Ethereum News Daily Official TheBitTimes.com

ETH price surged post-Ark Invest, 21Shares ETF amendment. Amendment aligns spot ETH ETF with cash creation and redemption model akin to spot Bitcoin ETFs. The introduction of ETH staking in amended filing remains uncertain pending regulatory approval. Ethereum’s native token, ether (ETH), experienced a surge in price, reaching $2,457 before retracing to the current price of $2,424, after news of amendments to the joint spot Ethereum exchange-traded fund (ETF) application by Ark Invest and 21Shares. Ethereum ( ETH ) price chart   The news was another positive development for the Ethereum ecosystem after the Dencun upgrade was successfully deployed on the Holesky testnet. Amendment to spot Ethereum ETF application Ark Invest and 21Shares filed an amendment to their joint application for a spot Ethereum ETF, signalling significant updates in their approach. The amended S-1 filing introduces a cash creation and redemption policy, mirroring the ...

Ethereum (ETH) and Binance Coin (BNB) are among the best altcoins in the crypto industry, and investors will always have them in their portfolios. Even though these tokens are currently bullish, they will probably not deliver a triple-digit ROI to investors in 2024.  As a result, savvy investors turned to a fast-growing crypto token called Borroe Finance ($ROE). Keep reading to see expert opinions and forecasts on these tokens.    Standard Chartered predicts a May Ethereum Spot ETFs approval On January 30, analysts at Standard Chartered (one of the world’s leading financial institutions) predicted that the US SEC may approve Ethereum Spot ETFs by May 23. According to Geoff Kendrick (head of Digital Assets Research at SC), Ethereum will likely mirror BTC’s price movement in the weeks leading up to SEC’s approval for BTC Spot ETFs. Therefore, Kendrick predicts that ETH could trade for...

The world’s second-largest cryptocurrency, Ethereum barely holds above water amid a delicate situation in the market. Investors are patiently waiting for every word of the speech by the Federal Reserve chair, Jerome Powell. Some experts believe the expected 0.25% hike in interest rates has been factored in with Ethereum price and other cryptocurrencies likely to remain unchanged. For the moment, Ethereum price teeters at $1,575 while bulls focus on dealing with resistance at $1,600. On the downside, support at $1,520 must be defended at all costs to avert possible declines to $1,445 and $1,400, respectively. Over $7 billion in trading volume has been recorded in the 24 hours leading to this Analysis , although ETH price has only changed by +0.15%. The sell-off in the market since the weekend has resulted in a drop in the token’s market cap from $202 billion on January 29 to $192 billion. Ethereum price market cap Ethereum Price Exhibits Stability Ahead of...

A long-dormant Ether whale who participated in the Ethereum Initial Coin Offering (ICO) might be about to stake a massive 32,015 ETH tokens, according to on-chain analytics-focused Twitter account @lookonchain. The ICO participant staked 48,992 ETH back in October, ending six years of dormancy at the time. According to @lookonchain, the whale transferred 32,015 ETH tokens to a new address earlier this week, which they think the whale may be about to stake. The Ethereum ICO whale received 120,000 ETH tokens at the genesis of the Ethereum mainnet in 2015 across three separate wallets. If they do stake a further 32,015 tokens, that means the whale will have staked 67.5% of the 120,000 tokens they received at the Ethereum ICO. More ETH Shifts Towards Staking The above-noted whale’s (possible) shift towards staking a greater portion of its ETH holdings reflects a shift in the ETH market. ETH staking first became possible on the beacon chain back in late 2020. But up...

The number of Ethereum addresses holding a non-zero balance hit a new record high on Monday of 92.5 million. 2022’s bear market, which culminated in the collapse of one of the world’s former largest cryptocurrency exchanges in November, does not appear to have impacted growth in the number of non-zero balance addresses. Some analysts view the number of Ethereum addresses holding a non-zero balance as a proxy for the second-largest cryptocurrency by market capitalization’s broader “adoption”. Viewed through that lense, the continued, seemingly unstoppable rise of the number of non-zero balance Ethereum addresses can be interpreted as a long-term bullish sign for the ETH cryptocurrency. 100 Million Non-zero Address Wallets in Q2? Over the last three years, Ethereum has added about 20 million addresses holding a non-zero balance per year. Back of the fag box calculation thus implies that, with only around 7.5 million to go, the 100 million ...