Wed, November 27

US Spot Ethereum ETFs Experience Longest Withdrawal Streak

Spot Ethereum exchange-traded funds (ETFs) in the US have seen withdrawals for five days in a row. This is the longest run of withdrawals since their inception on July 23. Withdrawals from the Grayscale Ethereum Trust (ETHE) having surpassed $2.5 billion as of August 21 have outpaced the majority of

August 22, 2024 1 min read

Vitalik Buterin Advocates ‘Plurality’ to Resolve Multiple Domain Conflicts

Vitalik Buterin, co-founder of Ethereum (ETH), has proposed the “Plurality” philosophy to address the conflict between the cryptocurrency ecosystem and more conventional forms of governance. Though he acknowledges that this pluralistic approach may improve current systems, he fails to see any chance of a substitute. American writer and economist Glen

August 21, 2024 2 mins read

Can Ethereum Bounce Back After a 26% Price Dip?

Ethereum has had a tough month, witnessing a 26% decline over the past 30 days, with its price dipping below the $2,111 range. Currently, the second-largest cryptocurrency is trading at $2,579, reflecting a 3% decline, and its trading volume is down by 2%. Despite this downturn, whale activity and network

August 21, 2024 2 mins read

Ethereum (ETH) Supply in Profit Drops to Lowest Since November 2023

This week, the 7-day moving average (MA) of the percentage of supply in profit hit 85.66%. This metric gauges the extent to which the circulating supply of Ethereum (ETH) is now valued more than its previous acquired or transferred price. Since November 2023, it has not been this low. This

August 20, 2024 2 mins read

Ethereum’s Surge: Analyzing ETH’s Path to $3,000

Ethereum finds itself at a critical juncture as the broader cryptocurrency market experiences a resurgence, with the total market capitalization dropping to $2.08 trillion from $2.14 trillion. This drop has pulled Bitcoin back above and below the $58,000 level from the $61,000 mark. Ethereum has followed suit with a gain,

August 20, 2024 1 min read

Will Ethereum Upward Momentum Drive It to $3000?

In the last 24 hours, the Ethereum (ETH) price has climbed over 4%, rising from a low of $2,566 to a high of $2,695, which has sparked optimism among investors. After a week of consolidation, the second-largest cryptocurrency finally broke through the $2,500 resistance zone.  At the time of writing,

August 20, 2024 2 mins read

Ethereum Gas Fees Hit Five-Year Low Raising Supply Concerns

While ETH prices are struggling, the gas fee for Ethereum has lately dropped to its lowest point in five years. Kaiko recently highlighted the decline and what it may mean for the price of the cryptocurrency. Despite the launch of Spot Ether ETF trading in the US, the second biggest

August 19, 2024 2 mins read

Bitcoin Shorts Volume on Exchanges Surge Amid Ongoing Volatility

The rapid increase in Bitcoin short positions met with a resounding rejection of Sunday’s effort by the price of Bitcoin to break out over $60,000 levels. Bitcoin shorts were active across many exchanges as soon as the price rose above $60,000. 24-hour short volumes surged 118% to over $18.30 billion.

August 19, 2024 1 min read

Crypto Investment Products Record Inflow of $30 Million Last Week

A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62

August 19, 2024 2 mins read