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.
Mantle rebrands its liquid staking protocol to mETH Protocol. With 500,000+ ETH staked since Nov 2023, $mETH is now the fourth-largest ETH liquid staking token. New assets $cmETH and $COOK introduced, positioning Mantle for growth in DeFi. #Ethereum
Tether ($USDT) boosts liquidity with $33B issuance on Ethereum and TRON in 2023. Market cap hits $116.93B, holding 69.49% dominance. Strategic reserve replenishment enhances stability and innovation, benefiting the broader crypto community. #Cryptocurrency #Blockchain
$ETH correction phase nears end as CryptoQuant analysts report a resurgence in buyer activity. Positive buyer/seller ratio and rising open interest signal potential market recovery, with Ethereum trading around $2650. #Crypto #Ethereum #MarketUpdate
Crypto adoption surged 6.4% in H1’24, with Bitcoin ($BTC) and Ethereum ($ETH) leading. Bitcoin ownership hit 314M, boosted by spot ETFs and the fourth halving, while Ethereum saw a 9.7% rise to 136M, driven by the Dencun upgrade.
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
$BTC forecasted to hit $64K by August’s end, trading above $58K. $ETH faces potential dip below $2300 amid market volatility. Experts stress patience for optimal gains in this bullish yet unpredictable crypto landscape. #Bitcoin #Ethereum #CryptoNews
Ethereum co-founder @VitalikButerin transferred 400 ETH ($1.05M) to privacy-focused mixer Railgun on Aug. 19. Over ten months, Buterin has moved 662 ETH ($1.91M) to Railgun, highlighting the growing importance of privacy solutions in crypto.
Ethereum ETFs to Capture 50% of Bitcoin ETF Inflows, Says Expert. Vance Spencer predicts a balanced 50-50 allocation between $BTC and $ETH ETFs, highlighting a pivotal market shift as institutional investors diversify their crypto investments.
Bitcoin ETFs ($BTC) gain $11.11M on Aug 15, 2024, while Ethereum ETFs ($ETH) face $39.21M outflow. @Fidelity, @BitwiseInvest, and @Grayscale see Bitcoin inflows, but Grayscale’s Ethereum Trust hits $42.52M outflow. Potential market sentiment shift. #CryptoNews
Ethereum ETF outflows hit $39.2M as whale dumps 2,978 $ETH for $720K profit. Technical indicators suggest further price declines. Investors should monitor key support at $2,060 and resistance at $2,817. @CryptoQuant_alert
#Ethereum #CryptoNews
IMF proposes 85% electricity tax on AI and crypto mining to curb emissions. These sectors use 2% of global electricity, potentially rising to 3.5%. Tax could generate $23.2B annually. ChatGPT uses 10x more power than Google Search. #Sustainability @IMF
? Bitcoin ETF outflows hit $81.36M on Aug 14, while Ethereum ETFs gain $10.77M in inflows. Selective inflows seen in $IBIT and $EZBC. Shifting investor preferences highlight growing confidence in $ETH. #Cryptocurrency #ETF
Vitalik Buterin donates 200 $ETH ($532,398) to Animal Welfare Fund, showcasing crypto’s role in philanthropy. This move impacts the meme coin market, highlighting new funding methods for public projects. Read more: [link]
Fidelity’s $BITO and $ETHE ETFs see strong market reception, says Cynthia Lo Bessette. Skepticism lingers for alternative crypto ETFs like Solana. Ethereum ETF staking awaits SEC approval. Fidelity eyes stablecoin and tokenized treasury products. @Fidelity #CryptoNews
