🔸️Ethereum | Bitcoin & Altcoin News

2024-03-09 19:55:22 Meme Coin Frenzy Drives Ethereum Network Fees to Nearly 2-Year High: IntoTheBlock

The Ethereum network's revenue surged to nearly two year highs this week as the speculative frenzy with meme coins boosted blockchain activity, IntoTheBlock noted in a Friday market report. IntoTheBlock data shows that Ethereum mainnet's revenue from network fees reached $193 million this week, the highest figure since May 2022 and a 78% increase from last week.

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2024-03-09 10:05:15 Grayscale, Coinbase meet with SEC about spot ether ETFs

Grayscale and Coinbase held another round of talks with federal regulators this week, making headway in the companies' plans to launch an ether spot exchange-traded fund. The companies on Wednesday attempted to assuage the Securities and Exchange Commission (SEC) concerns about the safety of a spot ether ETF, which would expose investors to the price movements of the second-largest cryptocurrency by market cap.

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2024-03-08 21:29:02 Ether Hits $4K for First Time in More Than Two Years

Ether (ETH), the second-largest cryptocurrency by market value, hit $4,000 for the first time in more than two years on Friday. The cryptocurrency had been climbing over the past few months alongside bitcoin, which reached record highs March 5. The last time ether was this high was Dec. 28, 2021.

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2024-03-08 12:01:19 Lack of staking yield in Ethereum ETFs could potentially reduce their appeal, BitMEX analysts opine

Amid ongoing speculation surrounding the prospect of a spot ether ETF launching in the U.S. this year, whether it offers yield from staking on the Ethereum network is a crucial factor in its success, BitMEX Research analysts noted. Staking rewards on Ethereum — currently yielding around 3.7% — are incentives received for locking up ether to support the operation and security of the blockchain network — a key differentiator from Bitcoin.

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ETH | BTC & ALTCOIN News Open / Comment

2024-03-07 20:50:00 Bitcoin's Hash Price Soars as Average Network Fees Spike by 288%

According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value of one petahash per second (PH/s) of mining power to a seven-day high of $119 on March 4, 2024.

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2024-03-07 11:20:19 Ethereum price closes in on $4K, but traders’ excessive optimism is a warning sign

Ether (ETH) bulls are on a roll after the altcoin’s price surged by 13% in 7 days, reaching the $3,900 level for the first time since December 2021. The current $456 billion market capitalization distances Ether from its competitors. However, excessive leverage using ETH derivatives poses a risk to the current bullish momentum.

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2024-03-06 20:25:25 Ethereum Hits $3,900 for First Time Since December 2021

Ethereum jumped over $3,900 Wednesday morning, hitting its highest price since the end of 2021. The cryptocurrency's price surge comes as staked Ethereum hit over $116 billion earlier this week, up 9% since the start of the year. Today, 31,320,207 ETH are currently staked, worth over $119 billion at ETH's current price, per data from beaconcha.in.

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2024-03-06 10:15:13 Ethereum price hits two-year high as network fees soar, SEC stalls on ETF decision

Transaction fees on the Ethereum blockchain experienced a significant surge in the past 24 hours, coinciding with ETH’s price surpassing $3,700, marking a two-year high. This development comes amid the US Securities and Exchange Commission’s (SEC) delay in ruling on multiple pending spot ETH exchange-traded fund (ETF) applications.

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ETH | BTC & ALTCOIN News Open / Comment

2024-03-05 22:22:01 SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals

The United States Securities and Exchange Commission (SEC) has delayed its decision to approve or reject BlackRock and Fidelity’s spot Ether exchange-traded funds (ETFs). The SEC first delayed its decision on BlackRock’s and Fiedlity’s Ether ETF applications in January, shortly after it approved a roster of spot Bitcoin (BTC) ETFs to go live. The SEC can delay its decision up to three times before making a final decision.

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