Kattana | Trading Terminal | Announcements

📈 ETH-ETF Trading Has Begun!

As of July 23, trading for spot Ethereum ETFs has officially started. Within just 20 minutes, the price of Ethereum fell by 1.7% on increased volume, approaching intraday lows.

📉 Over the past 24 hours, Ethereum has decreased by 1.1%, performing better than most top 10 cryptocurrencies, except for stablecoins.

According to Bloomberg analyst Eric Balchunas, the primary contributor to this metric is Grayscale’s ETHE ($39.7 million).

👉 Other notable performers include Bitwise’s ETHW ($25.5 million), BlackRock’s ETHA ($22.5 million), and Fidelity’s FETH ($15.2 million).

What are your thoughts on the future of ETH-ETFs? 🚀💬

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Bitcoin Miners' Revenue Drops Nearly Threefold Over the Past Months 📉

Bitcoin miners have started shutting down inefficient equipment and selling reserves, a clear sign of their capitulation, according to a report by CryptoQuant.

Daily miner revenue has decreased from $79 million on March 6 to $29 million currently. The share of fees in the revenue has fallen to 3.2%, the lowest since April 8.

🌐 The network's hashrate has dropped by 7.7% after the block reward halving in April. This is the largest decline since December 2022, when the market bottomed out following the FTX collapse.

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