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Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise


Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June....

Ether ETFs Gain While Bitcoin ETFs Take a $438M Punch – Crypto Markets Reel


The 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced a challenging Monday, with outflows reaching $438.38 million during the day’s trading. Bitcoin ETFs Bleed $438M in a Single Day as Crypto Prices Plunge. As the crypto market faced a general downturn and bitcoin (BTC) prices...

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions


Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity.The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in...

Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall


ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways...

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