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Ethereum price has formed a death cross pattern, risking further downward momentum as whales continue selling. Ethereum (ETH) dropped to $2,600 on Thursday, down by over 35% from its highest level in December last year.
The Ethereum Foundation's DeFi engagement may reshape its financial strategy, but staking could challenge its neutrality in future forks. The post Ethereum Foundation to explore staking after allocating 45,000 ETH to DeFi appeared first on Crypto Briefing.
The latest downturn in crypto has resulted in many investors heading for the exits. However, there are signs that in the top two layer one cryptocurrencies, outside of Bitcoin, a bottom could be forming.
TL;DR The Ethereum Foundation has deployed $120 million in Ether to DeFi apps, allocating 45,000 ETH to protocols such as Aave, Spark, and Compound. Aave received the largest allocation with 30,800 ETH, representing the Foundation's biggest investment in DeFi.
Spot On Chain data has revealed that The Ethereum Foundation supplied 10,000 ETH each to Spark and Aave, valued at approximately $53.4 million. The foundation has supplied 30,800 ETH in total to Aave today, worth a little over $85 million, with 10,000 ETH going to Aave Prime and 20,800 ETH going to Aave Core.
Early adopters of cryptocurrencies can turn little investments into enormous returns. Hence, the market has always presented a field of amazing possibilities. Early Ethereum ( ETH) investors noticed their holdings skyrocket from just cents to thousands of dollars per token.
Ethereum (ETH) has recently experienced a significant surge, catching the attention of both seasoned investors and newcomers. With the cryptocurrency rallying by over 5% in just 24 hours, many are wondering whether this latest price movement is a sign of further growth or a precursor to a pullback.
The cryptocurrency market remains bullish today as well, according to CoinStats.
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Current and historical users of OpenSea's platforms will be eligible for SEA as the NFT platform relaunches with fungible token trading.
A strategic initiative for the future of Ethereum
Ethereum (CRYPTO: ETH) continues to trade sideways but is building momentum with speculation around incoming Ethereum staking ETFs. Cryptocurrency Price 24-Hour Trend Ethereum (CRYPTO: ETH) $2,656 +2% Bitcoin (CRYPTO: BTC) $95,900 +1% XRP (CRYPTO: XRP) $2,45 +2.6% Trader Notes: Inmortal expects Ethereum to grind upward gradually, avoiding major dips or retraces.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced an uptick in price, following a dip to $2,132. At the time of writing, ETH is trading at approximately $2,728, marking a notable recovery of 5.5%.
Earlier today, CBOE BZX Exchange filed for 21Shares to stake its spot $ETH exchange-traded fund (ETF), sparking optimism of a crypto bull run. If approved, 21 Shares would break new ground, so it's not surprising that the 24-hour trading volume for $ETH has shot up by ~35% alongside the news spreading.
TL;DR FDUSD-FOMO Pay Partnership: First Digital USD (FDUSD) partners with FOMO Pay to enable on-chain stablecoin payments for merchants on Ethereum and Solana blockchains. Merchant Integration: Over 200,000 merchants across Asia will now accept FDUSD, leveraging faster settlement times and reduced fees.
Ethereum Foundation allocated 45,000 ETH (worth $120M) into Aave, Spark, and Compound to earn passive yield through DeFi rather than selling assets.
Bitcoin (BTC) recovered from a low of $94,106 on Wednesday to move to its current level of $96,628. BTC retreated below $95,000 after inflation data showed inflation had risen more than economists had predicted, rattling the crypto and traditional markets.
The Cboe BZX Exchange has submitted a proposal to the Securities and Exchange Commission to allow staking for the 21Shares Core Ethereum ETF. What Happened: The request, filed through Form 19b-4, aims to modify the ETF's structure so that Ethereum (CRYPTO: ETH) held within the fund can participate in staking activities.
Bitcoin and ethereum have diverged in recent months, with the bitcoin price soaring as ethereum struggles
Community members celebrated as the Ethereum Foundation deployed 45,000 ETH to decentralized finance protocols Aave, Spark and Compound.
Ethereum's recovery is shaping into a potential five-wave impulse, with key resistance at $3,349. If price clears $2,881, further upside toward $3,500 is possible.
For the first time this month, Ethereum (ETH) has recorded a series of spot inflows, signaling renewed investor interest in the leading altcoin.
