🔸️Ethereum | Bitcoin & Altcoin News

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.

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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.

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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.

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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.

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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.

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2024-04-05 10:29:56 Ethena Labs adds bitcoin as USDe backing asset

Ethena Labs has added bitcoin as a backing asset for its USDe synthetic dollar, as traders embrace a resurgence in the world’s oldest digital asset. The decentralized finance (DeFi) protocol said Thursday in a series of posts on X that backing USDe with bitcoin will enable its dollar-pegged token to scale by a factor of more than 2.5, as well as make its products safer for traders. The move comes as bitcoin derivative markets outpace their ether-based equivalents.

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2024-04-04 19:14:57 US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director

Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission has regularly prevailed in its numerous court cases against these participants.

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2024-04-03 08:54:56 Coinbase raises concerns about risks stemming from Ethereum restaking

A recent report by Coinbase has brought attention to the burgeoning restaking sector within Ethereum’s DeFi landscape, pinpointing a series of potential risks that could accompany its growth. Restaking involves validators earning rewards by securing certain network services, attracting significant investment, notably within EigenLayer’s protocol, which now boasts $12.4 billion in total value locked (TVL).

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2024-04-02 20:54:57 Spot bitcoin ETF monthly trading volume nearly tripled in March, hits $111 billion

In March, trading volume for spot bitcoin ETFs surged to $111 million, nearly tripling February's total of $42.2 billion, according to Yahoo Finance compiled on The Block Data Dashboard. February marked the first full month of trading since the products debuted on January 11, and the significant increase in March highlights the growing interest in these new crypto-based financial instruments.

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2024-04-02 06:54:58 Solana DEX trading volume hits monthly ATH of $60 billion

Decentralized exchanges on the Solana blockchain have set a new monthly record for trading volume, surpassing $60.34 billion in March, based on DeFiLlama data. This achievement more than doubles the previous record of nearly $28.14 billion from December 2023 and is the second-highest volume of all blockchains — surpassed only by Ethereum’s $77.55 billion during the month.

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