Breaking News: ETHEREUM – Market Insights, Analysis & Latest Updates

Ethereum ETF staking yield likely to be approved under crypto-friendly 'Trump 2.0' SEC, Bernstein says

Analysts at Bernstein said that despite ether’s underperformance this year, its fundamentals look strong, and the risk-reward ratio is now attractive. The potential for staking yields to be approved for spot Ethereum exchange-traded funds under Trump, the recent inflection in ETF inflows, favorable demand-supply dynamics, and a surge in activity on the blockchain were outlined as factors driving a revival of interest.

theblock.co • 02/12/2024 - 11:29 AM

Spot crypto exchange volume hit $2.7 trillion in November, highest since May 2021

Spot trade volume on global crypto exchanges reached $2.7 trillion in November, the highest level since May 2021. Bitcoin and Ethereum futures volume on exchanges also hit their highest levels since May 2021. The overall crypto market surged in November as pro-crypto candidate Donald Trump was reelected as U.S. President.

theblock.co • 02/12/2024 - 09:23 AM

The Funding: Why ICOs are being revived

A renewed interest in ICOs emerges, fueled by hopes for fewer regulations, frustrated retail investors, and a focus on community engagement and quality assurance for fundraising.

theblock.co • 01/12/2024 - 16:01 PM

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Hyperliquid prepares to launch its HYPE token; MARA purchases bitcoin; Celsius distributes $127 million; Coinbase's Celo decision causes community backlash; gamified AI Freysa retains $40,000 in crypto.

theblock.co • 28/11/2024 - 15:16 PM

The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more

The Fifth Circuit Court of Appeals ruled on Tuesday that the Treasury Department’s Office of Foreign Assets Control (OFAC) ”overstepped its authority” by sanctioning crypto mixer Tornado Cash, reversing a lower district court decision. WalletConnect has launched its first airdrop season and eligibility checker, allocating 50 million of the total supply of 1 billion WCT tokens to over 160,000 users, including builders and contributors. A Brazilian lawmaker has introduced a bill to create the Strategic Sovereign Bitcoin Reserve, allocating up to 5% of the nation’s $372 billion financial assets to the cryptocurrency via a phased acquisition strategy. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/11/2024 - 18:43 PM

ETHEREUM

Ethereum reclaims USDT dominance, overtaking Tron for first time since 2022

The following is an excerpt from The Block’s Data and Insights newsletter.

theblock.co • 25/11/2024 - 20:30 PM

Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares

Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares. The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.

theblock.co • 25/11/2024 - 11:53 AM

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration. XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021. Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 22/11/2024 - 18:46 PM

Crypto market maker B2C2 taps PV01 to issue its first corporate bond on Ethereum

B2C2 issued its first onchain corporate bond in partnership with PV01, aiming to streamline debt issuance on the blockchain and reduce costs for companies.

theblock.co • 21/11/2024 - 23:03 PM

ETHEREUM

Ethereum onchain volume hits $7.13 billion amid November's market surge

Throughout 2024, Ethereum’s onchain trading volume mirrored that of the wider crypto market. The following is an excerpt from The Block’s Data and Insights newsletter.

theblock.co • 21/11/2024 - 22:52 PM

Currency