{"id":1049,"date":"2024-05-27T13:34:57","date_gmt":"2024-05-27T13:34:57","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=1049"},"modified":"2024-05-27T13:34:57","modified_gmt":"2024-05-27T13:34:57","slug":"pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/","title":{"rendered":"Pi42 Weekly Roundup: ETH Soars on ETF News, Trader Community Thrives!"},"content":{"rendered":"\n<p>This week, the Wild West of crypto witnessed another gold rush with the long-awaited <strong>Ethereum ETF approval in the US!<\/strong> Strap on your Stetsons and get ready for a whirlwind of exciting developments and a thriving Pi42 community that&#8217;s more vibrant than ever!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d398ef8e591\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d398ef8e591\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#eth-takes-center-stage\" >ETH Takes Center Stage:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#pi42-users-ride-the-eth-wave\" >Pi42 Users Ride the ETH Wave:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#top-traded-pairs\" >Top Traded Pairs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#exciting-new-features-on-the-horizon\" >Exciting New Features on the Horizon!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#contests-rewards-galore\" >Contests &amp; Rewards Galore!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#our-ceo-avinash-shares-insights-on-the-global-impact-of-etfs\" >Our CEO, Avinash Shares Insights on the Global Impact of ETFs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/#meet-ups-across-india-continues\" >Meet-Ups Across India Continues:<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"eth-takes-center-stage\"><\/span><strong>ETH Takes Center Stage:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/pi42.com\/trade?symbol=ETHINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\"><img loading=\"lazy\" decoding=\"async\" width=\"1081\" height=\"1081\" data-attachment-id=\"1051\" data-permalink=\"https:\/\/pi42.com\/blog\/pi42-weekly-roundup-eth-soars-on-etf-news-trader-community-thrives\/image-5-2\/\" data-orig-file=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/05\/image-5.png\" data-orig-size=\"1081,1081\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-5\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/05\/image-5.png\" data-large-file=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/05\/image-5.png\" src=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/05\/image-5.png\" alt=\"\" class=\"wp-image-1051\"\/><\/a><\/figure>\n\n\n\n<p>The news of the ETH ETF sent shockwaves through the market, propelling Ethereum&#8217;s price by a staggering 26.5% in just the past week. This follows the phenomenal surge of Bitcoin after its own ETF approval earlier this year.&nbsp;<\/p>\n\n\n\n<p>Are you ready to leverage this incredible opportunity? Pi42 offers the perfect platform to navigate these market movements!<br><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/pi42.com\/trade?symbol=ETHINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Trade Now<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"pi42-users-ride-the-eth-wave\"><\/span><strong>Pi42 Users Ride the ETH Wave:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Our savvy Pi42 traders mirrored the market sentiment, with a whopping 50.69% of their trading volume focused on long positions. While 49.31% opted for short positions, the overall trend reflects the bullish outlook on the mainstream adoption.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"top-traded-pairs\"><\/span><strong>Top Traded Pairs:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Unsurprisingly, ETH-INR was the most traded pair on Pi42 this week. 1000PEPE-INR and BTC-INR rounded out the top three, indicating continued interest in meme coins and Bitcoin.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"exciting-new-features-on-the-horizon\"><\/span><strong>Exciting New Features on the Horizon!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We&#8217;re constantly innovating to enhance your trading experience. Here&#8217;s a sneak peek at the features rolling out soon:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Leaderboard:<\/strong> Compete with fellow Pi42 enthusiasts and showcase your trading prowess on the brand new leaderboard!<\/li>\n\n\n\n<li><strong>Smoother Onboarding:<\/strong> Say goodbye to friction! Our streamlined onboarding process ensures a seamless start to your Pi42 journey.<\/li>\n\n\n\n<li><strong>Enhanced Feedback System:<\/strong> Sharing your feedback is now easier than ever!<\/li>\n\n\n\n<li><strong>Nominee Details Integration:<\/strong> Provide nominee details with greater ease for a smoother experience.<\/li>\n\n\n\n<li><strong>Faster Transactions:<\/strong> Experience lightning-fast transaction speeds for an uninterrupted trading experience.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.pi42.app\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore the App<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"contests-rewards-galore\"><\/span><strong>Contests &amp; Rewards Galore!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This week, the Pi42 community continued to thrive with exciting contests:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Jo Trade Kiya Wahi Sikandar &#8211; Edition 5:<\/strong> Congratulations to the 3 champions who emerged victorious in this fierce trading battle!