Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place […]
Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $ 211.15 million, while ethereum ETFs faced a much smaller decline of $ 152,720. $ 211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $ 152K On Sept. 5, bitcoin and ethereum ETFs both took hits, with bitcoin ETFs …
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $ 37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $ 37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly …
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $ 82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite …
On September 2, 2024, ethereum was priced at $ 2,517, with a 24-hour intraday range of $ 2,407 to $ 2,531. Over the past week, its price fluctuated between $ 2,409 and $ 2,740, reflecting ongoing volatility. With a 24-hour trading volume of $ 14 billion and a market …
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital […]
Over the past seven months, data from cryptoquant.com reveals a staggering $ 26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $ 9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $ …
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $ 202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $ 13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $ 202M Boost On Aug. …
On August 26, 2024, ethereum’s price hovered around the $ 2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory. Ethereum Ethereum’s daily chart shows a …
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $ 96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the …
ETH Kipu Foundation, an organization focused on supporting and developing the Ethereum ecosystem in Latam, has partnered with the Ministry of Education of the City of Buenos Aires in Argentina to include Ethereum and blockchain as part of high school curricula. Additionally, these two institutions are working to develop an online Solidity course to train […]
Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […]
Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $ 99.05 million, with Ethereum-based NFTs leading the charge at $ 36.62 million. NFT Market Booms With Ethereum at the …
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $ 39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $ 17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether ETFs Hit by $ 17M …
Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal […]