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.
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
Bitcoin surged above $69,000 this week after fluctuating between $67,500 and $64,000. Major events included Mt. Gox’s $2.85 billion withdrawal and significant purchases by Metaplanet and Real Bedford. Over 358,000 BTC moved to long-term holders, signaling strong market confidence.
Donald Trump spoke at the Bitcoin 2024 conference, Ethereum ETFs launched but saw net outflows, and Mt. Gox repayments were confirmed, marking key developments in the crypto market. #CryptoNews
Ethereum ETFs launched in Hong Kong could trade $15-$20 billion in the first month, marking a milestone in digital asset integration. This move may boost DeFi and real-world investments, attracting significant institutional capital. #Ethereum #ETFs #CryptoNews
Vitalik Buterin addresses Ethereum’s ($ETH) decentralization concerns after team leader Péter Szilágyi’s comments. Buterin refutes centralization claims, citing efforts to minimize it via new mechanisms like Orbit. Szilágyi worries PeerDAS upgrade could exclude home stakers. Decentralization remains a core focus. #EthereumUpdate
Ethereum’s first week of spot ETFs in the U.S. saw $341M net outflows. Lack of staking feature and Bitcoin’s broader adoption cited. Grayscale’s ETHE lost $1.51B, while BlackRock’s ETHA gained $442M. Analysts predict U.S. elections and interest rate cuts could drive future trends. #Update
Sen. Elizabeth Warren warns of foreign crypto miners, including Chinese entities, spying on U.S. military bases and risking national security. She calls for stricter oversight and anti-money laundering measures. One example: MineOne Partners Ltd., banned from land near a Wyoming base. #NationalSecurity
ArbitrumDAO considers expanding Orbit Chain beyond Ethereum to Bitcoin, Binance Smart Chain & Cosmos. 99.8% of ARB token votes support the proposal. Voting ends July 31. #Crypto #Blockchain
Ethereum ETFs have launched on major stock exchanges. Notably, Grayscale’s $ETHE saw outflows of $1.5B, while BlackRock’s $ETHA and Fidelity’s $FETH gained $72.9M and $34.3M respectively. Bitwise’s $ETHW debuted with $17M. Ethereum’s price rose 3.07% to $3,265.99. #Update
Bitwise launched a banner for its spot $ETH ETF on the NYSE facade. Debuted on July 23, 2024, the ETF hit $229.04M in AUM in 3 days. Notable market shifts include funds moving from Grayscale’s ETF to Bitwise. #CryptoNews
? Ethereum ETFs debuted in the U.S. on July 23, 2024, with over $1.1B in first-day trading volume. Following Bitcoin ETF success, Ethereum ETFs could capture 30% of the asset split. Wealth managers predict enhanced risk-adjusted returns. #CryptoNews #Update
Ethereum ETFs launched in the U.S. on July 23, 2024, generating over $1.1 billion in trading volume on their first day. This significant milestone follows the success of Bitcoin ETFs, which have seen $17 billion in net inflows since January. Ethereum is viewed as a technology investment, potentially influencing future adoption. The strong demand for Ethereum ETFs suggests growth potential, similar to Bitcoin. This launch enhances the crypto landscape and signifies growing institutional interest in digital assets. Source
Charles Edwards of Capriole Investments warns that the launch of spot Ether ETFs in a weak market could divert investor interest from Bitcoin, potentially lowering its price and liquidity.
The Ethereum Foundation moved 92,500 ETH ($294.9M) to a new wallet for the first time in 6.6 years, drawing attention from the crypto community. Grayscale’s Ether ETF lost $346M, while Black’s and Fidelity’s ETFs saw inflows. Bitwise’s ETF banner went up at the NYSE. #Ethereum #Update
