Surging Ethereum network activity and growing adoption of layer-2 scaling solutions pave the way for an ETH price rally to $3,000. Ether rallied 16.2% on Aug. 8, but struggled to maintain levels above $2,600 on Aug. 9. Despite encountering stronger-than-expected resistance at $2,700, Ether remains well-positioned to extend its bullish trend, supported by a more…
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Ethereum price underperforms BTC on a number of metrics as investors await spot ETH ETF to start trading. Ether $3,090 started the year strongly but began tapering off in mid-March. Although the ETH picked momentum in mid-May amid anticipation of the approval of spot Ethereum ETFs in the United States, it has underperformed Bitcoin BTC …
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A hacker broke into the Ethereum Foundation’s email server and sent scam emails to 35,794 people, recording 81 subscriber email addresses in the process. On June 23, the Ethereum Foundation’s “update” email account was hacked and used to promote a phishing scam, according to a July 2 blog post from the foundation. The foundation has…
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The SEC commented on the S-1 forms and requested resubmissions by July 8, potentially delaying the launch of spot Ether ETFs until mid-to-late July. The launch of United States-based spot Ether exchange-traded funds (ETFs), which many expected to occur as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).…
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Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening. Ether has been under pressure since June 7, when it lost its $3,800 support level. Despite a series of positive developments, its price remained below $3,600 on June 19, showing no weekly change. Some analysts believe that the…
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Proceeds from the NFT mints are being paid to Protocol Guild, a collective funding mechanism created by Ethereum core contributors and the ad’s two actors. Digital asset manager Bitwise released its first spot Ether exchange-traded fund commercial on Thursday, allowing non-fungible token (NFT) enthusiasts to mint the 39-second clip on Ethereum. “Capture a piece of crypto…
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Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount…
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Ether started the year strongly but began tapering off in mid-March. However, the altcoin began picking up momentum in mid-May amid anticipation of the approval of spot Ether exchange-traded funds (ETFs) in the United States. Although ETH has trailed Bitcoin since Jan. 1, it has outperformed the flagship cryptocurrency since spot Ether ETFs received official approval from the Securities and Exchange…
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Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty. The Ethereum spot exchange-traded fund (ETF) was approved by the U.S. Securities and Exchange Commission (SEC) on May 23. Despite this long-awaited decision, the price of Ether failed to hold above $3,800 on May 24, which was surprising given that ETH was…
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Eclipse founder and CEO Neel Somani said he would “work to clear my name and defend myself” and will move away from a public-facing role at the firm. Ethereum layer 2 blockchain Eclipse founder and CEO Neel Somani says he is “temporarily reducing” his role as a “public face” for the firm as he faces…
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