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
Trading
Recently, leading crypto exchange OKX made headlines with its announcement regarding the discontinuation of its services in Nigeria. This decision was primarily prompted by the recent regulatory changes in the country, which have created challenges for crypto exchanges operating within its borders. According to emails sent to OKX’s Nigerian users, customers have until August 30
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
XRP has been making significant strides in the cryptocurrency market recently, with a remarkable recovery that has seen gains of over 40% in the past week. This surge in price has been driven by a broader market recovery, demonstrating strong investor confidence and heightened trading activity. According to on-chain analytic platform Santiment, trader sentiment has
Cardano, once considered one of the largest cryptocurrencies in the market, has been facing significant challenges in recent months. This is evident from the substantial drop in its market cap, plummeting from over $90 billion in 2021 to a mere $15.9 billion as of Wednesday. The number of monthly developer commits has also dwindled, showcasing
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit resulting in over $8 million worth of funds being stolen. Cyvers Alerts brought attention to suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI acknowledged the breach in a statement on July 16, warning users not to engage with any http://LI.FI powered
The US spot Bitcoin ETFs experienced a significant daily net inflow of $301 million on July 15th, marking their seventh consecutive day of gains amidst a broader market recovery. This surge in inflows was a positive sign for the ETF sector, as none of the ETFs recorded outflows for the day. According to data compiled
The recent news of the Spot Ethereum ETFs set to launch has sparked a surge in Ethereum’s price. Bloomberg analyst Eric Balchunas revealed that these ETFs could begin trading by July 23, leading to positive speculation and anticipation in the market. Expected Inflows and Predictions Crypto research firm K33 predicts that the Spot Ethereum ETFs
In recent news, Scroll, a ZK rollup Layer 2 network, has seen a remarkable 23% increase in the past seven days, bringing its Total Value Locked (TVL) to $1.03 billion, as reported by L2Beat data. This places Scroll as the 8th Ethereum Layer 2 network to surpass the $1 billion TVL milestone in the ecosystem.