Search results for "ETC"

ETC (Ethereum Classic) rose 3.39% in 24 hours

Gate News Bot news, June 30, according to CoinMarketCap data, as of the time of writing, ETC (Ethereum Classic) is currently priced at $16.77, with a rise of 3.39% in the last 24 hours, reaching a high of $17.14 and a low of $15.91. The current market capitalization is approximately $2.557 billion, an increase of $83.9 million compared to yesterday. Ethereum Classic is a decentralized
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According to Coinglass data, the current premium rate of Grayscale ETH Trust Fund (ETHE) is 22.72%; the premium rate of ETC Trust is 41.95%.

BTC's illiquid supply reaches 74% of the total circulating supply, hitting a new all-time high.

Data shows that the illiquidity of BTC entities has reached a record high, accounting for 74%, providing support for the increased supply shock after the Halving, which will drive BTC and other encrypted assets in the coming months.
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ETC Group: The Bitcoin market exposure of the encryption hedging fund has dropped to the lowest level since October 2020.

Jinse Caijing reported, ETC
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Odaily Planet Daily News Coinglass data shows that the Grayscale Bitcoin Trust ETF (GBTC) is not trading at a premium. The Grayscale ETH Trust (EEHT) has a slightly expanded discount rate of 2.18%, and the ETC Trust has expanded to a discount rate of 44.57%. In addition, Grayscale BCH Trust has a premium rate of 174.61%, Grayscale LTC Trust has a premium rate of 206.35%, Grayscale SOL Trust has a premium rate of 589.41%, Grayscale LINK Trust has a premium rate of 701.37%, Grayscale MANA Trust has a premium rate of 590.41%, and Grayscale FIL Trust has a premium rate of 2000%.
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Odaily Planet Daily News Coinglass data shows that the Grayscale Bitcoin Trust Fund ETF (GBTC) has a premium rate of 0.06%. The Grayscale ETH Trust (EEHT) has a premium rate of 1.7%, and the ETC Trust has a premium rate of 40.31%. In addition, the Grayscale BCH Trust premium rate is 162.32%, the LTC Trust premium rate is 264.47%, the SOL Trust premium rate is 652.66%, the MANA Trust premium rate is 574.07%, and the FIL Trust premium rate is 1871.07%.
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Odaily Planet Daily News Coinglass data shows that the Grayscale Bitcoin Trust Fund ETF (GBTC) has a negative premium rate of 0.02%. The Grayscale ETH Trust (EEHT) has a negative premium rate of 1.65%, and the ETC Trust has a premium rate of 38.05%. In addition, the Grayscale BCH Trust premium rate is 203.48%, the LTC Trust premium rate is 304.49%, the SOL Trust premium rate is 635.19%, the LINK Trust premium rate is 639.00%, the MANA Trust premium rate is 643.41%, and the FIL Trust premium rate is 2029.12%.
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ETC Grants DAO discusses the possibility and feasibility of launching Ethereum Classic with VanEck

According to Jinse Finance, ETC Grants Dao stated in a post that they are currently discussing the possibility and feasibility of launching an ETF/ETN for Ethereum Classic (ETC) with VanEck, a BTC and ETH spot ETF issuance merchant.
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Golden Finance reported that ETC Grants DAO has established a partnership with Alchemy Pay. Alchemy Pay will enable users to directly purchase ETC using a variety of mainstream fiat payment methods and currencies through its fiat solution. The solution supports multiple payment methods including Visa cards, Mastercards, mainstream mobile wallets, and bank transfers.
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PANews news on May 31, according to official news, on May 31, 2024, the Ethereum Classic (ETC) network has successfully completed the production reduction ("Fifthening"), and the Block Reward has been reduced from 2.56ETC to 2.048ETC. The Halving took place at a height of 20000001 Block, and the Block was packaged by K1Pool; The last block before the Halving is packed by F2Pool. At present, the Computing Power of the entire ETC network is about 180T, and it has continued to pump steadily by about 50% in the past year.
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Viewpoint: Bitcoin volatility is expected to continue to decline

