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The Cboe BZX Exchange, Inc. has submitted a proposal to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF).

Also: Lido goes modular; Uniswap finally launches Unichain

Despite increased negative side factors, demand for Ethereum remains high and positions ETH for recovery.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently attracted significant attention after a group of crypto whales purchased 600,000 ETH in just one week. This considerable acquisition raises several questions about what the future holds for Ethereum's price.

Bloomberg Intelligence ETF analyst James Seyffart alluded to the filing being the first ETF to file with the SEC to allow for staking.

Dogecoin currently boasts a bearish outlook, having dropped below the $0.30 psychological level and is now at risk of losing the $0.20 level. This bearish outlook is further strengthened by a drop in DOGE's social sentiment, mirroring Ethereum, which has also suffered significant price crashes.

Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years.

Institutional investors are making headlines again. Recent reports reveal that global asset manager BlackRock has been quietly ramping up its crypto exposure. According to a report on CryptoPanic, the asset management company is on a buying spree that now includes Ethereum and a range of altcoins.

The price of Ethereum (ETH) is stabilizing above the $2,500 support level after falling on February 7.

Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,166.74 +2.2% Ethereum (CRYPTO: ETH) $2,679.72 +3.4% Solana (CRYPTO: SOL) $193.42 -1% XRP (CRYPTO: XRP) $2.44 +2.7% Dogecoin (CRYPTO: DOGE) $0.2612 +4.6% Shiba Inu (CRYPTO: SHIB) $0.00001680 +8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%.

zkLend offered the hacker a 10% bounty, allowing them to keep 400 ETH if they return 3,300 ETH by Feb 14, releasing them from liability.

Due to recent investments, BlackRock, the world's largest asset manager, is attracting significant attention from crypto enthusiasts amid ongoing market uncertainty. Today, February 12, 2024, blockchain-based security intelligence firm Arkham posted on X (formerly Twitter) that BlackRock has invested millions of dollars in Bitcoin (BTC) and Ethereum (ETH).

Ethereum (ETH) revisited the $2,500 range, while traders reconsidered the bullish predictions for 2025. Funds remain more conservative compared to influencers, predicting ETH prices between $5,500 and $7,000.

On Tuesday, Uniswap launched the mainnet of its brand new layer-two Ethereum scaling protocol, called Unichain.

There have been recent concerns within the crypto community regarding Binance's recent activities after a claim surfaced that the exchange had been offloading large amounts of Bitcoin and Ethereum. The Binance selloff trend was first noted on social media platform X by a market participant known as AB Kuai.Dong (@_FORAB), who noted that the crypto exchange had allegedly been selling off its Bitcoin and Ethereum holdings.

Ethereum price action has shown potential to replicate the gains seen in the 2021 altseason.

Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.

Ethereum (ETH) continues to experience heavy volatility in the crypto market, leaving many investors and traders uncertain about its future. As the overall market faces confusion, with the prices of digital assets fluctuating, whales seem to be taking a more calculated approach.

The new infrastructure will allow USDT deployments on Arbitrum, Ethereum, Tron, Ton, Ink, and Berachain to link without wrapping tokens.

Bitcoin ETF outflows continue as Powell's rejection of rate cuts and high inflation trigger a pullback from institutional investors. However, the Ethereum ETF market performed well, showing strong confidence and investor appetite for buying the dip.

Uniswap takes a major new step with the launch of Unichain, its Layer 2 blockchain on Ethereum. This announcement comes just a few days after the successful deployment of its version 4 on twelve major networks.

DeFiLlama's data revealed that Ethereum had flipped the GMGN Telegram bot in weekly revenue less than 24 hours ago despite falling to 17th place in weekly revenue rankings. The Telegram bot BullX generated more revenue than Ethereum in the past seven days as Tether held steady at the top in terms of annual, monthly, weekly, and 24-hour revenue.

The Swiss stock exchange group SIX has introduced a Digital Collateral Service, allowing financial institutions to use crypto assets alongside traditional securities as collateral.

Starknet-based lending protocol zkLend has confirmed a significant security breach, resulting in the theft of more than $9 million in Ethereum (ETH).