Bitwise CIO Matt Hougan reports that financial advisors remain interested in crypto but are increasingly focusing on stablecoins and tokenization rather than Bitcoin. This shift reflects advisors' growing interest in real-world applications of crypto, which could drive the next major wave of adoption. Hougan highlights that previous crypto recoveries were led by new products and investor groups, and this cycle may be powered by practical crypto uses like stablecoins, tokenized assets, and on-chain financial infrastructure. Advisors now view crypto beyond Bitcoin, considering payments, capital markets, and tokenized financial products as key areas for growth.
June has been a tough month for Ethereum and Solana, with Ethereum down 17.1% and Solana down 20.5%, both exceeding their usual historical June declines. Ethereum spot ETFs have seen significant outflows, while Solana's ETF flows remain flat, contrib...
Bitmine, owned by Tom Lee, purchased an additional 25,000 Ethereum (ETH) worth $41.09 million, increasing its holdings to 125,000 ETH valued at $206 million over three days. This large purchase during Ethereum's recent price decline reflects a buy-th...
Dogecoin (DOGE) faces pressure after breaking key support, needing to reclaim $0.10 to regain bullish momentum. Shiba Inu (SHIB) remains under seller control but may consolidate if support holds. Toncoin (TON) shows resilience, stabilizing near suppo...
Ethereum is trading near $1,685, close to a key support zone between $1,650 and $1,700 after a prolonged downtrend from its $5,000 peak. Despite price pressure and recent outflows from US spot Ethereum ETFs, staking participation has reached a new hi...
Bitcoin price recovered above $63,000 after Donald Trump announced the cancellation of planned U.S. strikes on Iran and progress toward a peace agreement. This news reversed losses caused by hotter-than-expected U.S. producer inflation data, which ha...
