Ethereum has hit a new all-time high today, breaking its previous high of $4,467, as its hashrate also broke records. Ethereum (ETH) has hit a new all-time high price of $4,468.38 today, after breaking through its previous all-time high of $4,467 at approximately 9:30 EST.

The new price record coincides with an all-time high for Ethereum’s hashrate, the measure which shows the processing power of the Ethereum network. According to Etherscan.io, Ethereum’s hashrate hit 812,768.9228 GH/s yesterday.
What’s more, Ethereum’s all-time hashrate high has in turn coincided with news that the supply of ETH is on pace to shrink following the network’s much anticipated Ethereum 2.0 upgrade.more

CME will make Ethereum micro futures available on December 6. The Chicago Mercantile Exchange (CME) today announced that it will offer Ethereum micro futures on December 6. This will allow investors to make much smaller trades than with current Ethereum futures contracts, the marketplace said.

Right now, CME's Ethereum futures contracts—launched in February—allow investors to bet on contacts priced at 50 ETH, or $224,780-worth of the cryptocurrency. But the micro Ethereum contracts will be priced at one-tenth of one ETH: around $449.56 at the time of writing. CME launched Bitcoin micro futures back in May due to the rising price of the asset. The idea, the marketplace said, is that retail investors or institutional investors wanting flexibility can get involved by making smaller investments.

Futures contracts are obligations on traders to buy or sell an asset at a certain price on a given future date. It's a huge market, and the futures 24-hour volume on exchanges is much higher than the spot volume (the buying and selling of a cryptocurrency.) For example, on Binance, the world's biggest exchange, the 24-hour spot trading volume stands at $34 billion. Its derivatives operation, though, stands at $80 billion.more

SOL is now the fifth-largest crypto asset by market cap. SOL, the native coin of the smart contract-enabled blockchain Solana, has risen in price by 7% over the last 24 hours to become the fifth-largest cryptocurrency by market capitalization, according to CoinGecko.
In doing so, it has flipped Cardano's ADA, which has been unable to keep pace with its fellow "Ethereum killer." ADA's price is up 2% on the day, but it has shed 8% of its value over the last week. Solana's market cap now stands at above $64 billion, compared to $63.5 billion for Cardano. Solana has been faster out of the gate than Cardano, moving quickly to bring the principle aspects of Ethereum—smart contracts, decentralized finance (DeFi) applications, NFTs, and the like—to a speedier and less-congested network.more

The company behind the New York Subliners is teaming up with Moonwalk to release NFTs that provide unique rewards, both in real life and in the "metaverse." Andbox is a major player in the growing esports industry as the company behind the Call of Duty League’s New York Subliners and the Overwatch League’s New York Excelsior—both teams in prominent franchised leagues. Now the company is set to enter the NFT space.

Today, Andbox announced a partnership with Moonwalk, a blockchain startup that creates utility around NFT collectibles, enabling them to be used for rewards as well as special fan access, ticketing, and other potential uses. Moonwalk has previously worked with partners ranging from musician G.more

The heads of the CFTC and SEC are both looking to expand their agency's authority to regulate crypto assets. Appearing before the committee as part of his confirmation hearing, Behnam said that the agency's recent enforcement actions against derivatives exchange BitMEX and stablecoin issuer Tether prove the agency has what it takes. However, he added, "this is the tip of the iceberg" given the now $2.6 trillion crypto market cap, most of which he classified as commodities—raw or basic goods that can be traded on exchanges.

"I think it's important for this committee to...consider expanding authority for the CFTC," Behnam told Committee Chair Debbie Stabenow. While he acknowledged that "this would certainly be a departure from our historical role as a derivatives regulator," he pointed to the rapid growth of the sector and potential risks to both investors and financial stability.more info

ETF issuer Direxion wants to release a product that gives Wall Street investors the chance to bet on Bitcoin's price going down. An ETF is a popular investment tool traded on a stock exchange that lets people buy shares that represent a particular asset, sector, commodity, or security.

The first-ever U.S. Bitcoin-related ETF, ProShares’ Bitcoin Strategy ETF, started trading on the New York Stock Exchange last week. The futures ETF, which lets investors buy and sell shares that represent contracts betting on the price of Bitcoin, was hugely popular: it traded almost $1 billion in shares on its first day, which nearly broke the record for a debuting ETF.more info

The lifestyle entrepreneur seeks success in yet another business endeavor: festive Ethereum NFT collectibles. Lifestyle entrepreneur and television personality Martha Stewart has found success in a wide array of creative and business pursuits, including books, magazines, home furnishings, and packaged food. Now she’s bringing her brand to a relatively new medium with a blazing hot market: NFTs.

Today, Stewart launched Fresh Mint, an online platform devoted to NFTs. The Ethereum-based NFTs were created in partnership with Tokns Commerce, and while they are showcased via the Fresh Mint website, the sales and auctions actually take place on OpenSea, the leading NFT marketplace.more