Month: September 2024

Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place […] Source: https://news.bitcoin.com/ethereum-underperforms-bitcoin-2-years-after-the-merge-according-to-cryptoquant-data/

Investment firm VanEck announced Friday that it will close and liquidate its Ethereum futures ETF (EFUT), a decision that comes against a backdrop of significant outflows from spot Ethereum ETFs just weeks after they began trading in the United States. This move reflects broader challenges facing the Ethereum ETF market, which has collectively seen a cumulative net outflow of $562.3…

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Former Ripple Labs CEO Chris Larsen has formally backed Kamala Harris ahead of the 2024 presidential race, as part of a coalition of business executives endorsing the vice president. The co-founder joined 88 other executives, including 21st Century Fox CEO James Murdoch and Snap chairman Michael Lynton, in the joint letter, reported by CNBC. Larsen co-founded Ripple in 2012 under the…

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While bitcoin has dropped 7.6% over the past week and ether has slid 7.98%, many other assets have faced notable declines. The Tron-based SUN token took the hardest hit, plunging 23.61% to become this week’s biggest loser. On the flip side, helium (HNT) surged 27.23% within the same seven-day span. Bitcoin, Ethereum Slump as SUN […] Source: https://news.bitcoin.com/crypto-economy-falls-to-1-91t-34-coins-hit-hard-with-double-digit-declines/

Spot Ethereum ETFs have gotten off to a rocky start, but drawing direct comparisons to Bitcoin’s much-hyped Wall Street debut isn’t all helpful, according to JP Morgan analysts. After launching July 23, nine investment vehicles for crypto’s second largest coin weathered $476 million in cumulative net outflows through August. Meanwhile, the asset’s price dropped 30% from around $3,400 to $2,400,…

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