🔸️Ethereum | Bitcoin & Altcoin News

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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ETH | BTC & ALTCOIN News Open / Comment

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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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ETH | BTC & ALTCOIN News Open / Comment

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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ETH | BTC & ALTCOIN News Open / Comment

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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ETH | BTC & ALTCOIN News Open / Comment

2024-03-04 22:10:01 Crypto Stocks Surge as Bitcoin Approaches All-Time Highs

U.S.-listed crypto companies showed healthy gains in pre-market trading on Monday as bitcoin {{BTC}} topped $65,000 for the first time since November 2021. With the world’s largest cryptocurrency's all-time high price of just over $69,000 firmly in its sights, crypto exchange Coinbase (COIN) gained over 6% while software company MicroStrategy (MSTR), which holds more than 190,000 BTC on its balance sheet, rose around 8.2% in pre-market trading.

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ETH | BTC & ALTCOIN News Open / Comment

2024-03-04 12:55:00 EigenLayer’s total value locked surpasses $10 billion

The total value of assets deposited to EigenLayer has risen around tenfold from $1.1 billion year-to-date, reaching $10 billion at the time of writing—some 2.93 million ether. EigenLayer offers a protocol for users to deposit and “re-stake” ether from various liquid staking tokens, aiming to then allocate those funds to secure third-party networks. Part of the reason for this surge is the continued ether deposits on Eigen (primarily via liquid restaking protocols) coupled with the increase in ether’s price.

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ETH | BTC & ALTCOIN News Open / Comment

2024-03-03 23:25:30 $906 Million Worth Of Ethereum Leave Exchanges Last Week

Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for long-term storage.

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ETH | BTC & ALTCOIN News Open / Comment