Ethereum's price surged 7.46% to $2,619 by the end of the week, driven by bullish momentum and positive market reactions to the August U.S. Consumer Price Index data. Fundstrat co-founder Tom Lee called this the start of a major "face-ripper rally," signaling potential further gains and pressure on traders betting against Ethereum. Bitmine Immersion Technologies, chaired by Lee, has become the largest corporate Ethereum holder, accumulating about 5.9 million ETH, or 4.9% of the global supply, mostly staked for yield. This accumulation strategy, combined with renewed risk appetite and short position liquidations, has tightened ETH supply and supported the price rally.
Coinbase has introduced "Earn & Borrow" on its Ethereum Layer-2 network, Base, enabling apps to offer variable-rate stablecoin yields and crypto-backed loans using third-party protocols like Morpho and Aave. This integration enhances access to credit...
MetaMask began exiting 565,056 Ether (ETH) from staking following an infrastructure incident on September 30. This process involves 16,965 validators who are either exited or waiting in the Ethereum exit queue, which can take weeks due to network lim...
Fundstrat's Tom Lee says the crypto market has entered a full bull phase, driven by tokenization and growing institutional participation, especially in Asia. He highlights Ethereum as a key player, predicting it could reach $25,000 to $50,000 in this...
Bitcoin traded around $83,200, showing relative strength as major altcoins like Ethereum, XRP, and Solana fell between 1.3% and 11.9% over the week. This resilience is attributed to Bitcoin's regulated fund investor base, unlike altcoins which face f...
Interactive Brokers has introduced Ethereum staking for eligible clients through a partnership with zerohash, allowing users to earn rewards on their staked ETH via the broker's Client Portal. This move expands the brokerage's digital asset offerings...
