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Since the start of October, there's been a notable divergence between the betting markets and the polls. Where do election odds stand in betting markets now? What's going on with the 'Trump whale' in the betting markets? Is the $30 million 'Trump whale' an influence campaign? Because the betting markets are relatively illiquid, a $30 million bet can have a big influence on moving the odds in favor of Trump.
Persons: Harris, , Donald Trump, Kamala Harris, there's, Will Donald Trump, Polymarket, Peter Thiel, ethereum's, Vitalik Buterin, Joe Gebbia, Trump, Kalshi, What's, Michie, Arkham, Adam Cochran, Cochran, Elon Musk, Mitt Romney, Barack Obama Organizations: Trump, Service, Street, Arkham Intelligence, Republican Locations: Polymarket, Crunchbase, Wisconsin , Michigan, Pennsylvania, Nevada
Ether, the second largest cryptocurrency by market cap, is nearly 50% off its all-time high. The ETH/BTC ratio, a sentiment indicator reflecting the relative value of ether compared with bitcoin, is at its lowest level since April 2021. "Bitcoin has a very well established use case, which is a store-of-value currency," said Julio Moreno, head of research at CryptoQuant. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. However, ether supply has been rising at a fast pace this year, and is on track to resume its pre-Merge levels in the next three months, according to CryptoQuant.
Persons: Ethereum, bitcoin's, hasn't, David Duong, Mike Colonnese, Wainwright, Julio Moreno, Vitalik Buterin, Duong, — CNBC's Michael Bloom Organizations: ETH, BTC, H.C, Citi, Lightning, Coinbase's Locations: Solana
Alexis Ohanian said his early investment in Ethereum's pre-token sale is now worth $17.1 million. The Reddit cofounder called it his best-ever investment. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! In a podcast interview with venture capitalist Harry Stebbings, the Reddit cofounder said that he made millions from investing early in Ethereum.
Persons: Alexis Ohanian, Ohanian, , Harry Stebbings Organizations: Service, Business Locations: Ethereum's, Zenefits, Ethereum
Ether ETFs officially began trading in the U.S. on Tuesday, putting the world's second largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers like BlackRock and Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets into mainstream finance. The ether ETFs are widely expected to be smaller than the bitcoin funds, both because of the relative size of the two markets and the fact that ether may not be as familiar to many investors. The ether ETFs also do not offer staking, which is a process that can give crypto-native investors additional yield. Both the cheapest and most expensive funds come from Grayscale, which is effectively converting its multi-billion dollar private ether fund into two ETFs with different price points.
Persons: Jay Jacobs, Sam Callahan Organizations: Fidelity, Swan Locations: U.S, BlackRock
Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.
Persons: , bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business
Bitcoin's blockchain is slowly becoming more than just a buy-and-hold platform. Ethereum underwent a similar trend, leading to its massive rally in 2021, Bitget CEO Gracy Chen told Business Insider. Advertisement"The Ordinals protocol enabled the growth of memecoins on the bitcoin blockchain, leading to a surge in liquidity within the BTC ecosystem in record time. That's based on the Total Value Locked, or the amount of assets staked on the bitcoin protocol. However, even a twofold weaker surge could still result in a fivefold increase in the leading cryptocurrency's value," Chen wrote in a note.
Persons: Gracy Chen, , Chen, That's, ethereum, Mining Brian Wright, there's Organizations: Ethereum, Service, BTC, ETH, cryptominers, Mining, Galaxy Locations: memecoins, bitcoin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ether's supply is growing again and what it means for investors: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Julio Moreno, head of research at CryptoQuant, explains why he believes Ethereum's latest upgrade has made ETH inflationary once again.
Persons: explainers, Julio Moreno, Ethereum's Organizations: CNBC Crypto, CNBC
The Ethereum network successfully completed its "Dencun" upgrade on Wednesday, which is meant to help it become faster and cheaper to use. The price of ether has been trading lower since then, which was expected based on the cryptocurrency's behavior following previous tech upgrades. "High activity on the Ethereum network has caused high transaction fees and, consequently, more fees burnt," Julio Moreno, CryptoQuant's head of research, said in a note Wednesday. High transaction activity causes network fees to spike, more fees being burnt and total supply to decrease." They're hoping that the combination of increased activity and the decrease in the supply of ether over time will push the token's price higher.
Persons: CryptoQuant, Julio Moreno, CryptoQuant's, William Ogden Moore Organizations: ETH, They're, bitcoin, Securities and Exchange Locations: Dencun, Solana, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether fall as investors press pause on rally: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew O'Neill, managing director and co-chair of S&P Global's Digital Assets Research Lab, explains the significance of Ethereum's Dencun upgrade and the impact of the upcoming bitcoin halving event on miners.
Persons: explainers, Andrew O'Neill Organizations: CNBC Crypto, CNBC, Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect consolidation among bitcoin miners post-halving: S&P Global's Andrew O'NeillAndrew O'Neill, managing director & co-chair of S&P Global's Digital Assets Research Lab, explains the significance of Ethereum's Dencun upgrade and the impact of the upcoming bitcoin halving event on miners.
