The recent surge in the price of Ethereum (ETH) has attracted significant attention, with the token crossing the $3,000 threshold for the first time since April 2022. While this milestone has been met with celebratory reactions in the crypto community, financial expert Fred Krueger has cast doubt on the true valuation of ETH. Krueger, a
Ethereum
Global asset management firm, Bernstein, has expressed confidence in the potential approval of an Ethereum Spot ETF by the United States Securities and Exchange Commission (SEC). Analysts Gautam Chhugani and Mahika Sapra predict that Ethereum, the world’s second-largest cryptocurrency, may be the next digital asset after Bitcoin to win approval for an ETF. Despite initial
Ethereum has shown significant strength in the past day, breaking beyond the $2,900 level and surging almost 4% over the past 24 hours. This marks a clear deviation from Bitcoin’s overall sideways movement, as Ethereum has been able to reach levels not seen since the beginning of May 2022. Investors in Ethereum are currently enjoying
Ethereum (ETH), currently the second-largest cryptocurrency in the market, has been making significant strides in recent weeks, inching closer to the highly anticipated $3,000 mark. This surge in price has led many to wonder if Ethereum is poised for a knockout in February, potentially reaching an astonishing $4,000 by the end of the month. Several
In recent weeks, the price of Ethereum has been on the rise, reaching a one-month high and signaling a growing demand for the asset. Amidst this upward trajectory, an unknown whale in the crypto space has caught the attention of on-chain analytics platform Lookonchain due to their bold strategy. This investor has been actively increasing
Wall Street titan and asset manager Franklin Templeton has recently applied for an Ethereum Spot Exchange-Traded Fund (ETF), marking its foray into the world of cryptocurrency investment products. This move comes after the company faced hurdles in obtaining approval for its Bitcoin Spot ETF earlier this year. With the United States Securities and Exchange Commission
In a recent development, Ethereum co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. This deposit amounts to 22,000 ETH, valued at approximately $41.1 million at the time. The cryptocurrency market has been injected with renewed interest and excitement due to this substantial deposit. It is worth noting
Ethereum (ETH) has been displaying an intriguing pattern in the options market, indicating a concentrated expectation among traders. Options are financial derivatives that grant the buyer the right, but not the obligation, to buy (call options) or sell (put options) the underlying asset at a predetermined price within a specified time. In the case of
Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently launched its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization. Fortune Magazine reported that Prometheum’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as
Despite the downward trajectory of the ETH price in recent times, Ethereum staking has witnessed a remarkable increase. A prominent player in the liquid staking space, Lido Finance, has observed a surge in the amount of ETH being staked, leading to a record high supply being locked. Notably, the total percentage of ETH supply staked
