Grayscale Ethereum Trust plunges 50% as institutional investors dump sharesBTC $9291 (-3.6%) • ETH $235 (-3.6%) • XRP $0.18 (-2.6%)
In May and early in June, the second flagship fund of Grayscale Investments, the Ethereum Trust, saw a surge in demand. Shares of the trust (ETHE) traded on OTC markets reached an extremely high value as retail investors piled in. At one point, buyers of the trust were buying exposure to ETH at an implied market capitalization of $230 billion — more than that of BTC.
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The recent growth of the DeFi sector has primarily been driven by the recent launch of Compound, which has seen massive inflows of capital and new users due to the bourgeoning “yield farming” trend. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. After sending a coin up 10,000%, 4chan is obsessed with Ethereum DeFi again
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Cryptocurrency firms, presumably burnt by the crashing ship that were ICOs, are turning to traditional methods to raise funds and keep themselves in business. Chainlink sets fresh all-time highs on news of Chinese oracle integration
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Ask anyone about Bitcoins or the broader cryptocurrency market, and they are likely to call it thin air, manipulative, or even rat poison. Bitcoin whale activity suggests July could be a great month for BTC
Data regarding activity surrounding Bitcoin miners offers investors significant insight into the benchmark cryptocurrency’s market conditions. This top-30 altcoin is integrating with Chainlink (LINK) for bolstering smart contract ecosystem
Chainlink’s oracles and smart contract technology is seeing a marked surge in adoption and demand in 2020. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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quarta-feira, 24 de junho de 2020
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Grayscale Ethereum Trust plunges 50% as institutional investors dump shares