Ether's price briefly spiked 3.5% on the news that asset manager 21Shares plans to add staking to its spot Ether ETF.

The price of Ethereum has completely pared off its losses in the past 24 hours after 21Shares filed a proposal to offer staking services on spot ETH ETF products. For a coin that traded as low as $2,551.17 in the past 24 hours, it is now changing hands for $2,794.86, up 4.73% at the time

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.

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).

TL;DR Bitcoin's price dropped by 1.91%, while Ethereum and other cryptocurrencies also saw significant losses due to an unexpected rise in inflation in the U.S. for January. The Consumer Price Index (CPI) increased by 3% year-over-year, surpassing analysts' expectations, raising concerns about potential persistent inflation.

The 50-day Exponential Moving Average (EMA) is about to cross below the 200-day EMA, putting Ethereum closer to the edge of facing some serious consecuences, especially if investors keep on actively selling the asset, despite the fact that institutional investors are actively buying it.

As layer-2 chains continue to proliferate, some Ethereum developers are pushing rollup tech that takes a new approach to interoperability: “based rollups.”

After a relatively subdued price performance in 2024, Ethereum (ETH) could be on the verge of a significant breakout. A recent analysis by a well-known crypto analyst suggests that the second-largest digital asset may soon enter what they call its “most hated rally.

According to reports, the gas fees of Ethereum have dipped to its lowest of $0.04 in the last week, making it one of the cheapest networks in the market. Meanwhile, the Dogecoin price is trading in an ascending channel. Ali Martinez forecasts its value could pump to $4 in the coming months.

Hong Kong has officially incorporated Bitcoin and Ethereum into its Capital Investment Entrant Scheme (CIES), allowing high-net-worth individuals to use these cryptocurrencies to demonstrate their wealth for residency applications.

Crypto whales have purchased a significant 600,000 Ethereum in the past week. What does it signify?

Bitcoin dropped as it became clear that inflation was worse than expected in January.

At the heart of Lido V3 are “stVaults,” a modular tool that connects stakers, node operators, and protocols. They also optimize fees, risks, and rewards.

Like rats leaving a sinking ship, 605 million dollars in ETH are making their escape. Should we see this as an imminent rebound or a planned shipwreck?

Ethereum's price has been dropping rapidly over the past few weeks, and while it has seemingly slowed down, more downside movement is still possible.

Market outlook: crypto trading.

Bitcoin ETFs faced a net outflow of $56.76 million, while ether ETFs enjoyed a net inflow of $12.57 million, highlighting divergent investor sentiments. Bitcoin ETFs See $56.76 Million Outflow With Ether ETFs Attracting $12.58 Million Inflow The daily trading action of crypto exchange-traded funds (ETFs) on Tuesday, Feb.

Goldman Sachs increased their Bitcoin and Ethereum ETF stack. The institution is improving its accessibility to cryptocurrency products.

Goldman Sachs investment bank significantly strengthened its presence in the crypto market in the fourth quarter of 2024, with a dramatic increase in its investments in Bitcoin and Ethereum ETFs. This is a surprising development for a bank that had recently shown a critical stance on cryptocurrencies.

Uniswap Labs has finally launched the Unichain mainnet, an Ethereum layer-2 optimistic rollup built on the Optimism OP stack.

Against the backdrop of a broader crypto market slump in recent days, Ethereum bulls have capitalized on the opportunity by buying the dip. Recent whale data by a top crypto market analyst disclosed that a whopping 600,00 coins were accumulated over the past seven days, suggesting a rally ahead for ETH price.

According to BlackRock, Bitcoin has now transitioned into a “risk off” asset. This positions it as a viable global monetary alternative.

Data shows Ethereum has recently observed its highest exchange net outflows in around two years, something that can be bullish for the ETH price. Ethereum Exchange Flow Balance Has Seen A Deep Red Spike Recently According to data from the on-chain analytics firm Santiment, investors have been withdrawing ETH from exchanges recently.

The GMCI data suggests that the meme coin rally has cooled off, though meme coins still have a strong lead over Bitcoin and Ethereum.

Goldman Sachs boosts Bitcoin and Ethereum investments, signaling rising institutional demand and shifting market dynamics.

Goldman Sachs boosts Ether ETF holdings by 2,000%, signaling strong institutional interest. Bitcoin ETF investments also rise by 114%.