With Bybit’s dual asset product, users can trade their ETH against their BTC holdings and vice versa, thereby optimizing the profits from both assets.
Hundreds of Ethereum wallets that were inactive for nearly 3.3 years have started moving a large number of Ethereum coins. Reports suggest that these wallets moved a total of 789,533 ETH valued at a staggering $2 billion.
To improve the cross-L2 compatibility, Vitalik Buterin proposes a standard set of rules for all networks to alleviate issues pertaining to cross-chain communication.
The recent Ethereum price crash to $2,197 has attracted significant attention from long-term buyers seeking to buy at discounted rates.
Ethereum price recovery, as well as that of other cryptocurrencies, suggests that the broader financial market is taking a breather.
One possible explanation for the drop in Ethereum addresses could be the recent launch of spot Ether ETFs in the United States.
All the liquidated positions were held by long traders who had bet on the potential price performance of the second-largest digital asset in the industry.
Ethereum price has dropped below crucial support levels in the recent past, indicating further midterm weakness.
These transfers come in the wake of a significant settlement Genesis reached with New York State.
In addition to crypto trading, Futu is also licensed to offer Bitcoin and Ethereum exchange-traded funds (ETFs) to certified institutions.
If the market gains momentum, Ethereum might test its $3,300 resistance. A bullish shift could push ETH out of its descending channel and aim for $3,700.
The recent approval of spot Ethereum ETFs in several countries has been the epitome of mainstream adoption of Ether’s ecosystem in the past nine years.
According to security experts, this recent transaction may be used for further illicit activities.
The recent uptick in open interest highlights a return of confidence among traders, possibly influenced by significant developments like the approval of Ethereum ETFs.
Simplifying the denomination helps reduce confusion and enhances the user experience.