After the halving of Bitcoin, its volatility is expected to continue to decline, and by 2028, its scarcity will be four times that of gold. As retail and institutional adoption of encryption technology increases, volatility will decrease over time structurally. Investors need to understand that where there is growth, there is volatility, but this volatility is gradually decreasing.
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Odaily Planet Daily News Coinglass data shows that the Grayscale Bitcoin Trust Fund ETF (GBTC) has a negative premium of 0.06%. The Grayscale ETH Trust (EEHT) has a negative premium of 1.72%, and the ETC Trust has a premium of 41.21%. In addition, Grayscale BCH Trust has a premium rate of 154.14%, LTC Trust has a premium rate of 259.78%, SOL Trust has a premium rate of 629.89%, LINK Trust has a premium rate of 750.55%, MANA Trust has a premium rate of 522.12%, and FIL Trust has a premium rate of 1688.91%.
Odaily Planet Daily News Coinglass data shows that the grayscale Bitcoin Trust Fund ETF (GBTC) has a negative premium rate of 0.05%. Grayscale ETH Trust Fund (EEHT) has a negative premium rate of 1.30%, and the ETC Trust Fund has a negative premium rate of 38.88%. In addition, the Grayscale BCH Trust premium rate is 189.20%, the LTC Trust premium rate is 305.45%, the SOL Trust premium rate is 623.29%, the MANA Trust premium rate is 628.77%, and the FIL Trust premium rate is 2585.19%.

Report: Tether supply slowing down indicates cooling of the crypto market

The monthly supply growth of Tether (USDT) is less than 1.5%, and the trading volume has dropped to 53.5 billion US dollars, reflecting a decrease in funds flowing into the cryptocurrency market. The daily outflow in the Bitcoin market has increased, with over 540 million US dollars flowing out last week. The downward pressure of the macro economy may continue to pose challenges to the Bitcoin price.
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ETC Grants DAO will fund the deployment of ETC native stablecoins ERUSD and ECSD, according to Jinse Caijing. ECSD is a decentralized USD stablecoin developed by the Djed Alliance team, and it is a star stablecoin project migrated from Cardano (ADA) called DJED. It operates through over-collateralization mechanism and algorithmic stablecoin contracts, with automatic adjustment of stablecoins and reserve coins.
Odaily Planet Daily News According to Coinglass data, the premium rate of Grayscale Bitcoin Trust Fund ETF (GBTC) has risen to 0.13%. The grayscale ETH trust premium rate is 22.72%, and the ETC trust premium rate is 41.95%. In addition, the grayscale BCH trust premium rate is 268.86%, the LTC trust premium rate is 323.42%, the SOL trust premium rate is 558.11%, the MANA trust premium rate is 527.73%, the LINK trust premium rate is 794.04%, and the FIL trust premium rate is 1867.87%.
Odaily Planet Daily News, according to Coinglass data, the premium rate of Grayscale Bitcoin Trust Fund ETF (GBTC) is 0.19%. The premium rate of Grayscale ETH Trust (EEHT) has narrowed to 1.44%, and the premium rate of ETC Trust is 41.72%. In addition, the Grayscale BCH Trust premium rate is 168.12%, the LTC Trust premium rate is 276.73%, the SOL Trust premium rate is 632.94%, the LINK Trust premium rate is 692.8%, the MANA Trust premium rate is 554.39%, and the FIL Trust premium rate is 1410.66%.
According to BlockBeats citing CoinGlass data, the premium rate of Grayscale's ETH Trust Fund (ETHE) and ETC Trust Fund has significantly increased. As of April 28th, the premium rate of ETHE has expanded to 24.78%. This is a significant increase compared to the 8.17% reported on March 9th. The negative premium rate of ETC Trust Fund is even higher, reaching 38.72%.
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Forbes analysts have labeled ADA, XRP, and ETC as "zombie" tokens, which means that these blockchain projects lack vitality in terms of utility or user base. These tokens, including Cardano (ADA), Ripple (XRP), and Ethereum Classic (ETC), are mainly sustained through speculative trading and initial funding rather than achieving technological or practical goals. Forbes points out that these projects may be traded based on the reputation of their creators, with Cardano's speculative interest primarily driven by the prominence of its founder. Cardano's network metrics show a decrease in daily active addresses and trading volume, as well as a decline in the total value locked in the DeFi sector, which could impact future revenue. ADA's price has also dropped by 3.08% in the past 24 hours. Ripple Labs' XRP and ETC are also criticized for their lack of practical use cases, with XRP's transactions serving no purpose other than speculation, while ETC is only used by purists and has seen a 17% price decrease in the past month.