Bookmarking Crypto Insights
Auto Added by WPeMatico
According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven … Read more
The price of storing data directly on the blockchain is extremely prohibitive for most users, leading to an overreliance on traditional IT. Go to Source
In the past three weeks, Ethereum’s open interest has surged by approximately $1.5 billion, signaling increased activity in leveraged trading and accompanying volatility. On-chain reports reveal that a major whale deposited 25,800 ETH, valued at $87 million, into Binance today. #Ethereum Open Interest data has increased by approximately $1.5 billion in the last 3 weeks … Read more
“Investors really want to get their ETH exposure,” said BlackRock’s ETF investment chief Samara Cohen. Go to Source
Bitcoin turned down from $70,000, a sign that bears are fiercely defending the overhead resistance, but the price whipsaws are having limited impact on altcoins. Go to Source
Ethereum is currently priced at $3,374, with intraday fluctuations ranging from $3,253 to $3,395. Boasting a market capitalization of $407 billion and a 24-hour trade volume of $11.49 billion, ETH demonstrates significant market activity. Ethereum The hourly chart for ethereum (ETH) depicts a sharp decline followed by a steady recovery. After hitting a low of … Read more
In 2024, Bitcoin has outperformed Ethereum in terms of market cap impact, with each dollar invested in Bitcoin boosting its market cap by $5, compared to just $1.30 for Ethereum. This suggests that new money flows exert a stronger influence on Bitcoin than on ETH. In 2024, every $1 invested in #Bitcoin increased its market … Read more
U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows. Grayscale’s Ethereum Trust Sheds $1.5B in 4 Trading Sessions The spot ether ETFs have been impacted by Grayscale’s Ethereum … Read more
According to the blockchain-based prediction market Polymarket, there is an 84% likelihood that former President Donald Trump and current Vice President Kamala Harris will debate before the election. Trump has shown hesitation to debate Harris until her official nomination, citing significant confusion within the Democratic party. High Stakes: $142,846 Wager on Trump-Harris Debate Before Election … Read more
Bitcoin’s recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears. Go to Source