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.
Indian crypto exchange @WazirX hacked on July 18; $200M in assets stolen, including 15,298 $ETH, $102M in $SHIB, and $11.25M in $MATIC. Hacker’s wallet now holds 59,097 $ETH. WazirX halts withdrawals, suspects North Korea’s Lazarus group. #CryptoSecurity
Crypto traders are on alert as $2B in $BTC, $ETH, $SOL, $XRP, and $MATIC options expire on Deribit amid slight selling pressure. The Fear and Greed Index jumped from 25 to 60, indicating high market volatility. #Update
#CryptoNews
Grayscale announces a full fee waiver for its $ETH ETF Mini-Trust up to $2B in inflows or six months, cutting fees to 0.15%, the lowest among competitors. Ethereum trades at $3,400 with bullish sentiment. #CryptoNews
? The WazirX hacker converted all stolen altcoins into $ETH, amassing 59,097 ETH worth $201M. This move comes just before the Ethereum ETF launch, which could push ETH to $4,000. The hacker still holds $12-$15M in other altcoins like CHR, CELR, OOKI, and FRONT. #CryptoNews
Ethereum co-founder @VitalikButerin warns against voting for politicians based solely on their crypto stance, highlighting risks of superficial support that could overshadow key principles like privacy. Leaders must prioritize ethics over endorsements to ensure blockchain integrity. #Crypto
Spot Ethereum ETFs launched, but @EYnews’ Paul Brody warns this doesn’t guarantee Solana ETF approval. Differences in decentralization and liquidity between $ETH and $SOL, plus fragmented U.S. regulations, complicate matters. #CryptoUpdate
Approval of Spot $ETH ETFs excites crypto community, but experts warn it doesn’t ensure $SOL ETF approval. Differences in decentralization, technical needs, and market liquidity affect regulatory decisions. Paul’s analysis highlights the U.S.’s fragmented regulations as a hurdle for $SOL ETFs. #CryptoRegulation
#Update
Grayscale plans to launch its Ethereum ETF on July 23 with a hefty 2.5% fee, much higher than competitors’ 0.25%. Experts like Bloomberg’s Eric Balchunas criticize this strategy, predicting significant outflows similar to the Bitcoin Trust. #Ethereum #Update
Virgil Griffith, an Ethereum developer, had his prison sentence reduced to 56 months after initially receiving 63 months for violating sanctions by visiting North Korea in 2019. Judge Kevin Castel noted reduced public danger despite Griffith’s defiance. The U.S. Commerce Dept. also banned him from export activities until 2032. #Update
Bitwise CIO Matt Hougan predicts $ETH to reach $5000 post-spot Ethereum-ETFs launch by July 23, 2024. The launch is expected to boost prices, similar to Bitcoin-based products. Ethereum’s zero inflation and 40% locked supply support higher organic demand. #Update
Ethereum ETFs approved by the SEC for major institutions like @BlackRock and @Fidelity could drive $ETH to new highs by year-end. With 40% of ETH locked in staking and DeFi, the scarcity may amplify price gains. Currently trading at $3,486.93, ETH is up 2%. #CryptoNews
Bitcoin and Ethereum saw over $50M in short liquidations as prices hit multi-week highs. $BTC rose above $66K, $ETH above $3,500. Despite gains, long positions saw $58M liquidated. Solana faced $4M, $XRP $4.5M, and Pepe $2.9M in short liquidations. Analysts predict potential new highs. #CryptoNews
21Shares has filed an updated S-1 for a Spot Ethereum ETF, waiving the sponsor fee for the first six months or until assets hit $500M. This aims to attract investors by reducing costs and boosting confidence in Ethereum-based financial products. #Ethereum #Update
21Shares has filed an updated S-1 for a Spot Ethereum ETF and will waive the sponsor fee for six months or until the Trust’s assets hit $500M. This aims to lower costs and attract investors, showing confidence in Ethereum as an asset. #Ethereum #Update
