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Rising Open Interest in Ether and a “positive” taker buy-sell ratio have a crypto analyst optimistic that Ether’s lengthy correction is nearing its end.
Wicked smart royalties on NFT resales and a steady stream of unofficial memecoin taxes are padding Trump’s crypto wallet
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The weakness in ether’s price can be seen in the ETH/BTC pair, which has been on a downward trajectory since the Ethereum Merge in September 2022.
- 15:15ETH falls below $2400Market data shows that ETH has fallen below $2400, currently reported at $2399.56, with a 24-hour increase of 2.61%. The market is highly volatile, so please ensure proper risk management.
- 15:14This week's total net outflow from the Ethereum ETF market reached $38.2 millionThis week, the total net outflow from the Ethereum ETF market reached 38.2 million USD. Among them, BlackRock (ETHA) had a net outflow of 4.2 million USD; Fidelity (FETH) had a net outflow of 37.2 million USD; Grayscale Mini (ETH) had a net inflow of 3.2 million USD.
- 15:14Trump Media Group Discloses "Material Weaknesses" in Its Financial Reporting ControlsOn May 10, according to a new document from the U.S. Securities and Exchange Commission, Trump Media & Technology Group (parent company of Truth Social) disclosed "material weaknesses" in its financial reporting controls and acknowledged that financial statements may contain errors. The group announced quarterly earnings on Friday, with net sales of $821,000, a net loss of $31.7 million, cash and short-term investments of $758.9 million, and debt of $9.8 million. The document pointed out that the company lacks formal accounting processes for complex transactions and has insufficient experienced personnel to meet SEC reporting requirements, leading to this issue. Trump Media stated that it has hired more accounting staff, brought in third-party consultants, and standardized processes, but admitted that more work remains to be done.