The U.S. SEC Chairman Gary Gensler’s statement regarding the spot Ethereum ETF approval by September has spurred the community to speculate on the price momentum of Ethereum (ETH). Notably, demand for Ethereum surged this week. This is evident from the inflows of permanent holders purchasing 298,000 ETH on Wednesday, marking
During the summer, SEC Chair Gary Gensler anticipates the approval of Ethereum spot ETF S-1s. This follows prior conjecture on the S-1 launch window. In addition to the highly anticipated Ethereum ETFs, Gensler also addressed the difficulties that decentralized finance (DeFi) presents to anti-money laundering (AML) regulations. The announcement by
The NFT sector has lagged behind the rest of the cryptocurrency industry, which has been quite exciting so far this year. The amount of Ethereum NFT marketplace transactions has been falling every month since January, and it was already much lower in January compared to the billions of dollars moved
As part of its continuous effort in growing a vibrant community of traders and crypto-savvy people, BitDelta is launching yet another trading competition, with an overall prize pool of $50,000. Campaign Period: June 10 – June 24, 2024 The competition is open to both existing and new users, and the
Ethereum, the leading altcoin, is currently navigating a challenging market environment. After hitting a 23-day low of $3,432 yesterday, it is trading at $3,508.74, marking a 1.47% decline. While, trading volume has surged by 12%, reflecting heightened market activity despite the coin being down 7% over the past week. This
Vitalik Buterin is praising the successes of Ethereum’s Layer 2 protocols in light of the recent Optimism (OP) milestone. As per OP Labs’, Ethereum L2 Optimism has now included fault proofs to its smart contracts. As of right now, Optimism is in what the development team calls “Stage 1” of
Formerly known as OAK Network, Ava Protocol has announced that $10 million in seed investment has been completed. This includes a $5.5 million initial round and a subsequent $4.5 million seed+ round. The funds will go toward helping Ava Protocol develop an Eigenlayer AVS that is intent-centric and event-driven, enabling private autonomous transactions on
As 2024 continues to see positive developments in the crypto space, zkSync, a prominent Ethereum Layer 2 scaler by Matter Labs, has made a significant announcement—plans to airdrop nearly 3.68 billion ZK tokens next week. According to the distribution plan, 89% of the airdrop will be allocated to zkSync users
Digital asset investment products saw an inflow totaling $2 billion in the last week, bringing this recent 5-week of positive inflows to $ 4.3 billion. And trading volumes in exchange-traded products (ETPs) rose to $12.8 billion for the week, 55% up from the week prior, according to the recent report
Several transactions draining $81.5 million from the protocol occurred during the end of 2023 on the cross-chain bridge Orbit Chain, which has significant links to the Klaytn ecosystem. The assets were left undisturbed after the attack until Saturday, when the hacker or group started transferring around $48 million to Tornado
