Ethereum Financial News

Zyfi, a gas abstraction layer on zkSync, said Monday that it raised $2m in a private funding round, with investors including Everstake Capital, Tenzor Capital, and Apvc.capital.

In this report, we explore and analyze Ethereum’s ecosystem surge and the ETH price action in May 2024.

The recent termination of the US-Saudi petrodollar agreement marks a turning point that could significantly influence Bitcoin’s financial trajectory. This development disrupts a decades-long economic standard and introduces the potential for increased currency diversification globally.

B2Broker , the leading Prime of Prime (PoP) liquidity and technology provider, has expanded its crypto liquidity offerings by launching six new crypto CFDs pairs , each chosen for their massive trading volume and strong market demand. This decision was influenced by the consistent growth in crypto adoption, the recent green light for Bitcoin and Ethereum spot ETFs, and the escalating interest in crypto CFD trading.

Bitcoin (BTC), the leading cryptocurrency, experienced a significant decline to an intraday low of around $68,500. This downturn coincided with ‘Roaring Kitty’s’ YouTube livestream, which failed to invigorate the market.

The Ethereum price has fallen by 1% in the past 24 hours, slipping to $3,808 on a day when the crypto market as a whole has scarcely moved.

Ethereum spot ETFs got approved in the US signaling that the altcoin market is about to get its due recognition and adoption. Bitcoin has crossed $70,000 again and is within 5% of its all-time high. Key altcoins (Ethereum, Solana and Cardano) are still 20-30% off their 2021 highs even as BNB looks to enter price discovery mode. The overall crypto market, currently at $2.6 trillion, looks to exit its consolidation phase and push towards a strong second half of the year. To maximize your crypto returns, it is prudent to allocate a decent share to emerging and upcoming narratives that potentially drive value in the ecosystem. Today, we cover the trend of AI and tokens that can leverage its narrative along with the continued focus on RWAs and memecoins. While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.

At 12:14 PM, Bitcoin (BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.

Ethereum’s ETF approval could be behind declining ETH volumes on crypto exchanges. Meanwhile, Ondo Finance (ONDO) has shot to a new all-time high.

Cryptocurrency markets traded marginally lower on Tuesday, dragged by Bitcoin, Ethereum, and Shiba Inu. At 1:18 PM, Bitcoin (BTC) was trading 0.4% lower at $68,766 while Ethereum declined 1.4% to $3,761. Bitcoin touched a high of $70,230 earlier in the day.

US investors can now access funds that track double the daily movement of Ethereum. However, a spot Ether ETF still awaits full regulatory approval.

The SEC recently approved Ethereum ETFs, clarifying Ether’s status as a commodity, but that doesn’t cover staked Ether. Meanwhile, AVAX is currently consolidating, and the recent price analysis for Avalanch indicates a potential breakout.

Despite drastic price fluctuations in the course of May, the crypto community has their eyes pegged on a big jump in the month of June. Three of the top altcoins they are eyeing to generate profit are; Ethereum, Ripple, and Rollblock . Rollblock, has already gone up by 40% and is one of the altcoins to watch for an outstanding rise in price in June.

Crypto exchange BitMEX said it would “substantially boost the leverage” of its ETHUSD perpetual swap to 200x.

Ethereum is up by a healthy 20% in the last 30 days, with the approval of applications for eight spot-based ETFs being the major driving force behind this gain.

The project aims to explore a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement. It is the result of extensive collaboration starting in 2021 between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the United Arab Emirates, the Digital Currency Institute of the People's Bank of China and the Hong Kong Monetary Authority.

Cryptonews Podcast Matt Zahab recently sat down for an exclusive interview with Unique Divine, the co-founder and CEO of Nibiru, the user-centric layer-1 Super Chain.

The Base Dawgz ($DAWGZ) meme coin launches today, and in minutes, more than $200,000 has already poured into its presale.

This marks a significant step forward for the crypto community, as the approval will allow crypto platforms including BlackRock, Fidelity, Invesco, and Art Invest to launch ETFs that invest in ether, cryptocurrency of the ethereum blockchain.

In this report, we explore Solana’s ecosystem surge and the SOL price action in May 2024. What are the reasons for its rise, and what lies ahead for Solana?

Uniswap crypto exchange has listed Mollars token. The new ERC-20 is hailed as Ethereum Blockchain’s new version of Bitcoin. The listing is a surprise to investors as it’s the 4th crypto exchange to include the store-of-value token.