Ethereum

The post Massive Crypto Options Expiry on June 28th Set to Shake Bitcoin and Ethereum Markets appeared first on Coinpedia Fintech News In two days, significant Bitcoin and Ethereum options are set to expire on Deribit, a leading crypto derivatives exchange. This event, involving billions of dollars, could trigger substantial market volatility, creating a crucial moment for cryptocurrency investors. Read on to get more insights about the event! Bitcoin Options Expiry: An Overview  On June 28, Bitcoin options with a…

The post Ethereum vs. Layer 2 Tokens: Which is the Better Crypto Investment? appeared first on Coinpedia Fintech News The DeFi report crypto analyst Michael Nadeau, kicks off his analysis by highlighting Ethereum’s progress and the current positive market conditions. He points out that Ethereum is scaling effectively through Layer 2 (L2) solutions, anticipates an ETF trading by summer, and notes influential figures like Larry Fink discussing tokenization. Plus, with potential rate cuts on the horizon, Nadeau sees a strong…

Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420. Ethereum started an upside correction from the $3,240 support zone. The price is trading below $3,420 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,420 and $3,450 resistance levels to continue higher. Ethereum…

On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. The pattern in question is related to the netflows for the wallets associated with the Ethereum Foundation. The ETH Foundation is a non-profit entity supporting…

In a significant development for the cryptocurrency market, asset managers are eagerly preparing for the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC).  Bitwise Chief Investment Officer (CIO) Matt Hougan has weighed in on the potential of these ETFs, predicting substantial inflows into the regulated market within the first months of trading. Market Data Suggests $15B Demand For Spot Ethereum ETFs Hougan’s projections are based on a thorough analysis of available data.…

The post Bitcoin Price Drops To Its Multi-month Low, Ethereum Price Stuck Around $3.3K Mark! appeared first on Coinpedia Fintech News The cryptocurrency market continues to display a bearish price action with the market leader, Bitcoin price hovering close to its $60,000 mark with a 24-hour low of $58,601.70. Reportedly, the BTC coin has recorded a correction of 5.54% within the past seven days. On the other hand, the altcoin leader, Ethereum price, has failed to surpass its $3.4K level…

The post Why Solana, Ethereum, and Furrever Token Are Set to Dominate the Crypto World in 2024 appeared first on Coinpedia Fintech News The cryptocurrency landscape is constantly evolving, with new technologies and tokens emerging to captivate investors and reshape market dynamics. As we look towards 2024, three cryptocurrencies stand out as potential dominators in the crypto world: Solana, Ethereum, and Furrever Token. Each of these tokens brings unique strengths and innovations that position them at the forefront of the…

Victoria, Seychelles, June 25th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has shared its monthly update for the transparent tracking of its proof-of-reserves (PoR) highlighting the reserve ratios of Bitcoin (BTC), Ethereum (ETH), USDT and USDC. As compared to May, the amount of users’ BTC, USDT, ETH surged by 9%, 10% and 46% in June. The recent POR report emphasizes Bitget’s security with over 163% of reserve ratio accounting for all assets. The BTC, ETH and…

The post Ethereum Foundation Email Service Hacked: Tim Beiko Issues Warning appeared first on Coinpedia Fintech News The Ethereum Foundation has experienced a security breach in its email service, leading to the distribution of phishing emails containing harmful links. An Ethereum spokesperson, Tim Beiko, confirmed the hack, stating that the service provider SendPulse facilitated unauthorized access. Users are cautioned against clicking on unknown or suspicious links and are advised to verify emails directly with Ethereum. Additionally, measures are being taken…