Ethereum's price rose 7% following Fundstrat co-founder Tom Lee's assertion that ETH will be the foundational settlement layer for autonomous AI systems. Lee compares Ethereum's potential to Amazon before AWS, suggesting ETH's true value is yet to be realized, with a long-term price target of $250,000. This optimism is supported by a market shift from semiconductor stocks to blockchain infrastructure, increased ETF inflows, whale staking, and growth in decentralized finance tied to AI adoption. Investors should monitor ETH ETF flows, staking rates, and AI-related smart contract activity for signs of sustained demand and development.
Bitget, a centralized crypto exchange, is suspected of being hacked after over $180 million was moved from its hot wallet, including the purchase of 7,111 ETH. This has raised significant security concerns about centralized exchanges and could increa...
Ether (ETH) price dropped below the $2,700 mark to $2,686 on September 24, according to TokenPost's spot-price tracking on Binance. This decline occurred within minutes, falling from $2,702 just 15 minutes earlier. Despite this dip, Ether was still u...
Tom Lee, Chairman of Bitmine, highlighted that Robinhood chose Ethereum's infrastructure due to its strong security and liquidity features. He emphasized that Ethereum's value extends beyond just transaction fees, with its network supporting growth w...
Ethereum's price surged 2.26% within four hours to reach $2,695 on September 24, extending its 24-hour gain to 1.64%. This sharp increase was driven by significant liquidations of short positions totaling $7.85 million across major exchanges like Bin...
Bitcoin experienced a sharp price drop from around $9,400 to $8,300 within minutes, losing about 16% in value. This decline followed a mysterious 40% drop in Bitcoin's hashrate, which affects network security and miner power. The cause of the hashrat...
