Ethereum Watch

Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. Advertisements While this decline can […]

Bitcoin has seen more NFT sales than Ethereum in the last week. BAYC’s floor price has plunged to its 2021 levels.  The sales volume of non-fungible tokens (NFTs) on the Ethereum [ETH] network has surged in the past two days, exceeding that of Bitcoin [BTC]. However, according to CryptoSlam’s data, the Bitcoin network holds the […]

Robert Mitchnick, BlackRock’s Head of Digital Assets, indicated a tepid interest from the firm’s client base in an Ethereum exchange-traded fund (ETF), starkly contrasting the growing demand for Bitcoin. Advertisements This revelation came during the Bitcoin Investor Day conference in New York, where Mitchnick shared insights into the company’s digital asset strategy and its reception […]

There exists a disconnect between regulators and potential issuers regarding Ethereum ETF approval. ETH experienced a significant decline as investors brace for potential challenges ahead. The Securities and Exchange Commission (SEC) is actively pursuing a legal campaign to reclassify Ethereum [ETH] as a security. Advertisements The development has rattled several U.S. companies, which have been […]

Ethereum price is attempting a recovery wave above the $3,500 zone. ETH must clear the $3,580 resistance to continue higher in the near term. Advertisements Ethereum started a decent recovery wave above the $3,350 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish […]

Coinbase’s Chief Legal Officer, Paul Grewal, has taken a strong stance on the ongoing debate regarding Ethereum’s status as a security or commodity. Advertisements Amidst the US Securities and Exchange Commission’s (SEC) rigorous legal efforts to potentially classify Ethereum as a security, Grewal emphasizes its longstanding recognition as a commodity. Ethereum Is Not a Security […]

Vitalik Buterin, a co-founder of Ethereum, announced the introduction of a new staking concept termed “Rainbow Staking.” Advertisements This initiative aims to revamp the economic structure of the network by implementing a dual-pronged staking mechanism. The approach distinguishes between heavy and light services, offering a framework that impacts the distribution of rewards. Vitalik Buterin Introduces […]

$4.27 million ETH liquidations occurred over the last 24 hours in the DeFi sector. Traders turned bearish as IV grew. Over the last week, the price of Ethereum[ETH] has fallen tremendously coinciding with the correction in Bitcoin’s[BTC] price. Advertisements Bulls get punished Based on Parsec’s data, DeFi saw over $5.4 million in collateral liquidated within the […]

Ethereum price started a recovery wave from the $3,050 zone. ETH is up over 10% and is now struggling to clear the $3,550 resistance zone. Advertisements Ethereum started a decent recovery wave from the $3,050 zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a major […]

The Ethereum Foundation, a Swiss non-profit central to the Ethereum ecosystem, reportedly faces scrutiny. An undisclosed “state authority” is investigating the organization, revealed through a GitHub repository update on February 26, 2024. Advertisements The nature and details of the probe remain shrouded in mystery. Ethereum Dips 2% in Less Than 5 Minutes The Ethereum Foundation […]