Latest news with #ETH-USD
Yahoo
23-07-2025
- Business
- Yahoo
Why ethereum is the 'largest beneficiary' of the GENIUS Act
Ethereum's (ETH-USD) price surge is linked to stablecoin legislation and its unique blockchain capabilities. Andrew Keys, co-founder and chairman of The Ether Machine, explains how ethereum supports most stablecoins and tokenized assets through smart contracts. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. I'm curious your take on the underlying prices also because um you know, as much as we have seen Bitcoin appreciate this year, in the last few weeks Ethereum's just been a rocket ship in terms of a price appreciation. Um, how much of that is sort of what's going on in Washington and are there things that are in the either, I mean, I we have the stable coin legislation pass, but in terms of the legislation being considered that will have implications for Ethereum specifically? Great question. So Ethereum is the largest beneficiary of the Genius Act, which is the stable coin bill because Ethereum hosts is home to the majority of stable coins. So with the Bitcoin blockchain, you have one asset, a Bitcoin, and you can do one thing. You can move it from one person to another. With Ethereum, you can have infinite assets that you can tokenize, and then you can embed these tokens into digital legal agreements, called smart contracts. And we've found that Ethereum has this escape velocity where 90% of tokenization and real world assets and stable coins are residing on Ethereum. Andrew, thanks so much. We'll keep in touch. See how it all goes. Appreciate your time. Thank you.
Yahoo
11-07-2025
- Business
- Yahoo
Bitcoin Rockets Over $118,000
Bitcoin (BTC-USD) shot up to about 118 158 dollars on Friday as big institutions piled in and the White House dropped some friendly signals. Ethereum (ETH-USD) climbed past 3000 dollars and other tokens like XRP and Stellar also picked up a few percent. Uniswap led the altcoins with a lively six percent bump. Back in March, the president signed an order to create a strategic crypto reserve and tapped Paul Atkins at the SEC and David Sacks at the White House's AI team. Even Trump Media is lining up an ETF that would hold multiple cryptocurrencies, according to a recent SEC filing. All this clarity on policy and high level backing has coaxed more big money into digital assets. That momentum is turning a simple Bitcoin rally into a broader token celebration. In early trading, crypto linked names from MicroStrategy through Bitfarms popped higher as investors cheered the record highs and braced for what's next. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
09-07-2025
- Business
- Business Insider
Why Did BTCS Stock Skyrocket Today?
BTCS Inc. (BTCS) stock skyrocketed over 110% today after the blockchain technology firm disclosed plans to raise $100 million in 2025 to accumulate Ethereum (ETH-USD). This move aligns with the company's plan to become one of the largest ETH holders among public companies. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. BTCS's Financial Strategy The company aims to adopt a hybrid financing model, integrating both decentralized finance (DeFi) and traditional finance (TradFi) tools to meet its funding goals. It must be noted that BTCS seeks to build up its Ethereum holdings while limiting shareholder dilution. To achieve this, the company is using tools such as at-the-market (ATM) equity sales, convertible debt deals with ATW Partners LLC, and DeFi loans from Aave, backed by its current ETH. 'We believe that Ethereum has significant growth potential and is central to the future digital financial infrastructure. Now, with Ethereum at 2021 price levels, is the time to deepen our exposure,' said CEO Charles Allen. Growing Trend Among Crypto Firms Inspired by Michael Saylor 's Bitcoin-centered tactic at Strategy (MSTR), several public companies are now turning to Ethereum, seeing long-term value and income from holding and staking it. Some of the crypto firms following this trend are Bit Digital (BTBT), SharpLink Gaming (SBET), BitMine Immersion (BMNR), and GameSquare. These companies aim to acquire and hold ETH as a treasury asset. Is BTCS a Good Stock to Buy? Turning to Wall Street, BTCS stock is a Moderate Buy based on one analyst rating. On May 20, Top analyst Kevin Dede from H.C. Wainwright reiterated a Buy rating on the stock with a price target of $5 (15.4% downside from the current level).
