Latest news with #DeFi
Yahoo
38 minutes ago
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Bitcoin traders pile $868m into bets that price will exceed $140,000 by September
Bitcoin traders are piling into outsized bets that its price will rise above $140,000 by the end of September. Data from crypto derivatives exchange Deribit shows more than $868 million worth of September call options at that strike price. Calls are bullish option bets that the price of the underlying asset will exceed the strike price upon the contract's expiry, which in this case is $140,000 by September 26. Such implicit bullish bias signals a strong belief in Bitcoin's upward momentum, just as Bitcoin broke past $112,000 on Wednesday, to log a new all-time high. Earlier this month, several market watchers predicted that Bitcoin was primed for a big price push in July. Markus Thielen, CEO of 10x Research, predicted that Bitcoin could reach $116,000 while Bitwise analysts forecasted an even bigger price push to $136,000 in July. Bitcoin traders share the same conviction, as even short-dated contracts show similar bullish bias. Traders are betting Bitcoin will exceed $120,000 by the end of July, based on data from Deribit. 'July will test markets, but Bitcoin looks built for it,' Roshan Roberts, CEO of OKX US, told DL News. Roberts said big-money players are increasingly adopting Bitcoin as a macro hedge and that altcoins failing to mount a significant recovery is also adding to Bitcoin's shine. Illia Otychenjo, lead analyst at a crypto exchange, previously predicted that $64 billion in capital could shift from altcoins to Bitcoin this quarter. For many market watchers, there are several reasons to be bullish about Bitcoin, even if crypto volumes will dwindle during the summer months. Corporate treasuries are growing fonder of Bitcoin, and that could add steady buying pressure. In the last 30 days alone, at least 21 companies have announced plans to deploy about $3.5 billion into their Bitcoin treasuries. This all-time high comes while there is still a lot of money sidelined and waiting to be deployed,' Mauricio Di Bartolomeo, co-founder of Ledn, a Bitcoin lending firm, told DL News. 'If this trend continues, we may see Bitcoin price move higher from here.' The expectation of an imminent Bitcoin surge may also be boosted by traders pricing in interest rate cuts by the end of the quarter. Data from the CME FedWatch tool shows a 63% chance the Federal Reserve will lower interest rates by September. Lower interest rates are usually a boon for investments in risk-on assets like Bitcoin and cryptocurrencies. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@
Yahoo
38 minutes ago
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Ethereum price rising to $7,000 ‘no longer seems unrealistic,' says analyst
After more than a year of being sidelined by memecoins and rival blockchains, Ethereum is finally picking up momentum. Fresh off an almost 50% uptick in the last 60 days, market analysts say there's more room for the price to grow. 'The current big rises on the [Ether] chart are the result of investors already pricing in the rise of Ethereum,' Mateusz Kara, CEO of Ari10, a crypto payment company, said in comments shared with DL News. 'An [Ethereum] price of $7,000 no longer seems unrealistic.' Ethereum traded for $3,600 on Friday, about 50% below Kara's target, which would also be a new all-time high. Ethereum's current price record is the $4,878 achieved four years ago. Ethereum's current price uptick comes amid a crypto rally that has seen the overall industry break the $4 trillion barrier for the first time. The second biggest cryptocurrency has enjoyed a steady inflow of institutional capital via exchange-traded funds and its adoption as a corporate treasury reserve asset, just like Bitcoin. Companies like SharpLink Gaming and Bitmine have begun acquiring Ethereum for their corporate balance sheets, a move which analysts say is indicative of the asset's broadening appeal among institutional investors. 'The preference for assets like [Ethereum] also speaks to the growing demand for yield by the buyers of many corporate treasury vehicles,' Coinbase analysts wrote in a report on Friday. But they aren't simply buying Ethereum to diversify their corporate holdings, but also to earn yield. 'Many of these companies have committed to staking their [Ethereum] to earn yield, and some are even locking up their supply via DeFi integration, reflecting a fundamental shift from speculative trading to strategic asset allocation,' the Coinbase report stated. And Ethereum could gain even more momentum with the passage of the Genius Act by the US Congress. The landmark bill provides some regulatory clarity for stablecoins, and could spark a bigger Ethereum renaissance, according to some market participants. That's because Ethereum's blockchain commands the largest share of stablecoin activity, almost half of the $259 billion market, according to DefiLlama data. Kara said the passage of the Genius Act presents a 'great opportunity' that could 'significantly increase the valuations of blockchains that are home to stablecoins.' Coinbase analysts said that realisation could even be one of the factors driving increased corporate appetite for Ethereum. They said Ethereum has established itself as a viable asset to 'express a view on the theme of stablecoins and tokenisation,' which is why at least 10 Ethereum-dedicated corporate treasuries have accumulated about $2.5 billion worth of the cryptocurrency. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Sign in to access your portfolio
Yahoo
38 minutes ago
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Three reasons why Ethereum's rally is just getting started, says Bernstein
Slowly, then all at once. Ethereum, which has dragged during the latest crypto rally, is finally heating up as institutional investors take a second look at the number two cryptocurrency. The reasons are myriad, but landmark stablecoin legislation is chief among the key engines powering the cryptocurrency's recent price action, say analysts. The second-biggest cryptocurrency surged 26% last week as US President Donald Trump signed the Genius Act, which legalises stablecoins in the US, into law. With Ethereum making almost 50% of the $261 billion stablecoin market, analysts say the new law will kickstart a boom, with rising demand for Ethereum on Wall Street. 'Banks, payment players, and fintechs would continue buying operational [Ethereum] to pay transaction fees for deploying stablecoins and tokenised assets on the blockchain,' Bernstein analysts wrote in a Monday report. But that's just one piece of a much larger pie for Ethereum. The cryptocurrency has also been enjoying a wave of accumulation by public companies that are adding Ethereum to their corporate reserves. Firms like Sharplink Gaming and Bitmine are racing to become the biggest corporate Ethereum holders, in a move similar to Strategy's policy of buying millions of dollars of Bitcoin for its balance sheet. Institutional investors are also piling into Ethereum exchange-traded funds. Though Ethereum ETFs have trailed their Bitcoin counterparts in terms of volume, they attracted higher daily investment than Bitcoin ETFs for the first time on July 17. Analysts predict that more investment will flow into Ethereum ETFs once the Securities and Exchange Commission allows staked funds, which are yield-bearing ETFs that offer investors exposure to Ethereum's staking market. BlackRock, the $12 trillion asset manager, filed last week to add staking to its $8.9 billion iShares Ethereum Trust. 'A yield-bearing ETF of an appreciating asset might turn out to be the next big asset management success for the digital assets industry, attracting even more investment flows,' according to Bernstein analysts. Analysts are now forecasting even more optimistic price targets for the number two cryptocurrency. That leaves one question on traders' minds: how high can Ethereum go? Mateusz Kara, CEO of Ari, a crypto payment company, said Ethereum going to $7,000 'no longer seems unrealistic.' Others even have higher price targets, as Theodorum noted that some analysts expect Ethereum's price to reach as high as $15,000 this year. 'Ethereum is having its time in the sun,' Mena Theodorum, co-founder of Coinstash, a crypto exchange, shared with DL News. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ 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
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38 minutes ago
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Arthur Hayes: Credit expansion will drive Bitcoin to $250,000 and Ethereum to $10,000
