Web3 🌗 Wednesday Highlights: CoinEx Insight Debuts, BlackRock’s ETF Soars, Solana Hits ATH, Nasdaq Targets SEC for Options"
1. CoinEx Unveils CoinEx Insight: Get exclusive industry perspectives to maximize your investment opportunities.
2. BlackRock’s Ethereum ETF: Sees a massive $900 million inflow.
3. Solana (SOL): Soars to a new all-time high against Ethereum (ETH).
4. Nasdaq’s Move: Requests SEC approval for options trading on BlackRock’s new Ethereum Trust.
Stay tuned for more updates! 🚀📈
Welcome to Wednesday’s Web3 Roundup! Today, we’re diving into some major updates in the cryptocurrency and investment space. First up, CoinEx has launched CoinEx Insight, a new platform offering expert market analysis and investment insights to enhance your trading strategy. Meanwhile, BlackRock’s Ethereum ETF has seen a staggering $900 million in inflows, reflecting strong investor enthusiasm and confidence in the crypto space. Solana (SOL) has also made headlines by reaching an all-time high against Ethereum (ETH), demonstrating its impressive market performance. Lastly, Nasdaq is seeking SEC approval to list options on BlackRock’s Ethereum Trust, aiming to expand investment tools and opportunities. Stay with us as we delve into these exciting developments!
1. CoinEx Unveils CoinEx Insight: Get exclusive industry perspectives to maximize your investment opportunities.
CoinEx has introduced CoinEx Insight, a new platform designed to enhance users' understanding of the cryptocurrency market and uncover unique investment opportunities. The platform offers real-time market data, professional analysis, and unique investment perspectives from a diverse range of information sources. Users can explore daily updates, in-depth reports, and expert opinions to stay informed about the latest market trends and dynamics. CoinEx Insight aims to be a reliable assistant for cryptocurrency trading, helping both novice and seasoned investors make smarter investment decisions.
2. BlackRock’s Ethereum ETF: Sees a massive $900 million inflow.
The launch of BlackRock’s Ethereum (ETH) ETF, iShares Ethereum Trust (ETHA), has been underwhelming compared to Bitcoin’s ETF debut earlier this year. Despite this, ETHA has seen nearly $900 million in inflows within just 11 days, indicating growing interest. However, ETH itself has been struggling, up only 0.4% in the last 24 hours and down 22.7% over the past week. On August 6, ETHA saw $109.9 million in inflows, marking it as one of the year’s top-performing ETFs. Predictions suggest ETH will trade between $2400 and $2600 in the coming weeks.
Paigambar Mohan Raj
3. Solana (SOL): Soars to a new all-time high against Ethereum (ETH).
Solana (SOL) has surged 35% in 48 hours, reaching an all-time high against Ethereum (ETH). From a low of $110, SOL has risen to $149.61. This rally comes after a market-wide sell-off and highlights SOL's impressive recovery. Analysts attribute the rise to strong Solana fundamentals and positive market sentiment. Despite SOL's bullish trend, watch for resistance at $155 and support around $135.
Oliver Dale
4. Nasdaq’s Move: Requests SEC approval for options trading on BlackRock’s new Ethereum Trust.
BlackRock has proposed a new investment vehicle, the iShares Ethereum Trust, for listing on the Nasdaq International Securities Exchange. This trust will exclusively hold Ethereum and cash, managed by Coinbase and The Bank of New York Mellon, respectively. It will not participate in Ethereum proof-of-stake validation or earn additional income through staking, maintaining its role as a passive investment tool. The aim is to offer a familiar, lower-cost way for investors to gain exposure to Ethereum through traditional securities markets. This move follows recent SEC approvals of crypto ETFs, marking a significant shift in the integration of digital assets into traditional finance.
Sebastian Sinclair
That wraps up today’s Web3 Highlights! Whether you're tracking CoinEx's latest insights, BlackRock's impressive ETF inflows, Solana’s new highs, or Nasdaq’s new venture into options trading, there's a lot to keep an eye on in the evolving world of digital assets. As the landscape shifts, we’ll be here to bring you the latest updates and in-depth analysis. Thanks for joining us, and have a fantastic day ahead!
