On Wednesday, the long-awaited Dencun Ethereum upgrade finally went live, promising cost-effectiveness within the network ecosystem. However, the deployment didn’t seem to favor Ether’s (ETH) price, as it dipped by 3.6% from $4,083 to $3,936, according to CoinMarketCap data. Further, Singapore-based digital asset trading firm QCP Capital has warned about
While Ethereum’s highly anticipated Dencun update looms, ETH’s options market is sending mixed signals, raising concerns among traders. According to market analysts at QCP Capital, ETH’s risk reversals have turned negative for near-term expiries, indicating a surge in demand for put options. This shift suggests a growing grasp of a
At ETHDenver 2024, CESS (Cumulus Encrypted Storage System), a blockchain-based decentralized storage and content delivery infrastructure, showcased its innovations. They not only took the stage at the R3al World @ETHDenver, the leading event for DePIN builders and innovators, but also made their mark at the Polkadot Mini-Summit, engaging the audience
Aims to launch spot Ethereum and Bitcoin ETFs were spurred by the growing cryptocurrency sector and the recent regulatory green light in Hong Kong. As applications for spot Bitcoin ETFs are coming in fast, there have been reports that Hong Kong might launch spot Ethereum ETFs before the U.S. Ten
As the cryptocurrency market continues to witness remarkable surges, Ethereum (ETH) stands out as the undisputed leader, demonstrating resilience and potential for further growth. Ethereum’s recent surge beyond the $3,700 mark has not only captured the attention of investors but also paved the way for exciting opportunities within the altcoin
U.S. investment losses in 2023 were mostly attributable to crypto-related investment fraud, according to the Federal Bureau of Investigation (FBI). Investment losses associated with cryptocurrency jumped 53% from $2.57 billion in 2022 to about $3.94 billion in 2023, according to a new report from the FBI. At the same time,
Based on Gary Gensler’s response to a query on the possibility of spot Ethereum ETF clearance, it seems that applicants for this product could have a lengthier wait than anticipated. Gary Gensler, chairman of the U.S SEC, spoke with Yahoo Finance’s Jennifer Schonberger yesterday. She brought up the topic of
Amidst a continuous downturn in the NFT market, the Bored Ape Yacht Club (BAYC) has witnessed its floor price plummet to 17.55 ETH or $66129.98, marking a significant dip since August 2021, when it last dipped below 20 ETH. This decline represents a significant 189% decrease from its peak of
With over 3 million active users and with its TVL scaling beyond $600 million, the Base Network (a solution pioneered by Coinbase) has proven to be a successful train that keeps on moving. Typical of 1xBit to key into trends, it recently announced its inclusion of the network to further
Investors and market experts are taking notice of the substantial transaction that the Ethereum Foundation has completed, selling off $13.3 million worth of Ethereum (ETH). People are talking about how this action by the foundation, which is highly vital to the cryptocurrency industry, may affect Ethereum’s market position. Ethereum has
