Amidst a challenging period for cryptocurrency markets, Ethereum has witnessed a notable resurgence, propelled by the launch of Ethereum-focused exchange-traded funds (ETFs) in Hong Kong. The recent surge in Ethereum’s price trajectory followed a dip below the critical $3,000 mark, mirroring Bitcoin’s downward trend. The Hong Kong spot market welcomed
A strong Bitcoin advocate, Michael Saylor, executive chairman of MicroStrategy, has said that Ethereum is a security rather than a commodity. At the MicroStrategy World 2024 conference on Thursday, May 2, he made some remarks on ETH. Michael Saylor did not stop at criticizing Ethereum and labeling it a security;
As the crypto market continues to experience volatility, the options market is gearing up for a significant expiration event. On May 2nd, 2024, 23,000 Bitcoin (BTC) options contracts with a notional value of $1.4 billion are set to expire. The Put Call Ratio for these options is 0.49, indicating a
While the big names usually make rounds in the Crypto Space, more often than not, new challengers are usually the ones that attract the spotlight of Market Experts because of their rich potential for upside growth.In the present market phase, Hump (HUMP) has garnered support having caught the attention of
Vitalik Buterin, co-founder of Ethereum, has discussed at a new cryptographic proof method that would make zero-knowledge proofs more efficient. A method for fast cryptographic proofs over binary fields, “Binius,” was detailed in a blog post by Buterin on April 29. The system aspires to achieve substantial performance improvements over
On Tuesday, the six new spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong recorded a trading volume of over HK$87.5 million ($11.2 million). This is in stark contrast to the $4.6 billion first-day volume recorded in January by the eleven spot bitcoin ETFs in the US. According to
The past week has seen a significant downturn in trading activity, reminiscent of levels last witnessed during the final week of January. As traders grapple with indecision, the once fervent calls to ‘buy the dip’ have dwindled, echoing a quieter sentiment among those bullish on the crypto market’s trajectory. Bitcoin
BlockDAG has recently announced a strategic vesting plan following a successful $21.6 million presale, a move aimed at stabilising the market and aligning long-term investor interests with the project’s growth. This announcement comes at a turbulent time in the cryptocurrency market, with Ethereum facing significant market challenges and Uniswap grappling
According to CoinShares’ reporting, crypto investment products had a $435 million outflow for the week ending April 26. As the price of Bitcoin is stuck around the low $60,000 level, crypto exchange-traded products (ETPs) have seen withdrawals for three weeks in a row. With $423 million leaving the market after
Ethereum-based restaking protocol EigenLayer unveiled the 43-paged whitepaper of its upcoming token EIGEN on Monday, confirming the airdrop and introducing the new mechanisms — “intersubjective” forking and staking. Launching EIGEN token’s prime purpose is to uphold the ecosystem’s Actively Validated Services (AVSs) security. Significantly, the unique and complex mechanisms are
