Browsing:Ethereum

Ethereum ETFs in the US are being met with doubt and uncertainty as a result of the SEC failure to effectively communicate with supporters.
3 days ago 1 min read

The US SEC’s silence casts doubt on Ethereum ETF approvals, worrying industry leaders

Ethereum exchange-traded funds (ETFs) in the United States are being met with doubt and uncertainty as a result of the Securities and Exchange Commission’s (SEC) failure to effectively communicate with supporters. CEOs Jan van Eck and Eric Balchunas have voiced apprehensions on the likelihood of approval, namely for the month of May. Eric Balchunas, Bloomberg’s Senior ETF Analyst, has revised the probability of approval to 35% as a result of the ongoing lack of response from the SEC. Several applications for spot Ether ETFs are now delayed without any recent revisions, while seven additional proposals are still pending comments from

Bitwise seeks UK SEC approval for Ethereum ETF
3 weeks ago 1 min read

Bitwise seeks UK SEC approval for Ethereum ETF

Bitwise has submitted an application for an Ethereum Exchange-Traded Fund (ETF) after achieving favorable results with its Bitcoin ETF. The application incorporates a correlation study between ETH and BTC, with the objective of presenting evidence to the SEC that an Ethereum ETF should be granted permission based on shared characteristics in market dynamics. Bitwise is diversifying its investment portfolio by entering the Ethereum market with the introduction of the Bitwise Ethereum Strategy ETF (AETH), which provides investors with the opportunity to trade Ethereum futures. Bitwise’s ETF proposal distinguishes itself from other rivals by not include any mention of staking, which

The Securities and Exchange Commission has postponed its verdict on Grayscale's Ethereum futures ETF
4 weeks ago 1 min read

They US SEC delays Grayscale Ethereum ETF decision again, now aiming for May 2024

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale’s Ethereum futures ETF, setting a new deadline of May 30, 2024. The delay is to allow more time for thorough consideration of the proposal and related concerns. Bloomberg’s ETF analyst James Seyffart predicted this delay recently. This suggests that Grayscale’s strategy is more sophisticated than it appears. Seyffart believes Grayscale is using the delay strategically to challenge the SEC’s stance and push for the approval of a spot Ethereum ETF. This is not the first time the US SEC has extended its review of Grayscale’s Ethereum futures

The US SEC extends the deadline for its decision about Ethereum ETF to May 30
1 month ago 1 min read

The US SEC extends the deadline for its decision about Ethereum ETF to May 30

The US Securities and Exchange Commission (SEC) has postponed its judgment on whether to approve the Hashdex Nasdaq Ethereum exchange-traded fund. This comes as the regulator decided to postponed the decision on May 30, 2024, and the fund will hold ether spot and futures contracts if approved. The Nasdaq Stock Exchange (NSE) filed an application with the SEC in September, and Toroso Investments administers and controls the fund. In addition, the SEC solicited public comment on the ETF in December and has postponed a decision on many occasions. Also, the SEC has postponed its decision on the ARK 21Shares Ethereum

Banking Consortium R3 Leads $9M Round in Encrypted Layer 2 on Ethereum
1 month ago 3 mins read

Banking Consortium R3 Leads $9M Round in Encrypted Layer 2 on Ethereum

London, UK, March 15th, 2024 TEN, an encrypted Ethereum Layer 2 network, announces a funding round of $9 million USD, led by digital powerhouse R3. Obscuro Labs’ TEN is an Ethereum Layer 2 roll-up platform addressing critical encryption and scaling issues in blockchain applications. R3, a consortium of 42 of the world’s largest banks exploring blockchain-based RWA tokenization and CBDC, has been a major supporter of TEN from its inception. Over half of TEN’s senior team hails from R3, which developed the leading tokenization platform Corda, bringing significant experience to the table.  In addition to R3, the funding round includes

Ethereum Dencun also releases nine Ethereum Improvement Proposals (EIPs)
1 month ago 1 min read

The Dencun upgrade, the biggest Ethereum update ever is now live on the Ethereum mainnet

