Arthur Hayes, former BitMEX CEO and current CIO of Maelstrom, purchased an additional $6.39 million worth of ether (ETH), increasing his total July purchases to 7,213 ETH. Despite currently holding a $301,000 paper loss on these positions, Hayes is betting on ether's recovery, which has risen about 20% this month, supported by strong institutional inflows into ether ETFs. This buying streak follows Hayes' earlier $606,000 loss from a June sale and reflects his long-term bullish view on ether and bitcoin amid favorable macroeconomic conditions. The continued institutional demand for ether will likely influence whether Hayes' latest investment recovers or deepens the loss.
Clear Creek Financial Management disclosed $15.1 million in crypto exchange-traded funds (ETFs) across Bitcoin, Ethereum, XRP, and Solana in its latest US regulatory filing. Bitcoin ETFs led with about $10.4 million, primarily in Bitwise’s BITB fund,...
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
Ethereum (ETH) is trading around $1,881 after a recent 4.24% drop, maintaining demand despite short-term pullback. It faces critical support between $1,850-$1,870 and resistance near $1,900-$2,000, with whale traders split between longs and shorts, i...
Institutional investors are increasingly allocating capital to Ethereum (ETH) spot ETFs, with recent inflows totaling around $96 million over three days and an additional $9.23 million on July 27. This shift contrasts with Bitcoin (BTC) funds, which ...
Solana's price dropped about 5% from around $77 to $73 after failing to sustain its recent recovery, breaking below key support at $75 and entering a descending channel. This decline triggered long liquidations, adding selling pressure and increasing...
