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Spot Ethereum ETFs are coming, but ETH derivatives markets are flat – Cointelegraph

July 19, 2024 | Author: admin

Etherprice rallied 12.5% between July 12 and July 15, but strong resistance at $3,500 halted the bullish momentum. The subsequent correction down to $3,400 on July 18 occurred despite the United States Securities and Exchange Commission approving two additional spot Ethereum exchange-traded funds (ETFs). Despite this positive development, Ethers derivatives market has shown little excitement.

The SEC reportedly gave preliminary approval to at least three issuers to begin trading spot Ether ETFs on July 23. A total of eight spot Ether (ETH) ETFs are awaiting final regulatory approval after amendments to the funds S-1 filings.

Bitwise Chief Investment Officer Matt Hougan expects Ethers price to reach $5,000 by the end of 2024, citing its low equivalent inflation rate, lack of significant cost for validators, and 28% supply locked in staking.

Given the total crypto market capitalization gained 43% year-to-date in 2024, it is puzzling why Ethers investors lack bullishness, despite the spot ETH ETF momentum. Furthermore, volumes on Ethereum decentralized applications (DApps) rose 7% in the last 30 days to $221 billion, according to DappRadar data. In comparison, competitor BNB Chain saw a 25% decline in activity, while Solana experienced a 16% drop in volumes.

In terms of DApps deposits, the Ethereum network remains the leader with 17.5 million ETH in total value locked (TVL), equivalent to $59.8 billion, according to DefiLlama data. This metric remained flat from the prior month, while competitors Solana and BNB Chain hold approximately $4.8 billion each.

Additionally, activity in Ethereums layer 2 ecosystem increased, with the aggregate native TVL rising by 8.5% over the past 30 days to $14 billion, according to L2Beat data. Thus, Ethereum onchain data shows no signs of weakness.

From a macroeconomic perspective, the latest US Producer Price Index was 2.6% above the prior year, slightly above the market consensus of 2.3%. This indicates that the US Federal Reserve (Fed) still has work to do to curb inflation, meaning price pressure will continue to hurt demand for a while.

Moreover, Chinas disappointing 4.7% yearly gross domestic product growth could spell trouble for global stock markets.

Additionally, the US Department of Labor reported 243,000 initial jobless claims were filed in the week ending July 13, the highest level since August 2023. The signs of a cooling labor market increase the odds of the US Fed cutting interest rates over the next couple of months, according to Goldman Sachs chief economist Jan Hatzius, as reported by Yahoo Finance.

There is no indication that investors are exiting risk markets, which is evident as the S&P 500 index is only 2% below its all-time high from July 16. Meanwhile, Ethers price needs to gain 43% to surpass the $4,868 mark set in November 2021.

To assess whether crypto traders are gaining confidence, one should analyze the Ether futures premium. In normal markets, these contracts should trade 5% to 10% higher than regular spot markets to account for their extended settlement period.

Related: Bitcoin ETFs have 4-8X more BTC price influence than miners Research

The Ether fixed-month contracts annualized premium, or basis rate, currently stands at 11%, indicating moderate optimism. However, this indicator has not sustained levels above 12% for the past month, which is somewhat concerning given the potential inflows from the upcoming spot ETF launch in the US. For comparison, Bitcoins (BTC) basis rate also stands at 11%, indicating there is no excessive bullishness among Ethereum investors.

Ether bulls might argue that the current lack of confidence leaves room for a surprise if the expectation of strong spot ETF net inflows is confirmed. Still, given that Ethers price failed to rally despite a bullish scenario for risk-on assets, the ETH derivatives metrics point to investors lack of appetite, making a bull run above $4,000 less likely.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Spot Ethereum ETFs are coming, but ETH derivatives markets are flat - Cointelegraph

Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day – PCWorld

July 18, 2024 | Author: admin

If you want to keep your documents and pictures absolutely secure, the Kingston IronKey Vault Privacy 50 flash drive is now available for just $140, down from its $220 MSRP, the best price weve ever seen for this 256GB drive.

Ive been a tech writer for many years now, and quite a few of those years have been spent looking for the best tech deals around because who wants to pay full price? So, finding this Kingston flash drive that takes security seriously for such a good price was a cha-ching moment.

The Kingston IronKey Vault Privacy 50 is FIPS 197 certified, so you can trust that your data is securely encrypted. This model uses unbreakable 256-bit encryption plus Kingstons extra protections against brute force and BadUSB attacks.

The flash drive also allows you to enable Admin, User, and One-Time recovery passwords. Admins can set up passwords for users, giving them access to permitted content only. If the users password is entered incorrectly ten times in a row, theyll be locked out.

The Admin password, however, is more importantif the Admin password is entered incorrectly ten times in a row, the drives contents are crypto-erased, making them impossible to recover.

With read speeds up to 250MB/s and write speeds up to 180MB/s, this thumb drive ensures quick file transfers, saving you time and hassle.

Whatever files you need to keep secure, the Kingston IronKey Vault 50 is a solid solution, especially when its more affordable than ever before so snatch it for $80 off on Amazon before this deal runs out.

Since this is a Prime deal, youll need an Amazon Prime subscription to access the discount. If youre not yet a member, you can start a 30-day free trial for this discount and thousands of others. Plus, make sure to check out our extensive Prime Day coverage to find even more gems!

More Prime Day 2024 deals

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Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day - PCWorld

UCLA Team Creates Optical Computing Method for Processing and Encryption – All About Circuits

July 18, 2024 | Author: admin

UCLA researchers have unveiled a new optical computing method that can replace traditional techniques for performing permutation operations. The proposed technique effectively performs an optical permutation leveraging only passive hardware, removing the need for advanced signal processing and potentially saving power.

Optical computing is not an inherently new concept, with researchers in academia and industry working toward more efficient and high-performance optical devices. The UCLA device, however, uses multiple layers of passive diffraction materialsto encrypt a signal before transmission.

The UCLA researchers designedmultiple layers of diffraction materials, each optimized with different phase values to focus the light at distinct points. The resulting output beams appeared shuffled compared to the input, requiring an inverse operation before the data could be used.

In addition to its optimized diffraction materials, the device enabled each layer to be rotated, further increasing the number of permutation states available. As a result, incident light rays could be permuted without consuming any electronic computing resources.

A similar concept exists in quantitative phase imaging, where image information is stored in the phase instead of the amplitude of the light rays. Applied to encryption, the optimized UCLA devices can not only shuffle data but alsorecover that same data by applying the inverse transform upon reception.

A permutation operation takes an ordered set of data, like an image or bitstream, and shuffles its members into a new set of data. While the new set still contains the same information that can be easily recovered by applying an inverse permutation, it becomes extremely difficult to recover any useful information without knowing the details behind the original permutation.

Inan image, the permutation operation will effectively shuffle each individual pixel while remaining within the same bounds of the image. So, while each pixel remains at the same magnitude and color in a different location, the resulting image after permutation appears to contain no useful information. This is a basic form of encryption and allows secure messages to be sent between parties who know the details behind the permutation.

Traditionally electronic hardware or software achieve this permutation. In the case of software, the CPU can manually shuffle data given the permutation matrix, all the while consuming power and occupying a CPU core. Hardware-based permutation is much faster, but still takes some timeto shuffle the input data. A method of performing a permutation in the optical domain, as the UCLA researchers pursued,can save power and speed up the operation.

Although the UCLA device is still in its infancy, the preliminary results show potential use cases, from telecommunications to data security. Furthermore, if the inverse permutation can be applied in the optical domain as well, the UCLA diffraction-based permutation could enhance securityas a physical encryption/decryption key pair.

While optical computers may not replace traditional computers in every setting, with the help of researchers like those at UCLA, optics-based computers are slowly becoming more applicable to engineering applications.

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UCLA Team Creates Optical Computing Method for Processing and Encryption - All About Circuits

Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 – openPR

July 18, 2024 | Author: admin

The global homomorphic encryption market is anticipated to grow at a CAGR of 8.3% during the forecast period. The increasing amount of data and the growing complexity of problems has resulted in an ever-growing reliance on cloud computing, which is projected to lead to the increasing use of homomorphic encryption. Homomorphic encryption elevates the bar of solutions by adding confidentiality of data during processing and allows computation of fully encrypted data without the need for decryption, thus fully preserving privacy. For instance, in 2021, nearly 847,376 complaints of data breaches were reported, which was a 7% increase from 2020. Among the 2021 complaints received, ransomware, business e-mail compromise (BEC) schemes, and the criminal use of cryptocurrency is among the top incidents reported, according to the Federal Bureau of Investigation.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/homomorphic-encryption-market

