Global #Ethereum

Digital asset manager Bitwise has taken a unique approach to marketing its upcoming Ethereum spot Exchange-Traded Fund (ETF) by allowing its first commercial to be minted as a non-fungible token (NFT).

Ethereum (ETH) is showing signs of bullish momentum as the amount of ETH held on exchanges has plummeted to a multi-year low. This significant decrease in exchange balances indicates a reduced supply of ETH available for selling, suggesting a potential surge in buying pressure and price appreciation.

A significant event is set to unfold in the cryptocurrency market today, as Bitcoin (BTC) and Ethereum (ETH) options contracts worth a staggering $1.96 billion are slated to expire. This expiration occurs during a period of heightened uncertainty and volatility in the crypto market, adding another layer of complexity to the situation.

In a surprising turn of events, Ethereum witnessed a series of long liquidations totaling a staggering $62 million within just 24 hours, sending shockwaves through the cryptocurrency market. This significant liquidation event has sparked discussions and raised questions about the underlying factors contributing to such a substantial sell-off.

The Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has recently expressed its support for Bitcoin (BTC) and Ethereum (ETH) in a research report. The report highlights the growing importance of cryptocurrencies in the global financial landscape and recognizes their potential for future growth.

The cryptocurrency market continues its bearish trend on June 12, 2024, with Bitcoin and major altcoins experiencing further declines. However, the meme coin PEPE is defying the trend, showing a significant price rally.