🔸️Ethereum | Bitcoin & Altcoin News

2024-04-10 08:45:14 VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs

The CEO of VanEck – the global investment firm whose Bitcoin Trust (HODL) is among the almost dozen spot bitcoin ETFs – thinks the cryptocurrency industry should focus more on transaction fees and not so much on Bitcoin (BTC) and Ethereum (ETH) or their related exchange-traded funds. Jan van Eck said on CoinDesk's "Markets Daily" that the transaction fees on the Bitcoin and Ethereum blockchains are unpredictable, making it harder to build applications in those ecosystems.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-09 20:15:26 Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response

On April 8, Metaplanet (TSE: 3350), a firm based in Japan, disclosed its strategy to bolster its treasury with 1 billion yen ($659M) in bitcoin (BTC). The decision has garnered backing from a slew of partners and investors, including Sora Ventures, UTXO Management, and Morgan Creek Capital’s Mark Yusko, among others. “This strategic pivot is not just about embracing digital assets but also about pioneering a future where finance meets innovation at its core,” Metaplanet said on X.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-09 11:14:52 BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes

The Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, will “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks, says BitMEX co-founder Arthur Hayes. In an April 8 blog post, Hayes wrote he believed the Bitcoin halving would “pump prices in the medium term” but warned crypto prices “directly before and after could be negative.”.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-08 22:54:53 Rivalries among Ethereum layer-2s threaten the ecosystem’s future, says Polygon CEO

Polygon Labs CEO Marc Boiron believes that the intense rivalry between Ethereum layer-2 networks is the “biggest problem” facing the second-largest digital asset by market capitalization. Several crypto community members share Boiron’s perspective, asserting that Layer 2 networks should target those outside the Ethereum ecosystem. Notably, Boiron reposted a social media post that urged the layer-2 networks to play the long-term game and “champion each other wins.”.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-08 11:39:53 New users flock to Ethereum while long-term holders are less active than ever

Long-term holders of ether, the currency of the Ethereum blockchain, appear to be holding on tighter than ever before. According to data from The Block, the active supply of ether, or the supply that has been moved from one wallet to another within certain time periods, is currently at a historical low point for periods of one year or longer. The active supply over 30- and 90-days is also near all-time lows, having fallen over half from their peaks.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-07 22:09:54 Pantera Capital posts 66% gain for crypto fund last quarter, despite selling Bitcoin: Bloomberg

Pantera Capital, the $5.2 billion asset manager which was the first to focus exclusively on blockchain technology and digital assets, has posted a 66% gain for its Liquid Token Fund over the first quarter of 2024. The gains were led by Solana and smaller-cap tokens such as Ribbon Finance , Aevo, and Stacks , according to a Bloomberg report, while the fund sold large parts of its position in Bitcoin and Ethereum -based tokens.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-07 12:19:54 Bitcoin halving will have to battle with ‘weak time of year’ — Coinbase

Coinbase explained that total crypto volumes are slowing down due to the market attempting “to find the next narrative to power it higher.” Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase. The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained in its April 5 market commentary report.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-06 21:21:55 Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says

Staking platform Lido’s share of staked ether (ETH) has continued to fall, which should reduce concerns about concentration in the Ethereum network, raising the chance that ETH won't be designated as a security in the future, JPMorgan (JPM) said in a research report on Wednesday. “The share of Lido in staked ETH has decreased further from around one third a year ago to around a quarter at the moment,” analysts led by Nikolaos Panigirtzoglou wrote.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-06 12:44:55 SEC to eventually approve spot Ethereum ETFs, says JPMorgan

JPMorgan remains optimistic about the Securities and Exchange Commission's eventual approval of spot Ethereum exchange-traded funds despite earlier this year assigning not more than a 50% chance for approval by May, the initial deadline. "If there is no spot Ethereum ETF approval in May, then we assume there is going to be a litigation process after May," Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, told The Block.

Source

ETH | BTC & ALTCOIN News Open / Comment

2024-04-05 20:59:55 Bitcoin (BTC) Price Will Not Drop Below This Level Again, Says PlanB

Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB has identified a level which he believes Bitcoin (BTC) will never go below again. According to a tweet by the controversial analyst, BTC is “highly unlikely” to ever move below $33,000, which is also its 200-week moving average. This prediction applies to post-halving slumps and subsequent bear markets. The outcome of PlanB’s latest analysis differs from his prediction in early February. At the time, he said BTC may not go below $40,000, which was its five-month realized price.

Source

ETH | BTC & ALTCOIN News Open / Comment