🔸️Ethereum | Bitcoin & Altcoin News

2024-04-18 21:04:58 Transaction Fees Soar on Bitcoin Network as Network Braces for Halving

The cost of sending bitcoin (BTC) onchain is climbing, with the halving expected after another 229 blocks are mined. As of April 18, 2024, approximately 164,000 transactions or 220 blocks worth of transfers are pending confirmation. There has been an increase in transaction activity since April 4, and from April 7 onward, there have consistently been more than 450,000 confirmed transactions per day for the past 11 days. In a similar trend, the rise in transfer fees began 11 days ago, climbing from $2.86 per average transaction to $9.09 per transaction three days later.

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2024-04-18 08:40:15 Crypto ETFs other than Bitcoin and Ethereum funds will '100%' be approved: Grayscale

Grayscale's ETF chief is bullish that regulators will eventually have to approve exchange-traded funds based on cryptocurrencies other than bitcoin and ether. David LaValle, Grayscale's global head of ETFs, was asked during a roundtable discussion on Wednesday if he thought exchange-traded funds based on other cryptocurrencies might gain approval in the next two to three years.

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2024-04-17 18:59:58 Bitcoin’s Outperformance Means Some of Expected Post-Halving Rally May Have Come Early: JPMorgan

Recent weakness in mining stocks ahead of the bitcoin (BTC) halving offers an attractive entry point for investors, JPMorgan (JPM) said in a research report on Tuesday. The total market cap of the 14 U.S.-listed bitcoin miners tracked by the bank fell 28%, or $5.8 billion, to $14.2 billion, from March 31 to April 15, the report said. All of the stocks underperformed bitcoin and all lost at least 20%. The quadrennial reward halving slows the rate of growth in bitcoin supply and is expected to occur around April 19-20.

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2024-04-17 10:50:19 Bitcoin ETF Hype Dies Down, Normalcy Sets In

The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust (GBTC). On last Friday and again on Monday, Fidelity’s Wise Origin Bitcoin Fund (FBTC) had inflows of $0, breaking its streak of daily additions that started at launch on January 11. That leaves BlackRock’s iShares Bitcoin Trust (IBIT) as the only spot bitcoin ETF left that's experienced an unbroken string of inflows since the vehicles began trading.

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2024-04-16 19:40:25 Current actions of bitcoin holders mirror December 2020, suggesting possible growth phase: Bitfinex analysts

A significant decrease in the inactive supply of bitcoin that has not moved in over a year is indicative of long-term holders either continuing to trim their holdings or moving their assets off exchange, according to this week's Bitfinex Alpha report. "Fundamental to bitcoin price dynamics is this week’s halving, which as it approaches, has seen a notable surge in bitcoin leaving centralized exchanges, and a decrease in the inactive supply of bitcoin that has not moved in over a year, to an 18-month low," Bitfinex analysts said.

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2024-04-16 08:45:14 Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the top liquid staking derivatives (LSD) protocols. On April 1, 2024, these platforms collectively held 13.53 million ETH across 27 distinct decentralized finance (defi) platforms, as per archived data from defillama.com. Presently, after this decline, approximately 13.15 million ETH, valued at $41.5 billion based on current exchange rates, remains.

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2024-04-15 19:15:27 Hong Kong Approves First Spot Bitcoin and Ethereum ETFs

The Hong Kong Securities and Futures Commission (SFC) has given the green light to several spot bitcoin and ethereum exchange-traded funds (ETFs), a move that signals substantial progress in the region’s crypto market, with approvals awarded to China Asset Management, Bosera Capital, and Hashkey Capital Limited, and an in-principle approval for Harvest Global Investments.

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2024-04-15 08:01:28 April's first two weeks saw more Ethereum loans liquidated than any month since June 2022

While crypto prices have staged a modest recovery following yesterday's sharp selloff, the volume of liquidations on Ethereum lending markets has already reached its highest monthly value in years—despite April hardly being half over. According to The Block's data dashboard, nearly $80 million in liquidations in lending protocol Aave and nearly $50 million in liquidations in Compound make up the vast majority of the liquidations.

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2024-04-14 11:25:20 Ethereum's Pectra upgrade to bring smart contract functionality to wallets as experts debate EIP-3074

After a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum's next upgrade, nicknamed Pectra, which is expected later this year. This enables functionality like approving a large batch of transactions all at once, paying gas in different ERC20 tokens, enhanced security or account recovery, and more. However, the upgrade is still a step away from full account abstraction, as the delegated wallet cannot initiate transactions.

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2024-04-13 19:55:24 $10.5 Trillion Asset Manager Blackrock's Spot Bitcoin ETF Now Holds 270K BTC

Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K bitcoins. The asset manager’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has maintained a dominant position in the U.S. spot bitcoin ETF market. As of April 11, IBIT’s bitcoin holdings stood at approximately 269,314 BTC, with a notional value of over $18.9 billion.

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