Ethereum | ForkLog

ForkLog 5 29.07.2024

Cryptocurrency Inflows Reach $4.6 Billion Since July

Inflows into cryptocurrency investment funds from July 20 to 26 amounted to $245 million. Since the beginning of July, the figure has reached $4.56 billion, according to CoinShares. Data: CoinShares. The turnover of ETP surged to a May high of $14.5 billion. Thanks to the recovery in prices, the total volume of assets reached $99.1 […]

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ForkLog 20 29.07.2024

Suspicions of Scam Surround Neiro Clone Amidst Original’s 5000-Fold Profit

The developer of the meme token Neiro (NEIRO) on the Solana blockchain earned $2.85 million, having invested only 3 SOL ($552) in the coin’s launch. Analysts at Lookonchain highlighted this development. The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!? He spent 3 $SOL($552) to buy 97.5M $Neiro […]

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ForkLog 8 26.07.2024

Bitwise Promotes Ethereum ETF on New York Stock Exchange Facade

Bitwise advertised ETH-ETF on the NYSE facade. Ethereum will continue to face pressure in the coming weeks due to active withdrawals from Grayscale’s ETHE. Bitwise Asset Management displayed a banner on the facade of the NYSE to promote its newly launched spot Ethereum-ETF under the ticker ETHW. Bitwise Ethereum ETF banner going up outside the […]

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ForkLog 1 26.07.2024

Ethereum and L2 Address Growth Analyzed by Experts

In the first half of the year, the number of daily active addresses (DAU) for Ethereum and its primary L2 solutions increased by 127%. These figures are presented in a joint report by Coinbase and Glassnode. According to GrowthePie, Linea, Base, and Arbitrum are the three main rollups with a combined DAU of 1.8 million. […]

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ForkLog 2 26.07.2024

Ethereum Worth $288 Million Moves for the First Time in Seven Years

On July 25, an address reportedly linked to the Ethereum Foundation (EF) transferred 92,500 ETH, valued at approximately $287.7 million, after seven years of inactivity. ?BREAKING: WALLET LINKED TO THE ETHEREUM FOUNDATION MOVES 92,000 $ETH ($289M) AFTER 7 YEARS — BSCN Headlines (@BSCNheadlines) July 25, 2024 In response to speculation about the involvement of the […]

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ForkLog 1 26.07.2024

Ethereum ETF Experiences $152 Million Outflow

On July 25, the net outflow from spot Ethereum ETFs amounted to $152.3 million, according to SoSoValue. Inflows into “new” Ethereum-based exchange-traded products were insufficient to offset the $346.2 million withdrawn by clients from Grayscale’s ETHE. Trading volume fell from $1.05 billion to $955.9 million. Inflows into CETH from 21 Shares and EZET from Franklin […]

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ForkLog 9 25.07.2024

Ethereum-ETF: A New Era or Just Another Market Tool?

On July 23, spot Ethereum-ETFs were launched in the US by nine issuers. Trading volumes reached $1 billion on the first and second days. In a comment for ForkLog, trader and author of the Telegram channel Coen+, Vladimir Cohen, discussed the significance of the product and the current market state. A Familiar Scenario? The launch […]

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ForkLog 9 25.07.2024

Hashdex Files S-1 for Dual Crypto ETF

Asset management firm Hashdex has submitted an SEC application via Form S-1 to launch the Hashdex Nasdaq Crypto Index US ETF, based on Bitcoin and Ethereum. According to the document, the product will initially engage with only two digital assets, but the firm may later add other cryptocurrencies, “considering the standards of the Securities Act.” […]

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ForkLog 8 25.07.2024

Ethereum Falls Below $3200 Amid ETF Outflows

Outflows from Grayscale’s Ethereum Trust exceeded inflows into ETH-ETF. Investors shifted focus from the debut of spot Ethereum-ETFs to Mt.Gox coin movements and macroeconomics. On July 24, Ethereum’s daily decline reached 7.9%, while Bitcoin’s was 2.7%, according to CoinGecko. According to SoSoValue, the net outflow from spot Ethereum-ETFs amounted to $133.2 million. At the time […]

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ForkLog 9 24.07.2024

Analyst Detects Bitcoin Buy Signal

The Hash Ribbons indicator has signaled a buy for the leading cryptocurrency. Each occurrence of this signal is followed by an “explosive price rally,” noted the analyst known as Mikybull. #Bitcoin just witnessed a rare hash ribbon ‘Buy’ signal Whenever this happens, an explosive rally follows. pic.twitter.com/ZsR07PTD7T — Mikybull ?Crypto (@MikybullCrypto) July 24, 2024 The […]

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ForkLog 27 24.07.2024

Ethereum Spot ETFs Debut with $1 Billion Trading Volume

Ethereum-based spot exchange-traded funds (ETFs) concluded their first day of trading with a volume of approximately $1.08 billion—23% of the figure recorded by bitcoin ETFs on their debut day, according to Bloomberg analyst Eric Balchunas. DAY ONE in the books for Eth ETFs who did $1b in total volume, which is 23% of what the […]

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ForkLog 9 23.07.2024

Ethereum Spot ETF Trading Volume Surpasses $500 Million

The total trading volume of spot ETFs based on the second-largest cryptocurrency by market capitalization exceeded $500 million just hours after the debut of the new instrument on regulated American exchanges. Data: SoSoValue. The primary contributor to this metric was Grayscale’s ETHE (~$222 million). Other leaders included BlackRock’s ETHA (~$117 million) and Fidelity’s FETH ($70.6 […]

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