The Dencun upgrade, the biggest Ethereum update, has been enabled on the Ethereum mainnet. The upgrade uses EIP-4844, also known as Proto-Danksharding, to build a dedicated data channel on Ethereum for layer-2 data, drastically lowering transaction costs on rollups. In addition, Dencun also releases nine Ethereum Improvement Proposals (EIPs), tying it for the most upgrades released in a single hard fork. Following Dencun, the Ethereum foundation team stated that most rollups and their users will notice advantages within hours to days, since the availability of data blobs on Ethereum should reduce transaction costs by 5-10x. This tangible advantage to customers

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet
2 months ago 1 min read

Ethereum announces Dencun upgrade is officially live on all testnets

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob transactions, EIP-5656 for memory copying instruction. Plus, EIP-6780 for SELFDESTRUCT only in the same transaction, EIP-7044 for perpetually valid signed voluntary exits. In addition, EIP-7045 for increase of the maximum

Ethereum (ETH) surpasses $2,486
2 months ago 1 min read

Ethereum (ETH) price breaks $2,485 as anticipation grows for its game-changing Dencun upgrade

Ethereum (ETH) surpasses $2,486. The main cause of this large price movement is the increasing interest in Ethereum’s most recent network upgrade, the Dencun upgrade. The successful rollout of this upgrade on the Holesky testnet recently garnered media attention, marking a significant milestone before its eventual deployment on Ethereum’s mainnet, scheduled for March. The Ethereum development community has been working hard; earlier in January, tests were carried out on other testnets, such as Goerli and Sepolia. The Ethereum network is about to see major improvements thanks to the Dencun upgrade. The goal is to increase the network’s transaction handling capacity

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap
3 months ago 1 min read

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

Jupiter, a decentralized exchange (DEX) operating on the Solana blockchain, has made waves by achieving an impressive $480 million in trading volume within 24 hours. Notably, the surge in activity propelled Jupiter ahead of Ethereum’s Uniswap, surpassing its trading volume by $10 million, according to data reports. A significant catalyst for this surge was the introduction of “Wen,” a new memecoin distributed via an airdrop on the Jupiter platform. The airdrop was aimed at Solana users who had interacted with Jupiter DEX within the previous six months, as well as owners of Solana Saga phones. Wen’s creation serves as an

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone
3 months ago 1 min read

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone

Ethereum (ETH), which recently reached a high of $2,717, is now at a crossroads as it faces a gradual decline. Crypto analyst Ali identifies a critical demand zone, ranging from $2,388 to $2,460, that holds the key to Ethereum’s current price trajectory. Ali emphasizes the importance of the demand zone between $2,388 and $2,460, describing it as a critical support level. The resilience of Ethereum in this zone could be a deciding factor for a potential upward movement, providing much-needed relief from the current bearish pressures. Analysts predict that if Ethereum can maintain its position within the identified demand zone,

Ethereum Drops Below $2,400
3 months ago 1 min read

Ethereum Drops Below $2,400: Will ETH Dip More?

Ethereum, the second-largest crypto, is under bearish pressure, having fallen 3% in the last 24 hours, with a current value of $2,337. Despite the recent downturn, Ethereum has reached a significant milestone by surpassing Bitcoin (BTC) in terms of long-term holders. While the increase in Ethereum’s long-term holders represents investor confidence and commitment, it has also sparked discussions about potential challenges. Concerns are raised about reduced liquidity and potential barriers to short-term price performance. This phenomenon, while beneficial during the accumulation phase, may slow down immediate price movements. Recent blockchain analytics from PeckShieldAlert have shed light on notable Ethereum transactions.

Ethereum (ETH) has fallen 4.39% over the last week
3 months ago 1 min read

Ethereum Drops Below $2,500; What’s Next?

Ethereum (ETH) is at a critical juncture as it deals with resistance levels and volatile market shifts. ETH has fallen 5% over the last week, trading at $2,462, with a 2.38% drop in the last 24 hours. Ethereum’s recent struggles to surpass the $2,580 level reflect the broader sentiment post-Bitcoin ETFs, in which negative market sentiment has impacted both BTC and ETH. The bearish trend continues as ETH remains below the $2,500 threshold and the 100-hourly simple moving average. Despite an over 13.5% increase in daily trading volume, bears maintain their influence. Despite recent struggles, Ethereum has shown a bullish

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus