CryptoQuant CEO: “Altcoin season begins”
Ki Young Ju pointed to the MVRV indicator in Ethereum in this period when the price of Bitcoin dropped almost $1000 every day and altcoins melted more. “We’re entering early alt season” Ju said.
Ethereum News
Ethereum is a decentralized platform that can be used for currency and various applications. Ether (ETH) is the platform’s primary currency.
One of Ethereum’s most prominent features is its capability to support smart contracts. The platform was created by Canadian developer of Russian origin, Vitalik Buterin, and a few other co-founders when it was just 20 years old. Launched on July 30, 2015, Ethereum’s digital currency, Ether, ranks second in terms of market value, with a market capitalization of $24 billion as of February 10, 2020, following Bitcoin.
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Warning for those waiting for the Blast airdrop: Steps announced
One week before the airdrop of Blast, created by the founder of NFT marketplace Blur, the project team shared important warnings. In order to qualify for the two-part airdrop known as Blast Gold and Blast Points, some users need to log in to the Blast dashboard.
Ether spot ETF responses due to SEC this week: “We now await approval”
Ether spot ETFs are now in the final stretch. Companies must submit their final responses to the SEC’s requests by close of business on Friday. Sources say that the SEC’s requests for filings are “reasonable and light” and that they expect approval shortly.
Bitwise investments updates Ethereum ETF filing
Bitwise, one of the firms awaiting final approval from the SEC on Ethereum spot ETFs, updated its S-1 filing. The company also announced that it will make a $2.5 million purchase of its ETF with a seed investment, while crypto fund company Pantera Capital is targeting a $100 million purchase.
Ethereum survives SEC threat: “This is a victory” announcement
The US Securities and Exchange Commission (SEC) will not sue Consensys about Ether. Consensys, the company behind the Metamask wallet, said in a statement, “We have been informed by the SEC that the agency has closed its investigation into Ethereum 2.0. No lawsuit will be filed in this regard,” the statement said.
Uwu Lend has been hacked once again: The same person stole millions again
DeFi platform Uwu Lend has been hacked once again in a few days. It was reported that the platform, which lost $20 million as a result of the attack two days ago, was attacked by the same hacker, and this time the loss was $3.7 million.
ZKsync is starting a ZK token airdrop starting next week: Details revealed
ZKsync will start sending airdrops to 695,232 eligible wallets starting next week. In total, 3.675 billion ZK tokens, corresponding to 17.5% of the 21 billion token supply, will be sent to users.
Ether spot ETFs could attract 1/5 of Bitcoin funds: Bitfinex manager
As the US markets are counting down the days until Ether spot ETFs open for trading on exchanges, Jag Kooner, director of the Bitfinex exchange, made comparisons between Bitcoin and gold ETFs. Kooner said that Ether spot ETFs can attract one-fifth of the money coming into Bitcoin ETFs in the first place, and over time, this money can spread to projects that have a use around Ether.
Surprise withdrawal from the Ethereum ETF race
Ark Invest, the largest Bitcoin ETF after BlackRock and Fidelity, has pulled out of the Ethereum race.
The Notcoin craze continues: Another record today
Notcoin, Telegram’s “play-to-earn” token, continued its recent surge today and reached a record high. The coin, which is also one of the most traded coins on the Binance exchange, has risen more than 130% in the last week.