The co-founder of Ethereum spoke to News as Polkadot, his answer to Ethereum falling 50%, Polkadot is taking a hit from users after spending big on marketing. Wood talks about the emergence of his DJ alter ego. When Polkadot’s Blockchain Academy students wrapped up their five-week developer boot camp in Hong Kong earlier this year, … Read more
Spot Ethereum ETFs have seen $476 million in outflows since launch.Bloomberg Intelligence ETF analyst Eric Balchunas said he could see “light at the end of the tunnel,” meaning the outflows will soon taper off. Spot Ethereum exchange-traded funds had a brutal first month. Unlike the kick-start crypto rally pundits expected, spot Ethereum ETFs lost $476 … Read more
Ethereum price fell 22% in August. Lack of institutional demand at current prices is a problem, says Lecker Capital’s Quinn Thompson. Lackluster ETF demand and growing tech criticism hit Ethereum in August, leading to the asset’s biggest monthly drop in more than two years. “A new buyer may not see the value at current prices,” … Read more
CME Launches New Bitcoin Futures Contract Crypto micro futures have become particularly popular in the past few months. The Chicago Mercantile Exchange is launching a new Bitcoin product. By September 30, merchants Can buy Bitcoin Friday futures contracts are worth 1/50th of a bitcoin – or $1,220 each. CME's Micro Ether futures contracts hit four … Read more
Ether's supply has been increasing since mid-April. This is a result of lower transaction costs in Layer 2 networks. Ethereum's faithful survived this problem. The exorbitant transaction fees that plagued the Ethereum blockchain have become a thing of the past. In recent weeks, fees on the network have dropped to around $0.06 for a typical … Read more
Solana is now the dominant blockchain for PayPal's PYUSD stablecoin. The double-digit yields offered to PYUSD holders across Solana DeFi have fueled demand. PayPal's strategy of attracting DeFi users with incentives is paying off. Despite Ethereum's 10-month head start, Solana's version of the fintech giant's PYUSD stablecoin has outperformed its Ethereum counterpart. According to DefiLlama, … Read more
Bitcoin was not spared as global markets tumbled on Monday. Investors are spooked by several worrying developments. Outflows of DeFi tokens have increased. Crypto is not a market for the faint of heart, but even diehard investors whitewashed it on Monday as Bitcoin and other tokens gave back months worth of gains. Bitcoin has fallen … Read more
Japan's stock market rallied more than 10% on Tuesday. Bitcoin and crypto may have set a new floor after heavy losses in the last four days. All eyes turned to the US stock market open. Is the garbage out? On Tuesday, investors saw a 10.2% rebound in Japan's bellwether Nikkei stock index, hoping that the … Read more