Ethereum Whale Nears Liquidation, ETH Price Plummets
The Ethereum whale faces liquidation as ETH declines 10.42% this week. Bitcoin and Ethereum sell-offs lower market mood. Due to the steady decline in Ethereum prices, a significant Ethereum whale is on the verge of liquidation. This whale has deposited 12,374 ETH to Compound and borrowed $31.4 million in stablecoins. The whale’s long positions will be […]
Bitwise Files amended S-1 for Ethereum ETF Before Launch Date
Bitwise amended the S-1 form for the Ethereum ETF before the deadline. Analysts anticipate a mid-July launch as SEC approval approaches. Bitwise submitted an amended S-1 form for its Ethereum exchange-traded fund (ETF) mere days before the July 8 deadline. This action suggests that the product is nearly prepared for launch. Analysts anticipate that these […]
ETH Institutional Products Depletes Before ETF Launch, Why?
ETH institutional products are depleting as investors exit positions due to bearish sentiments ahead of ETF listings. Despite the widespread expectation of spot ETF listing in the United States, Ethereum institutional products have experienced outflows recently. This outflow depicts the cryptocurrency market’s current state, characterized by persistent adverse fluctuations and low sentiments following the Bitcoin […]
Ether ETF Process is ‘Going Smoothly’ – Gary Gensler
US SEC Chairman Gary Gensler has stated that the launching process of the first spot Ether exchange-traded funds (ETFs) in the United States is “going smoothly.” During a Bloomberg conference on June 25, Gensler declined to provide an answer regarding the ETFs’ launch date and refused to confirm whether they would be operational before the […]
Ethereum’s Supply Increases Continuously for 73 Days
The supply of Ethereum (ETH) has continuously increased since mid-April, and it appears the Dencun upgrade in March may have been the cause. Ethereum data dashboard ultrasound.money indicates that the supply of Ether has progressively increased, with an increase of over 112,000 ETH to the overall supply since April 14. Implementing the Dencun enhancement on […]