Ether
CME Group and CF Benchmarks to Introduce APAC Reference Rates for Bitcoin and Ether
CME Group and CF Benchmarks will launch APAC-specific Bitcoin and Ether reference rates on Sep 11. The rates aim to cater to growing crypto interest in the Asia Pacific, providing daily U.S. dollar values at 4 p.m. HK/SG time.
Web3 Startups Witness 76% Plunge in Venture Funding in Q2 2023
Web3 startups saw a 76% drop in Q2 2023 funding, with only $1.8B raised. Despite VC downturn, Bitcoin and Ether prices surged. Future of Web3 funding remains uncertain.
Coinbase executive discovers ChatGPT jailbreak
Coinbase executive Conor Grogan claims to have found a “jailbreak” for AI tool ChatGPT, allowing it to calculate the probability of strange crypto price scenarios. ChatGPT gave a 15% chance that Bitcoin will fall to irrelevancy by 2035, and a 20% chance of the same for Ether.
US House Committee Chair Criticizes SEC on Digital Assets
US House Financial Services Committee Chair Patrick McHenry criticized the SEC’s approach to digital assets at an oversight hearing, demanding clear rules for crypto through legislation and pressing SEC Chair Gary Gensler for a definitive answer on whether Ether qualified as a security or a commodity.
ETH Price Surpasses $2,000 Despite New Supply After Shapella Update
Despite concerns of a potential dump due to a new supply of Ether hitting the markets after the Shapella update, the price of ETH has surpassed $2,000 and maintains the level. Only around 1% of staked ETH may hit the market after Shapella, according to crypto analytics firm Glassnode. Crypto exchanges have expressed support for ETH unstaking.
Ether Surges to Over $1,900 Ahead of Staking Withdrawals
Ether breaks $1,900 for the first time in over seven months, ahead of the Ethereum Shanghai hard fork that will allow stakers to withdraw their ETH. The recent price increase may be driven by expectations of the Federal Reserve easing its quantitative tightening efforts and increased demand for Ether due to more flexible staking options.
Swiss Retail Bank to Offer Cryptocurrency Services
PostFinance has partnered with Sygnum to offer customers cryptocurrency trading and storage services, including Bitcoin and Ether.
Playboy loses $4.9 million on NFT holdings
PLBY Group, the parent company of Playboy, has disclosed significant losses on the Ether holdings it earned from an NFT collection it launched in late 2021.
Bitcoin Prices Hold Tight above $20K Level, But Downsides Still Imminent
Bitcoin is still at risk due to bad economic news such as inflation data, and Federal Reserve meetings, among others.
Ethereum Slips Below $1,350 as Total Liquidation Hit $300 Million in 12 Hours
Ethereum has not been able to get the right footing since the much-anticipated Merge went live on September 15.