
Trump Boosts Ethereum Holdings to 500M: Is ETH Heading to 10K
Donald Trump has purchased an additional 300 ETH, bringing his total Ethereum holdings to over 500 million.
Donald Trump has purchased an additional 300 ETH, bringing his total Ethereum holdings to over 500 million.
In a remarkable shift within the cryptocurrency market, Ethereum has experienced its largest weekly outflow since December 2022, with $1.8 billion in ETH leaving exchanges. This movement signals a potential market bottom as investors possibly view the current price levels as prime buying opportunities.
Zora, a leading Ethereum-based NFT protocol, has revealed plans for a token airdrop, rewarding its early users and community members. This move aims to further decentralize the platform and incentivize participation in its ecosystem.
Investor preference tilts towards Ethereum (ETH) as Exchange-Traded Funds (ETFs) report a $393 million surge in inflows, while Ethereum’s impending ‘Pectra’ protocol upgrade aims to fortify its blockchain, enticing positive market forecasts.
Ethereum’s price has seen a notable increase today, driven by factors such as network upgrades, growing DeFi activity, and positive market sentiment. This article explores the reasons behind ETH’s upward momentum and its potential implications.
Hong Kong has officially updated its Capital Investment Entrant Scheme to accept Bitcoin and Ethereum as valid proofs of net worth for investment visa applicants. This development marks a significant step in cryptocurrency adoption, making the city even more attractive to wealthy investors.
The CBOE BZX Exchange has filed to offer options trading on Ethereum ETFs, aiming to provide investors with more flexibility and hedging opportunities. This move could further legitimize Ethereum and expand its market accessibility, signaling growing institutional confidence in the crypto space.
Ethereum rollup pioneers are uniting to address the blockchain’s scalability and performance issues, aiming to intensify security and decentralization. This move comes as Ethereum faces growing scrutiny over its capacity to serve as the backbone for a decentralized internet.
Ethereum co-founder Vitalik Buterin has initiated a significant leadership overhaul of the Ethereum Foundation, aiming to refocus the organization on value creation over profit. CryptoQuant CEO Ki Young Ju publicly supports the restructuring, emphasizing the industry’s need for genuine value creation amid potential cryptocurrency slumps.
Ethereum’s price faces downward pressure, breaching the $3,087 support as supply expansion contrasts with the post-Merger deflationary period. The market eyes the critical $3,000 level for potential rebound or further decline.