The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, setting the stage for five Spot ETH ETFs to make their debut in the cryptocurrency market. The confirmation came through a new issue notification on the CBOE’s website on July 19, indicating that the trading of Spot ETH ETFs
Ethereum
In the midst of a crypto market recovery, Cardano holders find themselves in a precarious position. Data from IntoTheBlock reveals that Cardano is currently the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This disappointing performance has left many long-term believers and investors in despair, as the profitability
The recent surge in Ethereum derivatives volume suggests that investors have little confidence in the Spot Ethereum ETFs, despite the imminent launch of these funds. Data from Laevitas reveals an annualized premium of 11% on Ethereum’s fixed-month contracts, indicating a lack of bullish sentiment towards ETH’s price. This lack of confidence is further highlighted by
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
Planetarium Labs is set to launch Immortal Rising 2, the much-anticipated follow-up to the popular Immortal Rising franchise. This new game will be built on the Immutable platform, offering early access and exclusive in-game rewards to attract players as excitement builds for the official launch. Immortal Rising 2 aims to build on the success of
In a recent statement, Ethereum co-founder Vitalik Buterin cautioned against solely backing political candidates based on their pro-cryptocurrency views. While acknowledging the significance of support for the crypto industry, Buterin emphasized the importance of broader values such as individual freedoms and technological progress. By focusing solely on cryptocurrency advocacy, Buterin argued that the fundamental principles
In a recent analysis by crypto analyst Rekt Capital, insights were provided into the future trajectory of Bitcoin. According to Rekt Capital’s assessment, the flagship cryptocurrency might not be quite ready for its next leg up, which could potentially see it climb back above $70,000. Rekt Capital mentioned in a social media post that Bitcoin
Recently, a blockchain security firm called Cyvers Alert made a shocking revelation about the Indian exchange WazirX. According to the report, WazirX was exploited for approximately $235 million in a series of suspicious transactions involving their Safe Multisig wallet on the ETH network. The total amount of $234.9 million was transferred to a new address,
The impending launch of spot Ethereum ETFs has generated widespread excitement, with experts predicting a significant surge in the Ethereum price. The Chief Investment Officer of Bitwise, Matt Hougan, believes that these ETF inflows could push Ethereum to all-time highs exceeding $5,000. Drawing parallels to the Bitcoin ETF market, Hougan anticipates substantial growth in Ethereum
Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the potential impact of Ethereum Exchange-Traded Products (ETPs) on the price of ether (ETH). According to the CIO, the introduction of ETPs could drive ETH prices to new all-time highs, surpassing the $5,000 mark by the end of the year. This forecast is