Is Ether a security? What happens if the SEC says it is?
Ethereum (ETH), the second-largest crypto by market cap, has been under scrutiny regarding its classification as a security by the U.S. Securities and Exchange Commission (SEC). Recent reports indicate that the SEC is considering whether to classify ETH as a security, which has significant implications for the cryptocurrency market and ETH’s ecosystem. This classification debate […]
SEC’s potential decision on Ether custody sparks concerns over market regulation
Amidst growing speculation over the classification of Ethereum’s native cryptocurrency, Ether (ETH), the Securities and Exchange Commission (SEC) faces a pivotal decision regarding the custody of this digital asset. The recent move by a registered firm to custody Ether has ignited debate within regulatory circles, prompting concerns over potential conflicts between financial market rules in […]
Cryptocurrency market analysis: Ether’s rise signals increased risk appetite among investors
Cryptocurrency investors are closely monitoring the recent surge in alternative cryptocurrencies (altcoins), particularly meme coins, as concerns over the sustainability of sharp gains arise. One notable trend drawing attention is the spread between bitcoin and ether perpetual funding rates, indicating a shifting risk appetite within the market. Ether perpetual funding rates surge above Bitcoin Recent […]
Institutional investors show strong preference for Ether over Bitcoin: Bybit research
A recent study by Bybit research unveils a noteworthy trend among institutional investors in the cryptocurrency space, showing a pronounced preference for Ether (ETH) over Bitcoin (BTC). This shift in investment strategy contrasts with the approach of retail investors, who display a stronger inclination towards Bitcoin and a more diversified interest in various altcoins. According […]
Analysts debate Altcoin resurgence as Ether surges
As Ether, the native cryptocurrency of the Ethereum blockchain, inches closer to the $3,000 mark, discussions surrounding a potential resurgence of altseason have intensified within the crypto community. However, while social media buzzes with optimism, analysts remain divided on the likelihood and timing of such an event. Ether’s rally sparks Altseason speculation In recent weeks, […]
Bitcoin futures open interest hits new high, echoing November 2021 peak
The cryptocurrency market has witnessed a significant milestone as open interest for Bitcoin futures on centralized exchanges soared to a new annual high, reaching levels last observed in November 2021. According to data from CoinGlass, the aggregated open interest in Bitcoin futures escalated to $22.9 billion this Monday, closely approaching the historical peak of approximately […]
Ether’s bullish momentum pushes towards $3,000 amidst ETF speculation
Ether, the second-largest cryptocurrency by market capitalization, has been on a remarkable upward trajectory over the past 10 days, surging by 21.5% and edging closer to the coveted $3,000 mark. This surge in price is primarily attributed to the positive sentiment surrounding the recent launch of a spot Bitcoin exchange-traded fund (ETF) in the United […]
Mysterious burning of $4.5 million worth of Ether baffles crypto community
The crypto community was recently stunned by a mysterious act involving burning 2,500 Ether (ETH), equivalent to $4.5 million. On July 26, an unknown individual using the Ethereum Name Service (ENS) name “nd4.eth” sent a substantial amount of Ether to a burn address, effectively destroying the coins and removing them from circulation. The event has […]
CME Group to launch Ether/Bitcoin ratio futures, expanding crypto offerings
CME Group, the renowned derivatives exchange, has unveiled its plans to introduce Ether/Bitcoin (ETH/BTC) ratio futures, further expanding its cryptocurrency offerings. The launch of these innovative futures contracts is set for July 31, subject to regulatory approval. Building upon its success in the cryptocurrency market, CME Group has steadily broadened its digital asset portfolio over […]
Tornado Cash DAO attacker transfers Ether and TORN tokens, raising concerns over the security of treasury funds
Tornado Cash DAO, the privacy-focused cryptocurrency mixing service, was reportedly breached in a sophisticated cyberattack over the weekend. A series of transactions revealed that the culprit has begun moving the ill-gotten funds, stirring alarm among stakeholders and experts in the blockchain community. Blockchain data provided by Etherscan showed the movement of 100 ether (ETH) and […]
Binance, Coinbase lose $700M in Ether as decentralized liquid staking gains momentum
Blockchain data reveals that centralized crypto exchange giants Binance and Coinbase have experienced significant outflows of staked ether (ETH) since Ethereum’s Shanghai upgrade, as investors migrate to decentralized competitors. According to a Dune Analytics data dashboard, Coinbase’s staking platform has experienced a $367 million net outflow of staked ether since April 12, as withdrawal requests […]
Ether hits 9-month high ahead of Shanghai upgrade
The upcoming Ethereum network upgrade is driving capital to ether (ETH) and staking-focused tokens. This comes as traders anticipate higher prices for these assets in the future. Ether, the top performer among major tokens, rose 5% in the last 24 hours to more than $1,920 on Wednesday morning. According to CoinMarketCap data, this is the […]
Ether circulating supply hits record low post The Merge
Ethereum’s circulating supply is at a record low since the Merge – around 120.5 million tokens. The Merge is one of the most significant technical modifications in Ethereum network history. It converted the network from proof-of-work to proof-of-stake and significantly reduced Ether net issuance. The declining supply of Ether is due to the growing price […]
Ethereum developers are to release Staked Ether in March 2023
Ethereum is one of the top cryptocurrencies in the crypto world, and anything that happens will directly or indirectly impact the overall market. The news that Ethereum will release its hard fork, Shangai, and stacked Ether will be released in March will probably improve the prevailing sentiments about the market. The news came to light […]
Fidelity opens retail crypto trading accounts: When can users start trading?
One of the world’s largest financial services organisations, Fidelity has officially started opening retail bitcoin (BTC) and ether (ETH) trading accounts. Earlier this month, the company announced its move into the crypto market and launched an early access list. Users on the list have received an email stating “The wait is over”, which further details […]
Tether keeps its distance from Celsius accusations in new reports
According to Tether, the ongoing issue with Celsius’ native cryptocurrency has nothing to do with the stablecoin operator Tether and won’t have an effect on its USDT holdings. On Monday, Tether released a statement in response to news that prominent cryptocurrency lending site Celsius had suspended accepting withdrawals because of a purported liquidity concern. The […]
