Futures Traders Turn to Ethereum as ETF Investors Shift to Bitcoin
Simply put The 24-hour trading volume for Ethereum futures reached $49.4 billion, outpacing Bitcoin’s $42.9 billion. In just ten days, the US Spot Bitcoin ETF saw inflows of $13.9 billion, while the Ethereum ETF experienced outflows of $668 million. As Bitcoin’s market share declined, Altcoins’ proportion of total trading volume increased to 50% this week, […]
SEC Delays Decisions on BlackRock Ethereum ETF Staking, Franklin XRP, and Solana Funds
Simply put The SEC has extended the staking deadline for the BlackRock Islands Ethereum Trust, now due by October 30th—about 45 days later than originally planned. Additionally, decisions on the Franklin Templeton XRP and Solana Fund have been postponed to November 14th, a 60-day delay. Recently, the SEC has been delaying decisions regarding several spot […]
Cboe to Launch Ongoing Bitcoin and Ethereum Futures for US Customers
Simply put Derivatives Exchange Cboe is looking to launch continuous Bitcoin and Ethereum futures for its U.S. clients. If it gets the green light from regulators, these products could be available starting in November. As it stands, traders in the U.S. only have access to futures that have already expired. So, Cboe is planning to […]
Ethereum Treasury SharpLink Begins $1.5 Billion Stock Buyback
Simply put Sharplink Gaming has started acquiring shares in SBET as a part of its $1.5 billion share buyback initiative. The company repurchased 930,000 SBET shares, which is roughly valued at $15 million, at an average cost of $15.98 each. Following this, SBET shares saw a 4.4% increase, even though they experienced a decline of […]
Ethereum gained $1 billion in stablecoins nearly every day last week.
Ethereum Sees Surge in Stablecoin Supply Ethereum has added around $5 billion in new stablecoins in just the past week, bringing the total stablecoin supply on its network to an unprecedented level. As of now, the stablecoin supply on Ethereum has more than doubled since January 2024, reaching an impressive $165 billion. Reports indicate this […]
Bitcoin, Dogecoin, and Solana Rise; Ethereum Remains Stable: Expert Suggests BTC Breaking Above This Level Could Be A Significant Catalyst
Cryptocurrency Market Update The major cryptocurrencies saw an uptick on Sunday, supported by investors ahead of significant inflation data coming out this week. Cryptocurrency Gain +/- Price (recorded at 9:30 PM ET) Bitcoin +0.26% $110,807.77 Ethereum -0.14% $4,288.17 XRP +2.05% $2.87 Solana +1.92% $205.89 Dogecoin +5.03% $0.2279 Bitcoin Faces Resistance Bitcoin struggled to surpass the […]
Linea: All You Should Understand About the Airdrop and Token of the Ethereum Layer-2 Network
Simply put Linea tokens will initiate their airdrop on September 10th. Over 9 billion tokens will be accessible to early participants once claims open. Eventually, 75% of the total supply will be allocated to ecosystem participants. Linea, an Ethereum Layer-2 Network, plans to utilize the forthcoming Linea tokens as a means to attract global capital […]
Ethereum Price Could Dip Soon Due to This Indicator
Ethereum’s recent recovery seems to have hit a snag, as ETH has been trading sideways under increasing sales pressure. This hesitance primarily comes from long-term holders (LTHs) who are keen to secure their profits. While this behavior isn’t new, its resurgence introduces fresh concerns. Key Ethereum Holders Selling Metrics from LTH NET regarding Unrealized Profit […]
SharpLink Plans to Investigate Staking Part of $3.6 Billion Ethereum Treasury on Linea, According to CEO
Simply put Sharplink Gaming is set to explore staking its Ethereum holdings within the Linea network once it launches on Mainnet. Joseph Chalom, co-CEO of Sharplink, mentioned that the company is currently staking a significant portion of its assets through custodians, though plans are in place to evolve this strategy. Sharplink has joined the Linea […]
First Dogecoin ETF is about to launch, but it differs from Bitcoin and Ethereum.
Dogecoin ETF Set to Launch The Dogecoin Exchange-Traded Fund (ETF) is on the verge of entering the market. This week, Rex Shares and Osprey Funds revealed that they will soon launch “Doje,” an ETF designed to follow the performance of the well-known Memecoin. “Doje will be the first ETF allowing investors to gain exposure to […]