Latest news with #ETH-based
Yahoo
30-07-2025
- Business
- Yahoo
Why Ethereum is currying favour with investors instead of Bitcoin
It's finally time for Ethereum. The second largest crypto is pulling ahead of Bitcoin in the eyes of analysts and institutional investors, as exchange-traded fund inflows soar and corporate treasuries gobble up Ether at a feverish pace. 'ETH continues to outperform, both tactically and structurally,' Joel Kruger, market strategist at LMAX Group, said in comments shared with DL News. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation 'Firms building ETH-based balance sheets have emerged as meaningful marginal buyers, complementing the flows from ETF issuers.' In fact, inflows into Ethereum ETFs in the past four weeks have been the 'best stretch ever,' Kruger said. In July alone, Ethereum ETFs took in a staggering $4.7 billion — which doubles its entire load since launch exactly one year ago. Total assets under management now sit at $21 billion, still just 13% of Bitcoin ETFs. Moreover, of the $1.9 billion in investor money scooping up crypto ETFs in last week, Ether accounted for over 84% of that number. Another flippening Ethereum's rally is starting to flip the narrative. Bitcoin has hogged headlines all year, buoyed by ETF hype and corporate treasury companies. But with Ethereum up 55% in the past 30 days and Bitcoin dominance slipping to 59%, the balance of power is shifting. Now, a growing number of analysts and allocators view Ether, and not Bitcoin, as the asset with more upside ahead. 'It's Ethereum's turn to see record highs,' Satraj Bambra, CEO of crypto trading platform Rails said in comments shared with DL News. 'We'll see it double and even hit the $7,000 to $8,000 range.' 'Michael Saylor effect' What'll drive higher prices? A growing 'Michael Saylor effect' around altcoins, with institutional buyers like Sharplink Gaming and BitMine acting as relentless Ether accumulators, Bambra said. That trend — once the exclusive domain of Bitcoin bulls — now includes Ethereum-focused firms building long-term treasury strategies. Indeed, corporate treasuries are clambering in. Ethereum holdings across public company balance sheets have climbed to 2.6 million ETH, or roughly 2.1% of total supply. Coinbase's inaugural Institutional Crypto Market Positioning report backs up the shift. The report shows rising speculative interest in large cryptocurrencies — with Ethereum leading the pack. Open interest is up, there's net accumulation by short-term holders, and orderbook liquidity is gathering strength just above Ethereum's current price tag. What about Bitcoin? Ethereum trades at about $3,790, up 110% in the past three months. Meanwhile, Geoffrey Kendrick, Standard Chartered's head of digital assets, forecasts that public companies 'may eventually end up owning 10% of all ETH,' which he said will push the cryptocurrency's price to $4,000 this year. Pedro Solimano is DL News' Buenos Aires-based markets correspondent. Got at a tip? Email him at psolimano@ 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
Business Upturn
24-06-2025
- Business
- Business Upturn
Ethereum (ETH) Whale Allocates $250K to Little Pepe (LILPEPE) Presale as Stage 3 Gains Momentum
By GlobeNewswire Published on June 25, 2025, 01:05 IST DUBAI, United Arab Emirates, June 24, 2025 (GLOBE NEWSWIRE) — On-chain activity has revealed that a major Ethereum holder has allocated approximately $250,000 into the ongoing presale of Little Pepe ($LILPEPE), a Layer 2 meme-chain currently in its third fundraising stage. This strategic purchase follows the whale's recent divestment of ETH into Shiba Inu (SHIB), further signaling renewed interest in Ethereum-native meme ecosystems. The wallet, known to hold over $17 million in ETH-based assets, moved 1,400 ETH to a centralized exchange earlier this month. Shortly after, a portion of the funds was directed into SHIB, while a separate tranche was allocated directly into Little Pepe's presale wallet, according to blockchain explorers. The transaction coincides with a strong presale performance by Little Pepe, which has already raised over $1.7 million across its funding rounds and sold more than 1.5 billion tokens. The current token price stands at $0.0012, with the next increase scheduled for the upcoming stage. The investment by a high-value ETH holder has drawn attention to the project's growing momentum ahead of its initial exchange listings. What Is Little Pepe? Little Pepe is building a dedicated Layer 2 blockchain optimized for meme coin creation, deployment, and trading. The network is designed to offer ultra-low transaction fees, EVM compatibility, bot-resistant mechanics, and an in-house launchpad called Pepe's Pump Pad . These features aim to provide a seamless and secure environment for meme-based crypto innovation. According to the project's roadmap, a testnet release is expected in Q3 2025, followed by validator onboarding and integrations with key decentralized applications. The $LILPEPE token will serve as the gas currency and governance asset of the chain. $777,000 Giveaway and Community Campaign To boost user engagement and support adoption, Little Pepe is also running a $777,000 giveaway campaign. Participants who contribute at least $100 to the presale and complete a set of simple social media tasks—such as following