According to our Ark Invest, Ethereum could displace many traditional financial services, and its native token, ether, could compete as global money.
As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. The beneficiaries of this shift include Ethereum, the base protocol, and DeFi, the decentralized applications built on top of Ethereum.
As the preferred collateral in DeFi and the unit of account in NFT marketplaces, ether (ETH) has the potential to capture a portion of the $123 trillion in global M2
#Ethereum #DeFi #Finance #Ether
As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. The beneficiaries of this shift include Ethereum, the base protocol, and DeFi, the decentralized applications built on top of Ethereum.
As the preferred collateral in DeFi and the unit of account in NFT marketplaces, ether (ETH) has the potential to capture a portion of the $123 trillion in global M2
#Ethereum #DeFi #Finance #Ether
#Bitcoin price today, which is the world's largest and most popular cryptocurrency, was trading almost flat at $19,455.81. The global crypto market cap today remained below the $1 trillion mark, as it was flat in the last 24 hours at $942 billion.
On the other hand, #Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, slipped nearly a per cent at $1,329.98.
On the other hand, #Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, slipped nearly a per cent at $1,329.98.
#Cryptocurrency prices today plunged even as #Bitcoin again below the $20,000 mark. The world's largest and most popular cryptocurrency was #trading over 2% lower at $19,980.36.
The global #crypto market cap today was below the $1 trillion mark, as it was down nearly 2% in the last 24 hours at $957.2 billion. #Ether, the coin linked to the #ethereum #blockchain and the second largest cryptocurrency, fell more than 1.5% at $1,354.10 .
The global #crypto market cap today was below the $1 trillion mark, as it was down nearly 2% in the last 24 hours at $957.2 billion. #Ether, the coin linked to the #ethereum #blockchain and the second largest cryptocurrency, fell more than 1.5% at $1,354.10 .
The Global #Economy Saw More Stormy Weather After #Inflation Report
But marketcap of #crypto maintains its position with a rise of 0.37% at 1.01T
And the two biggest cryptocurrencies, #Bitcoin and #Ether, kept cruising along at about the same levels they've held for the majority of the last two weeks. #BTC remained stable at around $20,385.16, while #ETH continued to float at $1,550.24. Both prices were up slightly over the previous 24 hours.
But marketcap of #crypto maintains its position with a rise of 0.37% at 1.01T
And the two biggest cryptocurrencies, #Bitcoin and #Ether, kept cruising along at about the same levels they've held for the majority of the last two weeks. #BTC remained stable at around $20,385.16, while #ETH continued to float at $1,550.24. Both prices were up slightly over the previous 24 hours.
The global #cryptocurrency market cap today remained below the $1 trillion mark, as it was flat in the last 24 hours to $797.6 billion.
#Bitcoin price today rose with the world's largest and most popular digital token #trading almost flat with a positive bias at $16,608.94. On the other hand, #Ether, the coin linked to the #ethereum blockchain and the second largest cryptocurrency, was up about half per cent at $1,198.
#Bitcoin price today rose with the world's largest and most popular digital token #trading almost flat with a positive bias at $16,608.94. On the other hand, #Ether, the coin linked to the #ethereum blockchain and the second largest cryptocurrency, was up about half per cent at $1,198.
The global #crypto market cap stood at $798.7 billion on the first working day of 2023.
The price of #Bitcoin, the world's largest cryptocurrency, hovered around $16,600, with its #dominance currently at 40.1 per cent, which is a increase of 0.07 per cent over the day.
On the other hand, #Ether, the coin linked to the ethereum blockchain and the second largest #cryptocurrency, was also trading marginally higher at $1,200.
The price of #Bitcoin, the world's largest cryptocurrency, hovered around $16,600, with its #dominance currently at 40.1 per cent, which is a increase of 0.07 per cent over the day.
On the other hand, #Ether, the coin linked to the ethereum blockchain and the second largest #cryptocurrency, was also trading marginally higher at $1,200.
Happy Birthday #Ethereum 🎂
Today marks the 8th birthday of the #Ethereumnetwork and #Ether – the world’s second-largest digital asset.
