Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a […]
Monochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first exchange-traded fund (ETF) that provides direct access to ethereum. Trading under the ticker ‘IETH’ on Cboe Australia, the ETF will be available on most Australian brokerage platforms, allowing local investors to gain exposure to ethereum through a direct-holding structure. […]
Ethereum (ETH) remains a leading cryptocurrency in the DeFi space, holding the second-largest market capitalization after Bitcoin. However, recent price fluctuations have made it unstable, influenced by U.S. election trends, economic indicators, and global geopolitical situations. As a result, investors are increasingly compelled to diversify their portfolios in response to this market environment. In this […]
In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight by skyrocketing 107.2%, making it the standout performer of the week. Crypto […]
As of Oct. 14, 2024, ethereum’s price is $ 2,541, with a total market cap reaching $ 305 billion. In the last 24 hours, ETH has swung between $ 2,436 and $ 2,555, supported by a trading volume of $ 14.31 billion. Despite this activity, technical indicators hint at continued …