🔸️Ethereum | Bitcoin & Altcoin News

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2024-02-27 13:29:01 Ether holds above $3,000 as ETH futures open interest hits all-time high on major exchanges

Daily open interest of ether futures on Binance and Bybit has reached an all-time high, according to The Block's Data Dashboard. Data indicate that among the top five derivatives exchanges, all except the Chicago Mercantile Exchange (CME) have broken all-time highs in terms of daily ether futures open interest. For instance, open interest on Binance has surged to a peak of over $3.30 billion, while on Bybit, it has reached $1.94 billion.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-26 21:01:08 Ethereum Whales Withdraw $64.2M in 6 Days Ahead of ETH’s Rally to 2-Year High

Ether’s (ETH) latest price rally and surge past the $3,000 level has been followed by whales on an accumulation spree. According to Lookonchain, whale 0x8B94 withdrew 14,632 ETH worth $45.5 million from the world’s largest crypto exchange, Binance, in the past six days. Whale 0x8B94 first transferred 10,820 ETH accumulated by February 23 out for staking before moving the last 3,850 ETH withdrawn between February 24 and 25, eight hours before writing time. Data from Etherscan showed the whale had a balance of 4.7 ETH worth approximately $14,500 at press time.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-26 10:35:16 Grayscale Research Identifies Dencun Upgrade as 'Coming of Age' Event for Ethereum

Grayscale Research’s latest report explains that Ethereum is poised to take advantage of several tailwinds with its upcoming Dencun upgrade. Grayscale analyst Will Ogden states that, while Ethereum is facing increased competition from other chains like Solana, Dencun’s modularity focus will help it “come of age,” lowering transaction fees for rollups and opening the doors for more volume to be moved using these solutions.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-25 22:42:01 Ethereum’s Whales Invest $500M in 48 hours

Ethereum (ETH) price soared to a new 2024 peak around $3,050, on Sunday Feb 24, sparking hopes of another bullish outing in the coming week. After Bitcoin ETFs for weekly trading on Feb 23, on-chain data shows that crypto whale investors switched focus to ETH. On-chain data shows that Ethereum’s 1,000 largest holders made after-market acquisition of 170,000 ETH (~$514 million) over the weekend. If ETH price closes above $3,000, it could open up a path to the next major resistance at $3,200 in the week ahead.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-25 07:54:06 Grayscale CEO says a spot Ethereum ETF is "a matter of when, not a matter of if."

ETH | BTC & ALTCOIN News Open / Comment

2024-02-24 19:55:29 Interest in Bitcoin Surges in Australia Following Spot BTC ETF Approval in the US: Study

Following the Securities and Exchange Commission’s (SEC) approval of the first eleven spot Bitcoin Exchange Traded Funds (ETFs) in the United States last month, Australian retail interest in Bitcoin has experienced a surge. The development has grabbed Australian investors’ attention, with 34% acknowledging awareness of the news. This has increased confidence in Bitcoin, with 25% of locals holding a more positive view following the ETF approval.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-24 10:25:14 Mystery Ethereum whale accumulates $411 million ETH in February amid ETF rumors

An unknown Ethereum whale has been accumulating ETH at a rapid pace since the start of February. Over the past 23 days, wallet 0x7a95c has acquired $411 million worth of ETH and stETH, mostly from Binance. Data shared by Spotonchain traces the ETH inflows into the wallet throughout the month, showing persistent purchases of between 3,000 and 34,000 ETH. Analysis tracing inflows and outflows from the wallet shows connections with multiple different exchanges and DEXs.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-23 18:10:28 Spot Bitcoin ETF cumulative trading volume exceeds $50 billion

Cumulative trading volume for the new spot Bitcoin exchange-traded funds reached more than $50 billion on Thursday, six weeks after the Securities and Exchange Commission gave ETFs from BlackRock, Fidelity and Bitwise, among others, the green light. Spot Bitcoin ETF cumulative volumes increased from $28.3 billion at the start of the month to $50.5 billion by the close of trading yesterday, boosted by a multi-week high trading volume of more than $2.5 billion on Tuesday.

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ETH | BTC & ALTCOIN News Open / Comment

2024-02-23 12:20:17 Ether options open interest hits multi-month high with a skew towards calls: analyst

An analyst has noted a significant surge in options open interest, with the majority of the increase being skewed towards calls. "Ether options open interest has increased by more than 300,000 contracts in the past week," Bitfinex Head of Derivatives Jag Kooner told The Block. This concurs with The Block's Data Dashboard, which shows the total ether options OI across crypto derivatives exchanges has reached a multi-month high of $9 billion.

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ETH | BTC & ALTCOIN News Open / Comment