Wed, November 6

Ethereum Median Gas Fees Plunges to Record 5-Year Low

As the volume of transactions on layer-2 networks keeps increasing, the median price of sending a transaction on the Ethereum blockchain has fallen to its lowest point in five years, with low-priority transactions falling to about 1 gwei or even lower. On August 10th, Dune Analytics data showed that the

August 12, 2024 2 mins read

Is the Recent Ethereum Dip a Sign of Whale Manipulation?

August has been challenging for altcoins, with Ethereum, the leading altcoin, hitting a seven-month low of $2,111. Despite the market downturn, significant whale movements are drawing attention. A prominent ICO-linked whale recently deposited another 5,000 ETH ($13.2 million) to OKX, just 12 hours before Ethereum’s price dropped further. Since July

August 12, 2024 2 mins read

Ark Invest Sells Ethereum Futures ETFs Amid Mixed Market Sentiment

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

August 10, 2024 1 min read

Ethereum Price Consolidates at $2.6K Amid Increasing Selling Pressure

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

August 10, 2024 2 mins read

Ethereum Surges 10%: Can ETH Hit $2,800?

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

August 9, 2024 1 min read

Ethereum Price Struggles to Break $2.5K Resistance Amid ETF Outflows

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

August 8, 2024 2 mins read

Hong Kong’s Mox Bank Offers Bitcoin and Ether ETFs Trading

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

August 7, 2024 2 mins read

BlackRock and Nasdaq File for Options Trading on Spot Ethereum ETF

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

August 7, 2024 2 mins read

Grayscale Ethereum ETF Outflows Near $2.3 Billion

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

August 7, 2024 2 mins read