Bitcoin Hovers Over $27.5K, Crypto Bulls Face $100M Liquidations as Altcoins Drop
The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.
The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.
The company discloses a restructuring in the wake of its decision to exit services related to MEV-Boost Relay, a type of software used by Ethereum network validators.
The Foundation periodically sells tokens to cover costs, creating a temporary sell-off event in markets.
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
The latest price moves in crypto markets in context for Oct. 3, 2023.
Bitcoin slumped below $28,000, and ether dipped below $1670.
“Pretty meh volume” for the group, said one analyst.
The company’s Ethereum trust is the largest ether investment product in the world with nearly $5 billion in AUM.
The moving funds, coming soon before FTX founder and former chief executive Sam Bankman-Fried goes on trial, deepens one of the ongoing mysteries around the exchange’s collapse last year.
The asset manager Thursday said it had already begun purchasing ether futures contracts.