A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether (ETH) yield, it announced on Monday. It is co-founded by Andrew…
Key takeaways: Ethereum could surge toward $8,000 as it enters the final phase of a long-term bullish pattern. The pattern is strikingly similar to Dow Jones’s bullish structure from 1980. Other indicators also hint at gains in Ethereum markets in the coming months. Ethereum’s native token, Ether (ETH), is on the verge of a “final…
Blockchain-based investment products and compliance tools are poised to become more than 10 times faster and cheaper than traditional finance (TradFi) offerings, spurring increased digital asset adoption among financial institutions. Traditional financial compliance products are often fragmented and expensive due to complex manual processes, resulting in billions of dollars in costs for institutions. “Compliance is…
The US Securities and Exchange Commission (SEC) met with industry players to discuss a token standard that could support the compliant issuance and transfer of tokenized securities. The SEC’s Crypto Task Force met with Ethereum-aligned organizations last Thursday, including the ERC-3643 Association, Chainlink Labs, the Enterprise Ethereum Alliance and Linux Foundation (LF) Decentralized Trust. During…
Cryptocurrency investment products posted record-breaking inflows last week as they recorded gains for a 14th consecutive week. Global crypto exchange-traded products (ETPs) recorded $4.4 billion of inflows for the trading week that ended Friday, CoinShares reported on Monday. The inflows came amid Bitcoin (BTC) surging past $122,000 for the first time on July 14, then…
Ethereum core developers have tentatively chosen November to release the protocol’s next major hard fork, called Fusaka, aimed at making the network more efficient and scalable. Meanwhile, feature upgrades in the Glamsterdam hard fork, the next upgrade after Fusaka, are set to be confirmed on Aug. 1. The Ethereum community has been pushing for more…
Ethereum’s throughput ticked up on Sunday as more validators signalled their support for increasing Ethereum’s gas limit to 45 million units, which will reduce transaction fees and enable improved network scaling. Ethereum’s gas limit rose to over 37.3 million units on Sunday, according to Etherscan, up almost 3% from levels late last week, while…
Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary. Bitcoin (BTC) circled $18,500 into Sunday’s weekly close…
James Wynn, a crypto trader known for his high-leverage crypto bets, has initiated two major leveraged positions, including a 25x long on Ether and a 10x long on PEPE. According to onchain data, Wynn’s Ether (ETH) position amounts to 3,269 ETH, valued at approximately $12.12 million, with an entry price of $3,726.28. His kPEPE (the name…
Spot Bitcoin ETFs recorded a net inflow of $363 million on Friday, marking the twelfth consecutive day of net inflows amid strong investor interest. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with a net addition of $496.75 million, strengthening its position as the largest spot Bitcoin (BTC) ETF with $86.50 billion in assets, according…