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The Cboe BZX Exchange proposed a rule change with the U.S. SEC on behalf of Invesco Galaxy seeking the approval for in-kind creation and redemption of Invesco Galaxy's Bitcoin and Ethereum ETF shares. The public has been invited to give feedback on the matter as the U.S. SEC reviews Cboe's proposed rule change.
Bitcoin, Ethereum, and XRP maintain their gains after a highly volatile session driven by the latest U.S. CPI report. The inflation data showed a slight decline, fueling expectations that the Federal Reserve may pivot sooner than expected.
Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023.
A leveraged Ethereum trade on Hyperliquid resulted in a rare outcome where a whale secured profits despite being liquidated, while the platform's liquidity pool absorbed a multi-million dollar loss.
Due to Ethereum's protracted decline, there has been a lot of conjecture regarding its long-term sustainability. Nevertheless, leading analyst Chris Burniske thinks that reports of Ethereum's demise are wildly inflated despite the pessimism.
If the price of Ether (ETH) falls by a further 20%, the price decline could trigger a cascade of up to $336 million in decentralized finance (DeFi) liquidations, according to Kevin Rusher, founder of the real-world asset (RWA) lending platform RAAC.The executive warned that a decline to $1,857 would trigger $136 million in liquidations, and a price drop to $1,780 could potentially trigger an additional $117 million in loan liquidations — making these the next price levels to watch. Rusher added that the worst-case scenario would be a 20% drop in ETH's price to around the $1,500 price level, which could liquidate $336 million in DeFi loans, sending the markets tumbling.
Financial markets have their own memory, and cryptocurrencies are no exception. Thus, when an asset shows alarming similarities to a past crash, analysts sound the alarm.
The whale that saddled Hyperliquid with $4M in toxic debt is back, opening a long position on Ethereum (ETH) and going short on Bitcoin (BTC).
Lazarus Group laundered $750K through Tornado Cash on March 13. New BeaverTail malware targets Solana and Exodus wallets.
The Pectra upgrade, the biggest update on Ethereum since The Merge, went live on February 24 after being postponed earlier in the year.
Ethereum's price has been going through a horrifying crash, as the second largest crypto has lost more than half of its value over the past few months.
The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.
Lazarus arises! The North Korean hacking group has been more than a little busy recently.
The average Ethereum gas fee has dropped by 95% in the year following the Dencun upgrade, one of Ethereum's most significant network improvements.On March 13, 2024, Ethereum's Dencun upgrade was rolled out. The upgrade combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer.
The ETH/BTC ratio has hit a five-year low, and crypto traders are paying attention. Historically, when Ethereum weakened against Bitcoin, a massive altcoin season followed.
Donald Trump's tariffs and their uncertainties have led to higher odds of a recession in the US and other countries. PIMCO analysts have boosted their recession odds to 35%, and the Atlanta FedNow tool estimates that the economy will contract in Q1.
Binance CEO Richard Teng on Thursday expressed optimism that the pro-cryptocurrency policies introduced by U.S. President Donald Trump will inspire a wave of similar regulatory shifts worldwide. What Happened: Speaking at the CONVERGE LIVE event in Singapore on Thursday, Teng highlighted a dramatic change in the global financial landscape, noting that the United States, the world's largest economy, is now openly supporting digital currencies after years of regulatory uncertainty and skepticism under the previous administration.
The notorious Lazarus Group continues moving the crypto funds it has stolen in recent exploits. Now, the alleged North Korean hackers are targeting crypto execs via Zoom. The post Lazarus Group Deposits 400 ETH to Tornado Cash, Hackers Target Crypto Vets on Zoom appeared first on Cryptonews.
Ethereum has faced record active selling over the past 3 months, per a CryptoQuant report.
Financial markets have their own memory, and cryptocurrencies are no exception. Thus, when an asset shows troubling similarities to a past crash, analysts go on alert.
Ethereum's current price level is historically oversold which is similar to past moments that triggered major rallies.
Ethereum (ETH) has dropped 45% YTD, but historical trends and technical support suggest a potential bullish reversal toward $10,000 as Fed rate cuts loom.
Tron founder Justin Sun is asking the crypto community about what is happening to Ethereum, against the backdrop of liquidations that reached $2.1 billion in the last two weeks. On Monday, Sun pointed out the network's high-leverage trading issues, which he deemed would cause losses to decentralized finance protocols using the blockchain.
Bitcoin ETFs recorded a net inflow of $13 million, ending a seven-day streak of outflows, with Ark 21Shares' ARKB leading the gains. In contrast, Ether ETFs continued their decline, marking a sixth consecutive day of outflows totaling $10 million.
