Ethereum

After a predominantly quiet second quarter, a top crypto analyst, Captain Faibik has shared a chart that suggests that Ethereum (ETH) is looking extremely bullish for July. According to Faibik’s analysis, ETH has the tendency to rise above $4,000 this month. Amonyx has also expressed a very positive sentiment on Ripple (XRP) arguing that the crypto has broken through the triangle pattern and is on its way to hit a new ATH. KangaMoon, one of the most bullish altcoins this…

While the debut of Spot Ethereum ETFs made headlines, a closer look reveals that the real winners are a select number of altcoins, including ETFSwap (ETFS), Binance Coin (BNB), and Cardano (ADA). These altcoins have emerged as potential beneficiaries of the Spot Ethereum ETF hype and are constantly attracting a new generation of investors to their innovative platforms. ETFSwap (ETFS) Makes Altcoins The Real Winners With Spot Ethereum ETFs expecting full approval in September, the demand for trading platforms like…

ETHE shareholders will receive ETH shares automatically in their investment accounts without needing to take any action or make any payments. The ETH Trust, aiming for a listing on NYSE Arca under the ticker “ETH,” will initially be funded by transferring 10% of Grayscale Ethereum Trust’s Ethereum holdings. Crypto asset management giant Grayscale has recently revealed that the first issuance and distribution of the shares for the Grayscale Ethereum mini-Trust will begin next week from July 18. Thus, it will…

21Shares investment asset management firm has filed its S-1 amendments for a spot Ethereum ETF. Bloomberg analyst Eric Balchunas has pointed out that more issuers are expected to follow suit. In compliance with the United States Securities and Exchange Commission (SEC) timeline, 21Shares investment asset management firm has filed its S-1 amendments for a spot Ethereum ETF. As we reported, the filing made on Monday, July 8 shows that 21Shares is working in line with the SEC feedback to launch…

The post Circulating Supply Of Stablecoins on Ethereum Surge, Supply Hits $78B appeared first on Coinpedia Fintech News The circulating supply of stablecoins on Ethereum has been increasing steadily, hitting an all-time high in April 2024. This trend, which began in November 2023, suggests a positive divergence and potential growth in the cryptocurrency market. Since November 2023, the supply of stablecoins on Ethereum has surged from $65 billion to unprecedented levels by April 2024. This steady increase is an encouraging…

As requested by the U.S. Securities and Exchange Commission (SEC), several asset managers filed updated S-1 registration statements for Spot Ethereum ETFs, thus taking a step toward potential approval. SEC's Request for Amended S-1 Filings Multiple applicants for Spot Ethereum ETFs updated their S-1 registration statements with the SEC. This move represents the final step before launching their ETF products. The SEC's request for new filings aims to expedite the review process. On Monday, asset managers, including VanEck, Grayscale, Fidelity,…

The post Ethereum Launches “Attackathon” to Boost Security appeared first on Coinpedia Fintech News Ethereum’s Protocol Security (EPS) team announced a four-week “Attackathon” where security researchers will hunt for vulnerabilities in the blockchain’s code. This time-bound audit challenge aims to improve protocol security, with impactful and compliant reports being rewarded. The event kicks off with a technical walkthrough of the blockchain’s code to ensure participants are well-prepared. With a $2 million prize pool, Ethereum plans to conduct similar events for…

Ethereum price seems to be forming a base above the $2,820 level. ETH could break the $3,160 resistance and rise toward the $3,320 resistance. Ethereum is consolidating losses above the $2,880 level. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above…

The post Ethereum Whale Investors Push New Ethereum Cryptocurrency Inspired By Mbappé appeared first on Coinpedia Fintech News The cryptocurrency world is abuzz with the latest development: Ethereum (ETH) whale investors are showing significant interest in a new Ethereum-based cryptocurrency inspired by the legendary footballer Kylian Mbappé. This new token, Mpeppe (MPEPE), is rapidly gaining traction among the crypto community, promising a fresh and innovative approach to digital assets. The Rise of Mpeppe (MPEPE) Mpeppe (MPEPE) is not just another…