Bit Digital (NASDAQ BTBT) has some big ideas. The publicly listed digital asset company is getting out of the business of custodying cryptoassets and moving into pure Ethereum (ETH) staking operations and treasury management businesses. The company is actively converting its Bitcoin (BTC) holdings into ETH. In addition to making...
Ethereum is obviously still in dangerous waters, encapsulated by large inflows to Ethereum funds and alarming technical signals. The downside risks for the cryptocurrency are strengthening amid persistently strong investment interest as the cryptocurrency continues to fail to reclaim important resistance areas.Historically, Ethereum funds have seen a recent boom in...
Bitcoin, Ethereum and XRP are indicating to their next potential breakout as they are all approaching major resistance. In addition, Bitcoin has been trading positively, up 5% over the last two days and now close to its 50-day EMA (exponential moving average). Ethereum has fared a lot better, bouncing back...
The New York Stock Exchange (NYSE) meanwhile is secretly working on getting approval to list a Bitcoin and Ethereum ETF. This prospective ETF would have been shamelessly tied to Trump Media & Technology Group. An important proposed rule change would do just that. This is an important milestone in the...
BlackRock, the largest asset manager in the world, has jumped back into adding Ethereum (ETH) to its portfolio after a short hiatus. Recent muscular moves by the firm have created some alarm and mystery within the crypto world. This includes deposits and withdrawals to/from Coinbase Prime. BlackRock’s fire sale has...
Spot Ethereum ETFs have hit a major milestone of their own, surpassing $4 billion in net inflows. That increase is more than $1 billion in only 15 trading days. This swift surge highlights the growing demand and investor appetite for Ethereum-based investment products.Yet by the end of June 23, spot...
Ethereum (ETH) is currently trading around $2,500. That’s an incredible show of resilience even in the face of hawkish jawboning from Federal Reserve Chair Jerome Powell. The cryptocurrency is up 3%, propelled by optimism over a peaceful resolution between Israel and Iran. This optimism has cushioned ETH from fears expressed...
Matter Labs recently released Airbender, a new state of the art cryptographic prover. Time to test out the newly open-sourced zero-knowledge virtual machine (zkVM), zkSync devs! In terms of programming frameworks, the ZKsync team says Airbender is the fastest of its kind. This unique framework is built on the open...
In fact, according to CoinShares, a digital asset investment firm, digital asset investment products reported inflows for the tenth straight week. These cumulative inflows just topped an impressive $1.24 billion. Bitcoin and Ethereum continue to drive the charge as we head into another week of inflows. The year-to-date inflows of...
Ethereum (ETH), after a short-lived rally to start the month, is in the midst of a price downturn, down 13.6% the last week. Escalating geopolitical tensions in the Middle East are contributing to the decline. The deepening Israel-Iran conflict, meanwhile, is fueling uncertainty in markets around the world. While the...