the project on X (formerly Twitter), joining the Telegram group, and tagging friends—will become eligible for prize pool entries. Ten winners will be awarded $77,000 worth of LILPEPE each. The campaign has been widely shared across crypto communities, helping drive awareness and attracting both retail investors and larger holders. A Strategic Shift Toward Infrastructure-Driven Meme Projects While meme coins have traditionally risen on the back of viral narratives, the emergence of Layer 2 chains like Little Pepe suggests a shift toward utility-backed meme ecosystems. With early adoption from notable Ethereum holders and continued presale growth, Little Pepe is positioning itself not just as a token, but as an infrastructure layer for meme finance. Learn More: Contact Details:James Stephen [email protected] Disclaimer : This content is provided by Little Pepe. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
12-06-2025
- Business
- Yahoo
ETH Bulls Tighten Grip as $393M Exits Exchanges and ETF Inflows Outpace Bitcoin
Ether( ETH) ETH struggled to maintain Tuesday's momentum, falling 0.15% to $2,758 amid selling pressure that emerged during U.S. afternoon trading on June 11. The pullback followed a brief rally to $2,872.42, which proved unsustainable as price action reversed sharply between 15:00 and 17:00 UTC, according to CoinDesk Research's technical analysis model. The late-session sell-off intensified in early Asia hours, punctuated by a 1.29% dip from $2,772 to $2,736 on heavy volume, before ether rebounded slightly toward $2,758 at press time. Despite the downturn, key metrics suggest rising conviction among bulls. Glassnode reported that options skew flipped sharply negative over the past 48 hours—one-week skew dropping from –2.4% to –7.0% — indicating increased demand for short-dated calls. Put-call ratios remain heavily tilted toward upside exposure, with open interest and volume ratios holding near multi-week lows. On-chain flows also reinforced the bullish bias. Analytics firm Sentora (formerly, IntoTheBlock) flagged that over 140,000 ETH, worth approximately $393 million, was withdrawn from exchanges on June 11 — the largest single-day outflow in more than a month. Simultaneously, ETH-based ETFs extended their inflow streak with another $240.3 million added Wednesday, surpassing the day's Bitcoin ETF totals. Analyst Anthony Sassano noted that Ethereum has avoided a single net outflow day since mid-May, calling the trend 'accelerating' and arguing that the asset remains structurally undervalued. While price action shows short-term weakness, market positioning and capital flows suggest traders may be buying the dip in anticipation of another upside attempt. Technical Analysis Highlights ETH traded within a $139 range between $2,733 and $2,872 before closing at $2,758. Heavy selling emerged near $2,870–$2,880 during June 11's late U.S. session. Support near $2,745–$2,755 was breached after multiple tests, triggering a quick declineVolume spiked above 34,000 ETH during a rapid drop from $2,772 to $2,736 early June 12. A temporary bounce toward $2,752 failed, and a new support zone may be forming near $2,735 Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
11-06-2025
- Business
- Yahoo
Ether, Dogecoin Surge, Outpaces Bitcoin as DeFi Comments Spurs Bullish Mood
Bitcoin BTC stayed steady above $109,500 in Asian morning hours Wednesday, a rebound that started after last week's profit-taking. However, all eyes are on ether ETH with traders commenting on upside volatility in the weeks to come and reporting record volumes for certain ETH-based products on some exchanges. ETH zoomed 5% in the past 24 hours, leading gains among majors. 'Investors are finally recognizing the compelling investment opportunity that Ethereum presents. It's still trading well below its all-time highs, while bitcoin is already near its ATH levels,' said Jeff Mei, COO at BTSE, in a message to CoinDesk. He pointed to Ethereum's growing role in tokenizing real-world assets like stocks, money-market funds, and U.S. Treasuries, adding that it was 'very likely that Ethereum will reach and/or surpass its all-time high price by the end of the year.' Ether ETFs have attracted more than $800 million in the past two weeks alone, outpacing bitcoin's sub-$400 million, according to SoSoValue data. That's helped the spread between ether's implied volatility and bitcoin's reach its highest level since late 2022 — a sign traders expect bigger price swings ahead. Open interest in ether perpetuals on Kraken hit an all-time high of 30,000 ETH this week, said Alexia Theodorou, Head of Derivatives at Kraken, in an email to CoinDesk. 'This signals a notable uptick in speculative activity around the second-largest cryptocurrency by market cap,' she noted. However, she cautioned that the market 'has yet to form a clear directional consensus,' with the long/short ratio still well below January levels. Elsewhere in the market, Solana SOL and Cardano ADA posted gains of 4.7% and 3.3%, respectively, adding to the risk-on tone, while XRP XRP rose 2% to $2.30. Ethereum beta bet dogecoin DOGE climbed 3.7% to reverse all of last week's losses. Traders are closely watching upcoming U.S. CPI data on Wednesday, which could sway Federal Reserve rate expectations and shape risk sentiment ahead of next week's meeting.
