Tag: Ether

XRP ‘Healthy Correction,’ Ether Supply Decline: Hodler’s Digest

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Top Stories of The Week Australian fintech Finder wins court battle over crypto yield product The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years.  In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn complied with consumer financial laws. The federal court “confirmed the initial finding that Finder Earn was not a financial product,”…

Spot Ether ETFs Hit $453M in Inflows, Extend 16-Day Streak

Spot Ethereum exchange-traded funds (ETFs) posted another strong session on Friday, drawing $452.72 million in net inflows and extending their inflow streak to 16 consecutive trading days, according to data from SoSoValue. BlackRock’s iShares Ethereum Trust (ETHA) once again dominated the charts, pulling in $440.10 million in daily net inflows. The fund now commands $10.69 billion in assets, the largest share among US Ether (ETH) ETFs. Bitwise’s ETHW followed at a distant second with $9.95 million, while Fidelity’s FETH added $7.30 million. Grayscale’s ETHE, however, continued to see redemptions, losing…

Ether Machine launches for Institutional Yield after the GENIUS Act

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Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy, which may increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers. Signaling growing demand for the world’s second-largest cryptocurrency, a group of crypto researchers and public market experts…

Bitcoin & Altcoins Expansion Waiting Room as ABC Completes with Leaders, XRP’s Time as Appeal Drops

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Backer Newsletter – Blockchain Backer’s Technical Analysis Toolkit for Crypto – Blockchain Backer 702 Digital Art NFT Collection on XRP – Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts. DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The…

Analysts Predict $8 Ether Price as ETH Follows Global M2 Money Supply Expansion

Key takeaways: Analysts say Ether is undervalued and should be above $8,000, as global M2 money supply hits a record $95.58 trillion. A falling Bitcoin dominance adds fuel for ETH bulls, with Bitcoin’s market share dropping 8.5% since June 27. Analysts say Ether (ETH) is undervalued and “should be trading above $8,000” as global liquidity, measured by broad money supply (M2), hit a new record high of $95.58 trillion on Friday. ETH price following M2 breakout Global liquidity supply, or M2, aggregates US dollar-adjusted liquidity from major economies including the…

Ether ETFs Inflows Surpassed Bitcoin ETFs Inflows For The Past 6 Trading Days.

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US investors poured more into spot Ether exchange-traded funds than their Bitcoin counterparts over the last six trading days, as institutional interest in Ethereum surged this week.  Spot Ether ETFs recorded a net inflow of nearly $2.4 billion in the past six trading days, far above spot Bitcoin ETFs, which recorded only $827 million during the same period, according to Farside Investors.  Ether ETF inflows also outpaced Bitcoin ETFs for each of the last six trading days.  Ether ETFs’ net inflow in the past six days hit $2.39 billion. Source:…

Ether May Soon Outperform Bitcoin: Michael Novogratz

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Rapidly growing institutional interest in Ethereum could trigger a supply shock and position Ether to outperform Bitcoin in the next six months, says Galaxy Digital CEO Michael Novogratz. “There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,” Novogratz told CNBC on Thursday. Ether is “destined to at least knock” on $4,000 “If ETH takes out $4,000, it goes into price discovery,” he said, referring to a level that represents an approximate 8.5%…

Ether ‘Looking Vulnerable’ In Near Term, But Long-Term Bullish

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Ether may be heading for an unstable period in the near term, as the cost of borrowing wrapped Ether has spiked and technical indicators point to overvaluation, according to a crypto analyst.  “We believe Ethereum is looking vulnerable in the near term,” 10x Research head of research Markus Thielen told Cointelegraph on Wednesday. “The market is entering a quieter summer stretch — particularly in the US during August — while technical indicators remain deeply overbought.” WETH “less appealing” amid funding rate surge Thielen explained that a significant risk for Ether’s…

Watch These Ether Price Levels with ETH Signaling ‘Further Upside”

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Key takeaways: Ether dropped to $3,500 on Thursday, but onchain data shows no signs of a deeper drop, suggesting more growth potential in 2025. ETH price resistance at $4,500 remains the main barrier for now. Market analysts say Ether’s (ETH) uptrend remains intact despite the latest 9% drop from its seven-month highs. Data from Cointelegraph Markets Pro and TradingView shows that Ether’s price action reclaimed the $3,600 level after a flash crash to $3,500 during the early Asian trading hours on Thursday. Ether price faces “lower selling pressure” The ETH/BTC…