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news-imageSeptember 25, 2024

Ethereum demand concentrated in a few speculative use cases, CoinShares report finds

The challenge is to foster on-chain utility that adds meaningful long-term value to users, researcher Matthew Kimmell wrote.
Publisher: The Block
Sentiment: Negative
ETH

More News Articles

Neutral
cover-imageCrypto news
September 25, 2024

Bitwise CIO: Ethereum ETFs came too early

Speaking at the European Blockchain Convention, Bitwise CIO Matt Hougan expressed confidence that spot Ethereum ETFs will succeed despite a slow start. Ethereum (ETH) exchange-traded funds may have launched too early, crypto.

Neutral
cover-imageCoindesk
September 25, 2024

Ethereum's Changing Landscape

For investors, ETH's future depends on how Ethereum balances innovation with maintaining healthy economic policy, says Matthew Kimmel, digital asset analyst, CoinShares.

Positive
cover-imageCrypto Economy
September 25, 2024

Altcoins Over Bitcoin? Traders Shift to High-Reward Coins as Ethereum Recovers

TL;DR Shift to Altcoins: As Bitcoin stabilizes, traders are moving to high-reward altcoins, driven by Bitcoin's price stability and the potential for faster profits from smaller coins. Ethereum's Recovery: Ethereum is leading the altcoin resurgence with significant weekly revenues, boosting market dominance and encouraging investment in other promising altcoins.

Positive
cover-imageBenzinga
September 25, 2024

BNY Mellon Gets Exemption From SEC's Controversial Crypto Custody Rule: Will It Challenge Coinbase's Hegemony In Holding Assets For Bitcoin And Ethereum ETFs?

Global financial services company The Bank of New York Mellon Corp. (NYSE:BK) secured an exception from the U.S. Securities and Exchange Commission's (SEC) contentious SAB 121 rule, paving the way for its entry into the lucrative but largely untapped cryptocurrency custody market. What Happened: The regulator did not raise any objections to BNY's plan to safeguard cryptocurrency assets for its exchange-traded product clients, without reflecting these assets on the bank's balance sheet, Bloomberg reported Tuesday.

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