ETH Trading Volume Passes That Of BTC, ETHE Trading At Premium – May 26


πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $39,838

Bitcoin price is currently battling for the $40,000 level, after trading above the number for several hours over the last day of trading.

Top-20 altcoins are looking strong, with Ethereum gaining 15% for the day, XRP rising 13% and Polygon continuing to charge ahead with a 46% run.

Top Stories for May 26, 2021 πŸ”₯

πŸ‘‰ ETH Trading Volume Passes That Of BTC, ETHE Trading At Premium

Ether (ETH) trading volume has surpassed that of Bitcoin over the last 24 hours, at around $60 billion vs. Bitcoin’s $50.2 billion.

Interest in the cryptocurrency is also soaring amongst institutional investors, with Grayscale’s ETHE Ethereum trust currently trading at an 11% premium above its net asset value.

The “volume flippening” comes just days after parts of a Goldman Sachs report were leaked, claiming that Ether has a high chance of overtaking Bitcoin as a store of value.

πŸ‘‰ GameStop To Build NFT Platform On Ethereum

GameStop has revealed a new web portal for a non-fungible token (NFT) platform, which calls for developers in the space to reach out to the company.

The page also contains and Ethereum address, with the linked smart contract code hinting at the use of ERC721 NFT tokens and a native token with the ticker “GME”.

πŸ‘‰ Iran Bans Bitcoin Mining Over Summer To Prevent Blackouts

An Iranian ban on Bitcoin mining begins today, set for a four-month period in an effort to curb blackouts across major cities in the country.

Concerns have been expressed over the cryptocurrency’s energy consumption, potentially blamed as the primary reason for several blackouts observed over the last week.

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