Ethereum ETFs On Hold? US Regulators Expected To Block Spot Products In May
https://bitcoinist.com/ethereum-etfs-on-hold-us-regulators-expected-to-block-spot-products-in-may/
Anticipation and uncertainty intertwine as US issuers brace for potential disappointment in their bid to launch exchange-traded funds (ETFs) linked to the price of Ethereum. Recent interactions with the US Securities and Exchange Commission (SEC) have left these firms with a lingering sense of pessimism, indicating a rocky path ahead for Ether-based financial products, according […]
https://bitcoinist.com/ethereum-etfs-on-hold-us-regulators-expected-to-block-spot-products-in-may/
Anticipation and uncertainty intertwine as US issuers brace for potential disappointment in their bid to launch exchange-traded funds (ETFs) linked to the price of Ethereum. Recent interactions with the US Securities and Exchange Commission (SEC) have left these firms with a lingering sense of pessimism, indicating a rocky path ahead for Ether-based financial products, according […]
Coinbase CLO Defends Ethereum Security Status Amid Regulatory Scrutiny
https://bitcoinist.com/coinbase-clo-defends-ethereum-security-status/
Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, has become a major voice in the continuing discussion about the legal classification of Ethereum by the United States Securities and Exchange Commission (SEC), arguing in favor of the platform’s non-security status. Broader Recognition Of Ethereum Security Nature Taking to the X (formerly Twitter), the Coinbase […]
https://bitcoinist.com/coinbase-clo-defends-ethereum-security-status/
Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, has become a major voice in the continuing discussion about the legal classification of Ethereum by the United States Securities and Exchange Commission (SEC), arguing in favor of the platform’s non-security status. Broader Recognition Of Ethereum Security Nature Taking to the X (formerly Twitter), the Coinbase […]
Ethereum Sell Side Liquidity Thinning On CEXes: Time For $4,000?
https://bitcoinist.com/ethereum-sell-side-liquidity-thinning-on-cexes/
Taking to X on April 26, one analyst notes that there is a high probability of Ethereum spiking in the sessions ahead because of thinning sell-side liquidity across major centralized exchanges like Binance and Coinbase. Thin Sell-Side, Big Potential Move For ETH Thinning sell-side liquidity, as seen on order books across CEXes, means that few sellers are […]
https://bitcoinist.com/ethereum-sell-side-liquidity-thinning-on-cexes/
Taking to X on April 26, one analyst notes that there is a high probability of Ethereum spiking in the sessions ahead because of thinning sell-side liquidity across major centralized exchanges like Binance and Coinbase. Thin Sell-Side, Big Potential Move For ETH Thinning sell-side liquidity, as seen on order books across CEXes, means that few sellers are […]
Week in Ethereum News April 27, 2024
https://weekinethereumnews.com/week-in-ethereum-news-april-27-2024/
https://weekinethereumnews.com/week-in-ethereum-news-april-27-2024/
Week in Ethereum News
Week in Ethereum News April 27, 2024
Road To Approval? The First Spot Ethereum ETF Lands On The DTCC Website
https://bitcoinist.com/road-to-approval-the-first-spot-ethereum-etf-lands-on-the-dtcc-website/
Franklin Templeton’s Ethereum Spot ETF ticker has appeared on the Depository Trust and Clearing Corporation (DTCC) list, indicating a possible signal that the United States Securities and Exchange Commission (SEC) could approve Ethereum ETFs. Related Reading: David Vs. Goliath? Crypto Firm Consensys Sues SEC Over Ethereum Regulation Franklin Templeton’s Spot Ethereum ETF Gets Listed By […]
https://bitcoinist.com/road-to-approval-the-first-spot-ethereum-etf-lands-on-the-dtcc-website/
Franklin Templeton’s Ethereum Spot ETF ticker has appeared on the Depository Trust and Clearing Corporation (DTCC) list, indicating a possible signal that the United States Securities and Exchange Commission (SEC) could approve Ethereum ETFs. Related Reading: David Vs. Goliath? Crypto Firm Consensys Sues SEC Over Ethereum Regulation Franklin Templeton’s Spot Ethereum ETF Gets Listed By […]
Ethereum Spot ETFs Unlikely To Get Green Light In May: Tron Founder
https://bitcoinist.com/ethereum-etfs-unlikely-to-get-green-light-in-may/
Expectations that the highly anticipated Ethereum Spot Exchange-Traded Funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) have continued to drop. In this regard, Justin Sun, founder of the Tron network, has made a significant prediction on the regulatory chances of Spot Ethereum ETF, indicating that it is unlikely that […]
https://bitcoinist.com/ethereum-etfs-unlikely-to-get-green-light-in-may/
Expectations that the highly anticipated Ethereum Spot Exchange-Traded Funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) have continued to drop. In this regard, Justin Sun, founder of the Tron network, has made a significant prediction on the regulatory chances of Spot Ethereum ETF, indicating that it is unlikely that […]
