Tom Lee, co-founder of Fundstrat, states that Ethereum is becoming the key settlement layer for Wall Street and artificial intelligence (AI) applications. Despite a broader crypto market pullback, Ethereum has outperformed most major cryptocurrencies, trading around $2,518. Lee attributes this resilience to Ethereum's emerging role in tokenizing traditional assets and supporting autonomous AI transactions. This thesis is backed by BitMine's investment in Ether, signaling confidence in Ethereum's future as a financial infrastructure. The market will watch if Ethereum continues to outperform as other coins decline.
In September, Kalshi's 15-minute gold trading contracts reached 542 million trades, exceeding Ethereum's 318 million and generating about $5 million in fees, nearly double Ethereum's $2.6 million. Bitcoin remains the dominant asset on the platform, p...
Ethereum (ETH) exchange-traded funds (ETFs) experienced their biggest outflow in three weeks on October 6, with $201.9 million withdrawn, marking the sixth consecutive day of outflows totaling $407.8 million since September 29. Despite initial price ...
Bitcoin fell below $85,000 after failing to break past $87,000, triggering over $550 million in liquidations, mostly from long positions. This price drop tested a key support range that has held since late September. If buyers defend the $85,000–$86,...
Ethereum's price fell below $2,600 following the deployment of the Glamsterdam upgrade on the Sepolia testnet, marking a key step before mainnet implementation. This upgrade increases the gas limit, allowing more transactions per block. The price dro...
Ether (ETH) traded down nearly 3% to around $2,617, facing strong resistance near $2,778 and support near $2,564. Technical indicators suggest weak short-term momentum, with sellers dominating and buyers hesitant. After gains in August and September,...
