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[The first-day trading volume of the spot Ethereum ETF exceeded US$1 billion, accounting for 23% of the first-day trading volume of the spot Bitcoin ETF]
According to Yahoo Finance data compiled by The Block Pro Research, the cumulative trading volume of the U.S. spot Ethereum ETF exceeded US$1.019 billion on the first day of listing.
Among them, Grayscale Ethereum Trust (ticker: ETHE) led with $456 million, accounting for nearly half of the total trading volume. It was followed by BlackRock 's iShare Ethereum Trust (ETHA) (24%, or $240 million) and Fidelity Ethereum Fund (FETH) (13%, or $136 million).
Bloomberg analyst Eric Balchunas said on X that the data is equivalent to 23% of the first-day trading volume of the spot Bitcoin ETF, while BlackRock ETHA's trading volume reached 25% of IBIT's trading volume.
Tesla's digital asset net worth in Q2 2024 remained flat at $184 million
Tesla's second-quarter financial report showed that the net value of digital assets in Q2 2024 remained flat month-on-month at US$184 million.
In addition, Tesla's net profit in the second quarter was $1.478 billion, the market expected $1.806 billion, and $2.703 billion in the same period last year. The gross profit margin in the second quarter was 18%, the market expected 17.4%, and 18.2% in the same period last year.
[Poll data: Harris leads Trump with 44% support among registered voters, compared to 42% for Trump]
The Reuters/Ipsos poll showed Democratic presidential candidate Harris leading Republican candidate Trump among registered voters with 44% support to 42%, within the 3 percentage point margin of error.
The poll showed that 56% of registered voters believed Harris was "clear-headed"; while 49% believed Trump was performing well.
[ Coinbase filed a motion requesting the US SEC and Chairman Gensler to hand over documents related to its case]
In a court filing on Tuesday, cryptocurrency exchange Coinbase filed a motion asking a New York court to order the SEC and Chairman Gary Gensler to turn over documents that Coinbase says are central to its lawsuit against the agency.
Coinbase said in the motion that several years before the SEC sued Coinbase, the agency's commissioners and staff met with crypto market stakeholders, including Coinbase, and issued public statements and guidance on crypto regulation. Coinbase asked the court to force the agency to provide certain documents related to the tokens in the SEC's complaint, documents related to the SEC's consideration of Coinbase becoming a public company in April 2021, and personal and professional statements made by Gensler during his tenure at the SEC.
[Hashkey Capital Liquid Fund Partner: Ethereum may reach the range of $6,000 to $10,000 by the end of this year]
Jupiter Zheng, partner at Hashkey Capital Liquid Fund, said that investors have short-term concerns about high fees from the Grayscale Ethereum Trust, which could trigger a short-term market downturn.
Zheng said: "There may be resistance soon after the launch of the Ethereum spot ETF, that is, the outflow of funds from the Grayscale Ethereum Trust Fund may suppress market sentiment in the short term, just like the Bitcoin ETF, investors may move funds to products with lower fees."
Despite warnings of a possible sell-off in the short term, Zheng expects an Ethereum ETF to provide a convenient entry point for both institutional and retail investors, boosting long-term demand for Ether. “Our view is that by the end of this year, the price of Ethereum could reach a range of $6,000 to $10,000, which is about 1.6 to 2.5 times its 52-week high,” Zheng added.
[Bloomberg: DYDX is in talks to sell its trading platform, Wintermute Trading and Selini Capital are potential buyers]
DYDX is in talks to sell its trading platform, according to Bloomberg. Wintermute Trading and Selini Capital are among the potential buyers of the dYdX v3 software, two people familiar with the matter said, asking not to be named because the talks are not yet public.
[ Telegram CEO: TON ecosystem game Catizen has "earned" $16 million through in-app purchases]
Telegram CEO Pavel Durov said that Catizen, a tap-to-earn game built on the TON blockchain, has "earned" $16 million through in-app purchases. "Catizen is a mini-game on Telegram with over 26 million players. The game has earned $16 million through in-app purchases and donated 1% of it to stray cat rescue organizations," Durov wrote on Tuesday.
Click-to-earn games such as Notcoin, Yescoin, Hamster Kombat and Catizen have attracted tens of millions of users in recent months. Catizen and Hamster Kombat are expected to launch tokens soon.
Author: BitpushNews Mary Liu
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