Latest news with #Bankless
Yahoo
08-08-2025
- Business
- Yahoo
Ethereum Transactions Hit Record High as Staking, SEC Clarity Fuel ETH Rally
Ethereum network transactions rose to a record high as levels of staked ether (ETH) climbed to a record high, lifted by a regulatory boost for liquid staking. The seven-day average of daily transactions on the blockchain touched 1.74 million earlier this week, overtaking the previous record of 1.65 million set on May 12, 2021. The activity surge comes as the Securities and Exchange Commission's Division of Corporation Finance said certain liquid staking activities and 'staking receipt tokens' do not constitute securities under the 1933 Securities Act, provided they meet a strict set of assumptions. Such a stance is bullish. It reduces legal uncertainty, making it safer for institutions and platforms to offer liquid staking products. That can boost demand for staked tokens like ETH, lock up more supply and support higher prices by reducing selling pressure. More than 36 million ETH, or almost 30% of supply, is now locked in staking contracts, data from Dune Analytics shows. That's a signal that holders are willing to forgo liquidity for yield as prices make a push toward $4,000, a level not seen since December. ETH's price action has also been supported by the growing footprint of public 'crypto treasury companies,' or firms that buy and hold tokens directly or through dedicated vehicles. Those holding ETH now control $11.77 billion worth of the second-largest cryptocurrency, led by BitMine Immersion Technologies with 833,100 ETH ($3.2 billion), SharpLink Gaming with $2 billion, and The Ether Machine with $1.34 billion. Ethereum co-founder Vitalik Buterin backed the trend in a Thursday podcast, saying treasury vehicles give investors more options, particularly those with different financial constraints. Still, he warned, excessive leverage could backfire. 'ETH just being an asset that companies can have as part of their treasury is good and valuable … giving people more options is good,' Buterin said. 'If you woke me up three years from now and told me that treasuries led to the downfall of ETH … my guess would be that somehow they turned it into an overleveraged game,' he told the Bankless podcast, outlining a scenario where forced liquidations cascade into deeper price losses. Buterin expressed confidence that ETH investors would avoid such pitfalls, quipping, "these are not Do Kwon followers," referring to the founder of the failed Terra project. ETH has rallied 163% from April's low of $1,470 to trade near $3,909, narrowing its performance gap with larger rival bitcoin (BTC) and and Solana's sol (SOL). More than 500,000 ETH — valued about $1.8 billion — was staked in the first half of June alone, according to CryptoQuant's Onchainschool, which said the trend signals 'rising confidence and a continued drop in liquid supply.' Sign in to access your portfolio
Crypto Insight
08-08-2025
- Business
- Crypto Insight
Vitalik backs Ethereum treasury firms, but warns of overleverage
Ethereum co-founder Vitalik Buterin threw his support behind Ether treasury companies, but warned that the trend could spiral into an 'overleveraged game' if not handled responsibly. In an interview with the Bankless podcast released on Thursday, Buterin said the growing number of public companies buying and holding Ether was valuable because it exposes the token to a broader range of investors. 'There's definitely valuable services that are being provided there,' Buterin said. He added that companies buying into ETH treasury firms instead of holding the token directly gives people 'more options,' especially those with 'different financial circumstances.' So-called crypto treasury companies have become a hot trend on Wall Street, garnering billions of dollars to buy up and hold swaths of cryptocurrencies, with the most popular plays being Bitcoin and Ether. Leverage must not lead to ETH's 'downfall' Buterin tempered his support with caution, stressing that ETH's future must not come at the cost of excessive leverage. 'If you woke me up three years from now and told me that treasuries led to the downfall of ETH, then, of course, my guess for why would basically be that somehow they turned it into an overleveraged game.' He outlined a worst-case chain reaction where a drop in ETH's price turned into forced liquidations that cascaded and drove the token's price down, also causing a loss of credibility. Are ETH Treasuries good for Ethereum?@VitalikButerin thinks they can be: 'ETH just being an asset that companies can have as part of their treasury is good and valuable… giving people more options is good.' But he also issues a warning: 'If you woke me up 3 years from now… — Bankless (@BanklessHQ) August 7, 2025 However, Buterin is confident that ETH investors have enough discipline to steer clear of such a collapse. 