Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Shorts should now fuel a $4,000 ETH price rebound. Ether (ETH) is “making history” as ETH price gains spark a short squeeze for the record books….
Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto…
The US fresh stablecoin legislation could create more demand for Ether (ETH) and decentralized finance applications, which are primarily based on the Ethereum network, according to analysts. The GENIUS bill, signed into law by US President Donald Trump on Friday, bans yield-bearing stablecoins, cutting off interest-earning opportunities for institutions and retail traders. This type of…
Key points: Continuation of Bitcoin’s consolidation seems likely in the near term, but the trend remains positive as long as the price remains above $110,530. Charts for BNB, XLM, LTC, and ETC are looking positive. Bitcoin (BTC) remains in a consolidation phase as bears thwart the bulls’ attempt to sustain the price above $120,000. According…
Optimistic regulatory expectations became the focal point for cryptocurrency investors this week, following an event dubbed by the US government as “Crypto Week,” during which lawmakers sought to pass three key regulatory bills for the Web3 industry. Fueled by the optimistic outlook, Bitcoin (BTC) flipped Amazon’s $2.3 trillion market capitalization and soared to become the…
Financial technology (Fintech) companies may move away from traditional lending services, as decentralized alternatives offer more accessible loans with smaller fees. Decentralized finance (DeFi) lending protocols enable users to lend and borrow their cryptocurrency for passive income in a permissionless manner, via smart contracts instead of numerous financial intermediaries. The growing efficiency and accessibility of…
Joseph Lubin-backed SharpLink Gaming has drastically increased the equity it intends to sell to scoop up more Ether — and has added $515 million of Ether (ETH) to its treasury in just the last nine days. In a prospectus supplement filed with the US Securities and Exchange Commission on Thursday, SharpLink said it has increased…
Total crypto market capitalization is within striking distance of the $4 trillion milestone, driven by a daily surge in Bitcoin, Ether, XRP and other cryptocurrencies as three major crypto bills were passed in the US House. A $4 trillion market cap would place cryptocurrencies just behind Nvidia, the biggest publicly-listed company in the world, which…
Ether’s meteoric rally to $3,600 on Thursday is unlikely to retreat as long as two key macro conditions continue to hold, a hedge fund executive says. “All the hard data that arrived this week argues against a rapid reversal,” crypto hedge fund ZX Squared Capital partner Felix Xu told Cointelegraph on Thursday. ETFs are booming,…
Blockchain technology and mining company BTC Digital has gone all-in on Ethereum in a strategic shift and the closure of a $6 million financing round. The firm, listed under the ticker BTCT on the Nasdaq, announced a “transformative, strategic shift” to fully embrace Ether (ETH) as its “core asset and operational foundation” on Thursday. The company…