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Bitcoin Breaks 100K and ETH Is Ok

Bitcoin Breaks 100K and ETH Is OkBitcoin’s historic rally last week didn’t happen in isolation—it came amid a surge of retail investors, Ethereum ETF inflows, and more. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin, Ethereum, and the Return of Retail Bitcoin […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts

Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts

Smart contract platforms have reached all-time highs in active addresses in the face of a price correction – a good sign for the asset class, according to analyst Jamie Coutts. Citing active address data from the analytics platform Artemis, Coutts says that the surge during the current price dip is a positive sign. “The daily […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building Research

Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building ResearchEthereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Grayscale’s ETHE Hemorrhages $2 Billion in Just 9 Trading Days

Grayscale’s ETHE Hemorrhages  Billion in Just 9 Trading DaysOn Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s net inflow of $26.7 million, as indicated by recent data. Meanwhile, Grayscale’s Ethereum Trust (ETHE) has seen a reduction of over $2 billion in ethereum since July 23. U.S. Ether ETFs Shed $54.27 Million on Friday The […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Ethereum ETFs Snap Losing Streak, Grayscale’s Outflows Weigh In

Ethereum ETFs Snap Losing Streak, Grayscale’s Outflows Weigh InOn Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $120.28 million. Ether ETFs Bounce Back After 4-Day Outflows The ether-based ETFs in the […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Grayscale Ethereum Trust Hits Premium for First Time Since 2021

Grayscale Ethereum Trust Hits Premium for First Time Since 2021Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Grayscale Highlights Risks of ETH Staking Restrictions in Latest SEC Disclosure

Grayscale Highlights Risks of ETH Staking Restrictions in Latest SEC DisclosureAccording to supplemental disclosures in Grayscale’s Ethereum Trust 8-K report, submitted to the U.S. Securities and Exchange Commission (SEC) on June 20, the trust’s inability to utilize its ethereum for staking services places its shares at a “comparative disadvantage.” Grayscale: Ethereum Trust Strategy Could be Impacted by Staking Limitations While multiple exchange-traded fund (ETF) issuers […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Vitalik Buterin Responds to Criticism on the Institutionalization of the Crypto Space: We’re Still Here

Vitalik Buterin Responds to Criticism on the Institutionalization of the Crypto Space: We’re Still HereVitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round

Permissionless Restaking Protocol Symbiotic Launches Raising .8 Million in Seed RoundSymbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $5.8 Million in […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Ethereum Technical Analysis: Bulls Face Critical Resistance at $3,900

Ethereum Technical Analysis: Bulls Face Critical Resistance at ,900Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum demonstrates strong support at $3,750 and resistance at […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes