Ethereum wallets holding over 1000 ETH reduced their holdings by 2.9% from May to August, trimming 1.7 million coins. Meanwhile, smaller wallets holding 1 to 10 ETH increased their share, indicating retail accumulation. Staked ETH also rose to a record 42.3 million coins, showing strong demand despite Q2 headwinds. Institutional investors are betting on ETH's price recovery, with bullish options targeting $2,500 to $3,000 by September, potentially doubling from the June low of $1,500. This combined activity has driven ETH's price up 26% this week to $2,500, reversing Q2 losses.
Institutional investors are increasingly using Coinbase's staking services to earn rewards and secure assets on proof-of-stake networks like Ethereum and Solana. This trend signals growing institutional confidence in Ethereum's long-term potential an...
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
Pi Network's price rose about 4% to $0.0939, approaching the key $0.10 level amid a broad cryptocurrency market rally. The wider crypto market surged over 6%, with Bitcoin hitting a 14-week high of $79,500. Pi Network's recent boost follows the launc...
Bitcoin Cash surged 29.41% to $288.53 in a single day, the largest gain among major cryptocurrencies during the recent rally. This spike was driven not by any Bitcoin Cash-specific news but by a broader market risk-on sentiment triggered by a US Trea...
Ethereum whales have increased profit-taking after a recent 20% rally, selling large amounts of ETH near $2,346. Despite this, strong buyer demand persists, with net buying activity and outflows from exchanges supporting price stability. The critical...