Persons: Global's Andrew O'Neill Andrew O'Neill Organizations: Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther dips 0.5% after rollout of network's biggest tech upgrade in nearly a year: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tom Schmidt, partner at the crypto VC and research firm Dragonfly, explains how Ethereum's Dencun upgrade helps with scalability. He also weighs in on what's moving markets as bitcoin has been surging to new all-time highs.
Persons: explainers, Tom Schmidt Organizations: CNBC Crypto, CNBC
How Ethereum's Dencun upgrade helps with scalability
  + stars: | 2024-03-13 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Ethereum's Dencun upgrade helps with scalabilityTom Schmidt, general partner at the crypto venture capital and research firm Dragonfly, explains how Ethereum's Dencun upgrade helps with scalability. He also weighs in on what's moving crypto markets as bitcoin has been surging to new all-time highs.
Persons: Tom Schmidt
Relative to bitcoin , the initial price action following the upgrade is even weaker historically, with ether underperforming 80% of the time in the first 20 days, Saunders added. Saunders warned, however, that the trading environment for crypto is different today than it was during previous Ethereum network upgrades. The scalability problem Dencun follows the "Shapella" upgrade from almost a year ago, which allowed investors to withdraw their staked ether from the network for the first time. This upgrade is focused on the longer-term goal of enhancing Ethereum's ability to handle more activity and transactions as the network grows. "The Dencun upgrade serves as an important step in addressing this congestion, which hurts users and developers alike."
Persons: Alex Saunders, Saunders, Philipp Zentner, bitcoin –, Duncan Ash, Michael Bloom Organizations: BTC, Citi, ETH, Metrics, Securities and Exchange Commission Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin prices recover after retreating from new record: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Dixon, founder and managing partner of a16z crypto, discusses his new book on blockchain technology, blockchain use cases and Ethereum's next big upgrade from ETHDenver.
Persons: explainers, Chris Dixon Organizations: CNBC Crypto, CNBC Locations: ETHDenver
The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. "Today is settlement day for bitcoin futures, which is contributing to the price jump we're seeing," said Ryan Rasmussen, analyst at Bitwise Asset Management. "We're approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. Bitcoin traded flat in the week leading up to Monday, when the breakout began, and put it on track for a 27% monthly gain.
Persons: cryptocurrency, bitcoin, Ryan Rasmussen, Ether, Solana, Polygon's, Microstrategy, Bitcoin, Owen Lau, Oppenheimer, JPMorgan's Nikolaos Panigirtzoglou Organizations: Metrics, Bitwise Asset Management, JPMorgan, CNBC PRO Locations:
REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Dec 1(Reuters) - The Ethereum blockchain's historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions of Honduras, a University of Cambridge study showed on Friday. From its launch in 2015 until the Merge, Ethereum's greenhouse gas emissions totalled 27.5 million tonnes carbon dioxide equivalent (MtCO2e), the study showed. Its current yearly emissions are around 2.8 kilotonnes carbon dioxide equivalent, the study found - around the same as five round-trip flights from London to New York. It is generally thought that blockchain is "a highly emitting technology," said Anna Lerner, executive director at the Ethereum Climate Platform, an organisation that seeks to use blockchain tech to accelerate climate finance. The annual emissions of Bitcoin, the largest blockchain and cryptocurrency, are therefore roughly equivalent to those of Cambodia in 2020, according to Climate Watch.
Persons: Dado Ruvic, Anna Lerner, Ethereum, Alexander Neumueller, Neumueller, Tom Wilson, Alexandra Hudson Organizations: REUTERS, University of Cambridge, Global, Climate Watch, Reuters, Alexandra Hudson Our, Thomson Locations: Honduras, Dubai, London, New York, Bitcoin, Cambodia
BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Earlier this year, BlackRock registered a bitcoin trust in the same manner and a week later filed an application with the SEC to launch a spot bitcoin ETF. BlackRock declined to comment on the trust's creation or on any plans for an ETF filing. To date, roughly a dozen ETF providers have filed to create spot bitcoin ETFs, or convert existing products into spot ETFs, helping fuel the recent rally in the cryptocurrency. Several other ETF providers that have applied for spot bitcoin ETFs also have sought SEC approval for spot ether ETFs, including Ark Investment Management, Invesco and VanEck.
Persons: Brendan McDermid, Bitcoin, Gary Gensler, Suzanne McGee, Ira Iosebashvili, David Evans Organizations: BlackRock, New York Stock Exchange, REUTERS, SEC, U.S . Securities, Exchange Commission, Ark Investment Management, Thomson Locations: New York City, U.S, Delaware
A report out Wednesday argues that the price of the ethereum cryptocurrency may eventually climb as high as $35,000. "Layer 2 scaling solutions … are likely to grow in importance over time, particularly as architecture upgrades expected in early 2024 sharply lower fees on these platforms. ETH.CM= 1Y mountain Ether (ETH) over the past year That valuation assumes future use cases and revenue streams that may not exist yet, Kendrick noted. He highlighted gaming and tokenization of real-world assets as the next big use cases for the network. Standard Chartered expects "significant developments on these fronts by 2025-26," Kendrick said.
