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.
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
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
