Ethereum Staking Surges 100k Despite SEC Scrutiny
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
Crypto Losses: Ethereum, Bitcoin, XRP Lead $1.5B Scam
? 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
Ethereum Email Hack Promotes Fake Lido Staking
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
Ethereum Revenue Soars to $2.7B in One Year
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
Ethereum ETFs Launch: Potential ETH Bull Run
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
Ethereum ETFs Near SEC Approval by July
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.
Ethereum ETF Surge Boosts Ether Demand
? 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 ETF to Garner $5B in 6 Months
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 Ethereum Price Forecast by Experts
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 $3-3.1K in July-August. Investors should plan for possible corrections. #CryptoUpdate
SEC Acknowledges Hashdex Bitcoin and Ethereum ETF
The SEC is reviewing public comments on Hashdex’s proposed Bitcoin ($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 Faces Major Outflows Amid ETF Delays
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 Dumps 7K ETH Amid Market Turmoil
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
Buterin’s Ethereum Wealth Hits $800 Million
Vitalik Buterin, co-founder of @Ethereum, has seen his net worth soar to $800M from $552.86M at the year’s start, per Arkham Intelligence. His portfolio, mainly in $ETH, also includes other cryptocurrencies, highlighting effective diversification. #Crypto #Update
Ethereum: Buterin Boosts Transaction Speed Innovations
Vitalik Buterin proposes new methods to cut Ethereum ($ETH) transaction times, including single-slot finality and preconfirmations. These changes aim to improve speed and maintain Ethereum’s competitive edge. #Update