Key Notes Former Huobi chief Li Lin partners with early Ethereum backers from Fenbushi, HashKey, and Meitu to create regulated Ether vehicle. The trust has already secured $700 million in commitments and explores using a Nasdaq-listed shell company for structure. ETH consolidates below its 50-day moving average at $3,875, though institutional demand could support long-term price appreciation toward $7,000. A group of Asian executives with deep roots in crypto is setting up a new trust to accumulate Ethereum ETH $3 845 24h volatility: 1.2% Market cap: $462.96 B Vol. 24h:…
Tag: Ethereum
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What’s Happening with the Crypto Market?!
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VanEck Files First Lido-Staked Ethereum ETF
Key Notes VanEck has applied with the US SEC to list a Lido Staked Ethereum ETF. It already filed a statutory trust registration for the Lido Staked Ethereum ETF in Delaware last week. stETH price has dropped by over 5% since the announcement. Rather than waiting for the United States Securities and Exchange Commission (SEC) to decide on its other applications, VanEck has filed for a Lido Staked Ethereum ETF. Notably, the asset management firm is the first to pursue this type of Lido Staked Ethereum offering. VanEck to List…
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Ethereum Correction Over? Binance Funding Rates Signal ETH Surging To $6,800
Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400. Ethereum Price Correction May Be Overย According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on Binance crypto exchange have remained positive, despite being in a narrow range. This shows that long positions on ETH still dominate the market. Related Reading ETH funding rates fluctuating normally on Binance โ despite the…
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Ethereum Price Slides Below $4,000 Support As Sellers Tighten Their Grip
Ethereum price struggled to stay above $4,020 and dipped further. ETH is now consolidating in a range and might decline further if there is a move below $3,820. Ethereum started a fresh decline below $4,020 and $4,000. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,820. Ethereum Price Dips Below Support Ethereum price…