After the Merge Ether Futures Market Discount Evaporates
After the Merge, the negative spread between futures and spot prices has gone from $20 to almost $0. The month-long oddity on the ether futures market, which was mostly caused by traders who wanted to make money from Ethereum’s technological change, the Merge, has gone away. Ether futures are almost at the same price as […]
Merge Bring About Strong Institutional Adoption of Ether
The report said that when demand is high, the new economic model under Merge, along with token burn, could lead to negative token emissions. Bernstein said in a research report that the Ethereum Foundation’s successful completion of the Merge early Thursday morning is likely to lead to strong institutional adoption of the blockchain’s token, ether. […]
USDC Influence: Crypto Lender Maker Turns to Staked Ether
This is part of a move away from crypto products like stablecoins that are controlled by a few people. Maker, the world’s largest decentralized-finance (DeFi) app, doubled the debt limit of its staked ether (stETH) vault this week. It did this to reduce its reliance on centralized stablecoins after Centre, the issuer of USD coin […]
Bitcoin is like penny stocks, says Wolf of Wall Street
In 2017, Belfort said that he “hated” cryptocurrencies like Bitcoin because of the market’s prevalence of fraud. In an interview with Yahoo Finance on August 27, Jordan Belfort , the person who served as the inspiration for the critically acclaimed film The Wolf of Wall Street, acknowledged that his prediction that the price of Bitcoin […]
Merge: Ether Volatility Continues
In a research note, the bank told clients that investors want to know more about The Ether Merge and its meaning. Bank of America said in a note on Friday that the rise in the price of Ether (ETH) from mid-July to mid-August may continue to fade as investors try to figure out what the […]