Furthermore, funding, investment, and collaborative strategies adopted by key players such as IBM Corp, Intel Inc., Microsoft, and others drive the market growth. For instance, in April 2021, Nasdaq developed new extensions of the 3rd generation Intel Xeon Scalable processor's instruction architecture to significantly accelerate the homomorphic encryption applications. Nasdaq expects to achieve 100x performance gains in 2021 based on a joint research and innovation initiative with Intel. The proofs of concept carried out by Nasdaq are testing the fully homomorphic encryption in the fight against financial crimes, particularly money laundering and fraud detection, using proprietary data while complying with privacy laws. Moreover, in October 2021, Cornami completed an early close to its currently over-subscribed $50M Series C financing led by SoftBank Vision Fund 2 to bring Fully Homomorphic Encryption (FHE) to market. With the advent of FHE in cloud-computing security it allows for extracting valuable data analytics without ever decrypting the data to expose the underlying plaintext data, whether it is sensitive intellectual property (IP), financial information, personally identifiable information (PII), intelligence insight, or beyond. FHE is a significant and critical technology to enable security across the enterprise, industry, fintech, healthcare, academia, and government markets.

Global Homomorphic Encryption Market Report Segment

By Component

Solution Services

By Type

Partially Homomorphic Encryption Somewhat Homomorphic Encryption Fully Homomorphic Encryption

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Secure Data Computation Data Privacy Data Monetization Regulatory Compliance

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BFSI IT and Telecom Health Care Government Educational Institutes Others (Manufacturing, Energy and Utilities)

A full report of Homomorphic Encryption Market available @ https://www.omrglobal.com/industry-reports/homomorphic-encryption-market

Homomorphic Encryption Market Report Segment by Region

North America

United States Canada

Europe

Germany United Kingdom France Spain Italy Rest of Europe

Asia-Pacific

China Japan India Rest of Asia-Pacific

Rest of the World

Middle East & Africa Latin America

Company Profiles

Apple Inc. Cornami, Inc. Cosmian Tech CryptoExperts SAS Desilo Duality Technologies Inc. Enveil, Inc. Inpher Netskope Inc. Nvidia Corp. ShieldIO

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Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404 Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

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Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 - openPR

certSIGN has provided encryption solutions to the EU Agency for the Space Programme (EUSPA) – Business Review

July 18, 2024 | Author: admin

certSIGN, a Romanian IT&C company and the leading manufacturer and developer of cryptographic solutions in Romania, announces the successful completion of the PKI project acceptance for the EU Agency for the Space Programme (EUSPA) to provide Public Key Infrastructure (PKI) solutions for Galileo, Europes Global Navigation Satellite System. The project, which has been carried out under the Galileo programme funded by the European Union, was awarded to certSIGN following a public tender organized at the end of 2022 and it is valued to approximately 2 million euros.

We are thrilled about the opportunity to collaborate with EUSPA and provide reliable and secure PKI solutions to protect communications within Galileos Open Service Navigation Message Authentication. PKI technology is at our companys core, our PKI and data encryption solutions are highly secure, and the awarding of this project to certSIGN acknowledges this. At the same time, we are glad that we have the opportunity to support EUSPA in the continuous innovation and development of new solutions whose final beneficiaries are the users of the EU space programmes around the world, stated Adrian Florea, CEO of certSIGN.

certSIGN has implemented PKI systems for Galileo through two authority certificates Root Certification Authority (RCA) and Subsidiary Certification Authority (SCA), which will have the role of protecting the Public Key material provided as part of Galileo OSNMA service (https://www.gsc-europa.eu/galileo/services/galileo-open-service-navigation-message-authentication-osnma ).

During the project, certSIGN has provided services related to the design, development, delivery, installation, integration, and validation of the PKI systems, as well as PKI policies and procedures. The PKI system provides the necessary mechanisms to ensure the integrity, confidentiality, and authenticity of electronic data for the Galileo OSNMA service.

The implementation of the PKI systems will be followed by a 12-month warranty and maintenance period.

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certSIGN has provided encryption solutions to the EU Agency for the Space Programme (EUSPA) - Business Review

Ethereum co-founder’s warning against ‘pro-crypto’ candidates: ‘Are they in it for the right reasons?’ – TechCrunch

July 18, 2024 | Author: admin

Vitalik Buterin, the co-founder of Ethereum, issued a warning on Wednesday against choosing a candidate purely based on whether they claim to be pro-crypto. In a blog post, Buterin said its more important to scrutinize a candidates broader policies to ensure they support cryptocurrencys underlying goals, including internationalism and protection for private communications.

