The Securities and Exchange Commission (SEC) is anticipated to take a similar approach in approving spot Bitcoin (BTC) exchange-traded funds (ETFs) when it comes to spot Ethereum ETFs. Standard Chartered Bank analysis suggests that these ETFs will likely receive approval on the initial final deadline of May 23. According to Geoffrey Kendrick, head of forex
Ethereum
Ethereum (ETH) is currently facing the possibility of a massive sell-off worth $1 billion. This significant transaction is attributed to Celsius, a bankrupt crypto lender. As per reports from on-chain analyst Lookonchain, Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution
In the world of cryptocurrencies, Bitcoin often sets the tone for the entire market. As the leading cryptocurrency, its price movements can have a significant impact on altcoins like Ethereum. Crypto analyst Michael van de Poppe suggests that Bitcoin’s recent signs of bottoming out could be an indicator of an impending altcoin rally, potentially benefiting
Cryptocurrency analysts have been closely monitoring the price movements of Ethereum (ETH) and making projections about its future performance. In particular, Elja on X, a renowned analyst, predicts that Ethereum will reach an astounding $15,000 by 2025 based on rigorous technical analysis. While the current bearish sentiment in the crypto market may deter some investors,
Phishing scams have become an all-too-common occurrence in the world of cryptocurrencies. Users are constantly warned about suspicious links and emails, and companies emphasize the importance of only interacting with official channels. However, even with these precautions, scammers continue to find new ways to deceive unsuspecting victims. A recent incident involving Wallet Connect and other
An Ethereum (ETH) whale recently made waves in the crypto world by executing a series of transactions that involved a significant movement of funds across various platforms. According to Spot On Chain, a blockchain analytics platform, this activity amounted to approximately $46.02 million in ETH tokens. What makes this even more intriguing is that the
The recent approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has undoubtedly sparked excitement in the crypto space. However, despite this development, the prospects for the approval of Ethereum Spot ETFs seem less optimistic. JP Morgan, a renowned American multinational financial service firm, has raised concerns about the potential
EIP-1559, the Ethereum Improvement Proposal, has sparked a new level of excitement and optimism among Ethereum users. Péter Szilágyi, an Ethereum developer, has recently praised the ETH burning mechanism introduced by EIP-1559, hailing it as “the great equalizer.” This groundbreaking proposal has revolutionized the way users bid gas fees and has significantly leveled the playing
In the ever-evolving realm of cryptocurrencies, Ethereum has emerged as a trailblazer, confidently charting its course while Bitcoin takes a breather following its ETF approval. With a surge in both price and dominance, Ethereum is attracting a new wave of users and embracing the trend of self-custody. Recent data from Santiment provides vivid insights into
In the midst of a volatile crypto market, Ethereum (ETH) is gaining momentum and outperforming its long-time rival, Bitcoin (BTC). The ETH/BTC ratio, which gauges market sentiment towards these two leading cryptocurrencies, has steadily risen, rebounding from multi-year lows. This recent rebound indicates that investors are increasingly bullish on Ethereum’s potential relative to Bitcoin. The
