Crypto markets modestly bounced on Friday with BTC$109,271.26 back above $110,000. Ethereum’s ETH$4,024.96 outperformed with a 3.8% gain to cross $4,000, while DOGE$0.2314 rose 3.4% and SOL$200.54 added 2.5%. The cautious bid came as fresh inflation data landed squarely in line with forecasts. The Fed’s preferred measure of prices, the Personal Consumption Expenditures (PCE) index, … Read more
By James Van Straten (All times ET unless indicated otherwise) It’s a new day, but the same story: BTC$111,714.76 is struggling and ETH$4,005.54 is trying to hold the $4,000 range. Crypto bulls can take some comfort in the fact that there is only one week left in September, a historically bearish month, and what’s usually … Read more
ETH$4,017.82 led major cryptocurrencies lower during Thursday’s Asian trading hours, as odds of a U.S. government shutdown hit record highs on the decentralized betting platform Polymarket. The price of Yes-side shares for the betting contract “U.S. government shutdown in 2025?” rose to 77%, the highest since the contract’s launch in January. Traders are essentially pricing … Read more
An ETH$4,022.61 whale took a multi-million dollar loss on its bullish bet on Thursday after the cryptocurrency’s price dipped below $4,000 for the first time since Aug. 8. The whale address labelled 0xa523 had its leveraged bullish position worth 9,152 ETH ($36.4 million) forcibly liquidated by the decentralized exchange Hyperliquid, according to blockchain analyst Lookonchain. … Read more
Bitwise Asset Management says ETH$4,194.56 is rapidly cementing its place as a treasury asset. Digital asset treasuries (DATs), once largely bitcoin-centric, are now allocating to ether at scale, creating structural demand that exceeds net new supply, the firm said in a Monday report. “ETH treasuries are no longer a side story. They are becoming a … Read more
The cryptocurrency market wilted early Monday, with losses in bitcoin BTC$112,362.32, ether (ETH) and other major cryptocurrencies triggering the liquidation of leveraged bets worth $1.5 billion. The decline followed a supposedly dovish Fed interest-rate cut, which was expected to send the dollar index lower and encourage more risk-taking in crypto markets. “In recent days, there … Read more
BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether’s supply and raised $365 million to expand its holdings. The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin BTC$112,737.09, $345 … Read more
Crypto traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp sell-off that hit smaller tokens hardest. Ether, the second-largest token, slumped as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions were liquidated, according to data from Coinglass. It was recently 6% lower … Read more
Ethereum core developers have confirmed a tentative roadmap for the network’s next major upgrade, Fusaka, during Thursday’s All Core Developers Consensus (ACDC) call. The upgrade, designed to further scale the blockchain, is now scheduled for early December, with follow-up changes aimed at more than doubling blob capacity in the weeks after. Before the Fusaka upgrade … Read more
Cryptocurrency asset manager Grayscale is preparing to stake part of its massive Ether holdings, a move that could signal confidence that US regulators will soon permit staking within exchange-traded products. Onchain data from Arkham Intelligence showed Grayscale transferred more than 40,000 Ether (ETH) on Thursday, activity consistent with positioning for staking rewards. Arkham noted that … Read more