According to BlockBeats, as of July 22, data from Ycharts indicates that the Grayscale Ethereum Trust (ETHE) is currently showing a negative premium rate of 0.13%.

According to Odaily, the Ethereum Foundation has recently executed a transaction through CoWSwap, converting 100 ETH into 345,000 DAI. This move was detected by Scopescan, a monitoring service that tracks blockchain transactions. The conversion highlights the foundation's ongoing financial activities and strategic asset management within the cryptocurrency space.

On Jul 23, 2024, 08:32 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,510.219971 USDT, with a narrowed 0.75% increase in 24 hours.

According to Matrixport's latest chart released today, the realized volatility spread between Ethereum and Bitcoin is currently at a low level, indicating that both cryptocurrencies are experiencing similar levels of market fluctuation.Historically, Ethereum has been considered to have greater upside potential, which usually results in its volatility being approximately 50% higher than that of Bitcoin. However, the current data shows that the realized volatility of both Ethereum and Bitcoin is on par, with a ratio of 1.0.This unusual alignment in volatility comes at a time of heightened speculation and anticipation in the market, especially ahead of the launch of significant financial products. Analysts and traders often observe volatility metrics to gauge market sentiment and potential price movements, and this parity suggests a unique period of market dynamics.  4o

According to CryptoPotato, the XRP rally has resumed this week with buyers continuing to dominate the market. The key support level is identified at $0.54, while the key resistance level is at $0.68. XRP bounced back from the 54 cents support level after buyers rushed in, leading to a price increase of over 10% since that level was tested. As long as this support is defended, the bullish bias remains intact. However, since XRP reached a local high of nearly 64 cents, the trading volume has been decreasing. While this is not currently a major concern, it could become problematic if the trend continues. A decrease in volume could provide an opportunity for sellers to push against the key support level again. A second test of this support level could be interpreted as a bearish signal. Despite the volatility observed in lower timeframes, the weekly MACD (Moving Average Convergence Divergence) remains strong, showing a clear bullish trend with higher highs on the histogram. As long as this bullish momentum continues, XRP has the potential to aim for new highs and challenge the resistance level at 68 cents.