If a politician is pro-crypto, the key question to ask is:Are they in it for the right reasons?, wrote Buterin.Do they have a vision of how technology and politics and the economy should go in the 21st century that aligns with yours?

Though Buterin does not mention any politicians or crypto investors by name, his comments come just one day after Marc Andreessen and Ben Horowitz threw their support behind former President Donald Trump in the 2024 Presidential election. The founders of Andreessen Horowitz noted on their podcast yesterday that Trumps crypto regulation plan is a flat-out blanket endorsement of the entire space. The influential venture capitalists join the ranks of other notable Silicon Valley players, including Elon Musk, who endorsed Trump in the last week.

Further, Ethereums co-founder made the case that signaling you broadly support any pro-crypto candidates could incentivize politicians to promote the cause in bad faith. Buterin notes that authoritarian leaders, particularly in Russia, have claimed to support crypto in an effort to consolidate power.

It doesnt matter if they also support banning encrypted messaging, if they are a power-seeking narcissist, or if they push for bills that make it even harder for your Chinese or Indian friend to attend the next crypto conference all that politicians have to do is make sure its easy for you to trade coins, said Buterin.

The co-founder of Ethereum suggested to look into a crypto-friendly politicians views on crypto five years ago. He says this can serve as a guide for whether the politician may reverse their position five years in the future.

Notably, former President Trump starkly opposed decentralized tokens five years ago. In a tweet from July 2019, Trump said hes not a fan of Bitcoin and other Cryptocurrencies, which are not money. In a follow-up tweet, he said we have only one real currency in the USA, referring to the United States dollar.

But in May, Trump completed a total flip-flop on his stance regarding cryptocurrencies, becoming the first major presidential candidate to accept bitcoin donations. The Wall Street Journal reports that Trumps crypto fundraising efforts have collected $3 million worth of donations in the second quarter.

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Ethereum co-founder's warning against 'pro-crypto' candidates: 'Are they in it for the right reasons?' - TechCrunch

Ethereum price today: ETH is up 44% year to date – USA TODAY

July 18, 2024 | Author: admin

What is the current price of ethereum?

The price of ethereum, or 1 ETH, traded at $3,448.06, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024.

The return comparisons are as of 8 a.m. ET.

Although ethereum is not the first altcoin, its the most popular and successful. The cryptocurrency was launched in 2015. Its blockchain has generated tremendous growth and returns over the past nine years.

*The chart above is pulling data as of 8 a.m. ET daily and doesnt display intraday highs or lows.

Ethereums 52-week intraday high was on March 12, 2024, trading at $4,088.00 per ETH. Its 52-week intraday low was $1,500.00 on Aug. 17, 2023.

The leading altcoin has shifted global financial markets and amassed a global market capitalization of $414.65 billion. ETH is currently up 82% year over year.

Today, ethereum's $414.65 billion market capitalization is second to bitcoin's. Together, bitcoin and ethereum represent 71% of the entire cryptocurrency market. While ethereum is the leading altcoin, other altcoins have relatively high market capitalizations. A few include solana with a market cap of $93.32 billion, XRP at $61.31 billion and everyones favorite meme coin DOGE at $18.02 billion.

Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.

Ethereum's market cap of $414.65 billion is similar to some major blue-chip stocks, such as UnitedHealthcare Group (UNH) at $464.21 billion and Mastercard (MA) at $405.70 billion.

Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.

Unlike bitcoin, ethereums programmable blockchain allows users to securely verify and execute code, including smart contracts and decentralized applications. Smart contracts on the ethereum network are software applications that run automatically on the blockchain when certain predetermined conditions are met.

The ethereum network's decentralized nature allows developers to run programs without relying on Big Tech companies or other third parties. Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum's large network of small, private computers.

Applications on the ethereum blockchain include gaming, socializing, gambling and decentralized finance options. The ethereum blockchain is also home to the world's most significant nonfungible tokens. NFTs are unique digital creations representing ownership of digital property, such as a work of art, song or video.

Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.

The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.

Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.

The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.

CME Group's announcement that it would launch bitcoin futures contracts drove ethereums 2017 rally. They were the first cryptocurrency-related products offered by a regulated U.S. financial institution.

Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.

The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple government stimulus checks also left many Americans with extra disposable income to buy crypto.

Ethereum prices reached $4,891.70 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. ETH prices dipped below $900 during the 2022 crypto winter.

The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commissions approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices.

