Ethereum Watch

Grayscale’s CLO reiterated the SEC’s strong case for Ether ETF approval.  Commodity futures also suggested potential for spot Ether ETF approval. 2024 has been a significant year for the cryptocurrency market, marked by strong recovery in prices and investor confidence. Advertisements With the success of Bitcoin [BTC] ETFs, attention has turned to the possibility of […]

An analysis suggested a bull rally for altcoins. Market indicators remained bearish for XRP and Ethereum.  The market witnessed quite some volatility in the recent past, but altcoins like Ethereum [ETH] and Ripple [XRP] held their ground last week. Advertisements In fact, a recent analysis hinted at yet another altcoin rally in the coming days.   […]

Solana recorded the highest stablecoin volumes for three months in a row. Solana’s rise was linked with the growth of USDC. Solana [SOL] has solidified its position as the largest chain for stablecoin settlements, outperforming its competitors comprehensively. Advertisements Solana for stablecoins According to AMBCrypto’s analysis of Artemis data, the network handled more than $310 […]

SEC was looking to label ETH as a security per a recent investigation. Lack of communication between applicants and the regulator was concerning. Bitcoin [BTC] may have seen the light of day but the second-largest cryptocurrency, Ethereum [ETH], may not be as lucky to get its widely-anticipated spot exchange-traded funds (ETFs) approved in the U.S. […]

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 […]

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 […]

$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 […]

SEC’s latest delay announcement has spurred some degree of skepticism Experts are now revising the odds of an Ethereum spot ETF being approved The United States (US) Securities and Exchange Commission (SEC) has pushed back its verdict on the proposed Ethereum [ETH] exchange-traded funds (ETFs) by Hashdex and ARK 21Shares.  Advertisements This delay, announced on […]

The Ethereum vs Solana debate took a renewed twist in the third week of March after Solana hit crucial milestones.  Advertisements For starters, Solana’s [SOL] search interest on Google Trends surpassed Ethereum [ETH]. This indicates a spike in retail attention to SOL compared to ETH.  Additionally, SOL flipped BNB based on market cap and climbed […]

ETH’s total value deposited surpassed $25 billion. The heightened demand likely stemmed from the anticipation of the Dencun upgrade. Over the past year or so, scaling solutions have played a substantial role in boosting demand for the Ethereum [ETH] ecosystem. Advertisements Built atop the base layer of Ethereum, these so-called layer -2 (L2) chains were […]