<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/x.com\/Pi42Exchange\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/XAUw8irulLuHxhhr4WJpjKXFYvwe1tZV8JBXbHg5d3GbS0YdRck11IzdyEojR6zTpeJ-LJaqX6jV4MQtZV0BWTNIVJaVAXNlJUyS8DvoJ7DSr3WTOLs0o-tU6TNREb7BdsEIwsXMS3wX3XITF9SkvpA\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>The G.O.A.T. (Greatest of All Traders) Contest Continues!<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ETHINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/Ye2nvja-RafZQxB8u291gVp3Igq7MgZF07XUeKt0PosqxY-bIpWB8NXv7JWe0_mXZLOsi_yvHXC0HtuQugwMfTSokv0M4FR2SjIEHf1aF8gR2k04GtlAAEe_XSj6fQh_cFfdHyZguJWrGXduLDqqwzw\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>The hunt for the G.O.A.T. rages on! Every week, winners with the highest ROI are crowned. Participate now and win a chance to claim the coveted title and a whopping INR 50,000!<\/p>\n\n\n\n<p><strong>FWB &#8211; We&#8217;ve the winner!<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/user\/referral?utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/dTRgsmVaoMSFAhAcvLOn2sxLEXq0Jr-6GyTT4dMdlgMqahY9awyOJZS92h3g6roF4RtAZt-8FhMEUCXs5r1HY6w_PjoYY_Fg_eqBzb2OVjdzqBXd6JPKSgCtHzD0Nwrb5gtELEWSDgfm3JIfLSLC60Y\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>A big congratulations to the winner of the FWB &#8211; Ultimate Referral challenge! Welcome to the Pi42 community!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/pi42.com\/user\/referral?utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Refer &amp; Earn<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Join the Pi42 Telegram Crew!<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ETHINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/1pCVnxHFLtKs-qQm0kg-KIe6CottMcCp_-Ts12TJGpUhJbg5kLlXXvBnhkw_ncs7pna3x6T0FJNvyRm9lU2GSskbuhWrc5i1JaC3luEpUiaSroeUm1Fg513A0K7V03n7WLrf3dsdnRweWdHeKIhLMV0\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Become part of our vibrant Telegram community and enjoy a free INR 20,000 to trade with! Simply join our exchange and follow us on Telegram. It&#8217;s that easy!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"our-ceo-avinash-shares-insights-on-the-global-impact-of-etfs\"><\/span><strong>Our CEO, Avinash Shares Insights on the Global Impact of ETFs:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"zak-oembed-container\"><div class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"The US Bill Enables Innovation &amp; Participation In The Sector Of Digital Currencies: Pi42 Exchange\" width=\"812\" height=\"457\" src=\"https:\/\/www.youtube.com\/embed\/Z83t_oB0V9w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/div>\n<\/div><\/figure>\n\n\n\n<p>Our CEO, Avinash Shekhar, graced CNBC to share his valuable insights on the recent ETF approvals and their global impact, including the potential effects on the Indian market. Don&#8217;t miss this insightful interview!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"meet-ups-across-india-continues\"><\/span><strong>Meet-Ups Across India Continues:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/Pi42India\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/d0MSp8IDqdV3TJCV17SYCBLlU2YV7HFHFrFOhjNv2Dd-siDKyFyoaFM-ZpY9Z3XDlJ3kcXaddmteLq6h22xvg0cJGCYdrDQj-qCOsqyWO3Ji9KOaT-9ajXze2E0rruZ_lpDDoxqJQYSqlydh9xeNJhA\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>This week, the Pi42 community spirit continued to flourish with successful meet-ups in Mumbai and Hyderabad. These events foster learning, strategy sharing, and a sense of belonging among crypto enthusiasts.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/t.me\/Pi42India\"><strong>Join our Telegram<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Stay Tuned!<\/strong><\/p>\n\n\n\n<p>The Pi42 team is dedicated to providing you with the best possible trading experience. Stay tuned for more exciting announcements, contests, and educational resources!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, the Wild West of crypto witnessed another gold rush with the long-awaited Ethereum ETF approval in the US! Strap on your Stetsons and get ready for a whirlwind of exciting developments and a thriving Pi42 community that&#8217;s more vibrant than ever! ETH Takes Center Stage: The news of the ETH ETF sent shockwaves [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":369,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"zakra_page_container_layout":"customizer","zakra_page_sidebar_layout":"customizer","zakra_remove_content_margin":false,"zakra_sidebar":"customizer","zakra_transparent_header":"customizer","zakra_logo":0,"zakra_main_header_style":"default","zakra_menu_item_color":"","zakra_menu_item_hover_color":"","zakra_menu_item_active_color":"","zakra_menu_active_style":"","zakra_page_header":true,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28],"tags":[178,11,6,9,168,177,12,10,8],"class_list":["post-1049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-digest","tag-cnbc","tag-crypto-exchange","tag-crypto-futures","tag-crypto-trading","tag-eth-etf","tag-ethereum-etf","tag-indian-crypto-exchange","tag-pi42","tag-web3-community"],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2023\/12\/Weekly-Digest.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/comments?post=1049"}],"version-history":[{"count":3,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1049\/revisions"}],"predecessor-version":[{"id":1054,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1049\/revisions\/1054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/369"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=1049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=1049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=1049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}