On May 23, 2024, the SEC approved applications to allow the CBOE, Nasdaq and NYSE to list ether ETFs. The decision affects funds proposed by the following fund houses: Fidelity, Ark 21 Shares, Grayscale, BlackRock, Franklin, Invesco and VanEck.

Since ethereums launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.

The past years enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 117% year over year, compared to an 82% gain for ethereum.

You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Robinhood, Interactive Brokers and Webull.

In addition, you can buy ethereum through leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.

Anyone buying ethereum directly must store their ETH in a cryptocurrency wallet. This is much like storing paper money in a physical wallet.

Private keys are needed to send or receive cryptocurrency in a digital wallet. The person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.

Ethereum wallets can be hardware wallets resembling USB sticks or software wallet apps that store ETH on a smartphone or another device. Hot wallets are connected to the internet, while cold wallets are not. Hot wallets are generally considered more convenient, but cold wallets can be safer and more secure.

In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds.

The SEC approved the first wave of ethereum futures ETFs in late 2023. These ETFs don't invest in ethereum directly but instead hold ethereum futures contracts. Leading ethereum futures ETFs include the VanEck Ethereum Strategy ETF (EFUT), the ProShares Ether Strategy ETF (EETH) and the Bitwise Ethereum Strategy ETF (AETH).

The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. Currently, the fund holds about $11 billion in assets.

In May 2024, the SEC made a landmark decision that would allow ETFs to buy and hold ethereum. A similar decision was made for bitcoin ETFs in January 2024 in terms of spot holdings. The approval of ether ETFs indicates a softening toward some cryptos in their legal fights.

Ethereums all-time intraday high was $4,891.70, which it reached on Nov. 16, 2021.

Ethereum and other cryptocurrencies are extremely volatile. That makes it difficult to predict how its price will behave. Ethereum has performed exceptionally well overall since its launch in 2015. But past performance is no guarantee of future results.

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Ethereum price today: ETH is up 44% year to date - USA TODAY

SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE Arca – Cointelegraph

July 18, 2024 | Author: admin

The United States Securities and Exchange Commission (SEC) approved two spot Ethereum exchange-traded funds (ETFs) Grayscale Ethereum Mini Trust and ProShares Ethereum ETF for listing on the New York Stock Exchanges (NYSEs) Arca electronic trading platform, according to a July 17filing.

The approval of the so-called Form 19b-4 filing authorizes NYSE to facilitate trading of the funds. However, the issuers must still stand by for final comments on the ETFs respective S-1 filings before the spot products can actually commence with listing.

Grayscale is excited to share that the [SEC] has approved Grayscale Ethereum Mini Trusts (proposed ticker: ETH) Form 19b-4, a Grayscale spokesperson said in a statement. The Grayscale team continues to engage constructively with SEC staff, as we seek full regulatory approval for US spot Ethereum ETPs.

Grayscale Ethereum Mini Trust is one of two spot Ethereum ETFs that the crypto investment manager is preparing to list. In May, Grayscale received SEC approval after filing a Form 19b-4 to convert its legacy spot ETH fund, Grayscale Ethereum Trust (ETHE), into an exchange traded fund.

On July 17, Grayscale announced plans to distribute shares of the new Mini Trust to holders of the ETHE fund. The Grayscale Ethereum Trust was first launched in 2017 and was among the first institutional investment vehicles for spot Ethereum.

The SEC reportedly gave preliminary approval to at least three issuers to begin listing spot Ether ETFs as soon as July 23. A total of eight spot Ether ETFs are awaiting a final regulatory greenlight after weeks of back-and-forth dialogues with the SEC and multiple amendments to the funds' S-1 filings.

Related: 21Shares Ether ETF to waive fees for up to 6 months

The ProShares Ethereum ETF has been a relative latecomer in the race, filing its Form 19b-4 roughly three weeks after its peers had already received approval. The ProShares fund is not among the eight expected to list next week.

Magazine: Saudi Arabias Riyadh may be cryptos sleeping giant: Crypto City Guide

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SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE Arca - Cointelegraph

Ethereum price today: ETH is trading at $3,146.73 – USA TODAY

July 18, 2024 | Author: admin

What is the price of ethereum today?

The price of ethereum, or 1 ETH, traded at $3,146.73, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024.

The return comparisons are as of 8 a.m. ET.

*The chart above is pulling data as of 8 a.m. ET daily and doesnt display intraday highs or lows.

Ethereums 52-week intraday high was on March 12, 2024, trading at $4,088.00 per ETH. Its 52-week intraday low was $1,500.00 on Aug. 17, 2023.