Yahoo
03-07-2025
- Business
- Yahoo
Bitcoin's big year fails to lift Ethereum, Solana: Chart of the Day
Crypto's rollercoaster year continues, with ethereum (ETH-USD) and Solana (SOL-USD) both down sharply this year despite gains in bitcoin (BTC-USD). Morning Brief: Market Sunrise anchor Ramzan Karmali explains how $300 billion in crypto value has been wiped out in 2025 and which tokens are still seeing momentum. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. So, on the face of it, 2025 was supposed to be a boom year for crypto. But truth is, as you can see on screen, while Bitcoin is up, other major cryptocurrencies are actually in the red for the year. Here we have Solana and Ethereum, both major players in this field, that are both down significantly after some big swings. Well, despite key legislation that is expected to pass in Congress and even if President Trump and his family have ventured into the sector, beyond the bullish headlines, crypto assets are facing steep declines. According to a Bloomberg calculation, more than $300 billion of crypto value has been wiped out so far this year. Bitcoin is now about two-thirds of the total market value of crypto assets. That's the highest since 2021. So, can crypto face a mass extinction event? Well, it wouldn't be the first time and the crypto world is certainly used to volatility. On the other hand, tokens like Maker or hyperliquid, along with other projects linked to decentralized finance protocols, are on the rise. And the traditional crypto platforms like Kraken are opening new markets.
Yahoo
12-06-2025
- Business
- Yahoo
Ethereum ETFs extend record inflows: What's behind crypto demand
Ethereum (ETH-USD) ETFs have seen consecutive weeks of record inflows since being approved by the Securities and Exchange Commission last year. SVP of content and editor in chief Kristin Myers sits down with Madison Mills for a conversation about the investor draw these crypto funds have proven to have as the iShares Bitcoin Trust ETF (IBIT) soars past $70 billion in assets under management as bitcoin (BTC-USD) re-approaches its record high. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Just under a year after being approved by the SEC, Ethereum ETFs had a record seventh consecutive week of inflows, bringing in $326 million in the past week alone. To break down the risk on rally, I want to bring in Kristen Myers, SVP of content and editor-in-chief for this week's ETF report brought to you by Invesco QQQ. Great to have you this morning, Kristen. Talk to me about what the inflows into these ETFs are indicating to you about risk sentiment. Yeah. So, frankly, people are being very risk-on, particularly when it comes to cryptocurrency, and that's because the SEC has made some comments lately, all in regards to cryptocurrency staking, you know, where folks can essentially allow their cryptocurrency to earn rewards for them by validating either the Ethereum or Bitcoin networks. Now, it was unclear what the SEC and what regulators were going to say in regards to staking, particularly when it comes to these ETFs, but it seems that the SEC might actually be pretty favorable towards staking, and that is why we're really seeing a lot of these crypto ETFs, particularly around Ethereum, really pulling in a lot of money. Now, you kind of mentioned, uh, broadly, we've seen $326 million of inflows into Ethereum ETFs or into Ether ETFs. ETHA, that is the iShares Ethereum Trust Etha. It pulled in over 300 million of that $326 million just last week alone. And so really, a lot of folks are piling a lot of money into particularly, again, that Ether ETF as they're really, really wanting to be risk-on when it comes to cryptocurrency. And they're also seeing a little bit of grabbing some of the outflows that we saw from the spot Bitcoin ETFs. That has been moving over to Ethereum, again, Ethereum really becomes a sort of mainstream crypto asset. And to what degree do you expect those flows to continue going forward? Yeah, that's a really, really good question because what we're seeing with cryptocurrency is a little bit interesting. These are not assets that are totally mature, and there's a lot of questions how these assets are going to perform in a portfolio. For example, when it comes to Bitcoin, there's still a question of whether it is digital gold, for example. And as we see a lot of volatility in the markets around trade and around inflation, recession risk and the Fed, investors really need to decide how they want these assets to perform in their portfolio. And that question, or rather the answer to that question will really truly decide how we're going to see the inflows into these assets either continue. Now, I will say this, we are continuing to see the inflows into these assets, particularly as these assets continue to grow in terms of value. So I don't see this trend happening anytime soon, but I do think it will be a little bit of a roller coaster ride for investors going forward. Sign in to access your portfolio
