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Ethereum News
Bitcoinist
7d
45
Image Credit: Bitcoinist
Ethereum Exchange Reserve Hits New All-Time Low — Bullish For ETH Price?
- Significant amounts of Ethereum have been flowing out of cryptocurrency exchanges in the past few weeks, suggesting a decline in the Ethereum Exchange Reserve metric.
- Ethereum whales have been accumulating more ETH, with over 120,000 ETH tokens purchased by whales in the last 72 hours.
- The Ethereum Exchange Reserve has hit a new all-time low, indicating increased allocation to self-custodial wallets and potentially leading to a supply crunch.
- This decline in Ethereum supply on centralized exchanges could act as a catalyst for ETH's price recovery.
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TheNewsCrypto
7d
249
Image Credit: TheNewsCrypto
Fidelity Enters Tokenized Treasuries With Ethereum-Based Fund on May 30
- Fidelity Investments plans to launch a blockchain-based money market fund on Ethereum called the Fidelity Treasury Digital Fund (FYHXX). It will consist of U.S. Treasury securities and cash, and aims to utilize blockchain technology for its transfer agent. The fund is set to go live on May 30th.
- Tokenized U.S. Treasury market has seen significant growth, with the total market value reaching $4.77 billion, a YoY increase of almost 500%. BlackRock's BUIDL fund leads the way with $1.5 billion in assets, followed by Franklin Templeton's tokenized fund with $689 million.
- Tokenization of assets such as Treasuries enables faster settlements, 24x7 trading, and reduces reliance on intermediaries. The rise of tokenized assets signifies increased adoption of blockchain-based financial instruments, with firms like Visa, Mastercard, and JPMorgan introducing blockchain programs.
- Fidelity's move into tokenized Treasuries aligns with the traditional finance industry's embrace of blockchain. It is expected to further promote the mass adoption of digital assets, following the success of Fidelity's Bitcoin and Ethereum ETFs.
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TechBullion
7d
366
Image Credit: TechBullion
Convert ETH, XRP, SOL and BNB Into Fiat and Send to Any Bank Account in Minutes with Remittix
- Remittix, a platform for converting ETH, XRP, SOL, and BNB into fiat and sending it to bank accounts, aims to simplify the conversion process and enable quick currency swaps.
- The platform has raised over $14 million and offers a direct flow to send major tokens to selected bank accounts, eliminating the need for multiple transfers and long clearance times.
- Remittix aims to attract users by offering a simple and frictionless crypto-to-fiat conversion solution, benefiting from the strong interest in XRP and other major tokens solving cross-border payment problems.
- The success of Remittix depends on delivering reliability, maintaining regulatory compliance, and forming valuable partnerships to instill trust in cryptocurrency owners and promote regular use of digital coins in everyday life.
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TechBullion
7d
378
Image Credit: TechBullion
Is This the Crypto Coin Presale That Will Outperform Ethereum (ETH) and Cardano (ADA)? (A Guaranteed 100% Price Pump Incoming)
- Investors are gravitating towards more secure options as the price of Ethereum and Cardano go through turbulence.
- DTX Exchange (DTX) has given early buyers an 800% return and is set to have a 100% price pump with a Tier-1 CEX listing on the horizon.
- DTX Exchange is gaining attention as it offers a game-changing hybrid trading platform, attracting new investors and redefining the market.
- With over 700K registered users, DTX Exchange is becoming a fan favorite, and the current price of $0.18 is expected to double after a major exchange listing.
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TheNewsCrypto
7d
12
Image Credit: TheNewsCrypto
The 3 Best Ethereum (ETH) Killers Priced below $3 to Stack this Week
- Investors interested in Ethereum (ETH) alternatives priced under $3 may consider Cardano (ADA), XRP, and Lightchain AI (LCAI), each offering unique features and growth potential.
- Cardano (ADA) is a proof-of-stake blockchain platform emphasizing flexibility and eco-friendliness. XRP specializes in facilitating swift, cost-effective cross-border payments. Lightchain AI (LCAI) integrates artificial intelligence with blockchain technology, offering innovative solutions for decentralized applications.
- Lightchain AI (LCAI) has already raised over $18 million at a presale price of $0.007, reflecting strong investor interest. With an innovative integration of AI technology and a low entry price, LCAI offers substantial upside potential.
- Investors seeking high-potential Ethereum killers under $3 should consider adding Cardano (ADA), XRP, and Lightchain AI (LCAI) to their portfolios.
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TronWeekly
7d
66
Image Credit: TronWeekly
Ethereum Faces Uncertainty as Supply Shrinks and Futures Interest Surges
- Availability of Ethereum on exchanges has reached its lowest level since 2015, with only 8.97M ETH remaining, a 16.4% drop in seven weeks.
- Open interest in Ethereum futures has reached a record high of 10.23M ETH, but the price has dropped 28% since February 21, indicating market uncertainty.
- U.S.-based Ether ETFs have seen $307M in outflows over two weeks, highlighting weak institutional demand.
- The current weakness in Ethereum is seen as part of a historical pattern and not a trend reversal, with a potential for a major rally in the future.
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Newsbtc
1w
269
Image Credit: Newsbtc
Ethereum Whales Pounce On The Dip, Snag $236 Million In ETH
- Whales view Ethereum's price dip as an opportunity and have bought over 120,000 ETH in the last 72 hours.
- Ethereum struggles to gain an upward momentum and remains below $2,000.
- Whales accumulated more than 120,000 ETH with a value of about $236 million in just three days.
- A whale purchased 7,074 ETH worth $13.8 million and made deposits into Aave and OKX.
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TronWeekly
1w
133
Image Credit: TronWeekly
Ethereum Fees Crash 50% as User Activity Drops and ETFs See Outflows
- Ethereum transaction fees have dropped by 50 percent in the last seven days.
- The decline is linked to a significant slowdown in on-chain activity and user engagement.
- Ethereum network activity has slowed sharply, leading to a 50% drop in transaction fees over the past seven days.
- Ethereum’s scalability issues continue despite Layer 2 adoption and protocol upgrades.
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Newsbtc
1w
330
Image Credit: Newsbtc
Ethereum Price Nears Major Resistance At $2,200, Why A 13% Crash Could Follow
- The Ethereum price is nearing a major resistance level at $2,200, which could lead to a 13% crash to $1,700.
- A crypto analyst predicts that the cryptocurrency may fail to break the resistance level, triggering a decline to $1,700.
- The Ethereum price is currently within a Descending Channel pattern, indicating a bearish trend.
- Another analyst predicts three bullish targets for Ethereum, with potential gains of 15.44%, 46.46%, and 101% if the targets are reached.
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Crypto-News-Flash
1w
293
Image Credit: Crypto-News-Flash
ETH Price Outlook: Ethereum Sees Rising Interest as Pectra Launch Nears
- As the Pectra upgrade approaches its potential launch on Ethereum’s mainnet in April, ETH is experiencing a surge in market activity
- Ethereum's open interest in the futures market has risen to 10.10 million ETH, indicating growing interest in derivative positions.
- The broader crypto market has responded positively to the upcoming Pectra upgrade, with ETH trading at $1,999.39.
- A potential Ethereum ETF with staking capabilities could act as a catalyst for renewed price appreciation.
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TronWeekly
1w
87
Image Credit: TronWeekly
Bitcoin Classified as Non-Produced Asset in IMF Economic Data
- The International Monetary Fund (IMF) has updated its global standards to include digital assets.
- Bitcoin and other cryptocurrencies are now classified as non-produced non financial assets by the IMF.
- Stablecoins backed by liabilities are classified as financial instruments.
- IMF's Balance of Payments Manual aims to enhance transparency and provide a standardized framework to measure the impact of digital assets.
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Bitcoinik
1w
285
Image Credit: Bitcoinik
Explained: Ethereum’s Pectra Upgrade
- Ethereum is about to schedule its Pectra Upgrade in late April or early May 2025 after the Hoodi Testnet deployment.
- The upgrade aims to make Ethereum more decentralized and censorship-resistant.
- Current problems in Ethereum include censorship threats, inefficient Layer-2 alignments, and centralization risks.
- The Pectra Upgrade is expected to bring benefits such as a faster chain and increased decentralization.
