Ethereum | ForkLog

ForkLog 11 24.04.2024

Standard Chartered Doubts May Approval for Spot ETH-ETFs

Investment bank Standard Chartered has revised its optimistic forecast regarding spot Ethereum-ETFs, now expressing doubt that the SEC will approve the instrument in May. This was reported by CoinDesk citing the company’s report. Previously, analysts anticipated a positive decision on the exchange-traded funds based on the second-largest cryptocurrency by market capitalization by May 23. “The […]

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ForkLog 12 23.04.2024

SEC Extends Review Period for Franklin Templeton’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has extended the review period for the application to launch a spot Ethereum ETF by investment firm Franklin Templeton. This was reported on the agency’s website.

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ForkLog 12 19.04.2024

Ethereum’s Quarterly Profit Surpasses $365 Million Amid DeFi Surge

In the first quarter, the Ethereum blockchain recorded a net profit of $365.46 million, marking an increase of nearly 200% from the previous period’s $123 million, according to a report by The DeFi Report. Data: The DeFi Report. Analyst Michael Nadeau noted that the network’s transaction fee revenue reached $1.17 billion, a 155% increase compared […]

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ForkLog 4 17.04.2024

Analysts Highlight Potential for Significant Ethereum Correction

The Ethereum derivatives market has developed pessimistic expectations regarding the near-term price outlook, according to The Block. “Near-term options indicate risks of sharp movement in either direction,” stated QCP Capital. Cryptocurrency derivatives trader Gordon Grant reached similar conclusions. “You can see a significant divergence in Ethereum options compared to digital gold. The term structure remains […]

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ForkLog 18 16.04.2024

Impact of Restaking on Ethereum’s On-Chain Metrics Analyzed by Experts

The introduction of restaking protocols EigenLayer and LRT has increased the share of ETH in staking to 26% of the total supply. Glassnode examined how this trend could affect Ethereum’s role as a monetary asset. Analysts recorded a rise in the total number of coins staked to 31.4 million ETH (as of April 13). Data: […]

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ForkLog 8 16.04.2024

Analyst Questions Prospects for Spot Bitcoin ETFs in Hong Kong

Cryptocurrency ETFs listed in Hong Kong would be “lucky” to attract a total of $500 million, according to Bloomberg analyst Eric Balchunas. Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet). Rumor has it launching next wk so to not compete w Dubai conf. Don’t expect a lot […]

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ForkLog 7 15.04.2024

Ethereum Funds Experience Fifth Consecutive Week of Outflows

Cryptocurrency investment products saw an outflow of $126 million from April 6 to April 12, including $28.7 million from Ethereum funds, according to analysts at CoinShares. In the previous two weeks, there was a combined inflow of $646 million and $862 million. Experts attributed the trend reversal to “market participants’ uncertainty” amid a pause in […]

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ForkLog 14 15.04.2024

Ethereum Lending Protocol Liquidations Surpass $127 Million

In the first two weeks of April, the volume of liquidated positions in Ethereum’s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors’ reactions to the collapse of Terra. The publication noted that the surge […]

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ForkLog 13 15.04.2024

Hong Kong Regulator Approves Bitcoin and Ethereum Spot ETFs

The Hong Kong Securities and Futures Commission (SFC) has approved applications from Boshi International, HashKey Capital, China Asset Management, and Harvest Investment to launch spot Bitcoin and Ethereum ETFs. Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong […]

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ForkLog 8 12.04.2024

Ethereum’s Pectra Update to Enable Recovery of Private Keys

The Ethereum Pectra update, slated for late 2024 or early 2025, promises to introduce a host of additional features for crypto wallets and enhancements to user experience, according to blockchain developer Tim Beiko. All things considered, teams were in agreement about moving forward in the EIP. 3074 will be included in Pectra ?! — timbeiko.eth […]

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ForkLog 3 11.04.2024

Ethereum Faces High Volatility Amid ETF Decision Deadlines, Expert Warns

The implied volatility of Ethereum options expiring at the end of May indicates significant price fluctuations due to uncertainties surrounding the approval of a spot ETF. This was reported by Ruslan Lienkha, Head of Markets at YouHodler, to The Block. The publication noted that May 23 marks the final deadline for the SEC to decide […]

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ForkLog 6 11.04.2024

Grayscale CEO Predicts Stabilization of GBTC Outflows

Outflows from the Grayscale Bitcoin Trust ETF (GBTC) have reached an equilibrium, according to the company’s CEO, Michael Sonnenshein, as reported by Reuters. The executive attributed his expectations to the completion of several transactions involving the sale of GBTC by bankrupt firms. Another reason cited was the peak of a wave of clients switching to […]

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