Ethereum and layer-2 addresses surge 127% this year — Glassnode
While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024. Go to Source
Ethereum
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Ethereum ETFs Face $133M Outflows as Grayscale’s ETHE Divests $326M
Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver U.S. … Read more
Whale Activity Surges Amid Ethereum’s New Spot ETFs Launch
The release of nine new Ethereum spot ETFs has significantly influenced whale activity in the cryptocurrency market. 🐳 Whale activity is clearly being impacted by the release of Ethereum’s 9 new spot ETF’s. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and … Read more
Spot Ethereum ETFs post $113M of outflows on second day of launch
The “newborn” eight ETFs didn’t manage to outrun the $327 million of outflows from Grayscale’s recently converted Ethereum Trust. Go to Source
Cryptoquant Report Analyzes Market Impact of New SEC-Approved Ethereum Spot ETFs
On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications … Read more
Bitstamp will begin Mt. Gox creditor repayments on July 25
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed. Go to Source
Ethereum’s future rests on 10,000 blockchains
Ethereum layer-2s are proliferating, which means Ethereum will start looking like a much better prospect for new projects in the year ahead. Go to Source
Price analysis 7/24: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin bulls are trying to protect the $65,500 level, but if they fail, a drop to $62,000 is possible. Go to Source
US Ethereum ETFs Hold $10.24B in Reserves Following $106M in Inflows
Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first … Read more
Altcoin Resurgence Expected if Ether ETFs Drive Sharp Uptick in ETH, Says Two Prime’s Blume
A managing partner at SEC-regulated Registered Investment Advisor Two Prime has discussed the potential impact of spot ether exchange-traded fund (ETF) launches on the cryptocurrency market. He explained that early demand could be greater than when spot bitcoin ETFs launched and suggested that a sharp uptick in ethereum price from the ether ETFs could lead … Read more