Former Microsoft Engineer Predicts a Gradual Shift in Blockchain Development Focus Toward Vertical Scaling

Former Microsoft Engineer Predicts a Gradual Shift in Blockchain Development Focus Toward Vertical ScalingWhile wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com […]

Go to Source

Ethereum Sees Surge In Active Addresses Amid Anticipation Of ETH ETFs Launch

Ethereum recently experienced its largest spike in active $ETH addresses in three months, with the total number reaching 617,170. This surge comes amid growing anticipation of Ethereum Exchange-Traded Funds (ETFs). #Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr — Ali (@ali_charts) June 22, 2024 Bloomberg ETF analyst Eric Balchunas has reported that numerous amended ETH ETF S-1 filings are expected today. The SEC will then review these filings to notify issuers of any final changes and their effectiveness, with July 2nd being considered a potential launch

The post Ethereum Sees Surge In Active Addresses Amid Anticipation Of ETH ETFs Launch appeared first on The Merkle News.

Go to Source

Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings

Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 FilingsBloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s […]

Go to Source

NFT Sales Plunge 21% Amid Broad Crypto Market Decline

NFT Sales Plunge 21% Amid Broad Crypto Market DeclineGlobal non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn […]

Go to Source

Bitwise CIO Makes the Case for Adding Ether to Investment Portfolios

Bitwise CIO Makes the Case for Adding Ether to Investment PortfoliosMatt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […]

Go to Source

Volatile Bitcoin Movement Causes $118M in Crypto Liquidations

On Thursday, bitcoin (BTC) peaked at $66,455 per coin around 7 a.m. EDT but dropped to approximately $64,516 by noon. The volatile movements resulted in $118.82 million in liquidations across the crypto economy, with long positions accounting for $61 million of that total. Bitcoin’s Rapid Rise and Fall Triggers Major Liquidations in Crypto Economy Bitcoin […]

Go to Source

Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0

Ethereum has risen by over 4% today, reclaiming the $3,500 mark, following significant news from the SEC. According to on-chain reports, after @Consensys announced on X (formerly Twitter) that the SEC had closed its investigation into Ethereum 2.0, a whale purchased an additional 5,603 $ETH, valued at $19.6 million. This whale has been actively accumulating Ethereum, having withdrawn a total of 16,604 $ETH (approximately $59 million) from Binance at an average price of $3,600 since May 30. The recent purchase underscores a growing confidence among large investors in the future of Ethereum. After @Consensys posted that the #SEC had closed

The post Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0 appeared first on The Merkle News.

Go to Source