Ethereum Watch

Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. Advertisements According to the report, Tether recorded an increase in excess reserves, which grew by $850 million. This brought the company’s total excess […]

The United States Securities and Exchange Commission (SEC) has been flooded with many applications for Ethereum (ETH) Exchange-Traded Funds (ETFs) in just one week. The applications currently stand at 12, with the latest addition coming from ProShares, a popular fund manager.  Advertisements The platform filed four applications for Ether-based ETFs, including a dual Ether and […]

In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu.   Advertisements The hacker, who had gained unauthorized access to the protocol, had earlier demanded that the Alchemix Finance team confirm […]

Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). Advertisements […]

According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20 addresses, up from 156,000 on June 18. Although activity has been low overall, there was […]

In a recent court ruling, Ethereum (ETH) was denied non-security status in a case against the U.S. Securities and Exchange Commission (SEC).  Advertisements The court granted the SEC’s motion to dismiss the complaint for declaratory relief on whether Ethereum and the Ethereum Network are securities. While the ruling was a procedural one and not on […]

Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion. Advertisements Although its $1 billion “operational profit” represents a decline from the first quarter, […]

Ethereum price is struggling to clear the $1,880 zone against the US Dollar. ETH could start a fresh decline if it stays below $1,880 and $1,900. Advertisements Ethereum is facing major resistance near $1,880 and $1,900. The price is trading below $1,875 and the 100-hourly Simple Moving Average. Earlier, there was a break below a […]

Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Advertisements Based on data from DeFiLlama, USDT’s market cap is up by over $480 million since […]

Ethereum price is struggling to clear the $1,885 zone against the US Dollar. ETH could start a decent recovery if there is a close above $1,885 and $1,900. Advertisements Ethereum is showing a few bearish signs from the $1,885 resistance. The price is trading below $1,870 and the 100-hourly Simple Moving Average. There is a […]