ETH Financial News

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Major global central banks, spanning Europe, North America, and other regions, have revealed a significant investment in crypto, with XRP emerging as a preferred digital asset.

Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, has pushed back to the north of the $2,000 per token mark on Monday, extending its gains since last week’s near-$1,900 lows to above 6%.

Crypto trading platform WOO X has resumed operations after one of its market markers saw a significant amount of crypto assets withdrawn due to a breach of its security system.

In recent developments within the NFT ecosystem, a consistent growth pattern has emerged, as reported by Nansen, a blockchain analytics platform. Over a five-week period, the NFT market has seen a robust increase in trading volumes, particularly in Ethereum (ETH) transactions. The upward trajectory commenced in the week closing on October 9th, with NFT sales amounting to 29,704 ETH. By the week ending November 6th, this figure nearly doubled to 68,342 ETH.

Asset management giant Fidelity just filed a 19b-4 with the Chicago Board Options Exchange (CBOE) to set up a spot Ethereum exchange-traded fund (ETF) called the Fidelity Ethereum Trust, just one day after BlackRock filed to set up the iShares Ethereum Trust, its own spot Ethereum ETF.

Uniswap is one of the most popular decentralized exchanges. It’s often the first destination for newly launched cryptocurrencies too, meaning Uniswap is a great place to find the next 100x gems.

Ether (ETH) continues to chop either side of the $2,000 level as bullish momentum cools following the cryptocurrency’s rejection of a retest of the 2023 highs in the $2,100s earlier this month.

Thursday, November 16th, 2023 – Two days after launching, $ETHETF coin has announced a 21 million token burn program, reducing total token supply by 21%.

It has become increasingly clear that stablecoins have become the dominant means of transaction settlement on public blockchains, at the exclusion of native cryptoassets (like Bitcoin/Ether). This wasn’t in the plan of the architects of these blockchains or their communities.

Wednesday, November 15, 2023 – A 400% gain for early DEX hunters from ETHETF Token is fuelling a robust Ethereum ETF narrative in the crypto market after the new token launched on Uniswap yesterday.

Total inflows into traditional investment funds backed by crypto have finally passed the $1 billion mark for the year, after last week saw investors flocking to Bitcoin.

A new cryptocurrency launched today called $ETHETF Token and it is the go-to digital asset to capitalize on approval of a spot Ethereum ETF from fund giant BlackRock.

The project is a deflationary P2E coin with built-in utility and a promising use case. Pikamoon is jam-packed with NFT avatars, an open world ready to explore, side quests, tradable in-game assets, and much more.

DogeStar is a new crypto project that combines the fun of memes with the utility of decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs).

Decentralized finance (DeFi) platform Raft has suffered a hack resulting in the loss of approximately $3.3 million in Ethereum ( ETH).

Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spotlight from its bigger rival Bitcoin (BTC) this week, and was last up close to 11% since Sunday after BlackRock filed to set up a US spot Ethereum ETF with Nasdaq.

Ethereum’s price has exceeded the $2,000 level and touched $2,100, following Nasdaq’s submission for BlackRock’s Ethereum exchange-traded fund (ETF).

XRP (-5%), Dogecoin (-2.8%), and Toncoin (-7%) were trading in the red, while Ethereum (9.7%), Solana (5.5%), Polygon (3.6%), Cardano, and BNB were trading in the green. Meanwhile, the global cryptocurrency market cap increased by 1.8% to around $1.4 trillion in the last 24 hours. At the same time, the market cap of Ethereum, the world's second-largest cryptocurrency, surged to $253 billion. On Friday, Ethereum experienced a significant surge, surpassing the $2,000 resistance level with a more than 10% increase. This growth was driven after the asset management giant BlackRock registered to create an Ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token. BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Nasdaq also filed a proposal on Thursday to list and trade shares of the trust.

Blue chip crypto markets are pumping on Thursday, with Ether (ETH) last up over 8% in the past 24 hours and above $2,000 and Bitcoin (BTC) up over 6% and hitting fresh highs for the year above $37,000.

The price of Ether (ETH), the cryptocurrency that powers the Ethereum blockchain, is shooting higher on Thursday in wake of the news that US asset management giant BlackRock just registered the iShares Ethereum Trust in Delaware.