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Australia's First Ethereum ETF Imminent: Monochrome ConfidentAustralian asset management firm Monochrome Asset Management is confident in its application for a spot Ethereum Exchange Traded Fund (ETF), which is poised to become the first ETF in Australia to directly hold Ethereum. The company announced on September 5th that it had submitted a listing application for the Monochrome Ether ETF (IETH) to Cboe Australia, with plans to complete the listing by the end of the month

Etheism: A New Era of ERC-20 Tokens Merging Art and CodeOn September 5th, Etheism, a novel token protocol within the Ethereum ecosystem, made its debut, launching its token "E" at 2 am. The token surged to nearly $5,000, igniting the market

Bitcoin Struggles, but Signs of a Breakout Emerge: Is the Market Ready to Turn?While Bitcoin prices continue to fluctuate within a narrow range, on-chain analysis reveals that trading activity on the Bitcoin network has reached a three-year low, suggesting waning interest in the network. However, some analysts believe this could mean a significant breakout is imminent

Has the Crypto Market Bottomed Out? Opportunities Hidden Behind August's CorrectionAugust was undoubtedly a tough month for the crypto market, with Bitcoin (BTC) experiencing a 30% correction, from its high of $70,000 to a low of around $49,000. However, analysts predict that the decline below $50,000 may mark the bottom of the correction, with improvements expected in the final quarter of 2024

New York Market Bitcoin Futures Update: CME Price Fluctuations and Economic News CrosscheckIt is worth noting that at 18:05 Beijing time, Bitcoin price once hit a new low of USD 58,000, which triggered widespread market attention. This price fluctuation not only reflects the general market concern about cryptocurrencies, but also reflects the complexity and uncertainty of the cryptocurrency market

Ethereum (ETH/USDT) 1-Hour Chart Recap Analysis: Oscillation and Game Theory Within a Downward TrendThis article will provide a recap analysis of the Ethereum (ETH/USDT) 1-hour chart, discussing the overall trend and market structure based on support and resistance levels depicted in the chart. This analysis will provide strategic insights for short-term trading

The Bitcoin President: Trump and the Political Game of CryptocurrenciesThe 2024 US presidential election has seen an unexpected player take center stage cryptocurrencies. Republican presidential candidate Donald Trump has released a video on social media, declaring his intention to make America the "crypto capital of the world" and branding himself as the "Bitcoin President

Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election OutcomeBitcoins weak trading pattern is likely to persist for another month as crypto traders await clarity on the Federal Reserves interest rate cuts and the upcoming presidential election. August was a rough month for crypto, with Bitcoin dropping 10

Ethereum's "Winter": Can the Flames Reignite Amidst Doubts?Ethereum has recently become a focal point of various discussions and controversies, prompting even its founder, Vitalik Buterin, to publicly address concerns and the Ethereum Foundation to issue statements in response to community anxieties. This isn't baseless; Ethereum's underperformance during the current bull market has raised doubts about its position as the "King of Blockchain

ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline

Bitcoin Drops Below $65,000, Fear Grips the Market: Is it Time to Buy the Dip?Although the overall crypto market has been relatively subdued since the start of this bull run, except for Bitcoin and a few mainstream tokens, optimism in the market is rising with the Federal Reserve expected to enter a rate-cutting cycle. This has fueled anticipation of an upcoming bull run

Gold Prices Hit All-Time Highs, Central Banks Go on Buying Spree, But Bitcoin Still Leads the PackDuring the first half of 2024, global central bank gold purchases reached a record high of 483 tons, driving gold prices to unprecedented levels. This staggering figure represents a 5% increase from the previous record of 460 tons set in the first half of 2023, with central bank gold purchases in the second quarter alone surging 6% year-on-year to 183 tons