Persons: ethereum, Geoff Kendrick, Kendrick, — CNBC's Michael Bloom Organizations: Chartered, ETH Locations: Solana, Cardano, London
Today, the biggest challenge for Buterin and the ethereum community is making sure that it provides actual value to people. Buterin was named the world's youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. And he isn't, according to his own estimation, the be-all and end-all authority on the ethereum network. About the ethereum network, he says, "On the other hand, you've got your laptop. In terms of what's next for ethereum — Buterin says a big priority is focusing on privacy and scalability through zero-knowledge rollups.
Persons: Vitalik Buterin, Buterin, coder, doesn't, Czech Republic Pavel Sinagl, that's, clasped, Buterin wasn't, cryptocurrencies, Sam Bankman, Luna, they're, Dmitry, Vitalik, Dmitry Buterin, ethereum blockchains, you've, Satoshi Nakamoto, ethereum, — Buterin Organizations: CNBC PRAGUE, CNBC, Canadian, U.S . Tornado, Buterin, U.S, Securities and Exchange Commission, SEC, CFTC, People's Bank of China, tinker, Ethereum, Ethereum Foundation Locations: Prague, Russia, Czech Republic, Ukraine, Netherlands, Paralelní Polis, Holešovice, China, U.S, Africa, Argentina, Buenos Aires, San Francisco, CBDCs, Moscow, ethereum, Denver, Paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Deutsche Bank investment banker pleads guilty to crypto fraud: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Brian Mosoff, CEO of Ether Capital, weighs in on a new upgrade for Ethereum's network, which aims to slow down the pace of staking to avoid a surge in gas fees. He also discusses what factors could drive ether's next prolonged rally.
Persons: explainers, Brian Mosoff Organizations: Former Deutsche Bank, CNBC Crypto, CNBC, Ether
Despite ether's recent price action, the network has been thriving since the "merge" – and could just be getting started. Still, market participants are seeing and feeling the success of the Ethereum merge. Here's how Ethereum is doing on some of its post-merge goals: Yields Ether's staking reward reference rate was 5.854% per annum on Sept. 15, 2022, according to Ethereum data provider Beaconchain. The percentage of ether supply being staked has risen from 11.99% on Sept. 15, 2022, to 20.46% on Aug. 30 of this year. Burning fees and decreasing supply Ethereum has a mechanism programmed in to regulate the network's notoriously high transaction fees, called gas fees, by "burning" them.
Persons: Ethereum, it's, Ethereum haven't, Matthew Sigel, Andrew Ballinger, hadn't, Maria Shen, Shen, It's Organizations: Metrics, First, ETH, Electric Locations: Bitcoin, FTX, First Republic, Shanghai, ETH, Solana, Cardano
Liquid staking protocols give investors access to liquidity while staking their funds. In April, the total value locked in liquid staking protocols began outpacing the total value locked in lending protocols and decentralized exchanges, according to DefiLlama. Here's what investors need to know about liquid staking compared to regular staking. It's less risky Like anything in crypto, liquid staking isn't without its risks – primarily technological and regulatory. "Staking as an activity has become too risky and it's a no-brainer for many people who are considering vanilla staking versus liquid staking," said Christine Kim, vice president of research at Galaxy.
Persons: It's, Conor Ryder, Ethereum, stakers, Riad Wahby, Wahby, Christine Kim, Ryder, USDT – Organizations: Silvergate Bank, Ethena Labs, Galaxy Locations: DeFi, Shanghai, Solana, Polkadot
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEY's Paul Brody makes the case for Ethereum in enterpriseCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Brody, global blockchain leader at EY, discusses his new book on how companies can implement Ethereum's blockchain.
Persons: EY's Paul Brody, explainers, Paul Brody Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC delays decision on spot bitcoin ETFs from BlackRock, WisdomTree and more: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Brody, global blockchain leader at EY, discusses his new book on how companies can implement Ethereum's blockchain.
Persons: explainers, Paul Brody Organizations: SEC, CNBC Crypto, CNBC Locations: BlackRock, WisdomTree
July 30 (Reuters) - Cryptocurrency exchange Kraken said on Sunday that issues with cryptocurrency Ethereum's funding gateway have been resolved. "All systems operational," Kraken said on its status page, without giving details on what caused the issue. Kraken had said early on Sunday that it was investigating an issue with the Ethereum funding gateway and that it could cause a delay in deposits and withdrawals. Ethereum is the world's second-largest cryptocurrency. Reporting by Rishabh Jaiswal and Nilutpal Timsina in Bengaluru; Editing by Edwina Gibbs and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
Persons: Kraken, cryptocurrency, Rishabh Jaiswal, Edwina Gibbs, Angus MacSwan Organizations: Thomson Locations: Bengaluru
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