Between July 2023 and January 2024, the concentration of bitcoin and ethereum in institutional digital asset portfolios increased from 50% to 80%, the latest Bybit user asset allocation report has shown. During this period, institutions appeared to be more bullish on ethereum than bitcoin, a sentiment that contrasted with that of retail investors. Stablecoins and […]
Mad Money Host Jim Cramer Expects Spot Ethereum ETF to ‘Bloom’ Soon
Jim Cramer, the host of CNBC’s Mad Money show, believes that a spot ethereum exchange-traded fund (ETF) “will soon bloom.” He cited the immense success of spot bitcoin ETFs, which set several records this week, as the reason behind his statement. Jim Cramer on Spot Ethereum ETFs Mad Money host Jim Cramer weighed in on […]
JPMorgan Says Bitcoin Halving and Ethereum Upgrade ‘Are Largely Priced In’
JPMorgan Chase has discussed three main catalysts driving crypto prices over the coming months. The global investment bank’s analysts believe that the Bitcoin halving event and the next major upgrade of the Ethereum network are largely priced in. JPMorgan on Catalysts Affecting Crypto Prices Global investment bank JPMorgan Chase has provided its insights into three […]
Ethereum Technical Analysis: Upper Resistance Tussle Puts Bulls on Pause
Ethereum’s price movement on Feb. 26, 2024, showcases a strong uptrend despite recent market volatility. With the second leading crypto asset’s price hovering around $ 3,064, it reflects a significant surge over the past month. At press time, market oscillators and moving averages signal mixed sentiments, hinting at both potential pullbacks and further gains. …
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 […]
Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”
Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a […]
Eigen Labs Secures $100 Million A16z Investment for Ethereum Protocol Expansion
On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $ 100 million investment from A16z Crypto. This substantial funding comes after the project’s $ 50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $ 100M from A16z Crypto Eigen Labs has …
Ethereum Taps $3,000 Barrier Amid ETF Speculation and Upcoming Dencun Upgrade
The value of ethereum, the crypto market’s second-largest asset by market cap, eclipsed the $ 3,000 milestone on Tuesday, peaking at $ 3,014 per unit in the morning trading hours. Over the last week, ether has seen a 13.1% climb against the U.S. dollar, and over the preceding two weeks, it has surged …
Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes
Ethereum started Monday with its price hitting $ 2,934 per unit, marking a week filled with a strong 14.9% increase. Over the preceding fortnight, the second-leading crypto asset by market cap witnessed a substantial 25.9% upswing. Kicking off this week, ether’s trading volume over the past 24 hours has hovered around $ 24.74 …
New Study Unveils the Total Cost to Attack Bitcoin and Ethereum
A newly published Social Science Research Network (SSRN) paper by Lucas Nuzzi, Kyle Waters, and Matias Andrade introduces a novel approach to calculating the Total Cost to Attack (TCA) Bitcoin and Ethereum. The comprehensive analysis sheds light on the economic barriers to 51% attacks, challenging previous assumptions about blockchain vulnerability. Unveiling the Cost of Compromise: […]
Ethereum Co-Founder Vitalik Buterin on Tackling Deepfake AI Risks: ‘Ask Security Questions’
Vitalik Buterin, a co-founder of the cryptocurrency project Ethereum, has raised an alert on using deepfakes, videos created using artificial intelligence (AI) to try to impersonate human beings, to persuade others about making financial transactions. For Buterin, the issue is not only cryptographical and can be tackled using security questions with friends and colleagues. Ethereum […]
Ethereum Technical Analysis: Sideways Movement as ETH Eyes Break Above $2,500
With its price positioned at $ 2,485, ethereum’s daily fluctuations have ranged from $ 2,309 to $ 2,541, highlighting a market that is both dynamic and erratic. The current market capitalization of ether is approximately $ 299.25 billion, and in the last 24 hours, ethereum has seen a global trading volume …
NFT Sales Surge 16.8% This Week, Ethereum Dominates With Top Volumes
This week, sales of non-fungible tokens (NFTs) surged by 16.8% over last week, as per the most recent statistics on digital collectibles. The Ethereum blockchain led the charge among 21 blockchains, capturing the top spot with sales totaling $ 148.49 million, marking a substantial increase of 99.08%. Digital Collectibles on the Rise: Ethereum Tops …
Ethereum to Launch Dencun Upgrade March 13, Introducing ‘Blobs’ for Layer Two Scaling
The Ethereum network is set to roll out the Dencun upgrade, aiming to significantly enhance data storage and transaction efficiency through the implementation of EIP-4844, known as “Proto-Danksharding.” Ethereum Set to Undergo Major Upgrade With Dencun Rollout on March 13 The Ethereum mainnet is gearing up for a significant upgrade as the long-anticipated Dencun update […]
Ethereum Technical Analysis: ETH Remains Range Bound With Neutral to Bullish Momentum
Ethereum’s price held above $ 2,300 over the past 24 hours, ranging between $ 2,266 and $ 2,333. The cryptocurrency faces technical resistance at its recent highs according to an analysis of key oscillators and moving averages. These indicate continued neutral to bullish momentum over the past month across the daily, 4-hour, …