A new nonprofit organization called Ethereum Institutional has been launched by former Ethereum Foundation leaders to serve as a unified front for integrating Ethereum and its Layer 2 solutions into global business infrastructure. Supported by major ETH treasury holders like Bitmine and Sharplink, which control over 6.5 million ETH, the initiative seeks to protect large investments amid Ethereum's stagnant price over the past five years. Backed by industry veterans and endorsed by Tom Lee and Ethereum co-founder Joseph Lubin, the alliance aims to leverage Wall Street connections to strengthen Ethereum's role as a foundational layer for the global financial system.
Bitcoin fell to its lowest level of 2024 at around $57,700 after a US jobs report showed weaker-than-expected employment growth, but quickly rebounded above $60,000. The disappointing jobs data suggests a cooling labor market, increasing hopes that t...
The Winklevoss twins transferred $60 million worth of Bitcoin to their Gemini exchange, likely to sell and take profits as Bitcoin struggles around $59,000. They still hold $300 million in Bitcoin after this move and also moved $7 million in Ethereum...
The Winklevoss twins transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, a pattern consistent with their previous selloffs, according to Arkham Intelligence. This move comes as Bitcoin and Ethereum face selling pressure, wi...
Ethereum Institutional, a new non-profit funded by Ethlabs backers including Ethereum co-founder Joe Lubin, has been launched to enhance business development and banking relationships within the Ethereum ecosystem. This move follows a 40% budget cut ...
The cryptocurrency market fell on July 1, with Bitcoin, Ethereum, Dogecoin, BNB, and HYPE all trading lower amid weakening investor sentiment. The EU's new Markets in Crypto-Assets (MiCA) regulation took effect, causing many firms to scale back or ex...
