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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...
Ethereum Technical Analysis: ETH Secures Position Above $4,000 Following Key Resistance
11.3.2024
On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers, the digital currency showcased a strong performance amidst a trading volume of $27.57...
Ethereum nears $4,000 while its Network Fees hit 2-year high
11.3.2024
Ethereum recently hit a 4% surge to almost reach the $4,000 mark. The coin stopped at $3,998, according to Coinmarketcap data. Its latest upward momentum was noteworthy, given the boorish performance of standard equities. Ethereum and Bitcoin outperform SP500 returns by 14.7% and 10%, respectively....
Performance of AI-Related Crypto Tokens Driven by News and ‘Memetic Speculation’ — Coinbase
11.3.2024
Since the beginning of the last quarter of 2023, artificial intelligence (AI)-related crypto tokens have not only outperformed the top two crypto assets but have also outpaced key AI stocks such as Nvidia and Microsoft. According to a report by Coinbase, much of this market-beating performance...
Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability
9.3.2024
Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur...
From Laughs to Loot: Meme Coins FLOKI and PEPE See Explosive Growth Amidst Crypto Surge
8.3.2024
On Friday, bitcoin and ethereum experienced modest upticks, registering increases of 2% to 5%, respectively. Meanwhile, the meme coin FLOKI has soared by 70% in the last 24 hours, with PEPE also making notable gains of 32.7%. Friday saw around ten cryptocurrencies achieving double-digit increases...
Ether Hits $4K for First Time in More Than Two Years
8.3.2024
The second-largest cryptocurrency last surpassed that level in December 2021
First Mover Americas: Ether Approaches $4K
8.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Vitalik Buterin’s ENS Address Trades $100K Worth of ETH for Stablecoins Amid Market Uptick
7.3.2024
According to blockchain analytics, the Ethereum Name Service (ENS) domain “vitalik.eth” has engaged in a transaction of $100,000 worth of ether, converting it into an equal amount of stablecoins on the Base blockchain. The address, purportedly belonging to Ethereum’s co-founder...
Ethereum Foundation liquidates $13 million worth of Ethereum
5.3.2024
The Ethereum Foundation has initiated the liquidation of $13.3 million worth of Ethereum (ETH), prompting investors to contemplate the potential ramifications of this action on the price of ETFs. ETH, in terms of market capitalization, is, incidentally, the second most prominent cryptocurrency....