Ether Demand Is Driven by U.S. Investors, Data Shows
Coinbase premiums for ether (ETH) tokens were higher than usual in the past week, suggesting demand was led by U.S. investors, CryptoQuant said.
Coinbase premiums for ether (ETH) tokens were higher than usual in the past week, suggesting demand was led by U.S. investors, CryptoQuant said.
“There are possibilities to solidify the treasury at low risk,” pseudonymous JPEG’d contributor 0xTutti told CoinDesk.
The amount of ether held on exchanges is at an all-time low of 11%, a sign that more of the cryptocurrency is being locked up for DeFi, the report said.
Kelp DAO’s newly announced kelp earned points (KEP) token brings liquidity to EigenLayer Points.
A potential spot ETH ETF approval would boost the second-largest crypto’s appeal among more conservative, institutional investors.
The latest price moves in crypto markets in context for Feb. 20, 2024.
Ether has rallied 16% in seven days, outperforming bitcoin’s 8.5% rise.
Ethena’s USDe “synthetic dollar” is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S.
Ether’s 14-week RSI has topped 70, a threshold that marked previous parabolic bull runs.
The updated prospectus brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted.