Latest news with #Ether
Time of India
an hour ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Bitcoin Dips Below $103K Amid Market Volatility
21 Jun 2025 | 02:05:12 AM IST Over 35 million Ether is now staked, leading to tighter liquidity as investors favor passive yields over trading. Corporate treasuries, including SharpLink, are driving this trend. The cryptocurrency landscape is witnessing significant developments as staked Ether (ETH) has surpassed 35 million tokens, accounting for over 28% of Ethereum's circulating supply. This trend reflects a growing preference for passive yield strategies among investors, particularly corporate treasuries like SharpLink, which recently staked a substantial portion of its ETH holdings. Meanwhile, optimism is rising around the approval of various crypto exchange-traded funds (ETFs), with Bloomberg analysts estimating a 90% or higher chance for many filings, including those for XRP, Solana (SOL), and Dogecoin (DOGE). The SEC's recent engagement is seen as a positive sign for these approvals. Additionally, Solana continues to thrive, reporting over $1 billion in app revenue for two consecutive quarters and attracting a significant number of developers. As the crypto market evolves, the interplay between staking, institutional investment, and potential ETF approvals will be crucial in shaping the future of digital assets. Show more
Yahoo
5 hours ago
- Business
- Yahoo
Bitcoin Steady Above $104K as Traders Eye Historically Bullish Second Half
Crypto markets drifted lower on Thursday, caught between hawkish macro guidance, looming global trade deadlines, and fading volatility. Bitcoin BTC hovered near $104,700 during Asia hours, slipping 1.2% over 24 hours, while ether ETH traded just below $2,860, down 1.8% on the day. The soft price action tracks with broader macro unease following Wednesday's FOMC hold, where the Fed kept rates unchanged but reiterated a cautious, inflation-sensitive stance. Historically subdued during the June-July stretch, crypto markets have entered a lull with BTC front-end implied volumes slipping under 40%, erasing the risk premium from recent geopolitical tension, Singapore-based QCP Capital noted in a Thursday market broadcast. Open interest across BTC and ETH perps remains flat, and option markets skew negative, with puts trading at a premium to calls – a sign of traders hedging against short-term pullbacks. 'There's been no change to the technical picture, which remains supportive of another push to the topside,' said Joel Kruger, strategist at LMAX Group, in an email to CoinDesk. 'BTC continues to consolidate bullishly, and a move through recent highs could set up a run toward $145,000.' Ether still lags its 2021 highs but is gaining momentum, he added. 'Clearing $2,900 could bring $3,400 into play,' Kruger said. One bright spot for crypto is the U.S. Senate's passage of a stablecoin framework, which adds another building block to what is becoming a more regulatory-friendly global environment. That's reinforced a broader institutional conviction. 'Globally, we're seeing continued progress that promises greater clarity and a more welcoming environment for institutional crypto adoption,' Kruger added. Still, the near-term setup remains cautious. Month-end OPEX flows, systematic rebalancing, and a lack of fresh catalysts could keep BTC stuck in its $ 102,000–$ 108,000 band for now. But with H2 historically strong for crypto, some desks are already looking ahead. 'The worst may be behind us,' Kruger said. 'And the next leg up could catch many off guard.'
Yahoo
2 days ago
- Business
- Yahoo
Which Cryptocurrency Is More Likely to Be a Millionaire Maker: Solana vs. Ethereum
Solana and Ethereum are both leaders in cryptocurrency today. Ethereum has the edge in regulatory clarity and size, but not in its costs for users. Solana has the edge in speed as well as in developer enthusiasm, at least for now. 10 stocks we like better than Ethereum › Investors looking for life-changing gains in cryptocurrency face a familiar fork in the road. One path is paved by Ethereum (CRYPTO: ETH), the chain that made many millionaires during the 2021 bull run. Ethereum still commands the deepest liquidity in all of crypto, not to mention a large and enthusiastic base of holders and developers. The other is the express lane championed by Solana (CRYPTO: SOL), purpose-built for speed and cost efficiency, and the favorite of meme coin traders everywhere. Both roads look promising at first glance, yet the odds of either coin printing millionaires from today's prices are slimmer than social media hype suggests. Still, relative advantage matters. If one network can compound value even a few percentage points faster, the payoff over a decade could dwarf the other. Let's compare and contrast their chances. Even in 2025, Ethereum remains the capital city of crypto development. It hosts the largest absolute developer base by a wide margin, and it's the second-largest by market cap, with a cap of $343.3 billion. At the same time, exchange-traded funds (ETFs) holding Ether began trading last summer, and already vacuumed up $3.5 billion in net inflows, with another $450 million arriving from June 1 to June 11 alone. That steady bid from holders of big amounts of capital gives Ethereum a funding source Solana can only envy for now. Nonetheless, its gas fees and slow transaction times have been difficult problems to solve, even with its latest major update called Pectra, which just launched. While it's true that fees fell a lot compared to yesteryear, neither transaction volume nor its sum of active wallet addresses moved meaningfully higher. Cheaper usage is welcome, but falling demand hints that Ethereum's moat is eroding at the edges. Still, regulation works in Ethereum's favor for now. The Securities and Exchange Commission (SEC) approved spot Ether ETFs last year without labeling it a security, which would imply a dramatically higher regulatory compliance burden for the coin as well as probably the projects in its ecosystem. That tacit blessing lowers existential risk for holders and it directly enables the institutional investors that are now allocating to the asset. The catch when it comes to the coin's millionaire-maker potential is its valuation. Turning a $10,000 stake into $1 million would require another 100-fold rise, which is almost certainly not going to happen, as there aren't any catalysts in sight that would