The leading altcoin has shifted global financial markets and amassed a global market capitalization of $369.05 billion. ETH is currently up 67% year over year.

Today, ethereum's $369.05 billion market capitalization is second to bitcoin's. Together, bitcoin and ethereum represent 71% of the entire cryptocurrency market. While ethereum is the leading altcoin, other altcoins have relatively high market capitalizations. A few include solana with a market cap of $78.66 billion, XRP at $47.13 billion and everyones favorite meme coin DOGE at $15.35 billion.

Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.

Ethereum's market cap of $369.05 billion is similar to some major blue-chip stocks, such as UnitedHealthcare Group (UNH) at $464.21 billion and Mastercard (MA) at $405.70 billion.

Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.

Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.

The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.

Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.

Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.

Since ethereums launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.

The past years enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 87% year over year, compared to a 67% gain for ethereum.

In addition, you can buy ethereum through leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.

Anyone buying ethereum directly must store their ETH in a cryptocurrency wallet. This is much like storing paper money in a physical wallet.

Private keys are needed to send or receive cryptocurrency in a digital wallet. The person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.

In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds.

The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. Currently, the fund holds about $11 billion in assets.

Ethereums all-time intraday high was $4,891.70, which it reached on Nov. 16, 2021.

No. Since the ethereum network upgraded from a proof-of-work model to a proof-of-stake model, ethereum mining is no longer necessary. But ethereum investors can still profit from the proof-of-stake system by staking ETH.

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Ethereum price today: ETH is trading at $3,146.73 - USA TODAY

Ethereum tops $3.3K as analysts tip ETF approvals this week – Cointelegraph

July 18, 2024 | Author: admin

The price of Ether has topped $3,300 amid anticipation that spot ETH exchange-traded funds (ETFs) could launch as soon as the end of this week.

Ether (ETH) is currently trading at $3,331 and has rallied 16% from a price of $2,909 in the last week, per TradingView data.

Nate Geraci, ETF analyst and president of The ETF Store, took to X with his forecast that the roster of eight spot ETH ETFs will have launched by the end of this week.

Welcome to spot ETH ETF approval week. Dont know anything specific, just cant come up [with] good reason for any further delay at this point, wrote Geraci in a July 14 X post.

In line with Geraci, an anonymous source close to the proceedings told Cointelegraph on July 12 that the spot ETH funds were expected to launch by the end of this week.

Several issuers including VanEck and 21Shares filed amended registrations last week in hopes of receiving the SECs final signoff to begin listing spot Ether ETFs.

Many analysts tip the launch of the ETFs as a major catalyst for the price of ETH in the coming months.

Related: Spot Bitcoin ETFs see highest flow day in over 5 weeks

Tom Dunleavy, a managing partner at crypto investment firm MV Global, told Cointelegraph that he expects the funds toattract up to $10 billion in new inflows in the months following their launch, something that will see Ether prices surge to new all-time highs by the end of this year.

Dunleavy also said, contrary to popular opinion among other ETF analysts, that Ether ETFs would be an easier sell to Wall Street compared to Bitcoin ETFs.

We believe that there will be strong buy pressure with a much more clear narrative that traditional investors can understand. ETH has cashflows. It can be described as a tech stock, the app store of crypto, or an internet bond, Dunleavy wrote in a Q2 investor note given to Cointelegraph.

He added that ETHs price action which has lagged relative to Bitcoin (BTC) for the last 18 months would rebound quickly following the launch of the funds.

Magazine:Ethereums recent pullback could be a gift: Dynamo DeFi,X Hall of Flame

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Ethereum tops $3.3K as analysts tip ETF approvals this week - Cointelegraph

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Spot Ethereum ETFs are coming, but ETH derivatives markets are flat – Cointelegraph

Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day – PCWorld

UCLA Team Creates Optical Computing Method for Processing and Encryption – All About Circuits

Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 – openPR

certSIGN has provided encryption solutions to the EU Agency for the Space Programme (EUSPA) – Business Review

Ethereum co-founder’s warning against ‘pro-crypto’ candidates: ‘Are they in it for the right reasons?’ – TechCrunch

Ethereum price today: ETH is up 44% year to date – USA TODAY

SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE Arca – Cointelegraph

Ethereum price today: ETH is trading at $3,146.73 – USA TODAY

Ethereum tops $3.3K as analysts tip ETF approvals this week – Cointelegraph

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