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The Ethereum Foundation sold 150 ETH for 497,250 DAI via Cow Protocol, amid consistent sales and a $294.9 million transfer to a new wallet. Analysts predict increased volatility with a 2024 target above $4,000.
BlackRock Ether ETF saw $118M inflows on July 30, 2024, despite Ethereum’s price falling 1.21% to $3,274.43. Grayscale’s ETHE faced $120M outflows, while mini-ETH and Fidelity FETH saw $12.4M and $16.4M inflows, respectively.
Ethereum, co-founded by Vitalik Buterin, celebrates its 9th anniversary with a market cap over $400B, 2.45B transactions, and 7M+ users. Major upgrades like the Merge have reduced fees and transitioned it to proof-of-stake.
An ICO whale moved 1998.9 ETH, worth $6.7M, after nine years. The transfers, coinciding with ETH’s $3350 price, highlight the long-term investment potential in crypto and may impact market liquidity and volatility.
Justin Sun, founder of Tron DAO, unstaked 1,768 ETH ($5.9M) from Lido and moved 810 ETH ($2.7M) to Poloniex. This comes as Ethereum ETFs face major outflows, raising concerns about Ethereum’s market stability. ETH remains stable between $3,300 and $3,400.
Ethereum, launched on July 30, 2015, by Vitalik Buterin, celebrates nine years of innovation. Transitioning from Proof-of-Work to Proof-of-Stake in 2022, the network reduced fees with the Dencun update in 2024. ETH now trades over $3300, down from $4868 in 2021.
Bitcoin approaches $70,000, with analysts predicting a potential new all-time high if it closes above $68,474. Ethereum, stabilizing around $3,300, needs to avoid dropping below June’s low to maintain a positive outlook. #CryptoNews
MarketAcross and Chainlink Labs partner to boost crypto adoption for financial institutions. Key feature: proof of reserve for CETH holders, enhancing transparency and trust. ARKB sees $2.6B net inflows, highlighting growing crypto investment. This collaboration strengthens the crypto ecosystem and encourages institutional involvement.
21Shares integrates Chainlink’s Proof of Reserve to verify Ethereum ETF reserves, enhancing transparency and security for investors. This partnership, announced by CEO Johann Eid, enables real-time, decentralized verification, marking a significant advance in digital asset trust and adoption.
Nine spot Ethereum ETFs launched on July 23, raising $107M, but faced $341M outflows by July 26, mainly from Grayscale’s $1.5B exit. Key players: Grayscale, Franklin, Bitwise, and Fidelity, with Coinbase as custodian. Potential net flows could hit $15B in 18 months.
The Ethereum Foundation transferred $9.16M in TKO tokens to Bitcoin Suisse, totaling 3.484M tokens. This follows Taiko’s mainnet launch, which Vitalik Buterin praised for its potential impact on the Ethereum ecosystem. TAIKO tokens now trade at $2.57, with a $162.3M market cap.
Ethereum ETFs saw $2.2B inflows from the new spot ETF, the highest since Dec 2020. Despite Grayscale’s $1.5B outflows, Ether ETP trading volumes surged 542%. Ethereum’s price rose 4.8% to nearly $3,400, with total ETF assets at $99.1B. #Update
Ethereum spot ETFs in the U.S. faced $162.67M capital outflows on July 26, 2024, marking the third consecutive day of losses. The Grayscale Ethereum Trust ETF (ETHE) lost $356.26M in a single day, despite inflows into five other products. $ETH trading around $3370.
BlackRock warns of rising crypto scams after launching its Spot Ethereum ETF on July 23. Scammers impersonate the firm on social media and messaging apps, using sophisticated tactics like phishing and fake documentation to deceive investors. #CryptoScams #Update
