Latest news with #DouroLabs
Forbes
2 days ago
- Business
- Forbes
Ether Prices Reach Highest Since February As ‘Perfect Storm' Fuels Rally
Ether prices rose above $2,800 to their highest in over three months. Ether prices have been on fire lately, rising to the most since February on Tuesday, June 10, as the digital currency benefited from a 'perfect storm' of bullish factors, according to Douro Labs CEO Mike Cahill. Delving into what he meant when using that description, the analyst stated via email that 'ETH's rally is being driven by a perfect storm of ETF optimism, improved macro sentiment, and growing confidence in Ethereum's role as foundational financial infrastructure.' Several other analysts also highlighted similar factors when explaining the cryptocurrency's recent upward price movement, and amid this bullish backdrop, ether rallied to roughly $2,835.00 close to 8:15 p.m. EST, according to Coinbase data from TradingView. At this point, the digital asset was trading at its highest since on or around February 21. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, spoke to these developments, indicating through emailed commentary that 'Ethereum's rally has been fueled by growing optimism around a potential spot ETH ETF approval, which has brought renewed investor attention to the asset.' He emphasized the key role played by this positive expectation, stating that 'The biggest driver behind ether's move above $2,800 is renewed speculation around a spot ETH ETF approval.' Ether Staking Hits Record High Several analysts, including DiPasquale, pointed out that the amount of ether tokens devoted toward staking recently reached its zenith, a development that many market observers have singled out as being highly bullish. Alex Lin, cofounder and general partner at venture capital firm Reforge, weighed in on this matter, claiming through email that after the U.S. Securities and Exchange Commission clarified via a statement that 'ETH staking does not classify as a security, we saw an all time high of nearly 35 million ETH (~28% of total supply) staked, locking up a significant portion of circulating ETH and creating supply pressure.' The TikTok influencer who goes by Wendy O also commented on this matter, stating via email that "Staked Ethereum hits new recent ATH of 28% of the supply being staked, to me this indicates renewed long term interest in Ethereum as those staking Eth may expect positive price action in the near future, so they are placing their 'bets' Now." She also emphasized the progress the SEC has been making in terms of providing the crypto markets with regulatory clarity, writing that 'At the SEC Crypto Task Force Roundtable, the conversation was focused on Ethereum and Atkins welcomed staff clarification that roles like miners, validators, and staking providers are not securities actors, this also tells me we may expect to see the Ethereum spot ETFS soon add staking.' DiPasquale offered his views on this robust staking activity, elaborating on its implications for the broader global asset markets. 'The total amount of ether being staked recently hit an all-time high, which signals growing long-term confidence in the Ethereum network and steady demand for yield-generating assets in a stabilizing macro environment,' he stated.
Associated Press
08-05-2025
- Business
- Associated Press
Pyth Network Partners with Integral to Democratize Access to Financial Market Data
The new partnership enables Integral's institutional clients to seamlessly become Pyth data publishers, making financial information more affordable and accessible to all LONDON - May 7, 2025 (Bitwire) -- Pyth Network ('Pyth'), the universal price layer revolutionizing market data, today announced a new partnership with Integral, the leading currency technology partner to hundreds of global financial institutions. The collaboration marks a significant milestone in Pyth's mission to collect and distribute price data and rewrite the market data economy by making financial information affordable and accessible to all. The partnership introduces a streamlined solution for institutional market participants to publish their financial market data to Pyth Network, which is currently home to over 1,200 active price feeds. Integral hosts this data on behalf of its clients, lowering the technical and logistical barriers that have historically prevented institutions from contributing to open data networks. 'The price of market data has been skyrocketing for decades—rising to record-breaking spending in 2024 alone,' said Mike Cahill, CEO of Douro Labs, a leading contributor to the Pyth Network. 'But, this 'old guard' model of exclusive access, premium pricing, and zero transparency is shifting. The 'new guard' model offers real-time feeds and affordable access for anyone, not just the elite financial powerhouses. This partnership with Integral demonstrates Pyth's commitment to growing this new model; they're working together to deliver the price of everything, to anyone, anywhere.' Integral powers currency infrastructure for renowned institutions including Mizuho, Raiffeisen Bank, Pictet, and ODDO BHF. By partnering with Pyth, Integral will now bridge its traditional foreign exchange pipelines with decentralized finance, transforming centralized data sources into composable, on-chain assets. 'Integral has long been at the forefront of institutional trading technology, and our integration with Pyth Network reinforces our commitment to innovation and market accessibility,' said Harpal Sandhu, CEO of Integral. 'Through this collaboration, clients leveraging Integral's resilient and established crypto trading solutions can now become market data publishers on Pyth with no additional setup. This unlocks new opportunities for our clients to expand their presence in crypto while contributing to the broader ecosystem.' The Integral partnership comes on the heels of other recent Pyth integration partnerships like Sygnum Bank, Kamino Finance, and CoinBase, as well as product feature updates to expand price feed coverage across markets, improve data accuracy by increasing access to multiple institutional sources, and broaden institutional participation in decentralized finance infrastructure. To learn more about Pyth Network, visit and follow on X and LinkedIn . About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. To learn more, please visit: About Integral Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with close to $60bn traded, transacted or exchanged daily on our network. Adopted first by the financial markets and now invaluable to every global business across all industries – our corporate-meets-consumer cloud-based SaaS technology stack is already powering the change and solving the currency challenges every global organization is facing. Founded in 1993, we built our cloud technology before the world knew what cloud was, and maintain development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. ### Media Contact: Melrose PR [email protected]
