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cryptocurrency June 3, 2024

The US Securities and Exchange Commission (SEC) approving Ethereum spot ETFs was a big step for the cryptocurrency market. Advertisements The regulator’s decision followed the earlier approval of Bitcoin spot ETFs, which led to a massive inflow of capital into BTC. Ethereum ETFs Could Record Massive Inflows After Launch A prominent crypto researcher Bobby Banzai […]

cryptocurrency June 3, 2024

Significant movement has occurred in the crypto market since the US Securities and Exchange Commission’s (SEC) preliminary approval for spot Ethereum exchange-traded funds (ETFs). Advertisements A recent analysis by CryptoQuant highlights that unidentified entities have withdrawn over 800,000 Ethereum (ETH) from crypto exchanges, valued at approximately $3 billion. Surge in Ethereum Withdrawals Signals Investor Optimism […]

cryptocurrency June 3, 2024

The winds of change are blowing through the Ethereum ecosystem. Since the long-awaited approval of spot Ether ETFs in the US on May 23rd, a quiet exodus of Ether has been underway. A massive amount of the world’s second-largest cryptocurrency, or around $3 billion, has vanished from centralized exchanges, marking the lowest level of Ether […]

cryptocurrency June 2, 2024

Interest in Ethereum NFTs declined materially as sales plummeted over the past month. ETH’s price remained stable, but network growth continued to decline. Even though the price movement of Ethereum [ETH] was in a positive direction over the last few days, the ecosystem of Ethereum was facing some major problems. NFT volumes begin to fall […]

cryptocurrency June 2, 2024

Ethereum, the world’s second-largest cryptocurrency, finds itself at a critical juncture. After a strong 25% surge in the past month, outperforming its peers, Ethereum is facing a formidable hurdle in the form of resistance levels around $3,795 and $3,846. Analysts are watching this price battle closely, as it could determine the coin’s trajectory in the […]

cryptocurrency June 1, 2024

$4.7 billion in BTC and ETH options are set to expire, potentially influencing market volatility. Technical analysis on the chart shows us possible price movements for Bitcoin and Ethereum following the options expiry In the financial markets today, all eyes are on the cryptocurrency sector as it braces for a significant event. Advertisements Both Bitcoin […]

cryptocurrency June 1, 2024

The race to lower fees for spot Ethereum exchange-traded funds (ETFs) has begun as applicants aggressively reduce costs to attract investors. Advertisements Experts note that fee wars are common in the ETF industry, as issuers tend to reduce their expense ratios to attract inflows. The crypto industry experienced this firsthand during the January approval process […]

cryptocurrency June 1, 2024

Following the abrupt approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC), several prospective issuers have now filed amended versions of their S-1 forms. This development follows an initial directive from the commission that necessitated all asset managers vying to launch an Ether Spot ETF  to submit their draft S-1 […]