ETH

The post Grayscale Unexpected Withdrawal From ETH Futures Application appeared first on Coinpedia Fintech News Grayscale has shockingly withdrawn its Ethereum futures ETF application. Bloomberg ETF James Seyffart refers to the move as ‘trojan horse’ strategy that he suggested of Grayscale replicating similar circumstances that led to GBTC Bitcoin ETF approval, while Grayscale totally took a step back. Seyfartt speculates that the move could be influenced by SEC to withdraw the application. As per Eleanor Terett, SEC’S continued delay for…

Ethereum has put on a disappointing performance for its investors over the last few weeks, leading to concerns on whether the second-largest cryptocurrency by market cap has lost its shine. The cryptocurrency continues to skirt around the $3,100 level, not making any significant breaks upward. This points to weak fundamentals that could trigger a price decline. Ethereum Fails To Make Meaningful Moves Markus Thielen, Head of Research at 10x Research, has pointed out some worrying developments with the Ethereum price.…

The cryptocurrency market has recently exhibited distinct divergences in the behavior of its two leading assets, Bitcoin and Ethereum. While Bitcoin appears to be stepping into a phase of relative stability, Ethereum’s journey paints a contrasting picture of sustained uncertainty, particularly in its options market. This divergence is highlighted by the sustained high levels of implied volatility associated with Ethereum options, signaling a cautious outlook among investors regarding its future price movements. Ethereum Persisting Volatility: A Comparative Analysis Implied volatility…

The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The hacker sent the Ether in batches while still holding over $180 million worth of assets across different blockchains. Poloniex Hacker Launders 1,120 ETH According to data from Arkham Intelligence, the Poloniex hacker transferred 100 ETH in 11 batches to Tornado Cash, brining to the total to 1,100 ETH (worth around $3.37 million), and another two…

Ethereum’s price has encountered challenges in breaking below the critical $3K support region, with selling pressure being met by sufficient demand, resulting in sideways consolidation. However, a sudden breach of this pivotal juncture could trigger a cascading effect. Technical Analysis By Shayan The Daily Chart Upon examining the daily chart, Ethereum’s trajectory has turned bearish following a notable rejection near the $4K mark, fostering a bearish sentiment among market participants. Nonetheless, the decline found a temporary recess upon reaching a…

The post Will ETH Price Stay Consolidated Amid EthereumETF Approval Delay? appeared first on Coinpedia Fintech News Despite increased price volatility in the cryptocurrency industry, the leader of altcoins, Ethereum price, continues to display a bearish price sentiment following the delay in the SEC’s approval of the EthereumETF. This resulted in weak buying and selling pressure for this altcoin in the crypto market. Furthermore, the ETH price has risen 2% within the past seven days but a correction of approximately…

The post Ethereum (ETH) and Shiba Inu (SHIB) Rally Signals Recovery as Furrever Token (FURR) Unveiling $10,000 Competition appeared first on Coinpedia Fintech News In a whirlwind of activity within the cryptocurrency market, Ethereum (ETH) and Shiba Inu (SHIB) have both emerged with promising signs of recovery, igniting optimism among investors. As these established tokens chart a course towards renewed growth, another contender, Furrever Token (FURR), has captured attention by surpassing a significant milestone. Having soared past the $1 million…

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level. Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the…

Following a recent partnership with MoonPay, PayPal users in the United States can now seamlessly purchase Shiba Inu (SHIB) tokens internally. This integration allows users to fund their crypto purchases using PayPal balance, debit cards, or direct bank transfers, without the need for manual input. After the recent collaboration with prominent crypto payment processor MoonPay, PayPal users within the United States can now internally purchase Shiba Inu (SHIB) tokens. MoonPay disclosed the significant partnership with PayPal on Thursday, May 2,…