Thu, November 28

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

Ethereum (ETH) Staking Hits Record High Amid Recent Market Decline

The percentage of supply staked ETH hit a record high of 27.95%. This follows a little decline two weeks earlier, on July 21, when it fell from 27.58% to 26.82%—a decline of 0.76%. Not only has it recovered since then, but it has also exceeded its prior records. Significantly, there

August 7, 2024 1 min read

Ronin Network Loses $9.8 Million in ETH, Pauses Bridge

Ronin Network has experienced a significant security breach, resulting in the loss of nearly $9.8 million worth of Ethereum (ETH). This incident highlights the growing concerns surrounding crypto security, particularly amidst the recent wave of hacking activities. On August 6, 2024, Ronin Network, which underpins the popular play-to-earn game Axie

August 6, 2024 1 min read

Can Ethereum Bulls Regain Control If ETH Sustains $2.5K?

Following a sharp dip to the $2,100 zone on Monday, Ethereum (ETH) has climbed back to test the $2,500 barrier. This recovery raises questions about the Ethereum market trend, with a target at the $2,750 level before possibly resuming a bearish trend. On Monday, ETH’s price plummeted more than 23%

August 6, 2024 2 mins read

DeFi Liquidations Hit New Annual High Amid Crypto Market Sell-Off

According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been

August 6, 2024 1 min read

How Did Major Cryptos Bitcoin and Ethereum Crash Overnight?

In the last 24 hours, the cryptocurrency market faced a sharp downturn, with $901.67 million in long positions liquidated. The sell-off, which surged on Sunday, has stemmed to significant losses across major digital assets like Bitcoin (BTC) and Ethereum (ETH). Also, the decline has pushed the global market cap below

August 5, 2024 2 mins read