According to BlockBeats, VanEck has announced that it will waive management fees for its Ethereum spot ETF, following the strategy of its previously launched Bitcoin ETF. Matthew Sigel, the head of digital asset research at VanEck, stated that the zero-fee strategy aims to position the company as the 'preferred provider of cryptocurrency ETFs' and attract more investors, despite potential initial losses. VanEck plans to waive fees for the first $1.5 billion in assets before 2025, after which it will charge a sponsorship fee of 0.20%. Franklin Templeton is the only other disclosed issuer of a spot ETH ETF with fees and waivers, charging a fee of 0.19% and waiving up to $10 billion for a period of six months. VanEck has submitted an 8-A securities registration form to the SEC, which Bloomberg analyst Eric Balchunas believes is a good sign for a release on July 2nd. It is expected that the fees for BlackRock's ETH ETF will influence the decisions of other funds.

On Jun 25, 2024, 23:09 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,400 USDT and is now trading at 3,398.600098 USDT, with a narrowed narrowed 1.87% increase in 24 hours.

According to BlockBeats, on June 26, the Chairman of the U.S. Securities and Exchange Commission (SEC), Gensler, reported a smooth approval process for the Ethereum Exchange-Traded Fund (ETF). This announcement indicates a positive progression in the acceptance and integration of cryptocurrency in the mainstream financial market. The Ethereum ETF is a type of investment fund and exchange-traded product, which is expected to track the price of Ethereum, the second-largest cryptocurrency by market capitalization. The smooth approval process signifies the SEC's increasing openness towards digital assets, which could potentially lead to a broader acceptance of cryptocurrencies in the financial sector. However, it is important to note that while the approval process is reported to be smooth, the final decision is yet to be made. The SEC's final verdict will play a crucial role in determining the future of Ethereum ETFs and potentially the wider acceptance of digital assets in the financial market.

According to CryptoPotato, the Ethereum Foundation, known for its strategic timing in selling its ETH holdings during bull markets, seems to have deviated from this pattern. In the past, the foundation has capitalized on high market prices by selling large amounts of ETH, thereby securing funding for ongoing development and operations. However, recent data from IntoTheBlock indicates that the foundation has not engaged in any significant selling activity in the current market cycle. This change in strategy raises questions about the foundation's current approach and the future direction of the market. The Ethereum Foundation's decision to refrain from selling ETH tokens could indicate a belief in the cryptocurrency's potential for further growth. Despite the broader cryptocurrency market experiencing significant pressure, with ETH dropping to $3,370 this week, this could be seen as a bullish sentiment. Over the past month, the asset has seen almost a 10% drawdown in its price. Alternatively, the foundation may have adopted a new approach to asset management. Historically, the foundation has sold substantial amounts during each bull market, often aligning these sales almost perfectly with market peaks. The lack of significant sales in the current cycle could suggest that the foundation believes the market peak is yet to come, or it could indicate a change in their approach. Earlier this year, Arkham Intelligence flagged a blockchain address associated with the Ethereum Foundation that sold $1.6 million worth of ETH. In April, Peckshield Alert revealed that the foundation had converted a portion of its ETH holdings into stablecoins. The data showed that the foundation converted 100 ETH to 354,000 DAI when ETH was trading above $3,600.

According to BlockBeats, Ethereum, a leading cryptocurrency, has seen a resurgence in its value, climbing back above the $3400 mark. This represents a 24-hour increase of 2.47%. The rebound in Ethereum's price is a positive sign for investors and traders in the cryptocurrency market. It indicates a potential recovery from previous lows and a return to a more stable trading range. However, the volatile nature of the cryptocurrency market means that prices can fluctuate rapidly, and investors should always be prepared for potential changes in market conditions.

On Jun 25, 2024, 14:29 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,400 USDT benchmark and is now trading at 3,402.439941 USDT, with a narrowed 2.57% increase in 24 hours.

According to Odaily, ETF analyst Eric Balchunas has announced that VanEck has submitted a Form 8-A for an Ethereum ETF on platform X. This is part of the process, but it's noteworthy that they submitted a Form 8-A for a Bitcoin ETF seven days before its launch. Balchunas suggests that there may be more news disclosures to follow. The submission of the Form 8-A is a standard part of the process for launching an ETF. However, the timing of this submission, coming just a week before the launch of their Bitcoin ETF, suggests that VanEck may be planning a similar move with Ethereum. Balchunas, a respected analyst in the field, believes that this could be a sign of more news to come. It's important to note that while this submission is a significant step, it does not guarantee that an Ethereum ETF will be launched. The final decision will be made by the relevant regulatory authorities. However, the move by VanEck, a leading player in the ETF market, is a positive sign for those hoping for more widespread adoption of cryptocurrency ETFs.

According to Foresight News, Taiko, an Ethereum layer 2 network based on zkRollup, has announced the extension of its 'Trailblazers Trail 3' gaming event for two weeks. Users who play games and participate in in-game blockchain activities on Taiko before July 7 will receive a Bouncer Faction badge, which can also earn bonus points. The current incentive event includes nine games: Looperlands, Crack&Stack, 0xAstra, 21BJ, EVM Warfare, Stupid Monkeys, Swords & Dungeons, Ultiverse, and Zypher Network. Users are encouraged to participate and earn rewards while enjoying these games on the Taiko platform.

According to Foresight News, a whale address has reportedly deposited 8000 Ethereum (ETH) into the 'StakeStone x Scroll Joint Reward Program'. The value of this deposit is approximately 26.87 million USD. The transaction was tracked and reported by Dune Data. The identity of the whale address remains unknown. The StakeStone x Scroll Joint Reward Program is a collaborative initiative, but further details about the program were not provided.

According to Foresight News, the Ethereum Foundation has announced the 25 winners of the ZK funding round. The funding round was launched in collaboration with Aztec, Polygon, Scroll, Taiko, and ZKsync, with each project contributing $150,000, making a total prize pool of $900,000. The selected projects include the development of security frameworks, analysis of encryption schemes, creation of benchmarking tools for performance and scalability, and the integration of advanced encryption models into practical applications.

According to BlockBeats, Ethereum's Layer2 scaling solution, Scroll, has seen its Total Value Locked (TVL) surpass $800 million, reaching $809 million. This represents a 12.97% increase over the past week. Ethereum's Layer2 solutions are designed to improve the scalability of the Ethereum network by processing transactions off the main Ethereum chain. Scroll is one of these solutions, and its recent surge in TVL indicates a growing interest and trust in its capabilities. The increase in TVL suggests that more users are locking their assets in Scroll, indicating a growing confidence in the platform. This growth in TVL is a positive sign for Scroll and the broader Ethereum ecosystem, as it indicates a higher level of activity and engagement on the platform.

According to BlockBeats, Arthur Cheong, the founder and CEO of DeFiance Capital, expressed his views on long-term investments on his social media platform on June 25. He stated that if an investor is optimistic about a particular asset in the long run, they should be more enthusiastic about it when its price is low, not the opposite. In the current market environment, he still believes that Ethereum (ETH) is one of the best investments in the coming months after risk adjustment. Cheong's statement suggests a bullish outlook on Ethereum, despite the volatile market conditions. His advice to investors is to take advantage of low prices to invest in assets they believe in for the long term. This perspective is particularly relevant in the context of the cryptocurrency market, which is known for its high volatility. Cheong's endorsement of Ethereum as a promising investment comes at a time when the digital currency market is experiencing significant fluctuations. Despite these market conditions, he maintains his belief that Ethereum, after risk adjustment, stands out as one of the most promising investments for the upcoming months. His comments provide valuable insight for investors navigating the unpredictable landscape of digital currency investments.

