Grayscale Bought $350 Million ETH This Feb

The stock traded Grayscale Ethereum Trust (ETHE) has purchased $350 million worth of eth in the past two weeks. They announced in a filing with the Securities and Exchanges Commission (SEC) that 87,749.87885686 Ethereum, representing $153,732,197, was bought in just four days between February 8th and 11th. The other circa $200 million worth was bought from the first to the […]

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CME Ether Futures Launch Boosted Institutional ETH Investment Inflows

Crypto asset management firm CoinShares says the optimism generated by the launch of Ether (ETH) futures on the Chicago Mercantile Exchange (CME) triggered an influx of institutional funds into the second-largest crypto by market capitalization. Meanwhile, Ethereum recently set a new all-time high above the $1,800 mark with some market analysts indicating that $2,000 is on the horizon. Ether Flips […]

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Grayscale Buys 100,000 ETH

Grayscale has bought 104,990 eth this week since Tuesday, bringing their total holdings to three million eth, worth $5 billion. In just the past four days they’ve bought $177 million worth of eth, an apparent acceleration as in December they were buying about $100 million eth a week. They’ve already doubled that, and a week as measured by Grayscale has […]

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Ethereum (ETH) Miners Earned $3.5M in a Single Hour, A New ATH

In brief: Ethereum miners have earned $3.5 Million in ETH in a single hour This amount is the highest in Ethereum’s history The Ethereum network is also experiencing high gas fees with an average transaction costing $12 High gas fees on Ethereum could cause an exodus by developers and users to other blockchain networks  Ethereum miners have just earned a […]

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$ETH Breaks $1500 Four Days After Grayscale Ethereum Trust Reopens

On Tuesday (February 2), Ethereum (ETH) broke through the $1500 resistance level to set a new all-time high (ATH); interestingly, this came just four days after Grayscale Ethereum Trust resumed the private placement of its shares. According to data by TradingView, on crypto exchange Bitstamp, at 19:55 UTC on February 2, Ether surged past the psychologically important $1500 level for the […]

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Ethereum Mining Revenue Hit 800 Million All-Time-High in January

Ethereum mining revenue generated by miners in January 2021 dwarfed that of 2018. The second-largest crypto in the world has been attracting a lot of interest from the masses of late, thanks to the burgeoning decentralized finance (DeFi) ecosystem as well as the Eth2 staking craze. Ethereum Miners Make a Fortune  The year 2021 is proving to be one of […]

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