notably however, it is not available to U.S. miners The new service offers Ethermine members a chance to collectively stake their ETH and earn interest on top of their deposits. As little as 0.1 ETH ($159) required to enter. However the smaller the holding, the greater the fee. The platform is currently offering stakers an annual ETH interest rate of 4.43%. At the time…
Market for Compound Ether Token ‘Frozen’ After Code Bug Kills Price Feed
Decentralized finance (DeFi) lending protocol Compound (COMP) has suffered a critical failure, effectively halting the trade of Compound Ether (cETH), after a bug was discovered in the code that causes transactions for suppliers and borrowers of ether to revert. Source
Ether, Bitcoin Could See Turbulence as Open Interest Leverage Ratio Soars to Record High
“The rising ratio indicates open interest is outpacing market size and increases the risk of volatility,” one researcher said. Original
Market Wrap: Bitcoin and Ether Rebound Halts 3-Day Losing Streak
Bitcoin (BTC) started the week in positive territory, rising 3% on average trading volume. The largest cryptocurrency by market capitalization rebounded on Monday following three consecutive days of losses. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Original
CME Group launches euro-denominated Bitcoin and Ether futures
Derivatives marketplace Chicago Mercantile Exchange Group has launched trading for Bitcoin euro and Ether euro futures contracts. In a Monday announcement, CME Group said that it launched contracts for euro-denominated Bitcoin (BTC) and Ether (ETH) futures sized at 5 BTC and 50 ETH per contract. Both contracts will be listed on CME, cash-settled and based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, respectively. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise…
Ether May Continue to Lose Momentum Until Merge Is Completed, BofA Says
Ether’s (ETH) price jump from mid-July until mid-August may continue to fade as investors seek to better understand the implications of The Merge, Ethereum’s tech upgrade that will transform it to a proof-of-stake network, along with future blockchain upgrades, Bank of America said in a note Friday. Source
Aumenta el trading de opciones que apuestan a la volatilidad de ether antes de la fusión
Las instituciones parecen estar adoptando una estrategia de trading de opciones llamada strangle largo —también llamado cuna corta, en español—, el cual es indiferente a la dirección en la que se mueve la criptomoneda y, en cambio, apunta a obtener ganancias del grado de turbulencia o volatilidad de precios. Source