5 Historic key points that contributed to Ethereum's success over 8 years.
Inception - Launched on July 30, 2015, as a blockchain platform for decentralized applications (dApps) with smart contracts.
ICO & ERC-20 - The rise of Initial Coin Offerings (ICOs) and ERC-20 tokens in 2017 expanded Ethereum's utility and adoption.
DeFi Boom - Ethereum's smart contract capabilities fueled the growth of decentralized finance (DeFi) applications.
Ethereum 2.0 - The transition from PoW to PoS began in December 2020, improving scalability and security.
Enterprise Adoption - Ethereum attracted major companies and consortiums, fostering real-world use cases and ecosystem growth.
Today marks the 8th birthday of the #Ethereumnetwork and #Ether – the world’s second-largest digital asset.
5 Historic key points that contributed to Ethereum's success over 8 years.
Inception - Launched on July 30, 2015, as a blockchain platform for decentralized applications (dApps) with smart contracts.
ICO & ERC-20 - The rise of Initial Coin Offerings (ICOs) and ERC-20 tokens in 2017 expanded Ethereum's utility and adoption.
DeFi Boom - Ethereum's smart contract capabilities fueled the growth of decentralized finance (DeFi) applications.
Ethereum 2.0 - The transition from PoW to PoS began in December 2020, improving scalability and security.
Enterprise Adoption - Ethereum attracted major companies and consortiums, fostering real-world use cases and ecosystem growth.
What do you think will be the highest price of #Ether this year 2023?
Anonymous Poll
75%
$2100 - $2500
13%
$2500 - $3000
13%
$3000 - $3500
0%
Over $3500
Key Events This Week:
#Crypto #Cryptonews
📍Wed 10 Jan
🔵Anticipated Bitcoin Spot #ETF announcements by U.S. SEC
📍Thu 11 Jan
🔵US #CPI for December
🔵US Initial Jobless Claims for the Week
🔵#Cboe Digital Plans to Launch #Bitcoin and #Ether Margin Futures Trading
📍Fri 12 Jan
🔵December #PPI Inflation data
Four Federal Reserve members will speak before the crucial January #Fed meeting, offering insights on upcoming inflation data.
#Crypto #Cryptonews
📍Wed 10 Jan
🔵Anticipated Bitcoin Spot #ETF announcements by U.S. SEC
📍Thu 11 Jan
🔵US #CPI for December
🔵US Initial Jobless Claims for the Week
🔵#Cboe Digital Plans to Launch #Bitcoin and #Ether Margin Futures Trading
📍Fri 12 Jan
🔵December #PPI Inflation data
Four Federal Reserve members will speak before the crucial January #Fed meeting, offering insights on upcoming inflation data.
Amberdata reports #Ether options indicating short-term bearish sentiment, with negative skew observed for one, two, and three months.
One-week call-put skew hits three-month low at nearly -8, signaling caution amid changing betting patterns. #CryptoNews
https://coinpedia.org/news/ether-options-indicate-bearish-sentiment-amid-bullish-predictions/
One-week call-put skew hits three-month low at nearly -8, signaling caution amid changing betting patterns. #CryptoNews
https://coinpedia.org/news/ether-options-indicate-bearish-sentiment-amid-bullish-predictions/
Coinpedia Fintech News
Is Ether Headed Lower? Short-Term Bearishness Grips Options Market
It's not easy to navigate the world of cryptocurrency, and some insights can prove extremely valuable! Now, Amberdata, a reputable tracker of digital
Gary #Gensler faces constant legal issues and criticism amid his unchanged approach to #Ether #ETFs. #CryptoNews
SEC scrutinizes #Ethereum ETF applications, with delays sparking debates and market uncertainty over approval prospects.
https://coinpedia.org/news/secs-gary-gensler-clarifies-bitcoin-etf-nod-doesnt-guarantee-ethereum-etf-approval/
SEC scrutinizes #Ethereum ETF applications, with delays sparking debates and market uncertainty over approval prospects.
https://coinpedia.org/news/secs-gary-gensler-clarifies-bitcoin-etf-nod-doesnt-guarantee-ethereum-etf-approval/
CoinPedia
SEC’s Gary Gensler: Bitcoin ETF Nod Doesn’t Guarantee Ethereum ETF Approval
Gary Gensler is in the headlines almost daily and seems neck-deep in legal scoops and negative criticism of his leadership. SEC Chair Gary Gensler offered
Top #CryptoNews This Week
1️⃣ In January, the US unadjusted #CPI annual rate reached 3.1%, slightly exceeding expectations but lower than previous.
