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Bitwise filed an amended S-1 for its Ethereum ETF ahead of the July 8 deadline. Analysts expect listing within two weeks and potential SEC approval by next week. The ETF includes a sponsor fee waiver for the first $500M, mirroring VanEck’s strategy. #EthereumETF #Update
Lido has added 100,000 staked ETH amid SEC scrutiny, raising its total to $33.48B. Wrapped staked ETH on Layer 2 networks grew 7.19% with a $1.23B trading volume. #Crypto #Ethereum
? Ethereum, Bitcoin, and XRP lead 2024 crypto scam losses, with over $1.5B stolen in the first half. DeFi protocols hit hardest, accounting for 59% of losses. Major hacks include 4,502.9 BTC from DMM Bitcoin and 213M XRP from Chris Larsen’s wallets. Security measures are crucial. #CryptoSecurity
The Ethereum Foundation’s email was hacked on June 23, sending scam emails to 35,794 recipients promoting a fake Lido staking scheme. The foundation regained control swiftly, with no funds lost. #CryptoSecurity #Update
Cryptocurrency whale 0x837 converted $18M+ in PEPE to Ethereum amid spot $ETH ETF anticipation. They staked 4,374 ETH into Compound, signaling confidence in Ethereum. #CryptoNews #Updates
Ethereum tops blockchain revenue charts with $2.72B, surpassing Bitcoin’s $1.3B. Ethereum leads in defi with $58.4B TVL, 60.9% market share. Other blockchain revenues: Tron $459M, Solana $241M, BSC $176M. #Update #Crypto
Spot Ethereum ETFs are set to trade on July 15, with SEC approval expected by July 12. K33 Research predicts up to $5B inflows, absorbing 0.75%-1% of all ETH. This could boost $ETH, outpacing $BTC. #CryptoNews
SEC is set to approve the first U.S. Ethereum ETFs by mid-July, following successful Bitcoin ETF launches. Major firms like BlackRock and Fidelity are ready to introduce their Ethereum ETFs, with YieldMax aiming for an innovative Ether Option Income Strategy ETF. $ETH price up 50% this year.
? SCRYPT CEO Norman Wooding predicts $ETH could exceed $4,000 if the SEC approves spot Ether ETFs by Q3 2024. Approval might drive $5B in net inflows, enhancing liquidity and staking yields. #Ethereum #Update
Ethereum spot ETFs could see $5B in inflows in the first 6 months, boosting AUM to $15B. Experts say $ETH could rise 20%-55% if the ETH/BTC ratio normalizes. Predictions include $ETH surpassing $6500 by end of 2024. #cryptonews
Source: Gemini, Galaxy Digital, Steno Research
Bitcoin surged to ~$63K and Ethereum to ~$3.4K on July 1, 2024. Experts stress Bitcoin’s key level at $61,180 for market stability. Ethereum might drop to $3-3.1K in July-August. Investors should plan for possible corrections. #CryptoUpdate
The SEC is reviewing public comments on Hashdex’s proposed Bitcoin ($BTC) and Ethereum ($ETH) ETF. This ETF aims to offer institutional investors exposure to both cryptocurrencies, managed by Hashdex and administered by Tidal ETF Services. Decision expected by March 2025. #CryptoNews
Ethereum ETFs face $61M outflows, their worst in 2 years, due to SEC’s delay in approving spot ETFs. Trading volume up 43% but still below average. #Ethereum #CryptoNews
Ethereum whale 0x2Eb08 moved 7,000 $ETH ($24.28M) to Kraken after 209 days of inactivity. This comes as Ethereum faces major outflows and SEC delays on a spot ETH ETF. Despite this, $ETH rose 2.20% today, hitting $3,463.00. #CryptoNews
