Month: July 2024

TLDR Ethereum’s price is currently trading above $3,500 and the 100-hourly Simple Moving Average. There are key resistance levels at $3,550, $3,580, $3,650, and $3,700. A bullish trend line is forming with support around $3,440-$3,450. […]

TLDR Compound Finance passed a controversial proposal allocating $24 million worth of COMP tokens to a new vault The proposal was narrowly approved despite objections from many community members Critics argue this may be a […]

TLDR Spot Ethereum ETFs launched in the US on July 23, 2024, with nine funds trading on their first day. The ETFs saw over $1 billion in total trading volume, with BlackRock’s fund leading in […]

TLDR Bitcoin price dropped from $65,500 to around $64,000 in early Asian trading hours. Over $250 million in bullish bets were liquidated, the largest amount since early July. Ethereum saw a larger drop of about […]

Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price drop of over 7.5% in recent trading, with its value hovering above $3100. This decline comes in the wake of the much-anticipated launch of Ethereum […]

TLDR Spot Ethereum ETFs experienced net outflows of $113-133 million on their second day of trading. Grayscale’s Ethereum Trust (ETHE) saw significant outflows of $326.9 million on the second day. Most new Ethereum ETFs posted […]