Ethereum’s $10B OI wipeout and ETF exodus: What happens to ETH?
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最新报道：Ethereum's open interest plunged by $10 billion amid a market-wide crypto selloff, with ETH price dropping 20% to $3,300. The sharp decline triggered $360 million in liquidations, while Grayscale's Ethereum Trust (ETHE) saw $110 million in outflows as investors exited ahead of potential SEC ETF rejections. Analysts note ETH's correlation with Bitcoin remains high at 0.96, suggesting continued volatility. Despite the selloff, Ethereum network activity remains robust with over 1 million daily active addresses and $2.5 billion in stablecoin transfers. Market watchers await SEC's May decision on spot Ethereum ETFs, which could significantly impact ETH's price trajectory.
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This Day in History | August 7
- According to Bijie.com, today in 2023, Paypal launched the stablecoin PayPal USD (PYUSD).
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