Ethereum ™️ | ETH | News

🪙 Ethereum fees drops to lowest level since October, ETH sustains above $3,200 Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost. The issue seems to have de-escalated with Ethereum’s average fee level dipping to $1.12 per network transaction. This is one of the lowest levels noted since October 18. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Three Altcoins Set to Thrive Amidst Ethereum’s ETF Buzz Analyst Cheeky Crypto has rattled the cryptocurrency community with his latest revelation: turn your attention away from Bitcoin and Ethereum and focus on three hidden gem altcoins poised for explosive growth in 2024. The analyst commenced by shedding light on the pivotal role of Exchange Traded Funds (ETFs) in the crypto arena, especially concerning Ethereum. With the impending approval of Ethereum’s ETF, Cheeky Crypto anticipates a surge in demand for the cryptocurrency, propelling its value upwards. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Franklin Templeton lists Ethereum ETF on DTCC Asset management firm Franklin Templeton has listed its spot Ether exchange-traded fund (ETF) — the Franklin Ethereum TR Ethereum ETF (EZET) — on the Depository Trust and Clearing Corporation (DTCC) website, a significant platform for securities transactions in the United States. The DTCC website’s “Create/Redeem” column lists the ETF, indicating its availability for creation and redemption. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Vitalik Buterin says that Ethereum's PoW was 'quite centralized' and a 'temporary stage' until PoS Ethereum co-founder Vitalik Buterin responded to comments about Ethereum's transition to a proof-of-stake (PoS) from a proof-of-work (PoS) consensus system. Users had noted on social media platform X that numerous Ethereum community members wished the network stayed with PoW instead of PoS. That sentiment received pushback from the man who first proposed the creation of Ethereum in 2013 at the age of 19. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🇺🇸 SEC cold-shoulders Ethereum ETF applicants in meetings, dashing hopes of May approval The US SEC is expected to reject several applications for exchange-traded funds (ETFs) based on Ethereum, the world’s second-largest cryptocurrency, Reuters reported on April 25, citing industry insiders. Firms such as VanEck and ARK Investment Management, among others, have submitted applications to the SEC for ETFs that would directly track the spot price of ether. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ether spot ETF approval seen as increasingly doubtful by industry professionals: Reuters U.S. Securities and Exchange Commission will approve spot ether exchange-traded funds in May, according to a Thursday report from Reuters — which claims that industry sources expect the SEC to deny applications to launch spot ether ETFs in May after U.S. issuers and other firms had discouraging meetings with the agency in recent weeks. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment Ethereum (ETH) suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH (ezETH) crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs. Ethereum witnessed a surge in activities on Wednesday after key events. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Grayscale, BlackRock Ethereum ETF applications updated amid SEC delays Grayscale Investments and BlackRock have updated their spot Ethereum ETF applications despite the SEC delaying its decision on the matter in recent weeks and expectations leaning toward rejection. Grayscale filed an S-3 registration statement with the SEC on April 23. The submission marks the latest step toward the firm’s proposed conversion of its existing Grayscale Ethereum Trust to a spot exchange-traded fund (ETF). Grayscale referred to the submission as “another key filing,” along with NYSE Arca’s earlier Form 19b-4 filing. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🇺🇸 SEC asks for comments on BlackRock's amended spot Ethereum ETF proposal The U.S. Securities and Exchange Commission is asking for public comments on changes made to BlackRock's proposed spot Ethereum exchange-traded fund. The world's largest asset manager is vying along with others for a spot Ethereum ETF, though optimism that one could get the SEC's greenlight in the next month has diminished. BlackRock filed for its spot Ethereum ETF in November 2023. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

🪙 Ethereum shows signs of a potential rally as suspected Justin Sun wallet buys heavily Ethereum's (ETH) recent price movement hints at a potential rally despite ETH ETPs recording outflows. The recent price improvement follows the fourth Bitcoin halving and a suspected Justin Sun wallet purchasing large numbers of ETH. The wallet began purchasing ETH from Binance and decentralized exchanges (DEX), buying a total of 127,388 ETH. The transaction behavior of this wallet is similar to another suspected Justin Sun wallet that bought 168,369 ETH at $2,894 from Binance and DEXs between February 12 and February 24, according to Lookonchain. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews