Tom Lee, co-founder of Fundstrat and chairman of BitMine, highlights a capital rotation from AI memory-chip stocks to Ethereum. Between June 25 and July 21, BlackRock’s iShares Ethereum Trust ETF (ETHA) outperformed the Roundhill DRAM ETF by 72 percentage points, with Ethereum gaining 24% while the DRAM ETF fell 38%. Lee attributes Ethereum's strength to growing institutional adoption, citing examples like BlackRock’s tokenized BUIDL fund and Robinhood Chain. The outlook for memory-chip stocks remains uncertain amid mixed supply and demand signals, while Ethereum's long-term potential is compared to Amazon's early growth. Investors will watch upcoming ETF flows and memory-sector earnings to gauge if this trend continues.
Lighter (LIT) surged 14.07% to top gains among the 90 largest cryptocurrencies excluding stablecoins, followed by Morpho (MORPHO) and Stacks (STX) with double-digit increases. In contrast, TRON (TRX) fell sharply by 7.90%, leading the decliners. Bitc...
Stacks (STX) surged 15.71% to $0.328, leading gains among the top 90 cryptocurrencies by market cap on October 31. A total of 57 out of 90 major non-stablecoin assets rose, including Morpho (MORPHO) up 15.39% and Lighter (LIT) up 11%. Meanwhile, some...
Stacks (STX) experienced a significant price increase, rising 29.69% over 24 hours and 13.37% in just 15 minutes on October 31. The token also gained 15.13% in the hour before that, showing strong short-term momentum. Trading volume reached $2.12 mil...
In the latest 24-hour crypto market update, Bitway (BTW) experienced the steepest drop, falling 20.65% to $1.18, continuing its downward trend from the previous day. Conversely, Stacks (STX) led gains with an 8.50% rise to $0.301. Other notable mover...
