The lack of yield-bearing options for US-regulated stablecoins under the GENIUS bill will drive investors to search for interest elsewhere, analysts said.
Bitcoin testing underlying support, and the potential start of an altcoin season have traders focusing on XLM, LTC, ETC and BNB.
Bitcoin adoption has been soaring, leading up to the optimistic regulatory expectations related to “Crypto Week” in Washington.
Fintech firms are poised to adopt DeFi lending due to its permissionless nature, according to the co-founder of Morpho.
The company holds more than 280,000 ETH in its treasury. It has bought ETH worth $515M in the past nine days.
Surges in the price of Ether and XRP have driven total crypto market capitalization to record highs just shy of $4 trillion.
The mining firm has raised $6 million and is set to dump Bitcoin in favor of Ethereum, targeting tens of millions in ETH reserves by year-end.
The “hard data” signals that Ether is not due for a correction anytime soon, according to Felix Xu, a partner at crypto hedge fund ZX Squared Capital.
Ethereum’s role in stablecoins, RWAs, and DeFi is fueling institutional interest, positioning ETH as a reserve asset, store of value, and digital oil.
Staking for crypto exchange-traded funds has been a feature long sought by traditional financial institutions and asset managers.