Category: ETH
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Ethereum Price Consolidation Amid Rising Whale Transactions And ETF Advocacy
The second-largest cryptocurrency, Ethereum, is currently undergoing a period of consolidation within a massive symmetrical triangle formation. Despite recent price corrections, Ethereum’s market remains dynamic, with notable activity observed in whale transactions. This uptick in whale transactions serves as a bullish indicator, suggesting potential positive movements in Ethereum’s price in the near future. #Ethereum is consolidating in this massive symmetrical triangle! I’m expecting a huge breakout, and I will open a new trade on the breakout! pic.twitter.com/laqjiU1koy — Crypto Rover (@rovercrc) March 29, 2024 Moreover, MetaMask parent company ConsenSys has taken proactive steps by submitting a comment letter to the
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Fidelity Pursues Ethereum ETF Despite Potential SEC Hurdles
Fidelity Investments has taken a bold step in the cryptocurrency market by submitting a Form S-1 for a proposed spot Ethereum exchange-traded fund (ETF) with staking capabilities, according to recent SEC filings. This move underscores Fidelity’s commitment to expanding its presence in the burgeoning digital asset space. Fidelity filed a Form S-1 for a proposed spot Ethereum ETF that includes a staking feature, according to SEC filings. Bloomberg analyst James Seyffart said that he still believes that this round of spot Ethereum ETF applications will ultimately be rejected in May.… — Wu Blockchain (@WuBlockchain) March 27, 2024 However, Bloomberg analyst
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Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout
CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
Grayscale Ethereum Trust Discount Narrows Amid ETF Approval Uncertainty
The Grayscale Ethereum Trust (GET) is making headlines once again as its discount narrows to -20%, a level not seen since November 2023. This development comes amidst growing uncertainty surrounding the potential approval of a spot Ethereum exchange-traded fund (ETF) in May. GRAYSCALE ETHEREUM TRUST DISCOUNT HITS -20% The discount on the Grayscale Ethereum Trust has decreased to -20%, marking its lowest level since November 2023. This decline in discount comes amid waning optimism for the approval of a spot Ethereum ETF by May. Traders’ lack of… pic.twitter.com/IJrUuKZUVh — Crypto Town Hall (@Crypto_TownHall) March 20, 2024 Investors, seemingly less optimistic
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Ethereum Foundation Receives Confidential State Inquiry, Removes Warrant Canary Icon From Github Repo
DeFi Collateral Liquidations Soar As ETH Prices Dip
Over the past 24 hours, the decentralized finance (DeFi) sector witnessed a significant surge in collateral liquidations, totaling more than $5.4 million, with a substantial portion linked to Ethereum (ETH) assets amounting to $4.27 million. According to parsec, more than $5.4 million in collateral was liquidated on the DeFi in the past 24h, including $4.27 million in ETH. If ETH falls to $3,008, $24 million in collateral will be liquidated. On-chain derivatives exchanges GMX, Kwenta, and Polynomial triggered… — Wu Blockchain (@WuBlockchain) March 19, 2024 Concerns loom as projections indicate that if ETH prices drop to $3,008, an additional $24
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Blackrock Aims to Launch Tokenized Investment Fund, Seeks SEC Nod for ‘BUIDL’ Fund on Ethereum
Decrease In Layer 2 Transaction Fees After Dencun Upgrade and EIP-4844
In the aftermath of the recent Dencun upgrade and the deployment of EIP-4844, there has been a noticeable decline in transaction fees across various Layer 2 (L2) networks. This development marks a significant step forward in addressing the issue of high transaction costs within the Ethereum ecosystem. During the last hour (9:00–10:00 UTC+8), several L2 networks witnessed a considerable reduction in transaction fees. Optimism, for instance, reported an average transaction fee of $0.05, with a median fee of $0.0038. Similarly, Base recorded an average fee of $0.064 and a median fee of $0.0008. Arbitrum and zkSync Era also experienced reductions
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