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NullTX
1w
121
Image Credit: NullTX
Ethereum’s Exchange Supply Hits 10-Year Low, Key Price Levels to Watch Amid Declining ETF Flows
- Ethereum's exchange supply has hit a 10-year low, with liquidity down 37% over the past year as platforms offering Ethereum have decreased.
- The reduced availability on exchanges is attributed to the rise of DeFi and staking options, bringing the supply down to 8.97 million, the lowest in almost a decade.
- Key price levels to watch for Ethereum include a resistance level of $2,240 and a support level of $1,886.
- Ethereum's short-term price action hinges on these levels, with traders closely monitoring market sentiment around them.
- Ethereum's spot ETFs have been experiencing net outflows, indicating a potential lack of confidence from institutional investors.
- Retail investors are currently seen as more committed to holding Ethereum for the long term compared to institutional investors.
- The divergence in sentiment between retail and institutional investors suggests a level of uncertainty surrounding Ethereum's market stability.
- Factors like Ethereum's role in DeFi, market uncertainty, and negative ETF inflows are impacting Ethereum's price in the near term.
- Traders are focusing on key price levels to understand market sentiment and potential price trends for Ethereum.
- The next few days will be crucial to observe how Ethereum reacts at the $2,240 resistance and $1,886 support levels.
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NullTX
1w
46
Image Credit: NullTX
Bitcoin and Ethereum See Negative Net Position Changes as Investor Sentiment Shifts
- Bitcoin and Ethereum have shown negative net position changes for the first time in 2023, totaling -$3 billion over three days, indicating a shift in investor sentiment.
- Bitcoin experienced a significant drop in on-exchange balance, with around 10,000 BTC moved off exchanges, reflecting growing investor confidence and long-term holding behavior.
- Despite a more negative market vibe post-ATH, Bitcoin still has a strong base of long-term holders, with the sentiment ratio returning to levels seen last September.
- Ethereum's negative net-position change indicates increasing caution among investors, with liquidity movements pointing towards a bearish trend in sentiment.
- The transition to Ethereum 2.0's proof-of-stake has not significantly boosted Ethereum's market cap, and pricing in relation to Bitcoin remains unconvincing.
- Bitcoin spot ETFs saw a significant net inflow, totaling $166 million on March 20, signaling high institutional interest despite retail investor sentiment being subdued or negative.
- Institutional interest in Bitcoin is growing, as seen by solid demand for Bitcoin ETFs, offering exposure to Bitcoin without holding the asset directly, legitimizing Bitcoin as an asset class.
- Although sentiment has shifted negatively in the short term, long-term confidence in Bitcoin and Ethereum remains, with investors moving cryptocurrencies to cold storage amidst the caution.
- The future movements of Bitcoin and Ethereum amidst shifting sentiment and institutional interest will be crucial, as technological advances and long-term potential may offset current negative sentiment.
- The recent events highlight a nuanced market sentiment, with potential impacts on the future trajectory of Bitcoin and Ethereum, emphasizing the importance of monitoring sentiment shifts.
- While there are potential challenges and shifts in sentiment, institutional interest and the long-term outlook for Bitcoin and Ethereum remain positive, suggesting continued growth in the crypto space.
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NullTX
1w
348
Image Credit: NullTX
Massive Options Expiry Incoming: Prepare for Potential Crypto Market Volatility
- An upcoming options expiry in the crypto market involves over 22,000 Bitcoin options and 133,000 Ethereum options, hinting at potential volatility.
- The expiration of these contracts typically leads to increased market activity and significant price movements.
- Bitcoin options set to expire have a notional value of $1.83 billion, while Ethereum options total about $260 million.
- The put/call ratio for Bitcoin stands at 0.84, indicating more bullish sentiment among traders.
- Bitcoin's projected max pain price is $85,000, which could impact price action around the expiry.
- The Ethereum options expiry features a put/call ratio of 0.62, suggesting somewhat bullish sentiment for ETH.
- Traders anticipate significant price movements due to the large open interest in both Bitcoin and Ethereum options.
- The market is expected to experience heightened volatility as traders adjust their positions ahead of the expiry date.
- Price analysts are eyeing potential volatility around the 'max pain' point, expecting varying outcomes based on trader behavior.
- With over $2 billion in notional value at stake, traders and investors should stay vigilant and monitor market developments closely.
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