2️⃣ On Feb 15th, #Bitcoin surpassed $52,400, achieving a market cap exceeding $1 trillion, reaching 2021 levels.
3️⃣ #Binance faces $4.3 billion fine for breaching US economic sanctions laws, money laundering.
4️⃣ Senator Elizabeth Warren celebrated Bitcoin's 15th anniversary by honoring Satoshi Nakamoto. she signed a certificate to honor #Bitcoin creator.
5️⃣ #MicroStrategy's Bitcoin holdings surpassed $10B, with profits exceeding $4 billion, as Bitcoin approached $53,000.
6️⃣ Franklin Templeton applied to SEC for a spot #Ether #ETF, joining firms like #BlackRock and #Fidelity.
7️⃣ Court approved #Genesis's sale of $1.3B worth of #GBTC shares to compensate clients who borrowed digital assets.
8️⃣ Seattle Federal Court postpones Binance founder #CZ's sentencing on money laundering charges to April 30th, reasons undisclosed.
1️⃣ In January, the US unadjusted #CPI annual rate reached 3.1%, slightly exceeding expectations but lower than previous.
2️⃣ On Feb 15th, #Bitcoin surpassed $52,400, achieving a market cap exceeding $1 trillion, reaching 2021 levels.
3️⃣ #Binance faces $4.3 billion fine for breaching US economic sanctions laws, money laundering.
4️⃣ Senator Elizabeth Warren celebrated Bitcoin's 15th anniversary by honoring Satoshi Nakamoto. she signed a certificate to honor #Bitcoin creator.
5️⃣ #MicroStrategy's Bitcoin holdings surpassed $10B, with profits exceeding $4 billion, as Bitcoin approached $53,000.
6️⃣ Franklin Templeton applied to SEC for a spot #Ether #ETF, joining firms like #BlackRock and #Fidelity.
7️⃣ Court approved #Genesis's sale of $1.3B worth of #GBTC shares to compensate clients who borrowed digital assets.
8️⃣ Seattle Federal Court postpones Binance founder #CZ's sentencing on money laundering charges to April 30th, reasons undisclosed.
Top #CryptoNews In Last 12 Hours
1️⃣ #Coinbase sought to launch perpetual futures contracts in Canada, engaged with #regulators for policy updates. #Kraken and #Gemini also increase Canadian investments.
2️⃣ #Ether's price surges, nearing $3,000 for the first time in almost 2 years, while Bitcoin remains steady. Public holiday in US limits #Bitcoin demand.#Altcoins show potential.
3️⃣ Bitcoin holdings on #Coinbase hit a 9-year low as whales withdraw $1B $BTC, sparking debate on supply shock or over-the-counter liquidity.
4️⃣ The #Cryptomarket saw a $2.45 billion inflow, led by the US. Bitcoin dominated with $2.42 billion. Total Assets Under Management reached $67 billion.the highest since December 2021.
5️⃣ British gov't planned #crypto rules approval by lawmakers within 6 months before 2024 election, addressing regulatory concerns. Announced by Bloomberg.
1️⃣ #Coinbase sought to launch perpetual futures contracts in Canada, engaged with #regulators for policy updates. #Kraken and #Gemini also increase Canadian investments.
2️⃣ #Ether's price surges, nearing $3,000 for the first time in almost 2 years, while Bitcoin remains steady. Public holiday in US limits #Bitcoin demand.#Altcoins show potential.
3️⃣ Bitcoin holdings on #Coinbase hit a 9-year low as whales withdraw $1B $BTC, sparking debate on supply shock or over-the-counter liquidity.
4️⃣ The #Cryptomarket saw a $2.45 billion inflow, led by the US. Bitcoin dominated with $2.42 billion. Total Assets Under Management reached $67 billion.the highest since December 2021.
