Key takeaways: ETH’s price gains are driven by an uptick in network activity and robust spot ETF inflows. Data suggests $2,800 will remain a difficult hurdle for ETH to overcome. Ether (ETH) has traded within a relatively narrow range between $2,370 and $2,770 since May 10, yet several indicators suggest potential for upward movement. Ethereum…
Société Générale-Forge, the crypto subsidiary of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin. According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. United Kingdom-based financial services firm BNY will act as the custodian for the assets backing…
Staked Ethereum has clocked a new record as the asset’s price reclaimed a 12-day high amid major institutional accumulation. The amount of Ether (ETH) staked on the Beacon Chain reached a record high of 34.65 million ETH on Sunday, eclipsing the previous high on Nov. 10, 2024. The amount of Ether staked has been relatively…
Key takeaways: Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows. ETH’s Gaussian channel indicator suggests a rally to $3,100 to $3,600 could occur. Ethereum’s native token, Ether (ETH), has consolidated between $2,300 and $2,800 for the past 30 days, but this sideways…
Key points: Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins. Many major altcoins are stuck in a range, but HYPE is showing signs of strength. Bitcoin (BTC) made a solid start to the week, sprinting toward the overhead resistance zone of $109,588 to $111,980. The move higher may…
As the broader Ethereum ecosystem and its core principles evolve to address data privacy concerns, a new proposal recommends a modular compliance strategy as a path to reconcile public blockchains with the European Union’s General Data Protection Regulation (GDPR). On June 9, a proposal drafted by Ethereum community member Eugenio Reggianini suggested the use of…
Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve. Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a…
Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale. In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed…
US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows. On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow…
Despite a week of price consolidation for Bitcoin (BTC), emerging digital asset legislation may provide the next significant catalyst for the world’s first cryptocurrency. Upcoming stablecoin rules, such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, may lay the foundation for a Bitcoin cycle top of over $150,000, according to Alice…