ETH

Tron Network and Ethereum hit new milestones in the number of transactions

July 24, 2024 1 min read

In recent weeks, there has been a notable surge of activity in the cryptocurrency market, particularly with the Tron Network and Ethereum blockchains achieving noteworthy milestones. The Tron Network has achieved a total of 8.1 billion transactions, with a recent daily volume of 6.8 million transactions. The TRON (TRX) native token accounted for the biggest proportion of transactions, making up 37.97% of the total. The network’s transaction count at the

BlackRock’s Ethereum ETF launch sees over $260 million in inflows

July 24, 2024 1 min read

The introduction of spot Ethereum ETFs in the United States has marked a noteworthy achievement for crypto fans and investors. The Ethereum ETF (ETHA) offered by BlackRock attracted the highest amount of new investments, totaling $266.5 million. This resulted in a daily trading volume above $1 billion. The Grayscale Ethereum Trust (ETHE) witnessed substantial outflows amounting to $484.1 million, in contrast to other ETFs which observed a combination of inflows

The US SEC approves the first-ever Ethereum ETF, marking a major milestone

July 23, 2024 1 min read

The Securities and Exchange Commission (SEC) has approved the inaugural Ethereum Exchange-Traded Fund (ETF), representing a noteworthy achievement for both Ethereum and the cryptocurrency sector. This clearance signifies the increasing recognition and endorsement by institutions, enabling investors to participate in Ethereum directly through a regulated financial product. Companies such as 21Shares, Bitwise Asset Management Inc., BlackRock Inc., Invesco Ltd., Franklin Templeton, Fidelity Investments, and VanEck are anticipated to take part

ETH ETF Launch: How Will It Influence Ethereum and Altcoins?

July 23, 2024 4 mins read

The crypto market remains calm, yet there is a palpable anticipation of a bull run. Altcoins present a promising entry point, showing signs of potential explosive growth. Amidst this atmosphere, the upcoming launch of an Ethereum Exchange-Traded Fund (ETF) could become a pivotal moment. Investors are keen to understand how this new financial product might impact not just Ethereum, but the broader altcoin market. With the ETF on the horizon,

Spot Ethereum ETFs are set to launch on CBOE next week

July 21, 2024 1 min read

The Chicago Board Options Exchange (CBOE) plans to introduce five Ethereum exchange-traded funds (ETFs) on July 23, 2024. The ETFs will be listed on the Chicago Board Options Exchange (CBOE) and will commence trading as a new offering, subject to regulatory approval. The Securities and Exchange Commission (SEC) is responsible for granting approval to the issuers of these ETFs for their S-1 forms, which allows them to be publicly traded.

Ethereum ETFs to draw up to $1 billion monthly

July 15, 2024 1 min read

Kraken’s Head of Strategy, Thomas Perfumo, predicts that Ethereum ETFs could attract up to $1 billion in monthly investments, potentially pushing Ethereum (ETH) to new price highs and benefiting the wider crypto market. Perfumo also highlighted the upcoming US elections as a significant factor in the crypto industry’s future. He identified Ethereum ETFs as a key factor for the crypto market’s growth in the latter half of the year, with

An EtherFi whale dumps ETHFI tokens worth over $1.8 million

July 12, 2024 1 min read

EtherFi (ETHFI), a Ethereum-related token, experienced significant price drops in the last 24 hours after a wallet dumped 880 tokens worth $1.87 million onto the Binance platform. The wallet, identified as “0x57C,” had previously received 10 million EtherFi tokens from the Etherfi team three months ago. The wallet now holds 8.82 million EtherFi tokens, worth around $18.43 million. EtherFi showed a 6% daily decline in price, with a high of

SSV Network Reaches 1M $ETH Staked Milestone

July 9, 2024 1 min read

SSV Network, an Ethereum-focused distributed validator network, announced it has reached 1 million $ETH staked on its platform. The protocol, which went live in December 2023, allows partners and solo stakers to securely distribute ETH validators and earn rewards for becoming node operators. The DAO-owned and open-sourced protocol provides infrastructure for developers to build distributed validator technology (DVT) powered staking applications, increasing resilience, uptime, and decentralization. Restaking, the latest trend

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

June 19, 2024 1 min read

Ethereum (ETH) witnessed a modest rebound in the worldwide crypto markets today, as its value surged by 6% to beyond $3,500. This increase came after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the sale of ETH. Consensys Software, an Ethereum developer, has announced that the SEC’s Enforcement Division will not be taking legal action over the selling of ETH as securities transactions. Despite a substantial surge

Ryoshi: The Visionary Behind Omikami and RyuJin and Emerging Memecoins in 2024

June 18, 2024 6 mins read

In the ever-expanding universe of cryptocurrency, few names command as much intrigue and reverence as Ryoshi. Known for his pioneering work in blockchain technology, Ryoshi, the enigmatic creator of decentralized community-driven projects, has emerged as the driving force behind Omikami and RyuJin. This is the story of how one visionary, disillusioned by past experiences, is revolutionizing the crypto world and creating a fascinating universe of possibilities. A Journey of Reinvention:

Crypto Whales Buy $2,450,000,000 in Ethereum

June 18, 2024 1 min read

Crypto analyst Ali Martinez has reported that wealthy investors are amassing billions of dollars in Ethereum (ETH) due to its bullish signal on its daily chart. Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum. The TD Sequential has issued

Is altcoins season over or just starting?

June 17, 2024 1 min read

Altcoins are currently undergoing a substantial decline in the cryptocurrency market, while Bitcoin is maintaining a reasonably steady position. Although Bitcoin is currently trading below $66K, altcoins have experienced significant declines, completely eliminating the profits gained during the March rise. The prevailing market sentiment is pessimistic, as the demand for an upcoming cryptocurrency season is diminishing. The bearish trend can be attributed to two main factors: a 5% decline in