5️⃣ British gov't planned #crypto rules approval by lawmakers within 6 months before 2024 election, addressing regulatory concerns. Announced by Bloomberg.
The #cryptomarket is unstable following the #BTC #halving, with the total value decreasing by 3% to $2.4 trillion, suggesting significant shifts ahead.
The expected #altseason delay is due to #Bitcoin's increasing dominance, and Ethereum's price may decrease due to the US SEC rejecting spot #Ether #ETF.
https://coinpedia.org/news/altcoin-dump-ahead-before-inevitable-rise-top-crypto-analyst-shares/
The expected #altseason delay is due to #Bitcoin's increasing dominance, and Ethereum's price may decrease due to the US SEC rejecting spot #Ether #ETF.
https://coinpedia.org/news/altcoin-dump-ahead-before-inevitable-rise-top-crypto-analyst-shares/
CoinPedia
Altcoin Dump Ahead Before Inevitable Rise; Top Crypto Analyst Shares
The cryptocurrency market has recently been trending on wobbly sentiments, two weeks after the fourth Bitcoin (BTC) halving. The total cryptocurrency
#Altseason imminent: #Bitcoin profits shift to #altcoins, #Ether #ETF decision, institutional interest, consolidation signal rally.
Key indicators: Bitcoin dominance reversal, $ETH/$BTC pair shift, #altcoin market cap rebound projection.
https://coinpedia.org/price-analysis/altcoins-rally-to-begin-in-2-months-here-are-the-top-picks/
Key indicators: Bitcoin dominance reversal, $ETH/$BTC pair shift, #altcoin market cap rebound projection.
https://coinpedia.org/price-analysis/altcoins-rally-to-begin-in-2-months-here-are-the-top-picks/
CoinPedia
Altcoins Rally To Begin in 2-Months; Here Are the Top Picks
The total cryptocurrency market cap has established a consolidation range in the past few weeks, thus signaling an inevitable rebound ahead. Bitcoin's
Does the SEC's #ETF Decision Indicate #ETH and Other Tokens Aren't Securities?
Will #Ether #ETFs Spark a New Wave of #Cryptocurrency Adoption?
Click Below to Read This Interesting News 👇 #CryotoNE
https://coinpedian.substack.com/p/big-win-for-ethereum-as-the-sec-approved
Will #Ether #ETFs Spark a New Wave of #Cryptocurrency Adoption?
Click Below to Read This Interesting News 👇 #CryotoNE
https://coinpedian.substack.com/p/big-win-for-ethereum-as-the-sec-approved
Substack
Big Win For Ethereum As The SEC Approved All Spot Ethereum ETFs
What's Next for Spot Ether ETFs After SEC Approval?
When Will BlackRock's Spot #Ether #ETF Hit the #CryptoMarket?
How Will #BlackRock's Spot Ether ETF Impact #Ethereum's Price?
Want to Know When Might Investors Trade $ETH ETFs?
#CryptoNews #Crypto
https://coinpedian.substack.com/p/is-blackrocks-spot-ether-etf-secretly
How Will #BlackRock's Spot Ether ETF Impact #Ethereum's Price?
Want to Know When Might Investors Trade $ETH ETFs?
#CryptoNews #Crypto
https://coinpedian.substack.com/p/is-blackrocks-spot-ether-etf-secretly
Substack
Is BlackRock's Spot Ether ETF Secretly Set to Launch in June Following Their S1 Filing?
Ready to Ride the Ether Wave?
Want to Know How is #Ethereum Outperforming #Bitcoin in Market Value Realized Value(MVRV) Trends?
Will the Launch of #Ether #ETFs on July 2 Affect Ethereum's Price?
Click Below to Read More👇
#Crypto #CryptoNews #Cryptomarket
https://coinpedian.substack.com/p/is-ethereum-really-overvalued-heres
Will the Launch of #Ether #ETFs on July 2 Affect Ethereum's Price?
Click Below to Read More👇
#Crypto #CryptoNews #Cryptomarket
https://coinpedian.substack.com/p/is-ethereum-really-overvalued-heres
Substack
Is Ethereum Really Overvalued? Here’s What the Data Says
Will ETH Hit $10K by the End of 2024?