Ethereum Network Now Cheapest In 6 Months: What It Means
https://bitcoinist.com/ethereum-network-now-cheapest-6-months-what-means/
On-chain data shows the Ethereum transaction fees is now at its lowest since October 2023. Here’s what it could mean for the cryptocurrency. Ethereum Transfer Fees Has Recently Plunged To A Low Of $1.12 According to data from the on-chain analytics firm Santiment, the average fee on the Ethereum network has dropped to low levels […]
https://bitcoinist.com/ethereum-network-now-cheapest-6-months-what-means/
On-chain data shows the Ethereum transaction fees is now at its lowest since October 2023. Here’s what it could mean for the cryptocurrency. Ethereum Transfer Fees Has Recently Plunged To A Low Of $1.12 According to data from the on-chain analytics firm Santiment, the average fee on the Ethereum network has dropped to low levels […]
Ethereum Regulatory Saga: Court Filings Expose SEC Chair Gensler’s Stand
https://bitcoinist.com/sec-chair-genslers-stance-on-ethereum/
Newly disclosed court filings have shed light on the belief of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under the Howey Test, which is considered by the vast majority of crypto advocates to be an outdated legal framework for regulating crypto assets. According […]
https://bitcoinist.com/sec-chair-genslers-stance-on-ethereum/
Newly disclosed court filings have shed light on the belief of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under the Howey Test, which is considered by the vast majority of crypto advocates to be an outdated legal framework for regulating crypto assets. According […]
Ethereum Bounces Back Strongly After $2,871 Support Rejection
https://bitcoinist.com/ethereum-bounces-back-strongly/
On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at the resistance level of $2,871. Since this rejection, the price of Ethereum has gained a significant upward movement of over 9% and showing signs of even moving further. At the time of writing, the price is still showing strong signs […]
https://bitcoinist.com/ethereum-bounces-back-strongly/
On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at the resistance level of $2,871. Since this rejection, the price of Ethereum has gained a significant upward movement of over 9% and showing signs of even moving further. At the time of writing, the price is still showing strong signs […]
Ethereum Spot ETF Approval Delayed: SEC Postpones Verdict on Invesco’s Proposal
https://bitcoinist.com/invescos-proposal-ethereum-spot-etf-delayed/
Pessimism surrounding Spot Ethereum ETFs approval is set to increase as the United States Securities and Exchange Commission (SEC) has opted to delay its decision on the approval process of Invesco Galaxy’s ETH Spot ETF, fueling uncertainty in the crypto market. SEC Pushes Back Invesco’s Ethereum Spot ETF In October last year, Invesco Galaxy filed […]
https://bitcoinist.com/invescos-proposal-ethereum-spot-etf-delayed/
Pessimism surrounding Spot Ethereum ETFs approval is set to increase as the United States Securities and Exchange Commission (SEC) has opted to delay its decision on the approval process of Invesco Galaxy’s ETH Spot ETF, fueling uncertainty in the crypto market. SEC Pushes Back Invesco’s Ethereum Spot ETF In October last year, Invesco Galaxy filed […]
Grayscale Withdraws Ethereum Spot ETF Proposal Amid Regulatory Obstacles
https://bitcoinist.com/grayscale-withdraws-ethereum-spot-etf-proposal/
In a shocking development, American-based cryptocurrency asset management giant Grayscale Investments has withdrawn its Ethereum Spot Exchange-Traded Fund (ETF) proposal with the United States Securities and Exchange Commission (SEC). This ruling is made against the backdrop of regulatory ambiguity that surrounds exchange-traded funds in the US that are based on digital assets. Grayscale Takes Back […]
https://bitcoinist.com/grayscale-withdraws-ethereum-spot-etf-proposal/
In a shocking development, American-based cryptocurrency asset management giant Grayscale Investments has withdrawn its Ethereum Spot Exchange-Traded Fund (ETF) proposal with the United States Securities and Exchange Commission (SEC). This ruling is made against the backdrop of regulatory ambiguity that surrounds exchange-traded funds in the US that are based on digital assets. Grayscale Takes Back […]
Ethereum’s Next Big Leap? Buterin Proposes Transformative EIP-7702
https://bitcoinist.com/ethereum-buterin-eip-7702/
Ethereum co-founder Vitalik Buterin, along with collaborators Sam Wilson, Ansgar Dietrichs, and Matt Garnett, has proposed a new Ethereum Improvement Proposal (EIP) numbered 7702, designed to significantly enhance the functionality of Ethereum’s externally owned accounts (EOAs). EIP-7702 aims to integrate smart contract functionalities temporarily into EOAs, a transformative concept that might redefine user interactions on […]
https://bitcoinist.com/ethereum-buterin-eip-7702/
