Ethereum

Shiba Inu has been on the rise this year in terms of burn rate, with the team and the community burning millions of tokens every week. In the current events, the burn rate of Shiba Inu has increased by 600% which is even higher than Ethereum. However, Rollblock is a new DeFi project that is emerging as a major competitor to Shiba Inu. Rollblock’s burn mechanism is unique and is way above that of Shiba Inu. Let us learn about…

The post SEC Mandates Friday Deadline for Spot Ethereum ETF Issuers appeared first on Coinpedia Fintech News The SEC has instructed the issuers of spot Ethereum ETFs to submit their newly amended S-1 forms by Friday. This order follows the SEC’s approval of the 19b-4 forms on May 23, marking an important milestone in the ETF launch process. Once the S-1 forms become effective, trading can commence. Despite the tight timeline due to a last-minute change, issuers like VanEck and…

Ethereum price extended its decline and tested the $3,720 support. ETH is now consolidating and facing many hurdles near the $3,800 level. Ethereum extended its decline and tested the $3,720 zone. The price is trading below $3,820 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $3,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it breaks the $3,720 support. Ethereum Price…

At spot rates, Ethereum prices have been edging lower, recently even retesting the immediate support at $3,700. Even though the coin is still hovering around this level, optimism is high that it will spike higher in the coming days. Ethereum Whales Are Now Accumulating Cementing this outlook, one analyst, citing on-chain events, notes that a bullish narrative may be unfolding. Pointing to the sharp increase in Ethereum addresses controlling over 10,000 ETH, the analyst is now convinced that investors are…

Grayscale’s upcoming Ether ETF might see daily outflows of $110 million. Ethereum Trust’s discount to NAV has narrowed ahead of the ETF launch. Grayscale’s yet-to-launch spot Ether ETF could face substantial daily outflows if it mirrors the performance of its Bitcoin Trust conversion to an ETF. In recent research,  Kaiko analysts have estimated daily outflows at $110 million, which accounts for 30% of Ether’s average daily trading volume on Coinbase. This projection is in line with the 23% asset outflow…

BlackRock has updated its S-1 registration statement for a proposed spot, Ethereum ETF, signaling a significant move toward its potential launch. This amendment was filed on May 29, after the SEC approved related 19b-4 listing rule changes on May 23. The updated filing clarifies several initial placeholders, including a $10 million seed capital investment and the structure of in-kind transactions for authorized participants. With the ETF’s ticker set as ETHA, the fund is closer to reality, although the approval timeline…

Shibarium users previously had to wait for seven days for their BONE tokens to be transferred to the Ethereum network. The high competition in the meme coin industry has compelled respective developers to enact favoring smart contracts to the users. Shibarium, Shiba Inu’s layer two (L2) scaling solution on the Ethereum network, has announced that major improvements have been enacted to enhance user experience. According to the announcement, the improvements made to the Ethereum bridge have dramatically reduced the time…

In a new blog post, Vitalik Buterin highlighted the unique role L2s play within the Ethereum ecosystem, fostering the creation of independent sub-ecosystems that still contribute to the broader Ethereum network. Buterin Highlights Organizational Distinctions Ethereum co-founder Vitalik Buterin recently described Layer 2 (L2) protocols as a cultural extension of Ethereum. He emphasized the primary distinction between Layer 1 (L1) and Layer 2 protocols is organizational rather than technical. He argued that blockchains are shaped by their cultural values in…

BlackRock advances its Ethereum spot ETF, aiming for a July 4th launch. Analysis suggests potential approval within weeks, amid a broader context of SEC approvals for Ethereum ETFs. BlackRock has recently revised its S-1 registration statement for a spot Ethereum ETF, marking significant progress towards its launch. This amendment, filed on May 29, supplements the initial registration from November 2023 and indicates a move closer to approval. Bloomberg analyst James Seyffart suggests through his recent tweet,  that the ETF might…