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.
ETH continues its “up only rally” after breaking $3,000, as an Ethereum trader says the price could top between $7,000 and $10,000 this cycle.
The US SEC has extended its decision deadline on whether to allow in-kind redemptions for Bitwise’s spot Bitcoin and Ether ETFs on NYSE Arca.
Crypto criminals are using crosschain tools such as bridges, DEXs and coin swappers to obscure $21.8B in illicit flows across multiple blockchains.
Spot Ether ETFs saw record daily inflows on Wednesday, led by BlackRock and Fidelity, pushing total holdings to cross over 4% of the token’s circulating supply.
As Ethereum marks a decade, Consensys touts its security architecture and “trustware” thesis as key to its long-term role in global finance.