Associated Press
28-05-2025
- Business
- Associated Press
Cactus Custody Taps Chorus One to Power Seamless Institutional ETH Staking
05/28/2025, Singapore, Singapore // KISS PR Brand Story PressWire // Cactus Custody, the qualified institutional custodian brand under Matrixport, has integrated Chorus One 's ETH Vaults into Cactus Link, its proprietary multi-chain wallet extension. This partnership delivers seamless access to high-performance Ethereum staking for institutions, combining trusted custody with Chorus One's research-driven validator infrastructure. Cactus Tasked with safeguarding over $10B in digital assets, Cactus Custody is expanding its offerings to meet growing institutional demand for secure, compliant blockchain solutions. The integration of ETH Vaults simplifies the path to ETH-based rewards—eliminating manual workflows and bringing sophisticated staking products directly into the custody environment. 'Institutional adoption is no longer a distant goal—it's happening now,' said Brian Crain, CEO of Chorus One. 'We're excited to work with Cactus to deliver secure, intuitive access to next-gen staking solutions, and to help shape a unified financial hub for institutions in the APAC region.' Timothy Tan, Head of Sales and Partnerships of Cactus Custody, added, 'At Cactus Custody, we're committed to bridging the gap between institutional-grade security and the dynamic opportunities of blockchain technology. Partnering with Chorus One empowers our clients with seamless access to trusted staking solutions through Cactus Link, transforming complex reward generation into a streamlined, secure, and intuitive experience.' Live Now on Cactus Link Institutional users can now access ETH Vaults directly through Cactus Link, including: This partnership enhances the institutional staking experience and sets a new benchmark for accessible and efficient solutions. As blockchain technology continues to evolve, Cactus Custody and Chorus One remain committed to delivering reliable, high-performance financial tools for a broad range of users. About Cactus Custody Founded by Jihan Wu, Cactus Custody is an institutional digital asset custodian. It is ISO certified and operates as a licensed trust company in Hong Kong (Licence Number TC006789) with a temporary exemption granted by the Monetary Authority of Singapore. The company complies with all applicable capital and anti-money laundering regulations. Cactus Custody secures billions of dollars in digital assets for over 300 institutional clients, including mining firms, mining pools, investment funds, asset managers, and over-the-counter trading platforms. About Cactus Link Cactus Link is a browser-based wallet extension that enables institutions to engage in decentralized finance activities across nearly 30 public blockchains. Supported networks include Ethereum, Solana, Bitcoin, and Cosmos, covering both EVM-compatible and non-EVM environments. Users can stake securely without mnemonic phrases and benefit from features such as transaction validation, address verification, approval workflows, hardware-based signatures, Taproot support, and additional auditing protections. For more information, visit: About Chorus One Chorus One is a global staking provider trusted by institutional and retail clients. Its ETH Vault products, including MEV Max and Obol, deliver enhanced staking rewards through advanced blockchain infrastructure. With support for multiple chains and a strong reputation for reliability and innovation, Chorus One continues to provide secure and efficient staking solutions. Media Contact Cactus Custody Cactus Custody PR Team [email protected] Chorus One Rajiv Naidoo [email protected] This content was first published by KISS PR Brand Story. Read here >> Cactus Custody Taps Chorus One to Power Seamless Institutional ETH Staking