This DeFi activity could be seen as a way to appreciate the value of Ethereum Foundation's treasury without selling assets.
While there are several theories about the cause of this, many revolve around Ethereum's scaling path, adopting L2 structures that interfere with the burn mechanisms designed to prevent this.
Ethereum price sees strong volatility but analysts remain optimistic about Ethereum's future, supported by strong whale activity and metrics like the realized price at $2,263.
Bitcoin eyes a breakout toward $133K as “stealth QE” from TGA drawdowns injects liquidity. Altcoin market cap faces key resistance at $1.28T—will it break higher?
The Cboe BZX Exchange has submitted a proposal to enable staking for the 21Shares Core Ethereum ETF. ETH surged over 5.65% following the filing request with the SEC.
The Cboe BZX Exchange has submitted a request to the US Securities and Exchange Commission (SEC) to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF), according to a Feb. 12 filing. If approved, the ETF would stake its Ethereum (ETH) holdings, allowing investors to earn staking rewards.
First Digital, the group behind the FDUSD stablecoin, has joined hands with FOMO Pay, a licensed Major Payment Institution in Singapore and Hong Kong, to add the stablecoin to FOMO Pay's payment solutions on Ethereum and Solana. The post FDUSD Integrates with FOMO Pay on Ethereum and Solana, Enables Payments to Merchants appeared first on Cryptonews.
Ethereum's market position shows strengthening fundamentals as institutional buyers accumulate positions and network metrics maintain upward trends, with technical analysis suggesting $5,200 as the next major target following the recent establishment of support at $2,680.
Greed is rising, but will fear of a pullback shake out ETH HODLers?
The proposed rule change could potentially make 21Shares the first U.S. spot ETH ETF to offer staking rewards.
The latest rebound pulled the Ethereum price above the demand zone above $2,600. Meanwhile, the fresh sell-off is expected to drag the levels back within the range in a short while. In the items when Bitcoin is struggling to rise above $97,000, Solana above $200, Litecoin above $125 and Cardano above $0.
The amount of $3.3 billion, or 1.2 million in ETH, was taken out of the Beacon Chain, which affected the stability of the network and has certain implications for Ethereum. The removal of staked ETH from the network directly increases the available supply on the network.
The Chicago Board Options Exchange (Cboe) has filed a Form 19b-4 with the US Securities and Exchange Commission (SEC) to introduce staking capabilities for the 21Shares Core Ethereum ETF (CETH).
Ethereum (ETH) surged 5.21% on Wednesday, ending the four-day consolidation. As a result of this move, ETH has formed a key support level that could provide the last buying opportunity before a new ATH.
The second-largest cryptocurrency by market capitalization, ETH, is currently seeing a massive jump in its price after being dropped to $2132 due to economic uncertainty. As of now, ETH price has recorded a gain of 5.5% and trading around $2728. This surge has stirred excitement among crypto users questioning the reason behind the surge.
The Cboe BZX Exchange is seeking SEC approval to introduce staking for the 21Shares Core Ethereum exchange-traded fund.
Ethereum prices got a small boost following filings for staked ETH exchange-traded funds in the United States.
Ethereum price action amid the broader crypto market bearish sentiment over recent weeks hasn't been any different from the performance recorded in the past months. Over this period, Ethereum's price has struggled to gain significant upward momentum, remaining in a prolonged consolidation phase.
The Cboe BZX Exchange proposed a rule change to let the 21Shares Core Ethereum ETF stake, marking a breakthrough as US ETH ETFs have so far avoided staking. The post Cboe Submits Proposal to Add Staking Capabilities to 21Shares ETH ETF appeared first on Cryptonews.
The cryptocurrency market displayed strong bullish momentum on Thursday, shrugging off hotter-than-expected US inflation data for January. Bitcoin (BTC) regained ground above $96,000, while Ethereum (ETH), XRP, and Solana (SOL) traded firmly in the green.
Ethereum (ETH), one of the largest cryptocurrencies by market capitalization, has been facing a more tempered outlook for 2025. Predictions for its price range from highly optimistic forecasts from influencers to more conservative estimates from institutional funds.
The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.
Ethereum has been struggling to regain momentum, trading below the critical $2,800 mark since last Thursday. Bulls are in trouble as the price remains trapped under key supply levels, leaving investors concerned about Ethereum's short-term future.
Analysts say the price surge indicates that investor confidence has strengthened as they digest macroeconomic factors.