Ethereum network fees surged 36% in one day due to increased settlement activity involving real-world assets (RWA) and stablecoin (USDC) flows, signaling a shift toward more durable, institutional onchain demand rather than speculative trading. This spike occurred despite a slight drop in ETH price, highlighting congestion from large batch transactions tied to institutional workflows, especially via Circle's Arc L1 initiative. Compared to Solana, which saw only a minor fee increase, Ethereum's fee revenue reflects a more sustainable and economically meaningful usage pattern, supported by Layer 2 scaling that lowers per-transaction costs but boosts overall volume. This trend suggests Ethereum's network value is increasingly driven by real settlement demand, potentially widening valuation gaps with competitors relying on speculative activity.
BlackRock transferred about 2,152 BTC worth $140 million from Coinbase Prime, coinciding with $181 million inflows into U.S. spot Bitcoin ETFs, highlighting ongoing institutional demand. Despite this, Bitcoin prices remained flat while Ethereum and s...
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
