Tom Lee, chairman of Bitmine, has assured that Ethereum's funding for upcoming network upgrades is secured, dismissing recent fears of a funding crisis raised by a former Ethereum contributor. The concerns arose due to Ethereum Foundation's reduced spending and talent cuts, but Lee emphasized zero chance of a crisis. Despite some executives leaving the foundation, Lee believes Ethereum will remain the dominant neutral blockchain amid competition. However, institutional demand for Ethereum remains weak, keeping its price below $2,000 until ETF demand improves and funding concerns are fully resolved.
Bitcoin and Ethereum led gains in the crypto market with prices rising 1.31% and 1.58% respectively, driven by increased spot demand. However, trading volumes in derivatives and DeFi sectors dropped significantly, indicating cautious investor behavio...
High-net-worth crypto investors are focusing their purchases on Bitcoin and Ethereum, which together account for the majority of buying activity, reflecting a preference for liquidity and market stability. Meanwhile, several smaller altcoins show ext...
Bitcoin dropped below $63,000 due to rising geopolitical tensions between Israel and Lebanon, causing traders to reduce crypto exposure. Over $4 billion in leveraged long positions are clustered near the $59,000 support, raising the risk of cascading...
Arthur Hayes, BitMEX co-founder, sold 6,000 Ethereum tokens at $1,690 each, realizing a $606,000 loss after buying them at $1,793. Meanwhile, institutional investors like K3 Capital and a wallet linked to Chun Wang accumulated over 17,000 ETH, signal...
A new decentralized exchange app launched on Solana offers advanced order-matching and streamlined liquidity pools, enabling traders to execute complex strategies more efficiently. The app reduces friction in cross-protocol interactions, allowing use...
