It seems that the Dencun upgrade to the Ethereum blockchain in March is to blame for the longest inflationary phase in the quantity of fresh Ether since the Merge in 2022. Since April 14, the total supply of Ethereum (ETH) has increased by more than 112,000 ETH, as reported by
US-based leading investment firm and ETF issuer VanEck made an announcement to waive fees for spot ETH ETFs in the initial trading phase. The firm stated that it would not charge fees until an unspecified time in 2025. VanEck was one of the eight issuers approved by the SEC in
Ethereum’s (ETH) price action over the past week saw a dip to $3,259, raising fears of a decline below $3,000. However, ETH managed to find support and is currently trading at $3,375, having risen by 1.93% within the past 24 hours. Despite this recent uptick, ETH is down 10.30% over
Amidst the most volatile week of 2024 in the cryptocurrency market, the transaction costs for Bitcoin and Ether hit a new low, the lowest in several months. With a low of $1.93 per transaction on June 23, the average Bitcoin transaction fee hit its lowest point since October 2023. The
Top cryptocurrencies are facing tough times, while traditional assets like the NASDAQ are growing. What’s causing the chaos? Today, the cryptocurrency market is displaying a significant downturn, with major altcoins witnessing sharp declines. The global crypto market capitalization has decreased by 3.38% to $2.27 trillion. This drop has been largely
The prominent ETF issuer YieldMax has recently filed with the US SEC to launch an ETF based on the Ether Option Income Strategy. According to a filing made public on June 21, 2024, the ETF will be listed on the NYSE Arca. This strategic shift is also occurring at the
June 22, 2024 – Ethereum (ETH) remains a focal point in the crypto market as it grapples with a key support level of $3,500 amidst renewed concerns over Ethereum ETF approval. Earlier today, ETH dipped below $3,500, sparking fears of a potential decline towards $3,200. However, ETH managed to find
The S-1 registration form for the spot Ethereum ETF was recently modified by financial services behemoth Fidelity Investments. Most of the potential spot Ethereum issuers are anticipated to submit these changes today, as anticipated before. The revised S-1 filing by Fidelity Investments comes as rumors about the approval of spot
Ethereum’s open interest (OI) has seen a significant decrease from $13 billion to $11.5 billion. This decline in OI, which represents the value of outstanding futures contracts, indicates that traders are closing their positions in the cryptocurrency, providing some relief to the market. Prominent Intotheblock analyst Burak noted, “Following this
Amidst evolving regulatory landscapes in the cryptocurrency market, Ethereum has received a boost as the SEC concluded its investigation, signaling positive sentiment for the digital asset. This development has injected optimism into the global crypto market, prompting a potential recovery outlook. In the past 24 hours, Cardano (ADA) has displayed
