Notable crypto market activity occurred on August 9 when Ark Invest, run by Cathie Wood, sold off a large chunk of its Ethereum futures exchange-traded funds. The outcome of this judgment can be bad news for Ether ETPs on the market. Also, in light of the increasing withdrawals from spot
The beginning of August witnessed a spur of activity within the crypto sector. While most of the market attention was focused on the first-week market crash, regulatory activities, and notable partnerships took place. Meanwhile, this following week exhibits price revivals from key cryptocurrencies as Bitcoin retracted to $60K. Leading altcoin
Success stories often highlight the transformative power of seizing the right opportunity. Take, for example, a college student who, in 2016, invested $500 in Ethereum when it was valued at just $10 per coin. By 2021, Ethereum’s price had increased over $4,000, turning his investment into a substantial sum. Today,
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has demonstrated remarkable resilience in the face of recent market turbulence. After touching a critical support level of $2,116 earlier this week, ETH staged a powerful comeback, surging 10% in a 24-hour period to reach approximately $2,670 during the mid-London trading session
Without a doubt, artificial intelligence has been the big topic of the year 2024, along with the exponential rise that NVIDIA and the big technology companies have presented. We cannot deny the impact that this will have on our modern society. However, we have not yet realised the risks of
Leading altcoin Ethereum found itself falling to the $2K level during the recent market price dip. In the last few days, the token following Bitcoin showed recovery signs but has struggled to break key resistance levels. Meanwhile, the community witnessed crucial regulatory activity with announcements from the FCA. Notably, Ethereum
A Hong Kong-based virtual bank is considering expanding into spot trading markets after launching crypto exchange-traded fund trading for clients. The first virtual bank to provide direct trading of spot Bitcoin ETFs and Ether ETFs on its platform, Mox, a subsidiary of Standard Chartered, made history on August 7 when
BlackRock and Nasdaq have filed with the SEC to add options trading to the iShares Ethereum Trust (ETHA). Final SEC approval is anticipated by April 9, 2025, with pending approvals from the OCC and CFTC. This move, disclosed in a regulatory filing, aims to enhance market dynamics and provide investors
While the global crypto market turned to recovery, Ethereum exchange-traded funds (ETFs) in the United States displayed notable activity. On Wednesday, BlackRock’s fund saw a significant net inflow of around $110 million, contributing to a positive trend for Ethereum ETFs. For two consecutive days, U.S.-based spot Ether ETFs have recorded
Jump Trading, a prominent crypto trading firm, has made headlines again by cashing out $116.7 million worth of Ethereum (ETH) just 11 hours ago. This move follows a significant sell-off that began on July 24, during which the firm withdrew $611.78 million USDC from Binance and deposited $558.2 million USDC