Ethereum co-founder Vitalik Buterin, along with collaborators Sam Wilson, Ansgar Dietrichs, and Matt Garnett, has proposed a new Ethereum Improvement Proposal (EIP) numbered 7702, designed to significantly enhance the functionality of Ethereum’s externally owned accounts (EOAs). EIP-7702 aims to integrate smart contract functionalities temporarily into EOAs, a transformative concept that might redefine user interactions on […]
Dencun Destroyed The Ethereum “Ultra-Sound Money” Narrative: CryptoQuant
https://bitcoinist.com/dencun-ethereum-ultra-sound-money-narrative/
Researchers at CryptoQuant, a crypto analytics platform, are now disproving the idea that Ethereum is “ultra-sound money,” especially after activating the highly anticipated Dencun Upgrade in mid-March. Analysts observe that the hard fork has slowed the number of coins going to the “furnace.” Accordingly, ETH is now more deflationary, considering the rising daily supply over the […]
https://bitcoinist.com/dencun-ethereum-ultra-sound-money-narrative/
Researchers at CryptoQuant, a crypto analytics platform, are now disproving the idea that Ethereum is “ultra-sound money,” especially after activating the highly anticipated Dencun Upgrade in mid-March. Analysts observe that the hard fork has slowed the number of coins going to the “furnace.” Accordingly, ETH is now more deflationary, considering the rising daily supply over the […]
Move Over Bitcoin, Robert Kiyosaki Advocates For Ethereum Investment
https://bitcoinist.com/bitcoin-robert-kiyosaki-ethereum/
In a recent episode on the popular podcast ‘The Rich Dad Channel,’ Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” advocated for crypto investments, specifically Ethereum and Bitcoin. The financial expert has shed light on the diminishing value of the United States Dollar (USD), emphasizing the potential onset of a market […]
https://bitcoinist.com/bitcoin-robert-kiyosaki-ethereum/
In a recent episode on the popular podcast ‘The Rich Dad Channel,’ Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” advocated for crypto investments, specifically Ethereum and Bitcoin. The financial expert has shed light on the diminishing value of the United States Dollar (USD), emphasizing the potential onset of a market […]
Ethereum Is Down 30% From 2024 Highs: Why Is This Analyst Super Bullish?
https://bitcoinist.com/ethereum-down-2024-highs-analyst-super-bullish/
While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could […]
https://bitcoinist.com/ethereum-down-2024-highs-analyst-super-bullish/
While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could […]
Ethereum Gas Fees Plunge To Lowest Since 2020: Is This The End Of High Costs?
https://bitcoinist.com/ethereum-gas-fees-plunge-to-lowest-since-2020-this/
In a significant development for Ethereum, the average gas fee on the network has dropped to 6.8 Gwei, marking the lowest level since January 2020, as shown by YCharts. This decrease in gas fees has made all on-chain operations, including asset swaps, cross-chain bridging, and non-fungible token (NFT) minting, considerably more affordable for users. Dencun […]
https://bitcoinist.com/ethereum-gas-fees-plunge-to-lowest-since-2020-this/
In a significant development for Ethereum, the average gas fee on the network has dropped to 6.8 Gwei, marking the lowest level since January 2020, as shown by YCharts. This decrease in gas fees has made all on-chain operations, including asset swaps, cross-chain bridging, and non-fungible token (NFT) minting, considerably more affordable for users. Dencun […]
Can Ethereum Sustain Momentum? Key Levels To Watch In The Short Term
https://bitcoinist.com/can-ethereum-maintain-momentum-key-levels-to-watch/
Ethereum, the world’s second-largest cryptocurrency, has been on a rollercoaster ride lately, dipping below the psychologically important $3,000 threshold only to claw its way back, Ethereum’s price action has been a confusing mix of bullish and bearish signals. Related Reading: Whale On The Move: $18 Million Ethereum Withdrawal Triggers DeFi Frenzy Bullish Whispers: New Investors […]
https://bitcoinist.com/can-ethereum-maintain-momentum-key-levels-to-watch/
Ethereum, the world’s second-largest cryptocurrency, has been on a rollercoaster ride lately, dipping below the psychologically important $3,000 threshold only to claw its way back, Ethereum’s price action has been a confusing mix of bullish and bearish signals. Related Reading: Whale On The Move: $18 Million Ethereum Withdrawal Triggers DeFi Frenzy Bullish Whispers: New Investors […]
Announcing the Ethereum Protocol Fellowship Cohort 5
https://blog.ethereum.org/en/2024/05/13/epf-5-announcement
TL;DR: - Review the program details for EPF5) 🔎 - Applications for EPF5 are open until May 26 📝 - A town hall will be held for an overview and questions on May 21 at 4PM UTC. 🎙️ We are excited to announce that the applications are now...
https://blog.ethereum.org/en/2024/05/13/epf-5-announcement
TL;DR: - Review the program details for EPF5) 🔎 - Applications for EPF5 are open until May 26 📝 - A town hall will be held for an overview and questions on May 21 at 4PM UTC. 🎙️ We are excited to announce that the applications are now...