Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says
“Every time ETH gas fees have dropped to rock bottom, it has often signaled a price bottom in the mid-term,” one market watcher said.
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“Every time ETH gas fees have dropped to rock bottom, it has often signaled a price bottom in the mid-term,” one market watcher said.
Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator dubbed SunPump.
South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.
Filings show he has over $1 million in Ether.
Other exchanges have also withdrawn their applications, but some have re-filed.
Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.
Robin Linus, at the Bitcoin Nashville conference in July (Bradley Keoun)
The blame this time can’t be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.