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Forget about Ethereum ETFs — Here's what you can do instead
Ignore the hopium. Staking isn’t coming to spot Ethereum ETH $2,642 exchange-traded funds (ETFs) anytime soon — and probably not until United States regulators take a softer stance on crypto. That leaves retail investors with few options. For now, staking on a regulated spot exchange — such as Coinbase or Gemini — is a better choice. Spot ETH ETFs — which finally listed on US exchanges in July — are supposed to set the gold standard for ETH investing. In many ways they did. High liquidity, low fees, robust investor protections, and easy accounting make a strong case for funds...
Stablecoin Market Hits 2-Year High as Tether Records $5.2B Profit
You are here: Home / News / Stablecoin Market Hits 2-Year High as Tether Records $5.2B Profit Tether’s USDT has driven the stablecoin market to its highest levels in two years. According to a recent report by Intotheblock, the stablecoin sector is witnessing unprecedented growth, largely propelled by USDT’s performance. Tether, the company behind USDT, announced a remarkable profit of $5.2 billion in the initial half of 2024, emphasizing the coin’s impressive growth pattern. Despite the market’s overall dip, USDT has continuously reached new peaks in July, showcasing its strength and steady upward trend. Source: IntotheBlock USDT’s dominance within the...
Ethereum Nosedives to $2,100 Amidst Institutional Sell-Offs
During early Monday in Asian trading hours, Ethereum (ETH) plummeted to its lowest since January 2024, hitting a low of around $2,100. This sharp drop occurred in just a 15-minute window around 01:00 UTC, with Ethereum’s value nosediving from $2,540 to $2,100—a 15% fall. This swift descent shocked traders, struggling to believe the rapid decline. Jump Trading and Other Institutions Trigger Ethereum Sell-Offs Alongside Ethereum, major assets like Bitcoin (BTC) and Solana (SOL) each shed 10% of their value over the same period. Among the top ten cryptocurrencies by market capitalization, Ethereum was the worst affected. Over the last 24...
