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SEC holds Ethereum ETF approval until May despite staking additions
20.3.2024
The US SEC delayed the approval procedures of Ethereum exchange-traded funds (ETFs), affecting the approaches of investment firms, including Ark Invest, Hashdex, VanEck, and Grayscale, adding a staking component to the applications of the ETH ETF along with Fidelity. Both James Seyffart and Eric...
Blackrock Aims to Launch Tokenized Investment Fund, Seeks SEC Nod for ‘BUIDL’ Fund on Ethereum
20.3.2024
The globe’s most substantial asset manager by assets under management, Blackrock, has submitted a form to the U.S. Securities and Exchange Commission (SEC) for the initiation of a tokenized investment fund. Additionally, the community has unearthed the development of a token named...
Ethereum Price Prediction With Ether ETFs Unlikely to Gain Approval in May – Where Next for ETH?
19.3.2024
The Ethereum (ETH) price is consolidating either side of the $3,300 level, down roughly 6.5% on the day as investors take profit following the crypto’s recent run higher, and amid chatter that Ether ETFs are unlikely to gain approval in May.
The post Ethereum Price Prediction With Ether ETFs...
Fidelity Incorporates Staking in Spot Ethereum ETF Offering to Boost Fund’s Income
19.3.2024
On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of...
Potential Ethereum ETF Approval Odds Drop: A guide to investors
18.3.2024
The likelihood of regulatory approval for an Ethereum exchange-traded fund (ETF) has recently diminished substantially due to developments in the cryptocurrency industry. Investors are developing concerns and engaging in speculation regarding the potential ramifications of this alteration on...
Ethereum Technical Analysis: Oscillators and Averages Signal a Tense Equilibrium
18.3.2024
Ethereum’s journey through financial markets on March 18, 2024, showcases a complex landscape marked by its recent price movements and technical indicators. Amidst a volatile environment, ether is priced at $3,578 per unit, reflecting the intricate dance between buyers and sellers. Ethereum...
Ethereum’s Dencun Upgrade: Boon for L2 tokens or just hype?
15.3.2024
One of the most-awaited updates in the blockchain market is now live: the Dencun Upgrade. Ethereum initiated the clock for its launch in early February. Speculations were that layer-2 tokens would get a boost, and Dencun Upgraded reported a commitment to bring down the average cost. It has done...
Ether ETFs pave the way for XRP ETFs, say experts
14.3.2024
XRP, a famous leading cryptocurrency with a notable upswing, has surged to breach resistance levels and recorded a new high for the year of more than $0.745. This rally sent investor optimism soaring and sparked discussions about the currency’s fate, namely the talk about the launch of...
Possible effect of Ethereum’s Dencun Upgrade on Layer-2 tokens
14.3.2024
Ethereum’s Dencun upgrade is slated to go live in the middle of March 2024. All eyes are on its Dencun Upgrade, which commits to bringing economic cost and efficiency transactions to the native network. Also, there are speculations that layer-2 tokens could get a potential boost from Dencun...
SEC silence lowers Ethereum ETF approval prospects
14.3.2024
As per the assessment of Bloomberg analysts, the probability of the United States Securities and Exchange Commission approving a spot Ethereum ETF by May has been substantially diminished. The SEC’s silence and delay have prompted analysts to reconsider the viability of a spot Ethereum...
First Mover Americas: Robinhood Shares Jump, Layer 2s Become Cheaper
14.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ethereum Price Prediction as Dencun Upgrade Successfully Goes Live – Where Next for ETH?
13.3.2024
The Ethereum (ETH) price is consolidating just below $4,000 and close to multi-year highs in wake of the successful implementation of the Dencun upgrade, that, amongst other things, is set to deliver a major boost to the Ethereum ecosystem via delivering a significant reduction in Ethereum layer-2...
Hope Rises Among XRP Proponents for a Significant Upswing Amidst Crypto Market Expansion
13.3.2024
In the last week, XRP experienced a 19.9% increase in its value against the U.S. dollar, reaching a peak of $0.744 per coin on March 11, 2024. Its price has since retreated a hair, now trading at $0.685 per XRP. Although the digital currency’s market results haven’t captured as much...
First Mover Americas: Coinbase Plans $1B Bond Sale
13.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ethereum Layer 2 Tokens gain interest before Dencun Upgrade
13.3.2024
The Dencun upgrade to Ethereum is anticipated to significantly reduce transaction fees on layer-2 networks and enhance the scalability of Ethereum as a whole. The cryptocurrency has garnered investor attention and witnessed an appreciation in value for Ethereum Layer 2 (L2) tokens due to...
First Mover Americas: Ether Options Traders Prepare for Downside
12.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ether Put Demand Signals Weakness After $4K Price Breakout
12.3.2024
By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high
Ethereum soars past $4K: Traders & upgrades fuel bullish outlook
12.3.2024
The cryptocurrency market has experienced a significant rise in short-term holders, especially traders. This implies that there could be a bull market in the making. Another factor accounting for this jump is the increased appetite for meme coins, most of which run on Ethereum as their...
From RBN to FLOKI: This Week’s Crypto Winners and Losers
11.3.2024
While bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day. Crypto Economy Swells to $2.72 Trillion...
Trades lower the chance for Spot Ether ETF May approval
11.3.2024
Spot Ether ETF is the next desirable crypto ETF product in the community. It was slated for approval in the middle of 2024 or May 2024. The first deadline could now be far from becoming a reality since crypto traders have dragged down the approval possibility to 24%. A concrete reason has not been...