Grayscale’s ETHE Shares Approach Record 60% Discount – January 3

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,616

Bitcoin price continues to extend its low-volatility price action, remaining comfortably in the $16,000s once again.

Top-20 altcoins have mostly seen mall losses over the last 24 hours, as Ether and BNB each drop 1%, while Solana stands out with a strong 19% rally.

Top Stories for January 3, 2022 πŸ”₯

πŸ‘‰ Grayscale’s ETHE Shares Approach Record 60% Discount

The Grayscale Ethereum Trust (ETHE) is currently trading at a discount of almost -60% – a new record for the investment product. The discount has been increasing since the end of 2020, and accelerated in Q4 of last year.

Prior to the second quarter of 2021, ETHE consistently traded at a premium, reaching a high of nearly 950% in June 2020.

Reasons for the decline in ETHE’s value are believed to be a combination of low faith in the fund being redeemable soon, low faith in the approval of a spot exchange-traded fund (ETF), and low faith in the overall outlook for the cryptocurrency market.

πŸ‘‰ Startup Creates Heaters Powered By Bitcoin Miners

A startup has developed space heaters that can warm a small studio apartment and mine bitcoin at the same time.

The heaters, produced by HeatBit, are about the size of a large PC tower and come in a variety of colors. IT have sold nearly 1,000 units globally since their introduction earlier this year.

The heaters use integrated circuits to process bitcoin transactions and generate heat through the mining process, which is facilitated by bitcoin mining pool Nicehash.

πŸ‘‰ Pharmacies In Ukraine Partner With Binance Pay To Accept Crypto

ANC Pharmacy, one of the largest pharmacy chains in Ukraine, has partnered with Binance to accept crypto payments via contactless crypto payments service, Binance Pay.

The chain operates more than 1,000 pharmacies across the country, including its own online pharmacy service. Purchases made online via the Binance application can pick up their orders at their preferred location.