Crypto trading is like dancing, and credit expansion is the rhythm that drives the beat. That's according to Arthur Hayes, chief investment officer at Maelstrom, who said geopolitical noise won't stop crypto's pump. Instead, monetary expansion — as in central banks printing more money — will continue to drive Bitcoin's price growth thanks to its capped total supply, he argued. 'Bitcoin is the best horse to ride if you believe there will be more units of fiat created in the future,' Hayes wrote in a blog post on Wednesday. And Hayes said his fund is all-in on the credit expansion-driven cycle and predicts that Bitcoin will reach $250,000 by the end of the year. That's more than a 100% increase based on the current Bitcoin price. 'Macro hedge' Other market analysts also have similar expectations for Bitcoin. Roshan Roberts, CEO of OKX US, a crypto exchange, previously told DL News that institutional investors are treating Bitcoin as a 'macro hedge.' And the likes of Bitwise, Bernstein, and Standard Chartered have predicted that Bitcoin could reach at least $200,000 before 2026. But Bitcoin won't be the only high performer, according to Hayes. He says the crypto market's plumbing has changed thanks to stablecoins. Hayes argument? That stablecoin issuers have become de facto funders of America's deficit budget by buying US Treasuries, which means the crypto market's liquidity is deeply tied to government debt markets. Tether, the biggest stablecoin issuer, holds $120 billion in US Treasury bills, per its most recent quarterly attestation. And Ethereum is the prime stablecoin blockchain. Hayes says he is betting big on Ethereum and expects the market's second-largest cryptocurrency to repeat Solana's 2023 price surge and go as high as $10,000 this year. Ethereum has been on a hot streak since the start of the second quarter and is up more than 40% in the last two months. Last week, Mateusz Kara, CEO of Ari10, a crypto payment company, said Ethereum's price rising to $7,000 is no longer an unrealistic target. Crypto market movers Bitcoin is down 0.6% in value over the past 24 hours and is trading at $118,339. Ethereum is also down 1.1% in the same period to $3,658. What we're reading Senate's new crypto bill would exempt some tokens from securities laws — DL News Jito Reveals Largest-Ever Upgrade to Solana Block Building — Unchained What everyone's missing w/ SOL — Milk Road Polymarket Could Return to U.S. Market After $112M Acquisition — Unchained Ethena launches $360m treasury play that buys locked tokens — DL News Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Sign in to access your portfolio
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3 hours ago
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SHIB Price Prediction: Where Shiba Inu Could Be by 2025, 2026, and 2030
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying that Shiba Inu (SHIBA) could hit $0.00010 by the year 2030. Convinced by this SHIB price prediction? You can trade Shiba Inu on Coinbase, and if it's your first time using the exchange, . Shiba Inu (SHIB) is a decentralized cryptocurrency that originated as a memecoin. Drawing inspiration from the Shiba Inu dog breed, it started as a playful internet phenomenon and has evolved into a broader ecosystem with decentralized finance (DeFi) functionalities, including its own decentralized exchange Bearish Prediction ($) Average Prediction ($) Bullish Prediction ($) 2025 0.00003 0.00006 0.00010 2026 0.00007 0.00007 0.00008 2027 0.00003 0.00003 0.00003 2028 0.00004 0.00004 0.00005 2029 0.00008 0.00008 0.00009 2030 0.00010 0.00010 0.00010 2025 Shiba Inu Price Prediction Lowest Prediction: $0.00003 Average Prediction: $0.00006 Maximum Prediction: $0.00010 Despite a recent 30-day loss of 18.98%, analysts forecast a significant 19.67% price increase for SHIB in March 2025. The predicted volatile trading range is between $0.00001 and $0.00003, with an average of $1.00002, potentially yielding a 121.41% ROI for those who hold through the volatility. 2026 Shiba Inu Price Prediction Lowest Prediction: $0.00007 Average Prediction: $0.00007 Maximum Prediction: $0.00008 Analysts predict that Shiba Inu will trade between $0.00001 and $0.00003, averaging $0.00002. January is projected to be the most bullish month, with a potential 120.78% increase, but market volatility could lead to different outcomes. Don't Miss: . 