WisdomTree, a prominent asset management firm, has withdrawn its S-1 registration filing for the WisdomTree Ethereum Trust. The firm declared in a filing with the US Securities and Exchange Commission. The S-1 filing was intended to pave the way for WisdomTree’s Ethereum Trust to be listed on the stock exchange.
The non-profit organization of the Ethereum blockchain, Ethereum Foundation, will release an updated financial report, as per the official statement. The organization’s treasury has witnessed a significant reduction, with its main wallet holding approximately $650 million. This represents a steady decline in the foundation’s holdings since March 2022. At that
Ethereum ETF Futures (EFUT) will be discontinued and liquidated by the prominent investment management company VanEck. The price of ETH, which was already experiencing a period of erratic trading due to a general market decline, has taken a huge hit. Among the many factors given by the ETF provider for
In the past week, Ethereum holders have experienced significant selling pressure. A total of 312,183 ETH, valued at approximately $751 million, has been deposited into exchanges. This surge in exchange deposits reflects growing uncertainty among investors. Market watchers are closely monitoring these developments as they signal a potential shift in
Vitalik Buterin’s decision to donate his L2 tokens instead of investing further highlights a critical market trend. Layer 2 solutions, such as Optimism and Arbitrum, have gained popularity. They offer much-needed scalability for Ethereum by processing transactions off-chain. However, Buterin’s recent announcement suggests he believes the market is overly focused
Analysts claim that since the “merge” to proof-of-stake on the Ethereum blockchain occurred about two years ago, Ether’s performance has lagged behind bitcoin’s by a margin of up to 44%. Almost two years have passed since Ethereum’s upgrade, The Merge, which transitioned to a proof-of-stake network, and next week will
The cryptocurrency community is still reeling from the shock of the Indian crypto exchange WazirX hack that happened on July 18, 2024. With a staggering loss of around $230 million, this incident has become the largest cryptocurrency hack of the year. As the company works towards recovery, WazirX hackers have
Ethereum (ETH) has witnessed crucial challenges in recent weeks, continuing its downward trajectory. After the recent price slump, ETH extended its bearish momentum, following the launch of a new decentralized exchange, Ethervista, and Ripple’s announcement to add an Ethereum smart contract on XRP Ledger. However, market analysts suggested that ETH
In the latest crypto updates, Fantom’s (FTM) price rally is gaining momentum, driven by positive market sentiment and a breakout from key resistance levels. In addition to this, Ethereum (ETH) liquidations have surged due to a significant sell-off event, but the market shows resilience with potential for recovery. But crypto
In August, the volume of Ethereum futures traded on the Chicago Mercantile Exchange (CME) hit a multi-month low. Based on the data dashboard provided by The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion. From $30.5 billion in July, the expected dollar trading
