“Stablecoins are spreading the dollar faster than any financial tech in history,” said Electric Capital General Partner Maria Shen on Tuesday. “Ethereum is becoming the financial backbone,” she added, referencing a newly published research report on stablecoin demand for Ethereum’s tenth birthday. For the first time, anyone across the globe can hold US dollars via […]
Last week, digital asset investment products saw $1.04 billion in inflows. The figure marks twelve straight weeks of positive momentum, logging total inflows at $18 billion. Price increases during the week lifted total assets under management to a record $188 billion. Meanwhile, trading volumes hit $16.3 billion, which aligned with the average weekly volume observed […]
Bit Digital has gone all-in on Ethereum after offloading all of its Bitcoin to buy ETH. The Nasdaq-listed company raised $172 million from its BTC sales and acquired over 100,000 ETH, becoming the latest corporate Ethereum treasury firm. “Following a $172 million public equity raise and conversion of its balance sheet from Bitcoin to Ethereum, […]
Fundstrat’s Tom Lee is “the most bullish thing to happen to Ethereum this year,” opined Ryan Sean Adams, co-founder of Bankless, on Friday. Bitcoin bull Lee has made some famous predictions about BTC, stating on CNBC in 2017 that it would reach $55,000 when it was trading around $2,000 at the time. This was at […]
Corporate treasuries have surpassed ETFs for Bitcoin purchases for a third consecutive quarter. Around 131,000 BTC was accumulated by public companies in the second quarter, growing their Bitcoin balance by 18%. Meanwhile, ETFs accumulated 111,000 BTC with an 8% increase over the same period, according to Bitcoin Treasuries. More companies are “trying to benefit from […]
Ethereum is “getting its own MicroStrategy era,” said former developer Eric Conner on X on Tuesday, drawing comparison to the world’s leader in corporate Bitcoin accumulation: Michael Saylor’s Strategy. The developer highlighted two “live experiments” of companies that have already started Ethereum treasuries, Tom Lee’s BitMine and Joe Lubin’s SharpLink. These two could be the […]
A Bloomberg report has revealed that former Blackstone Inc. executive Chinh Chu and Reeve Collins, co-founder of stablecoin giant Tether, are teaming up to raise $1 billion for a listed crypto vehicle that aims to build a portfolio of digital assets. The capital is being raised through M3 Brigade Acquisition V Corp, a Special Purpose […]
On Tuesday, the largest publicly traded holder of Ethereum announced that it had strategically increased its total holdings to 188,478 ETH. The firm acquired an additional 12,207 ETH for $30.6 million at an average price of $2,513 per ETH, between June 16 and 20, it added. SharpLink’s Ethereum treasury is currently worth around $460 million […]
A new report from Flashbots has warned that Maximum Extractable Value (MEV) is quietly becoming one of the biggest roadblocks to blockchain scaling. According to the research, rampant “spam auctions” driven by MEV searchers are systematically consuming most of the new capacity on high-throughput chains like Solana and Ethereum Layer-2s (L2s), neutralizing scaling gains and […]
In a display of crypto’s long game paying off, a participant in Ethereum’s 2014 Initial Coin Offering (ICO) awoke after 10 years of dormancy and deposited 2,000 ETH that they had acquired at the time onto Binance. If they cashed out, the potential windfall from a mere $620 investment during Ethereum’s genesis would represent an […]