According to PANews, Ethereum's core developer, Tim Beiko, has raised concerns about a potential security breach. He expressed on an unnamed platform that the email list provider used by the Ethereum Foundation, 'updates@ethereum.org', may have been compromised. The issue is currently being addressed with SendPulse. Beiko has advised against clicking on any links in the emails sent from this address until the issue is resolved. Further details about the potential breach or its impact have not been disclosed.

On Jun 24, 2024, 5:49 PM (UTC). According to Binance Market Data, Ethereum (ETH) has crossed the 3,300 USDT benchmark and is now trading at 3,300.48999 USDT, with a narrowed 4.91% decrease in 24 hours.

According to CryptoPotato, Ethereum's price has been on a downward trend after failing to break past the $4,000 resistance level. Over the past 24 hours, the selling pressure has increased, with the bears seemingly targeting the significant resistance level at $3,000. The daily chart reveals that the price has fallen below the $3,600 level and is quickly nearing the $3,000 support zone. The 200-day moving average is also around the $3,000 mark, further emphasizing the importance of this level. The Relative Strength Index has fallen below 50%, indicating a shift in momentum towards the bearish side. If the $3,000 level breaks down, Ethereum could potentially face a further drop towards $2,800 and possibly even the $2,200 zone. On the 4-hour timeframe, the price has been making lower highs and lows since the rejection from the $4,000 resistance level. Currently, the cryptocurrency is nearing a long-term bullish trendline. A break below it could potentially trigger a bearish phase in the upcoming weeks. However, the RSI has fallen below 30%, indicating that Ethereum is oversold on the 4-hour chart. Therefore, a rebound from the trendline or the $3,000 level is still a possibility. While Ethereum's price has been trending downwards after failing to break above the $4,000 level, the sentiment in the futures market is weakening. The Ethereum funding rate metric, which measures whether buyers or sellers are more aggressively executing their orders, shows that funding rates are declining as the price is trending down. This indicates a gradual shift in sentiment, which might not necessarily be negative for the price. This is due to the potential for a long liquidation cascade, or the magnitude of a possible one, as the futures market cools down.

According to BlockBeats, the total value locked (TVL) in Ethereum Layer2 has dropped to $42.55 billion, a decrease of 4.11% over the past week. The top five in terms of locked value are Arbitrum One with $17.32 billion (a 3.40% decrease over the past week), Base with $7.16 billion (a 5.516% decrease), OP Mainnet with $6.4 billion (an 8.32% decrease), Blast with $2.95 billion (a 5.87% decrease), and ZKsync Era with $1.29 billion (a 68.08% increase over the past week). This data indicates a general downward trend in the value locked in Ethereum Layer2, with the exception of ZKsync Era, which saw a significant increase.

According to Foresight News, smartestmoney.eth has clarified the purpose behind large Ethereum (ETH) transfers to trading platforms. On June 20, smartestmoney.eth responded to these actions, stating that these were not stop-loss sales, but rather ETH being sent to trading platforms for leveraged long positions. 'Once the profits are locked in, I will transfer them back to the on-chain wallet at the peak, which is usually the best exit time for ETH,' smartestmoney.eth explained. This statement provides insight into the strategy used by some traders, who leverage the volatility of cryptocurrencies to maximize their profits. The practice of transferring large amounts of ETH to trading platforms has been a topic of discussion in the crypto community. This clarification from smartestmoney.eth sheds light on the tactics used by some traders, and provides a different perspective on the movement of large amounts of ETH to trading platforms.

On Jun 24, 2024, 02:55 AM (UTC). According to Binance Market Data, Ethereum (ETH) has dropped below 3,400 USDT and is now trading at 3,392.790039 USDT, with a narrowed 3.30% decrease in 24 hours.

According to Odaily, recent data indicates that a decrease in Ethereum's gas fees has resulted in the lowest burn rate seen in the past 12 months. The data, provided by ultrasound.money, suggests that due to this reduced burn rate, Ethereum is currently experiencing a slight inflationary state. Over the past week, the average supply growth rate has been recorded at 0.56% per annum.