2030 Shiba Inu Price Prediction Lowest Prediction: $0.00010 Average Prediction: $0.00010 Maximum Prediction: $0.00010 Looking ahead to 2030, SHIB is expected to trade between $0.00001 and $0.00005, with an average price of $0.00002. This long-term prediction suggests a potential 302.89% return on investment from current valuations. Reasons to Invest in Shiba Inu SHIB is marketed as a competitor to prominent memecoin Dogecoin, fueling interest from investors seeking alternatives. SHIB is accessible to many investors because the large supply of tokens results in low individual token prices. The memecoin's appeal lies in its strong community support, recognizable branding and ongoing ecosystem development. The "Shib Army" is an active and engaged community contributing to SHIB's visibility and popularity. Strong community support can drive social media trends and influence market sentiment. Shiba Inu is evolving beyond a memecoin, with developments like its decentralized exchange ShibaSwap and Layer 2 scaling solution Shibarium, which will increase SHIB's utility and create a more robust ecosystem. Recommended: . Factors That Could Slow Shiba Inu's Growth Investor sentiment drives cryptocurrency markets and shifts in risk appetite, especially during economic uncertainty, can move investors away from speculative assets like memecoins. Regulatory changes and global economic conditions can also influence the cryptocurrency market, affecting Shiba Inu's growth. The proliferation of new meme coins can dilute investor interest, making it harder for Shiba Inu to stand out. The constant stream of new tokens can draw attention away from established ones like SHIB. Price Predictions from Analysts To estimate Shiba Inu's future price, we aggregated predictions from several sources: Wallet Investor CoinCodex Changelly CoinPedia These forecasts factor in historical price movements, technical analysis and broader market sentiment. Given SHIB's speculative nature, predictions vary widely, ranging from bearish estimates suggesting declines in a risk-averse market to optimistic projections anticipating new highs in a bullish cycle. Market Sentiment and Social Trends Shiba Inu's price is sensitive to social media trends, with fluctuations often mirroring the level of engagement and positivity seen on social platforms. Investor sentiment in SHIB is neutral, but the memecoin hit a milestone, surpassing 1.5 million holders, according to Etherscan. The achievement demonstrates strong community support and growing adoption. While macroeconomic factors continue to influence short-term price action, SHIB's weekly performance remains positive. Speculative Demand and Hype Cycles Shiba Inu's price often correlates with the overall cryptocurrency market, particularly with Bitcoin's performance. Downturns in the broader market can significantly impact SHIB's value. The long-term success of any cryptocurrency depends on its utility and ecosystem development. If Shiba Inu fails to develop practical use cases and expand its ecosystem, it may struggle to maintain its value. Concerns about the token's fundamental value and reliance on community-driven initiatives can also hinder growth. Technical Indicators and Price Levels Technical analysis suggests Shiba Inu's near-term price movement hinges on key support and resistance levels. According to Wallet Investor, the following levels are critical: Resistance Level (R3): 0.0000135 Resistance Level (R2): 0.0000132 Resistance Level (R1): 0.0000129 Pivot Point: 0.0000126 Support Level (S1): 0.0000122 Support Level (S2): 0.0000119 Support Level (S3): 0.0000116 If SHIB breaks above $0.0000129, it could trigger a significant rally. However, bearish sentiment may take hold if it fails to hold support at $0.0000122. Broader Market Factors Shiba Inu's price is heavily influenced by the overall economic climate and the wider cryptocurrency market. Historically, SHIB has shown a strong correlation with Bitcoin's price movements—a Bitcoin bull run often triggers increased speculative interest in Shiba Inu. Conversely, investor risk appetite plays a crucial role. In "risk-on' periods, traders are more inclined to invest in speculative assets like (SHIB). However, economic uncertainty or high interest rates dampen their appetite, potentially driving Shiba Inu's price down. Finally, large-scale transactions by "whale" holders can significantly impact SHIB's short-term price, creating volatility through sudden spikes or sell-offs that influence retail trade behavior. Final Price Forecast Based on our methodology and market conditions, Dogecoin's future price range could look like this: Bearish Case: $0.00003 – If market sentiment worsens or regulatory concerns increase, SHIB could drop to this level. Average Case: $0.00010 – A moderate estimate based on historical trends and speculative demand. Bullish Case: $0.00010 – If Shiba Inu sees mass adoption, continued influencer support and a speculative bull run. This article SHIB Price Prediction: Where Shiba Inu Could Be by 2025, 2026, and 2030 originally appeared on
