Tag: Ethereum

Ethereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype?

CoinspeakerEthereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype? Some Ethereum (ETH) whales have positioned themselves to benefit from US spot ETH ETF speculation, which is set to launch on July 23. About $122 million worth of ETH has been moved to centralized exchanges (CEXes) for sell-offs from three whales. According to the on-chain analysis platform Spot On Chain, $89 million ETH has been moved to Binance and OKX exchanges in the past 9 days. During the early London trading session on 22nd July, another whale transferred…

Ethereum Price Climbs: Will It Challenge the $3,700 Mark Again?

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Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is moving higher above the $3,500 zone. The price is trading above $3,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $3,565 resistance zone. Ethereum Price Reclaims $3,500 Ethereum price remained in a…

These 5 spot Ethereum ETFs are set to launch July 23: CBOE

The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week. The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week.  CBOE revealed the information in the latest “new listings” notice on its website, confirming the launch of five Ethereum (ETH) ETFs. These include: 21Shares Core Ethereum ETF (CETF) Fidelity Ethereum Fund (FETH) Franklin Ethereum ETF (EZET) Invesco Galaxy Ethereum ETF (QETH) VanEck Ethereum ETF (ETHV) According to the…

Here’s What To Know On Grayscale Bitcoin & Ethereum ETF Spinoffs – Details

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Prominent asset manager Grayscale Investments is set to launch spinoffs of their Grayscale Ethereum Trust’s (ETHE) and Grayscale Bitcoin Trust (GBTC) exchange-traded funds (ETF). Following inquiries by market spectators and potential investors, Bloomberg analyst James Seyffart has provided much insight into the nature and operation of these spinoffs. Grayscale ETF Spinoff Based On 90-10% Sharing Format, Seyffart Says On Friday, James Seyffart published a thread on social media platform X, discussing vital information about Grayscale’s ETF spin-offs Grayscale Ethereum Mini Trust (ETH) and Grayscale Bitcoin Mini Trust (BTC), which are…

Ethereum enjoys price increase, ETF anticipation intensifies

Ethereum (ETH) has experienced an over 15% price increase in the past two weeks. This surge has captured the attention of investors and analysts alike, highlighting the cryptocurrency’s resilience and potential amidst a turbulent crypto market environment. Ethereum began an upward trajectory on July 10 as regulators seemed ready to approve spot Ether ETF applications. On July 10, Ethereum led the charge with a 9% increase, reaching $3,680.98 and peaking at $3,835.43 earlier that day. Bitcoin also followed with a 2% rise, trading around $71,350. Issuers and exchanges have reportedly…

CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date

The Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will commence trading in the crypto market.  CBOE Finalizes Launch Date For Spot Ethereum ETFs On July 19, the CBOE released a new issue notification on its official website concerning the launch of Spot Ethereum ETFs trading. According to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, pending regulatory effectiveness. Previously, analysts, including Bloomberg Senior ETF analyst, Eric…

Ethereum, Solana touch key levels as Bitcoin spikes

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Bitcoin has jumped above $66,000, reaching its highest level since mid-June when prices hovered above $67,000. The price of Bitcoin (BTC) is currently 4.7% up in the past 24 hours as buyers hover around $66,670. Meanwhile, Ethereum (ETH) has climbed above $3,500 and Solana (SOL) is trading above $170 – with gains of 3% and 8% respectively. Other altcoins are also trading positive, with BNB (BNB) up 4.9%, Dogecoin (DOGE) 4.5% and Cardano (ADA), 3%. Bitcoin rises amid global IT outage The bounce in Bitcoin’s price came as chatter continued…

ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What’s Going On?

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ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week.  Ethereum Futures Premium Highlights Little Confidence In ETH’s Price According to data from Laevitas, Ethereum’s fixed-month contracts annualized premium currently stands at 11%, suggesting that crypto traders aren’t bullish enough on ETH’s price. Further data from Laevitas shows that this indicator has yet to sustain…

Crypto Exchange WazirX Hacked, Loses Over $230,000,000 in Ethereum, Shiba Inu and Other Assets: On-Chain Data

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Hackers have breached and siphoned large amounts of assets from the India-based crypto exchange WazirX. According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident. The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA) and $5.79 million in Tether (USDT). Lookonchain says that the hacker is dumping funds…