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.
Ethereum ETF issuers like VanEck and Bitwise amended their S-1 filings on July 8 amid rising institutional inflows and ETH’s price recovery. Ethereum saw $10.2M inflows last week, with assets under management reaching $12.4B. SEC chair Gary Gensler hinted at possible summer approval. $ETH #CryptoNews
Ethereum’s price surged 10.5% to $3,112 as investors anticipate the SEC’s approval of spot $ETH ETFs. Companies like @VanEck filing final documents drive the rise, yet direct Ether investment offers better long-term value due to lower fees. #Update
Invesco Galaxy discloses a 0.25% annual sponsor fee for its Spot Ethereum ETF in an updated S-1 filing. This move intensifies competition in the Ethereum ETF market, featuring major firms like BlackRock and Fidelity. #Ethereum $ETH #Update
Bithumb, South Korea’s second-largest crypto exchange, will list $BRETT and $TAIKO on July 9. $TAIKO is supported by Vitalik Buterin and will start at 2,938 won. $BRETT, a meme coin, will start at 149 won. The listing boosts liquidity and investor interest. #Update
Invesco Galaxy missed the July 8 deadline to file its amended S-1 for a Spot Ethereum ETF, unlike $BLK and VanEck. This delay may impact their competitive standing and regulatory approval. Grayscale announced a July 18 creation date for its Mini Ethereum Trust, boosting market optimism. #Update
Grayscale Investments (@Grayscale) to distribute shares of its new Grayscale Ethereum Mini Trust on July 18, 2024. Pending regulatory approval, the Mini Trust will list on NYSE Arca under ticker $ETH, offering lower fees and better value for long-term investors. #CryptoUpdate #Ethereum
Wealth manager @VanEck has filed an updated S-1 for its spot Ethereum ETF with the SEC, following @BitwiseInvest’s July 3 filing. Approval could lead to higher ETH prices and yields, mirroring Bitcoin’s recent performance. #EthereumETF
Ethereum whale from 2016 ICO era transferred 36,000 $ETH to major exchanges in 37 days, raising market impact concerns. Despite this, the whale still holds 231,400 ETH (~$656M). Another large holder moved 10,000 ETH to Kraken on July 8, 2024. #CryptoNews
? HashKey Group to launch Ethereum Layer 2 mainnet, HashKey Chain, in Q4 2024, using zero-knowledge proof tech for efficient, cost-effective services. Powered by HashKey Cloud, it aims to enhance Web3 scalability and security. Partnerships include Future3 Campus, ThreeDAO, and HashKey Capital. #Web3 #Update
HashKey Group’s Ethereum layer-2 solution, HashKey Chain, will launch in Q4 2023. It will support HashKey EcoPoints (HSK), offering fee discounts and early token access. 65% of HSK’s 1 billion supply is for marketing. #CryptoNews
Matrixport predicts SEC approval for an Ether ETF this week. This could boost $ETH prices to $3,400, with long-term targets of $6,600. Major firms like @BlackRock, Fidelity, and Grayscale are expected to file. $ETH currently trades at $3,068, up 2% in 24 hours. #CryptoNews
“Vitalik: An Ethereum Story” premieres Sept 2024, showcasing @VitalikButerin and Ethereum’s journey. Distributed via minting on Zora, the film raised over 1035 ETH in 2 days. This highlights blockchain’s potential in decentralized film distribution. #Ethereum #Crypto #Update
Bloomberg analysts, including @JSeyff, expect spot $ETH ETFs to launch mid-July, following Bitwise’s amendment with a six-month fee waiver for the first $500M in assets. #CryptoNews #Ethereum
Ethereum ($ETH) has outperformed Bitcoin ($BTC) in fee revenue over the past six months, generating $2.72B compared to Bitcoin’s $1.3B. Ethereum’s DeFi ecosystem and smart contracts drive this dominance. Tron ($TRX) ranks third with $459.39M. #Update #CryptoNews
