Binance Staked ETH (wBETH) has shaken up the dominance on the Ethereum liquid staking market. In fact, it currently enjoys a whopping 20% of the overall market share. Much of this growth is due to Binance’s large distribution network and easy-to-use platform. The Ethereum liquid staking ecosystem today has more...
SharpLink Gaming, a publicly-traded company under Nasdaq, has recently made a huge bet on Ethereum, having bought $73,210,000 of the cryptocurrency. This move underscores the growing institutional interest in Ethereum and its perceived role as a foundational layer for Web3 technologies. Screenshot via Twitter Taskmaster, top analyst Ted Pillows could...
Through its pending acquisition of blockchain technology developer DigiPhoenix, Bit Digital is taking an audacious step deeper into the cryptocurrency world. The company is now shifting its focus away from Bitcoin mining and toward Ethereum staking. This new direction is a major turn in its long-existing digital asset strategy.As of...
Ethereum (ETH) is making a lot of waves lately as specialists are anticipating ETH to explode in price by a large margin in this ongoing bull cycle. Eric Jackson, the founder of EMJ Capital, predicts that Ethereum will hit $10,000. Perhaps not surprisingly, Jackson’s optimism springs from a few key...
Ethereum is riding that wave as institutional investors continue to build their exposure with the introduction of Ethereum ETFs, driving prices close to the $3,000 level. Spot Ethereum ETFs saw their biggest single day inflows on July 10, taking in $386 million. As public companies continue to add Ethereum to...
Almost one third of Ethereum’s existing total supply is currently staked in contracts. This in turn produces a significant, short-term supply shock, which would put upward pressure on prices. As anticipation mounts for Ethereum staking ETFs and now other types of Ethereum ETFs, that approval may come by year’s end....
Ethereum, the second-largest cryptocurrency, is currently trading at just under $3,040 and according to these analysts, poised for exponential growth. The crypto has successfully processed multiple upgrades in recent years, notably the Ethereum Merge and EIP-1559. Together, these upgrades have transitioned Ethereum from a proof-of-work system to an environmentally-friendly proof-of-stake...
Ethereum is undergoing a historic supply squeeze as an increasing amount of its total supply gets locked in staking mechanisms. This drop in Ethereum available on exchanges comes alongside significant price movements and longer-term relative value trading strategies seen in institutional clients.As we’ve seen with Ethereum steadily leaving exchanges, this...
Eric Jackson, a founder of his fund EMJ Capital, says Ether could one day skyrocket to $1.5 million. Jackson’s outlook arrives as US spot Ether ETFs have generated $1.41 billion in ETF volume. He believes the real catalyst for Ether is still ahead: staking approval, expected before October.Jackson said all...