Glassnode: BTC and ETH derivatives gain despite crypto winter
A new Glassnode letter reveals a surge in the derivatives market and a more upbeat outlook among traders of bitcoin and Ethereum. Glassnode’s latest research reveals that there is considerable investor interest in trading BTC futures markets and hoarding their ETH bags, despite the fact that the bitcoin price has been trading sideways with a […]
ETH may consolidate as Merge hype wanes: Expert
Markus Thielen thinks that ETH may be entering a consolidation period, making him “conservative” about the currency. The chief investment officer of asset management company IDEG believes that the price of Ether (ETH) has stabilized after a spike last week. Markus Thielen stated in a report that after being positive on ETH pricing six weeks […]
Experts yet to explain surge in ETH active addresses
Many people have made assumptions regarding the origin of the abrupt, jarring increase of active addresses on the network. Santiment, an on-chain measurement company, said it is still looking into what caused the unexpected rise of ETH active addresses, which has outpaced the previous ATH by a staggering 48 percent. The analytics company tweeted on […]
After 11 weeks of outflows, institutional ETH sentiment becomes positive
The greatest weekly inflows for ETH since June 2021 were recorded for the week ending on July 15 and totaled $120 million. According to CoinShares, there have been inflows into digital investment products that give exposure to Ether (ETH) for four weeks running. This suggests that institutional opinion about the asset has changed for the […]
Three Arrows Capital swaps $33M Staked ETH for Ethereum
Three Arrows Capital (3AC), a venture capital firm, has swapped $33 million worth of Lido Staked Ethereum (stETH) for Ethereum as stETH values in secondary marketplaces diverge further from ETH pricing. Since last week, Three Arrows capital is the second large holder of stETH to dump the coin. Last Monday, crypto trader Alameda Research exchanged […]