'These are not Do Kwon followers that we're talking about,' he said, mentioning the co-founder of the Terra blockchain that collapsed in 2022. ETH treasury firms now hold nearly $12 billion The market for public companies that hold Ether has ballooned to $11.77 billion, led by BitMine Immersion Technologies and SharpLink Gaming. BitMine holds 833,100 ETH worth $3.2 billion — the fourth-largest holdings among public companies that hold any cryptocurrency. SharpLink and The Ether Machine hold $2 billion and $1.34 billion worth of ETH, respectively, while the Ethereum Foundation and PulseChain round out the top five. ETH making a comeback ETH has seen a mixed year so far, falling from around $3,685 in January to a low of $1,470 on April 9, before rallying more than 163% to its current price of $3,870. The trend of ETH treasury firms has been a notable catalyst behind the token's resurgence. Its price rally has helped ETH close the gap on Bitcoin and Solana, which have led the current bull cycle. Source:
Yahoo
06-08-2025
- Business
- Yahoo
Tom Lee: Ethereum Is Having A '2017 Bitcoin Moment', Could Hit $15,000 By End Of 2025
Fundstrat co-founder Tom Lee predicts Ethereum (CRYPTO: ETH) may possibly overtake Bitcoin (CRYPTO: BTC) thanks to its use cases for Wall Street. What Happened: In an appearance on the Bankless podcast on Aug.6, Tom Lee predicts Ethereum could deliver a 100x return and potentially flip Bitcoin's market cap, driven by accelerating Wall Street adoption and Ethereum's central role in blockchain infrastructure. His new firm, Bitmine Immersion Techs (AMEX:BMNR), has already acquired 833,000 ETH, worth $3 billion, in just 27 days, 12x faster than Strategy's Bitcoin accumulation pace. Lee sees Ethereum's current moment as its '2017 Bitcoin moment', where institutional investors are just beginning to enter. He argues that ETH is becoming the legally compliant, yield-generating blockchain favored by traditional finance, pointing to projects like USDC (CRYPTO: USDC), Coinbase's Base, and Robinhood's L2 being built on Ethereum. Bitmine aims to accumulate 5% of total ETH supply, benefiting from both asset appreciation and staking yield (~3%), thus transforming treasury companies into revenue-generating infrastructure firms. Also Read: What's Next: Lee's bull case sees ETH reaching $7,000–$15,000 by year-end and possibly $20,000 longer-term, with a non-trivial chance of overtaking Bitcoin in network value. He downplays bubble risks, citing persistent bearish sentiment and lack of leverage, and urges investors to focus on ETH per share, velocity, and scarcity metrics over complex valuations. He concludes that the intersection of Wall Street, tech, and AI on Ethereum sets the stage for massive upside. Read Next:Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Tom Lee: Ethereum Is Having A '2017 Bitcoin Moment', Could Hit $15,000 By End Of 2025 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
05-03-2025
- Business
- Associated Press
Crypto Industry Insiders Partner With Founders of Money20/20, Future Proof, Fintech Meetup & Shoptalk to Launch Mint, a Groundbreaking New Crypto Event Where Real Business Gets Done
Events industry disruptors Anil D. Aggarwal, founder and former CEO of Money20/20, Fintech Meetup, Shoptalk and Groceryshop, and Matt Middleton, founder and CEO of Future Proof, have partnered with crypto industry insiders Mitul Parmar and Bitwise CIO Matt Hougan to launch Mint, a groundbreaking new U.S. crypto event where real business gets done. Mint will be held on September 14-17, 2025 on Huntington Beach, CA with 2,500+ leaders from the crypto community and a growing number of open-minded changemakers from traditional industries, including 175+ incredible speakers across 80+ insightful sessions. Mint sets a new standard for U.S. crypto events because: Mint is where real business gets done with a unique focus on real use cases, users, and revenue Mint features crypto's biggest ever meetings program with 25,000+ prescheduled 1:1 15-minute meetings, making it easy to meet new people, discover new companies, and capture incredible opportunities that deliver real results Mint includes crypto's largest ever peer collaboration program with 250+ curated and valuable intimate group discussions to discuss challenges, brainstorm opportunities, and share learnings Mint is the only entirely outdoor crypto event, and will be held on Huntington Beach in Southern California, making for a fun, first-class experience that combines incredible learning, efficient networking, and memorable social activities Mint is created by founders with a 15-year track record of disrupting incumbents and creating industry-leading events across multiple categories, including financial services and commerce, that deliver outsized results for everyone Mint has gained significant early, pre-launch traction with 70+ leading companies from crypto as well as traditional industries joining as Launch Partners and/or speakers, including: Alchemy Google Story Aptos J.P. Morgan Solana Foundation Ava Labs Kraken Sui Foundation Berachain Lightspark T-Mobile BinanceUS