🔸️Ethereum | Bitcoin & Altcoin News

2024-04-16 08:45:14 Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April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

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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.

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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.”.

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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.”.

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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.

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