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Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in May

Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in MayStandard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […]

Elon Musk, the world’s richest man, hits record $348B net worth

‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum RegulationsIn a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

Elon Musk, the world’s richest man, hits record $348B net worth

Ethereum on track for $1B annual profit as DeFi drives Q1 revenue

Ethereum saw first-time profits only last year and if it can keep pace with its 2024 first-quarter results, it could see $1 billion in yearly income by the end of the year.

Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.

The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report from The DeFi Report analyst Michael Nadeau.

Ethereum’s fee revenue — earned through users paying for transactions — hit $1.17 billion, up 155% from Q1 2023 and an 80% increase from the prior quarter.

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Elon Musk, the world’s richest man, hits record $348B net worth

27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks

27% of Ethereum Now Staked:  Billion Committed as Interest PeaksRecent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum. Staking Captures 27% of Ethereum Supply; […]

Elon Musk, the world’s richest man, hits record $348B net worth

Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in AprilFollowing a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the […]

Elon Musk, the world’s richest man, hits record $348B net worth

In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline

In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH DeclineAccording to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued at approximately $1.18 billion. $1.18 Billion Worth of […]

Elon Musk, the world’s richest man, hits record $348B net worth

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long […]

Elon Musk, the world’s richest man, hits record $348B net worth

Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation Analysis

Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation AnalysisBitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF), a move aimed at providing investors with regulated exposure to ether without direct ownership of the cryptocurrency. Bitwise Aims for SEC Approval With Spot Ethereum ETF, Backed by Correlation Data Bitwise’s proposed ETF, conducted in […]

Elon Musk, the world’s richest man, hits record $348B net worth

Unlocking Crypto History: 2,000 ETH From Ethereum’s Genesis Days Suddenly Moved

Unlocking Crypto History: 2,000 ETH From Ethereum’s Genesis Days Suddenly MovedIn recent weeks, Bitcoin.com News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […]

Elon Musk, the world’s richest man, hits record $348B net worth

Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit Outcome

Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit OutcomeRipple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point […]

Elon Musk, the world’s richest man, hits record $348B net worth