subimpact.net

Category: #Ethereum

  • Ethereum’s Shanghai Upgrade Boosts Institutional Interest in ETH Futures Trading

    Ethereum, the world’s second-largest cryptocurrency by market value, recently implemented the highly anticipated Shapella hard fork, also known as the Shanghai upgrade, on April 12. This update has reduced the risk of staking the blockchain’s native token, ether (ETH), by allowing withdrawals of locked coins at will. This pivotal event has galvanized institutional interest in ETH futures trading.

    Since April 10, the number of active ether futures contracts trading on the Chicago Mercantile Exchange (CME) has risen by 39% to 6,248, according to official data. In U.S. dollar terms, open interest has increased by over 70% to $633 million. Coinglass data also shows that the tally reached a 12-month high of $675 million on Friday.

    Each futures contract has a value of 50 ETH and is quoted in US dollars per 1 ether. The recent surge in institutional interest in ETH futures trading suggests that more investors are willing to bet on the potential growth of Ethereum and its native token. This increased demand for futures contracts can also be attributed to the lowered risk of staking ETH due to the successful implementation of the Shanghai upgrade.

     The successful implementation of the Shapella hard fork has not only reduced the risk of staking ETH but has also boosted institutional interest in ETH futures trading. This is a positive development for Ethereum and its native token, as it signals growing confidence in the future growth of the cryptocurrency market.

  • Curve Launches New Crypto Rewards Transfer Feature to Enhance Digital Asset Flexibility

    Curve, a leading fintech company that allows users to combine their existing debit, credit, and rewards cards into one all-in-one payment card, has announced the launch of a new feature that enables its customers to transfer their crypto rewards from merchant transactions to their own digital wallets. This move recognizes the growing importance of providing customers and the crypto-curious with even more flexibility over digital assets.

    The new feature allows Curve users to “supercharge” their money by earning rewards with the Curve app or card and then converting those rewards into one of 10 different cryptocurrencies, including Bitcoin and Ethereum. This latest offering enhances the flexibility of digital assets and enables users to take greater control over their financial transactions.

    With the continued growth of the cryptocurrency market, many consumers are looking for more ways to invest and manage their digital assets. Curve’s new feature addresses this demand by allowing users to easily and securely transfer their crypto rewards to their own digital wallets, providing them with greater control and flexibility over their digital assets.

    To use this new feature, Curve customers simply need to earn rewards with the Curve app or card and then select the option to convert those rewards into cryptocurrency. The rewards can then be transferred to the user’s digital wallet of choice, giving them the freedom to manage and invest in their digital assets as they see fit.

    Curve’s new crypto rewards transfer feature is a significant step forward in providing customers with more flexibility and control over their digital assets. By combining the convenience of an all-in-one payment card with the flexibility of cryptocurrencies, Curve is leading the way in the fintech industry and empowering consumers to take greater control over their financial future.