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Ethereum ETFs are coming — Here’s what you need to know
Ethereum ETFs are coming — Here’s what you need to know

Are you ready for the July 23 launch of nine spot Ethereum ETFs? Here's what you need to know to start trading.

Cointelegraph·2024/07/20 19:52
Ethereum’s spot ETFs will trigger a dip, not a rally
Ethereum’s spot ETFs will trigger a dip, not a rally

Share link:In this post: Ethereum’s supply has been increasing by 60,000 ETH per month since April, which could lead to a market dip instead of a rally when spot ETFs are introduced. Historical patterns from 2016 and monetary policy trends suggest that ETH/BTC might see a huge drop before potentially rising next year. Benjamin Cowen warns that if the current supply trend continues, Ethereum’s supply will revert to pre-Merge levels by December 2024.Disclaimer. The information provided is not trading advice.

Cryptopolitan·2024/07/20 18:13
Flash
12:25
A whale spent 16.55 million USDC to purchase 234,898 SOL.
According to Odaily, as monitored by Lookonchain, 7 hours ago, a whale spent 16.55 million USDC to purchase 234,898 SOL, with an average purchase price of $70.5.
12:10
After the implementation of the comprehensive agreement between the US and Iran to fully reopen the Hormuz Strait, Iraq immediately requested the operators of its five major oil fields to increase production to pre-war levels, with a final goal of surpassing 3 million barrels per day.
Iraqi Ministry of Oil spokesperson Salim Rikabi revealed that returning to high production levels will be a gradual process, with the specific progress depending on actual operational conditions and the arrangements made by buyers to coordinate tanker loading.
12:10
After the US-Iran agreement, Iraq requests oil fields to start increasing production
A document dated June 19 shows that Basra Oil Co. has requested that the Rumaila, West Qurna-1, West Qurna-2, Zubair, and Artawi oil fields increase production to their maximum available capacity. Iraq Ministry of Oil spokesperson Salim Al-Rikabi said that the restoration of output will be gradual and will depend on operational conditions as well as the arrangements buyers make to load tankers.
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