Latest news with #Ethereum
Bloomberg
an hour ago
- Business
- Bloomberg
Put the Crypto in the Index Funds
The basic situation is that the US stock market will pay $2 for $1 worth of cryptocurrency. If a small public company has a $100 million pot of Bitcoin or Ethereum or Trumpcoin or what have you, its stock will be worth at least $200 million. This trade is baffling and magical; it was pioneered by MicroStrategy Inc. (which now calls itself Strategy, and which has about a $70 billion stash of Bitcoins and a $138 billion equity market capitalization 1), and is now regularly and successfully imitated by all sorts of random small companies. I make fun of this a lot, but it is worth asking what it means that the stock market will pay $2 for $1 worth of crypto. There are in principle three sorts of answers:
Time of India
2 hours ago
- Time of India
Para-cyclist back in Assam after hurdles shorten route
1 2 Guwahati: Defying immense challenges, para-cyclist Rakesh Banik from Assam successfully completed an arduous 7,000 km transcontinental journey, before reaching Assam on Sunday. His expedition, which began in April from Russia, was initially planned for 9,000 km and was supposed to pass through Kazakhstan, Kyrgyzstan, China, Tibet and Nepal, before entering India via Siliguri in West Bengal. However, his route was significantly altered due to several hindrances. Banik recounted that his journey faced a major hurdle when Chinese authorities rejected his visa application. "The Chinese authority denied my visa when I applied, and they also did not permit me to cycle through Tibet as well, due to diplomatic issues. Then after I took it to the embassy, they advised me to reroute my journey from Kazakhstan, towards Uzbekistan and then to Afghanistan. If I had been coming through China, my journey would not have been completed," Banik said. Upon entering Afghanistan, Banik faced a new set of challenges. "When I crossed the border immigration check post, I headed to Mazar-i-Sharif, which is about 130 kms away from the border. However, during my journey I was intercepted by the Taliban soldiers who asked me not to ride towards Kabul, as the road was very dangerous," Banik said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เปรียบเทียบสเปรด: ระหว่าง Bitcoin และ Ethereum CFDs IC Markets อ่านเพิ่มเติม Undo Following this, the Indian embassy in Kabul arranged a car for him, allowing him to travel another 340 km by road, passing through over 100 meticulously coordinated Taliban checkpoints. Eventually, the embassy arranged flight tickets for him from Afghanistan, enabling him to fly to Nepal, from where he resumed his cycling journey. Banik's resilience and tale of survival are truly remarkable. In 2012, he tragically lost his right leg in a devastating accident near Kaliabor in Assam's Nagaon district, yet he has continued to pursue such challenging feats, inspiring many.
Yahoo
2 hours ago
- Business
- Yahoo
Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cryptocurrency markets are off to a blazing start on Monday morning, with Bitcoin making a new all-time high above $123, Ticker Price Bitcoin (CRYPTO: BTC) $121,812.36 Ethereum (CRYPTO: ETH) $3,070.88 Solana (CRYPTO: SOL) $167.48 XRP (CRYPTO: XRP) $2.99 Dogecoin (CRYPTO: DOGE) $0.2069 Shiba Inu (CRYPTO: SHIB) $0.00001383 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 14.7% and 7.9%, respectively. Daily active addresses dropped by 5.6% and 3.6%, respectively. Coinglass data shows129,769 traders were liquidated in the past 24 hours for $750.05 million. SoSoValue data shows net inflows of $1.03 billion into spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $204.8 million. Trader Notes: CoinBureau co-founder Nic Puckrin highlighted the importance of Bitcoin breaching a 7-year-long monthly resistance trendline, which acted as the ceiling in past bull markets dating back to 2018. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Rekt Capital says a convincing breakout above $124,000 would open the floodgates for Bitcoin, triggering rapid price discovery with little resistance above. Michael van de Poppe forecasts rising volatility, with sharp dips likely to be absorbed quickly. He believes the next major leg to $250,000 has begun, projecting $150,000 by Q3. Cryptoinsightuk explained that a break above $3.00 for XRP could unlock a move to all-time highs and initiate price discovery. The current price action is pressing against the final major resistance. Crypto trader Jelle noted Ethereum finally broke above the $2,800 resistance, flipping it into support. With momentum now shifting upward, the next key target is $4,000, as minimal resistance remains in that zone. Jelle shared a bold outlook, stating $600 is the long-term target for SOL, as the broader market rally gains traction. Crypto trader CW pointed out that DOGE has broken its first sell wall and is approaching the next resistance zone between $0.24–$0.26, signaling further upside Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing? originally appeared on
Bloomberg
2 hours ago
- Business
- Bloomberg
Uniswap Labs President Lader Leaves DeFi Firm After Four Years
Uniswap Labs President and Chief Operating Officer Mary-Catherine Lader, who left BlackRock in 2021 to help lead the largest decentralized trading platform on Ethereum, has exited the firm. A spokeswoman of Uniswap confirmed Lader's departure with Bloomberg News, adding that the firm thanks 'her for her four years of leadership, and will continue to build on her contributions by remaining focused on our users, partners and DeFi community.' Lader did not respond to an inquiry for comment.
Yahoo
2 hours ago
- Business
- Yahoo
PEPE Falls 3% as Heavy Selling Overwhelms Bounce Attempts Despite Whale Accumulation
PEPE shed nearly 3% in the past day as traders dumped tokens in unusually high volumes, underscoring renewed anxiety in the cryptocurrency space and significant profit-taking. PEPE fell 3% with volatility hitting 7.74%, according to CoinDesk Research's technical analysis data model. The token saw peaks of $0.00001268 before tumbling to session lows around $0.00001169 early in the day. While prices briefly bounced, the rebound stalled quickly, leaving PEPE pinned near resistance around $0.00001206. The massive 24-hour trading volume, exceeding 3.47 trillion tokens, points to large liquidations or rapid repositioning by traders. It comes amid a broader market sell-off that has seen the CoinDesk 20 (CD20) index drop by 2.95% in the last day, while the CoinDesk Memecoin Index (CDMEME) receded 3.9%. Yet whale accumulation appears to remain robust. Data from Nansen shows that over the past seven days, PEPE whales on Ethereum added 1.4% to their holdings, which now total 305.26 trillion PEPE, while funds on exchanges dropped by 1.14% to 251.2 trillion. PEPE's performance over the past 24 hours underscored the intensity of the market's bearish tilt. The token dropped 3%, weighed down by relentless selling. Trading remained volatile, with prices swinging across a range of $0.00000980 and posting intraday volatility of nearly 8%. Bulls briefly pushed prices to $0.00001268 at one point, but strong resistance emerged at the $0.00001267 level. From there, sellers steadily took control, driving prices to a session low of $0.00001169. Though PEPE managed a modest rebound, climbing from $0.00001210 to as high as $0.00001217, momentum fizzled quickly. The coin settled near $0.00001206, now acting as a resistance zone, suggesting the market remains in consolidation rather than reversing its slide. Trading volumes soared beyond 3.47 trillion tokens, highlighting the scale of activity as traders reacted to shifting price levels. Until PEPE can hold above key resistance and absorb selling pressure, its trend appears locked in a bearish pattern. Disclaimer: 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.
