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Ethereum News
Jason Hamlin, Ecosystem InsightsWhile the amount of ETH locked in DeFi protocols is up 75% since the start of 2020, the sum of Ether held on centralized exchanges has fallen by 30% over the same period. $ETH cointelegraph.com/news/almost-twice-as-much-eth-locked-in-defi-as-on-exchanges-glassnode
Ethereum News
Jason Hamlin, Ecosystem InsightsInstitutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares. Ethereum also had record trading volume yesterday, May 4th, with roughly $87B in futures and $15B in spot trading. $ETH cointelegraph.com/news/institutional-managers-hold-a-record-13-9b-worth-of-ethereum
Ethereum News
Jason Hamlin, Ecosystem InsightsEthereum, the second-largest cryptocurrency by market capitalization, went above $3,000 Sunday for the first time in history. It has continued climbing and setting fresh highs, currently above $3,070. It is up more than 300% for the year so far, easily outpacing a 95% rise in the more popular bitcoin. Investors are betting that ether will be of ever greater use in a decentralized future financial system. $ETH www.reuters.com/technology/ethereum-breaks-past-3000-2021-05-03/
Ethereum News
Jason Hamlin, Ecosystem InsightsEthereum climbed above $2,700 during early Asian trading on Wednesday, April 28, marking a new peak price. This is partially driven by news that the European Investment Bank is launching a “digital bond” sale using the Ethereum network. The EIB is issuing a two-year 100 million Euro ($US120.8 million) digital bond, with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale. $ETH Read More: cointelegraph.com/news/ethereum-on-a-high-after-european-investment-bank-s-121m-digital-bond-news
Ethereum News
Jason Hamlin, Ecosystem InsightsPurpose Investments and CI Global Asset Management both received approval to launch an Ethereum exchange-traded fund (ETF) in Canada. The approval comes just over two months after Canada approved its first bitcoin ETF. $ETH www.coindesk.com/purpose-investments-gets-approval-to-launch-first-ether-etf-in-canada
Ethereum News
Jason Hamlin, Ecosystem InsightsRothschild Investment Corporation recently bought 265,302 shares of the Grayscale Ethereum Trust, its first investment in the vehicle. The institutional investment manager also increased its position in Grayscale Bitcoin Trust by just under 8,000 shares to 38,346 shares, up from the 30,454 shares it reported holding at the end of 2020. $ETH www.coindesk.com/rothschild-investment-buys-4-75m-initial-stake-in-grayscale-ethereum-trust
Ethereum News
Jason Hamlin, Ecosystem InsightsEthereum’s Berlin hard fork went live at block 12,244,000 today. The Berlin hard fork is a network upgrade that incorporates four Ethereum Improvement Proposals (EIPs) aimed at gas efficiency and improved security. The upgrade is a stepping stone to the much bigger London hard fork, which will activate EIP 1559, a momentous (and controversial) change to Ethereum’s fee structure. $ETH Read More: www.coindesk.com/berlin-hard-fork-is-now-live-on-ethereum
Ethereum News
Jason Hamlin, Ecosystem InsightsThe Ethereum price hit a new all-time high around $2,080 this morning. Recent bullish news has helped push ETH to new highs, including Visa starting to use its network to settle USDC transactions, Mark Cuban revelating he owns a significant amount of ETH, new stimulus in the United States, and upcoming protocol upgrades. $ETH www.theblockcrypto.com/linked/100348/eth-price-2000-all-time-high
Ethereum News
Jason Hamlin, Ecosystem InsightsVisa now settles payments in the USDC stablecoin on the Ethereum blockchain. Visa is initially working with Crypto.com for the new service. $ETH www.theblockcrypto.com/post/99639/visa-now-settles-payments-in-usdc-stablecoin-ethereum
Ethereum News
Jason Hamlin, Ecosystem InsightsEthereum co-founder, Vitalik Buterin, believes the network is on the verge of scaling by a factor of 100, predicting the Optimism will release its layer-two solution in the coming weeks. $ETH cointelegraph.com/news/solution-to-scale-ethereum-100x-is-imminent-and-will-get-us-through-until-eth2-vitalik