Monad Foundation Trust Wallet Coinbase Plaid Walmart FIS Polygon Worldpay Galaxy Republic Zero Hash Agora Kiln Reown Bitwise MIT Cryptoeconomics Lab Serotonin Blockdaemon Mesh Silicon Valley Bank CoinFund OrangeDAO Skybridge Capital DAWN Pantera Capital Socure DIMO PayPal Ventures Sol Strategies Dragonfly Capital Portal Sphere Electric Capital Proof of Coverage Stanford Blockchain Accelerator Figure Markets Privy Stellar Framework Ventures Prove Superstate GeoComply Public Syndicate Helium Mobile Quantstamp The Venture Dept. Hivemapper QuickNode Trust Machines Incode Render World Foundation Mint will feature the most popular crypto podcasts live onsite, including Bankless, Bits + Bips, Crypto Prime, Empire, Talking Bitcoin, and Unchained. Mint's 50+ early confirmed speakers include: Abe McCallum Bam Azizi Himal Makwana Head of Consumer Fintech Co-Founder & CEO Global Head of Corporate Strategy Walmart Mesh FIS Alex Kruger Christian Catalini Ian Lee Co-Host Founder Co-Founder Bits + Bips MIT Cryptoeconomics Lab Syndicate Amanda Cassatt Connor Lovely James Seyffart CEO & Founder Founder & CEO Co-Host Serotonin Proof of Coverage Bits + Bips Amir Haleem David Hoffman Jason Pate Founder & CEO Co-Founder Chief Strategy Officer Helium Mobile Bankless Plaid Andrew Durgee Dan Thygesen Jason Yanowitz President SVP, Product Partnerships & Growth Co-Host; Co-Founder of Blockworks Republic T-Mobile Empire Anthony Scaramucci Edward Woodford Jason Zhao Founder & Managing Partner CEO & Co-Founder Co-Founder Skybridge Capital Zero Hash Story Ariel Seidman Eowyn Chen Jess Houlgrave CEO & Co-Founder CEO CEO Hivemapper Trust Wallet Reown (fka WalletConnect) Arjun Sethi Eunice Giarta Jim Hiltner Co-CEO Co-Founder & GM Co-Founder, Head of Business Development Kraken Monad Foundation Superstate Avichal Garg Henri Stern Joe McCann Managing Partner Co-Founder & CEO Co-Host Electric Capital Privy Bits + Bips John Nahas Leif Abraham Nate Geraci Chief Business Officer Co-Founder & Co-CEO Host Ava Labs Public Crypto Prime Jules Urbach Lesley O'Neill Neil Chatterjee Founder Chief Compliance Officer CEO & Co-Founder Render BinanceUS DAWN Keerthi Moudgal Matt Hougan Nikil Viswanathan Executive Director, Head of Product - Kinexys Digital Assets Chief Investment Officer Co-Founder & CEO J.P. Morgan Bitwise Alchemy Keone Hon Matthew Homer Paul Veradittakit Co-Founder & GM General Partner Managing Partner Monad Foundation The Venture Dept. Pantera Capital Konstantin Richter Michael Anderson Rich Widmann Founder & CEO Co-Founder Head of Strategy, Web3 Blockdaemon Framework Ventures Google Laszlo Szabo Mike Cagney Rob Hadick Co-Founder & CEO Co-Founder and CEO General Partner Kiln Figure Markets Dragonfly Capital Laura Shin Nabil Manji Rob Solomon CEO & Journalist SVP, Head of Fintech Growth & Financial Partnerships Co-Founder Unchained WorldPay DIMO Leah Wald Natalie Brunell Shan Aggarwal President & CEO Host VP, Corporate & Business Development + Coinbase Ventures Sol Strategies Talking Bitcoin Coinbase Coinbase 'We believe crypto and blockchain are at the tipping point, ready to transform a wide range of industries over the coming years,' said Mitul Parmar, Co-Founder and CEO of Mint. 'Mint was created to catalyze that transformation and take crypto from awareness to mass adoption by accelerating crypto's pursuit of real users, revenue, and use cases.' 'For more than a dozen years, Matt Middleton and I have had outsized success in launching and leading disruptive new events, each of which have set completely new standards in their respective sectors with cutting-edge experiences, programs, and formats that we've pioneered,' said Anil Aggarwal, Co-Founder of Mint. 'We're looking forward to doing it again, this time by bringing together the already tight-knit crypto community, and helping bridge it to the most open-minded changemakers at the frontier of traditional industries.' For more information about Mint, visit follow us on X, LinkedIn, and Instagram, and join our Telegram group. About Mint From the founders of Money20/20, Future Proof, Fintech Meetup and Shoptalk, Mint is a groundbreaking new U.S. crypto event featuring unprecedented formats, including the biggest and most productive 1:1 meetings program in the history of crypto. Crypto and blockchain are at a tipping point, ready to transform a wide range of industries over the coming years. Mint catalyzes that transformation and takes crypto from awareness to mass adoption by focusing on real users and use cases. Join more than 2,500 leaders from the crypto community and a growing number of open-minded changemakers from traditional industries in a fun, friendly, and unforgettable outdoor beachside environment to connect, collaborate, and get real business done. Mint will be held on September 14-17, 2025, in an entirely outdoor venue on Huntington Beach, California. Mint [email protected] X: @mitulparmar_ SOURCE: Future Proof Copyright Business Wire 2025. PUB: 03/05/2025 08:57 AM/DISC: 03/05/2025 08:57 AM
