American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down...
While Ethereum developers are working hard to develop on-chain scaling solutions, including Sharding, layer-2s is picking up steam. According to L2Beat, as of September 6, all these layer-2 scaling solutions managed nearly $34 billion.
Popular as they are,...
Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently.
Ethereum Exchange Netflows Have Been Positive Recently
According to data from the market intelligence platform IntoTheBlock, the ETH...
On Friday, asset management firm and exchange-traded fund (ETF) issuer VanEck announced its decision to liquidate its Ethereum Futures ETF (EFUT). According to the official release, shareholders will have the opportunity to sell their shares on the fund’s...
Much like Bitcoin, Ethereum has faced significant challenges in recent months, struggling to sustain any major price rally. After reaching a peak of over $4,000 in March, Ethereum has been consistently declining, failing to break out of this...