ETH

The post Consensys Sues SEC To Protect Ethereum, Claims ETH Not A Security appeared first on Coinpedia Fintech News ConsenSys has taken on the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit in Texas federal court. The case focuses on the classification of Ethereum’s Ether as a security. ConsenSys argues this designation could harm the entire Ethereum network, posing significant risks to its functionality and innovation. This lawsuit not only challenges regulatory overreach but also aims to protect…

The post Ethereum (ETH) Breaks $3,200, Shiba Inu (SHIB) Surges 21%, Furrever Token (FURR) Sustains Momentum After $1M Presale appeared first on Coinpedia Fintech News In the aftermath of the recent Bitcoin halving event, the cryptocurrency market demonstrates notable resilience and dynamism. Ethereum (ETH) emerges as a frontrunner, smashing through the $3,200 resistance barrier, signaling bullish momentum. Meanwhile, Shiba Inu (SHIB) experiences a significant surge of 21% in just a week, capturing investor attention with its rapid growth. Amidst this…

Over the past 24 hours, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant 5% price drop. This drop comes amid growing speculation that the highly anticipated Ethereum ETFs will likely be rejected by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. US Bitcoin ETF Issuers Brace For SEC’s Expected Denial According to a recent Reuters report, various US Bitcoin ETF issuers and firms anticipate the SEC’s denial of their applications to launch…

The US SEC is delaying its decision on Ethereum ETFs filed by BlackRock, Grayscale and Franklin Templeton. The decision is now expected in June. Market experts have been sounding the warning about the SEC’s lack of interest and engagement with prospective issuers, which indicated the agency had no interest in approving the ETFs. Grayscale and BlackRock will have to wait an extra 60 days for the decision on their Ethereum exchange-traded fund (ETF) application with the US Securities and Exchange…

The post Ethereum Sees Decline In Whale Interest Amid Rising Bearish Threats: What’s Next For ETH Price? appeared first on Coinpedia Fintech News Ether price witnessed a severe drop a few days ago, currently failing to maintain a trading position around $3,300. Whenever ETH approached the $3,000 mark, buyers stepped in, defending the support. However, those short-term buyers then exit the market at a peak price. As a result, there’s a steep decline in whale interest, resulting in a decline…

Ethereum price is holding gains above the $3,120 resistance zone. ETH could soon rally if it clears the $3,280 resistance zone. Ethereum extended its increase above the $3,220 resistance zone. The price is trading above $3,165 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,280 resistance zone. Ethereum Price…

The post Ethereum (ETH) Surge Drives 15% Increase in Shiba Inu (SHIB), Furrever Token (FURR) Eyes Up to 15X ROI appeared first on Coinpedia Fintech News In the wake of Bitcoin’s halving, the cryptocurrency market witnesses a significant resurgence, with Ethereum (ETH) leading the charge with a notable surge, catalyzing a 15% increase in the value of Shiba Inu (SHIB). Amidst this dynamic landscape, a new player emerges with promising prospects—Furrever Token (FURR). Positioned as the next big meme coin,…

The second-largest crypto token by market cap, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices.  Sun Allegedly Buys $405 Million Worth Of ETH In an X (formerly Twitter) post, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a mysterious wallet suspected to belong to Justin Sun. This wallet is…

Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. A New Whale On The Horizon, Is It Justin Sun? The blockchain research platform Lookonchain revealed that a whale has gone on an Ethereum buying frenzy over the past few…