Key takeaways: Ether consolidated around $4,000 as the lack of futures demand and weak ETF flows suggest the absence of bullishness. Declining Ethereum network fees and activity suggest lower onchain demand. Analysts warn of a drop to $3,500 if the support at $4,000 is not reclaimed shortly. Ether (ETH) has oscillated around $4,000 for the…
Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies. The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee….
Solana staking exchange-traded funds have a promising future on traditional stock exchanges after Bitwise’s fund debut on the New York Stock Exchange surpassed $56 million in first-day trading volume. Matt Hougan, Bitwise chief investment officer, described the Bitwise Solana Staking ETF (BSOL) as “the missing part of the puzzle” in conversation with Cointelegraph’s Chain Reaction…
Global payments giant Visa is set to roll out support for four stablecoins across four “unique blockchains,” as the firm pushes to ramp up its crypto services. Visa CEO Ryan McInerney told investors on the company’s fourth-quarter and year-end earnings call on Tuesday that the firm will continue expanding its stablecoin offerings amid strong growth…
SharpLink Gaming has announced plans to deploy $200 million worth of Ether (ETH) from its corporate treasury onto Consensys’ Linea network. The company said the multi-year initiative will use Linea’s zkEVM layer-2 infrastructure to generate onchain yield and increase the efficiency of its ETH holdings. According to Tuesday’s press release, the strategy aims to capture…
Evernorth Holdings, a new Ripple-backed digital asset company, has reportedly amassed $1 billion worth of XRP tokens as part of its strategy to establish an XRP treasury. As of Monday, Evernorth’s XRP (XRP) holdings totaled 388.7 million tokens, according to data from digital asset analytics platform CryptoQuant. With XRP trading above $2.60 at the time…
Decentralized exchange dYdX released a post-mortem and community update detailing plans to compensate traders affected by a chain halt that paused operations for roughly eight hours during last month’s market crash. The exchange said on Monday that its governance community will vote on compensating affected traders with up to $462,000 from the protocol’s insurance fund….
Technology giant IBM has launched a cryptocurrency platform for US institutions, marking one of the company’s strongest pushes yet into digital assets and blockchain infrastructure. IBM’s new platform will offer US businesses and governments crypto custody and payment services by the end of the year, aiming to simplify the integration of digital assets into the…
One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli. Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5.1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday. The bankruptcy…
United States Treasury secretary Scott Bessent said on Sunday that the US and China have made “substantial” progress on a trade deal framework, sparking investor hopes of reigniting the bull market. The proposed trade framework will likely remove the need for the 100% additional tariffs announced by US President Donald Trump on October 10, Bessent…
