Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain.Speaking to Bloomberg News from Singapore, Buterin said that EIP-1559 is “definitely the most important part of London.” The upgrade, which went live around 15 hours ago, has tweaked the fee generation mechanism … [Read more...] about ‘More confident about the merge’ following ETH’s successful London upgrade
ETHs
ETH’s trading volume grew much faster than BTC’s in first half of 2021
The world’s second-largest crypto asset has gained ground on Bitcoin in terms of trading volume growth during the first half of this year according to a new report.Ethereum’s trading volume grew faster than Bitcoin’s in the first half of this year according to a new report from leading U.S. crypto exchange Coinbase.The Coinbase Institutional H1 2021 in Review report, released … [Read more...] about ETH’s trading volume grew much faster than BTC’s in first half of 2021
Ethereum options data shows traders’ mixed opinions on ETH’s future
After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher.A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether … [Read more...] about Ethereum options data shows traders’ mixed opinions on ETH’s future
2 key Ethereum price metrics prove pro traders are behind ETH’s new highs
As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise.Some analysts might dismiss Ether derivatives, considering CME's future has $355 million in open interest compared to Bitcoin's $2.4 billion. However, Ether contracts were only … [Read more...] about 2 key Ethereum price metrics prove pro traders are behind ETH’s new highs
This month’s Ethereum options expiry suggests ETH’s upside is limited
To date, Ether (ETH) price has gained 85% in 2021, and options traders are still highly optimistic about the altcoin's short-term performance. The upcoming March 26 expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Does a 25% or higher gain correctly reflect the current market sentiment, or are these traders simply … [Read more...] about This month’s Ethereum options expiry suggests ETH’s upside is limited