On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently. The “transaction fees” here refer to the average fees (in USD) that senders on the ETH network are currently attaching to their transfers. This metric’s value generally reflects the traffic conditions the blockchain is witnessing. When many users are making moves on the network ..read more

On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading. This decision has been a long time in the making and has been expected by all in the crypto community. As expected, the announcement turned out to be bullish for the market, driving a notable recovery in the prices of cryptocurrencies all across the space. Bitcoin Bounces Toward $67,000 Over the weekend, the crypto market saw a market crash that sent the Bitcoin price back below $60,000. This development was brought about partly by the move fro ..read more

The Ethereum (ETH) community has continued to eagerly await news on approving a spot Ethereum Exchange-Traded Fund (ETF) slated to occur by May. However, as the US Securities and Exchange Commission (SEC) maintains a conspicuous silence on the matter, speculation has risen on the likelihood of the approval. This speculation is further fuelled by the scarcity of concrete details regarding the approval process, leaving investors and enthusiasts worried and anticipating. Bitcoin Maxi Weighs In Ethereum Spot ETF Approval In the spot Ethereum ETF debate, notable voices from the cryptocurrency space ..read more

According to a CNBC report, spot Bitcoin exchange-traded funds (ETFs) issuers have expressed skepticism that the US Securities and Exchange Commission (SEC) will approve similar spot Ethereum ETFs.  Market participants, including asset managers BlackRock, Fidelity, and VanEck, eagerly await approval for Ethereum ETF products, but some issuers are uncertain about the SEC’s green light. Uncertainty Looms For Ethereum ETFs The report notes that SEC Chairman Gary Gensler’s emphasis on crypto assets subject to federal securities laws has further complicated matters for an Ethereum ETF. Gensler ..read more

Recently, renowned trader Peter Brandt voiced criticism directed squarely at Ethereum (ETH), the second-largest crypto by market capitalization, denouncing it as a “junk coin” in a blunt assessment. Ethereum Faces Criticism Celebrated for his insights into financial markets, Peter Brandt spared no punches as he castigated Ethereum, arguing that it lacks the essential characteristics required for long-term success. His remarks underscored ETH’s perceived weaknesses as a store of value and its struggles with layer-2 solutions and high gas fees, factors he believes contribute to its inferiority c ..read more

In a recent analysis, JP Morgan’s Global Markets Strategy team has shed light on key developments within the Ethereum network that could significantly influence its classification under securities law. The report comes at a critical juncture for ETH, as the Swiss-based foundation is under investigation by the US Securities and Exchange Commission (SEC). Why Ethereum Is Not A Security JP Morgan highlights the continued decrease in Lido’s share of staked ETH, which has fallen from about one-third a year ago to roughly a quarter currently. This shift towards a more decentralized staking ecosystem ..read more

The crypto space is filled with stories of individuals who have become millionaires and billionaires by trading crypto tokens. This time, another individual has been revealed to have made $8.3 million in just six days.  How This Trader Made $8.3 Million On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that pseudonymous crypto trader Larp von Trier turned 0.1 ETH ($353) into $8.3 million on layer-2 network Base. He is said to have made a 23,770x profit by investing in $KEYCAT, a meme coin on Base, while it was still trading at a market cap of $2,200.  V ..read more

The journey towards the approval of a spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States has taken a complex turn, with developments in recent weeks casting a shadow over its immediate prospects. The anticipation surrounding the potential approval has been met with several setbacks, including a lack in communication between the Securities and Exchange Commission (SEC) and ETF applicants, as well as an ongoing investigation by the SEC into the Ethereum Foundation regarding the classification of Ethereum as a security. Following this, Bloomberg ETF analyst Eric Balchunas recentl ..read more

In an in-depth exploration of Ethereum’s future, co-founder Vitalik Buterin has detailed an ambitious set of initiatives aimed at refining the protocol and easing the burden on node operators. Dubbed “The Purge,” this multifaceted plan targets the removal of obsolete functionalities and the introduction of several Ethereum Improvement Proposals (EIPs) to streamline the network’s operations and security. Through a series of technical enhancements and optimizations, Buterin seeks not just simplification but a profound evolution of ETH in its operational dynamics. The Broader Purge: A Sweeping Cl ..read more

Analysts’ optimism on the likelihood of Ethereum Spot Exchange-Traded Funds (ETFs) approval in May is constantly waning, as the once optimistic senior Bloomberg Intelligence analyst Eric Balchunas has lowered his prediction for the products being approved to a mere 25%. Ethereum Spot ETFs Odds Continues To Drop Eric Balchunas, who noted that his chances of having an Ethereum ETF approved in May by the United States Securities and Exchange Commission (SEC) are still a bleak 25%, expressed his pessimism in an X post. According to Balchunas, he would probably go lower if he could do so, suggestin ..read more