Stay up to date with Ethereum News, dedicated to covering the second-largest cryptocurrency’s technological developments, Ethereum-based projects, and market changes. Discover the latest on DeFi expansions, Layer-2 solutions, and smart contract innovations shaping the future of Ethereum’s ever-evolving ecosystem.
Metalpha liquidates 37.5% of its $ETH holdings, totaling 33,589 ETH ($77.55M) in four days but still retains 51,300 ETH ($120M). Despite this, $ETH price remains resilient, up 1.92% at $2,345, with potential to rally to $3,500.
Binance promotes $EURI with zero fees via SEPA transfers until Oct 5, sparking a 412% surge in trading volume. This move may drive rallies in $BTC, $ETH, $XRP, and other altcoins, highlighting Binance’s market influence.
VanEck will close its $EFUT Ethereum Futures ETF by Sept 16, 2024, shifting focus to a spot Ethereum ETP. Investors will receive cash distributions on Sept 23. The move highlights changing investor preferences towards direct cryptocurrency investments.
VanEck’s Matthew Sigel defends $ETH amid criticisms, citing its economic model and utility. Despite bearish sentiment and macro challenges, analysts remain optimistic about Ethereum’s long-term growth potential.
Recent US job data and recession fears, along with stock market declines, have sparked a massive sell-off in the crypto market. Analysts suggest $BTC may benefit long-term as a hedge against economic turmoil, similar to gold.
VanEck will liquidate its Ethereum futures ETF, $EFUT, by Sept. 16, 2024, due to performance and low investor interest. Focus shifts to the newly SEC-approved spot Ethereum ETP, $ETHV. This highlights a trend towards spot ETFs over futures.
Vitalik Buterin to donate proceeds from his Layer 2 and other token projects, including $OP, $STRK, and $BLAST, to Ethereum ecosystem initiatives and broader charities. Buterin hasn’t kept any sales proceeds since 2018, fostering community trust.
Ethereum Foundation to release financial report amid community concerns. Annual expenditure: $100M. Holdings: $650M in $ETH. Fiat reserves to sustain operations for years. Sold 239,000 $ETH since 2021, capitalizing on price peaks. #CryptoNews
Significant capital outflows hit US $BTC and $ETH ETFs in early September, with $BTC ETFs losing $211.15M on Sep 5 and $ETH ETFs seeing a $152,720 outflow. Key funds like FBTC, BITB, and GBTC experienced notable losses.
Vitalik Buterin allocates all his crypto earnings, including L2 tokens, to the Ethereum ecosystem and charitable causes, prioritizing community support and transparency since 2018. This integrity-driven approach sets a precedent in the crypto space.
PixelRealm partners with Neon EVM to bring Ethereum games to Solana, reducing development costs and time. Blockchain gaming sees renewed interest with $580M invested in 2024. PixelRealm, supported by Binance Labs and Polygon Studios, serves over 120,000 players.
Monochrome Asset Management seeks approval for an Ethereum ETF under ticker $IETH on Cboe Australia, aiming to provide regulated exposure for retail investors. This follows their successful Bitcoin ETF, $IBTC, highlighting Monochrome’s role in Australia’s crypto ETF market.
Monochrome applies for Ethereum ETF (IETH) listing on Cboe Australia, aiming to offer regulated access to Ethereum investments for retail investors. This follows their successful Bitcoin ETF launch, signaling growing crypto acceptance in traditional finance.
Significant capital outflows hit U.S. Bitcoin and Ethereum ETFs, with $BTC ETFs losing $37.29M and $ETH ETFs losing $37.51M on Sep 4, 2024. Key funds like $GBTC and $ETHE were impacted, while Hong Kong’s market remained stable.