help it along, nor is there enough circulating capital in the financial system, given the coin's current market cap. Solana courts investors with a different pitch, as it offers near-instant transaction settlement and fees that are so low that they're usually negligible. Crypto developers are voting in favor of that proposition with their feet. Solana was the No. 1 destination for new developers in 2024, and saw its developer count jump 83% year over year. That talent inflow is translating directly into user traction. Solana now handles 81% of all on-chain decentralized exchange (DEX) transactions in the crypto sector, and as many as 64% of non-fungible token (NFT) mints. Fresh capital catalysts are lining up, too. Canary Capital filed an S-1 for a spot Solana ETF on May 21. Approval by regulators is far from guaranteed, but even a credible review process could legitimize the asset for advisors who currently cannot touch it. Meanwhile, Solana's speed, cost profile, and compression tricks make it a natural playground for artificial intelligence (AI) projects in crypto, as well as sensor-rich decentralized physical infrastructure (dePIN) protocols seeking sub-penny fees. Alas, the upside math for making a millionaire with an investment in Solana is hardly any kinder than for Ethereum. Its market cap is nearly $90 billion. A tenfold climb over the next 10 years might be believable, but the 100x climb that'd be necessary to turn an investment of $10,000 into $1 million quite simply does not pass the sniff test. Even the most outrageous pipe dreams of the coin's most hardcore evangelists would not be enough to create growth of that scale, even when considering very long time frames. That doesn't mean that Solana or Ethereum are bad investments whatsoever. If your risk tolerance cannot stomach the potential for regulatory surprises, Ethereum remains the steadier grind despite its warts. On the other hand, if you can handle turbulence and believe that speed, low fees, and a growing population of developers will keep grabbing market share, Solana looks like the better option, even if it won't make you into a millionaire. Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Alex Carchidi has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Ethereum and Solana. The Motley Fool has a disclosure policy. Which Cryptocurrency Is More Likely to Be a Millionaire Maker: Solana vs. Ethereum was originally published by The Motley Fool
Yahoo
3 days ago
- Business
- Yahoo
Ethereum critics say it has failed—but boosters say cryptocurrency has become ‘digital oil'
Ethereum is dead. Ethereum will be fine. The social media takes are flying on the state of the world's second most valuable blockchain. Conceived in 2013, Ethereum has experienced a series of dramatic ups and downs, including an existential hack in 2016 and a remarkable technological upgrade in 2022. But this year has brought unprecedented scrutiny of the current and future direction of the project. A big part of this is due to the price of Ethereum, which is badly lagging Bitcoin. The world's most valuable cryptocurrency has notched a series of all-time highs and a flurry of interest from Wall Street investors. Meanwhile, as of Tuesday, Ethereum was trading around $2,500, about 50% lower than its all-time high, according to data from crypto exchange Binance. Ether's lackluster price movement has prompted some to proclaim Ethereum's end. 'Ethereum died,' wrote Max Keiser, a prominent Bitcoin booster, on X. 'It just hasn't been buried yet.' This is an overstatement. But questions remain on whether Ethereum's price slump reflects a temporary stumble, or whether the blockchain—long hailed by boosters as the computer of the future—will never grow into its promise. 'Bitcoin has died many times… Ethereum has died several times,' Joseph Lubin, CEO of the blockchain technology firm Consensys and cofounder of Ethereum, told Fortune. 'When there are challenges, we learn from them.' Those challenges have been present since 2013, when a wiry 19-year-old from Canada named Vitalik Buterin had an idea for a new type of computer. Fearing that Big Tech firms had an unhealthy monopoly over cloud computing that could stifle developers, Buterin looked to blockchains instead. He and others came up with Ethereum—a decentralized blockchain-based computing platform where programmers' code was immune to the whims of corporate behemoths. Developers soon flocked to Ethereum, but the increase in activity brought a rise in 'gas fees.' Every time users send one another assets on Ethereum, they need to pay with cryptocurrency—in the same way Amazon requires users to pay dollars to use its cloud computing network. The only difference is that Ethereum's gas fees are distributed to the decentralized cohort of computers supporting the blockchain, instead of one corporate entity. In 2021, sending a few dollars of cryptocurrency to other users on Ethereum resulted in charges of sometimes hundreds of dollars, and developers looked for a solution. This embedded content is not available in your region. That solution is what Ethereum's critics say has sapped the network of some of its financial value. Instead of immediately working to speed up Ethereum's core network, developers fostered a system of layer 2 blockchains, or L2s, built on top of Ethereum. These L2s—including Arbitrum, Optmism, and Polygon—package user data into one bundle and post that onto Ethereum, rather than ask the blockchain to process each transaction individually. If gas fees are any indication, that strategy has worked. Since a peak in mid-2020, transaction costs have plummeted more than 99% on Ethereum, according to data from Glassnode. But Kyle Samani, managing partner at crypto investment firm Multicoin Capital, believes this approach has made the core network of Ethereum less valuable. 'It's my fundamental view that a network is not sustainable or valuable without direct user activity,' he told Fortune. Users have moved to L2s and drained Ethereum of some of the activity that propped up its cryptocurrency's price, Samani, a noted supporter of the competing Solana blockchain, argued. However, Paul Brody, chairman of the Enterprise Ethereum Alliance, an advocacy group for the blockchain, said fixation on the price of Ether in the short term is missing the point. 'Ethereum is the amazing world computer,' he told Fortune. 'I don't think it can or should try to be all things, all people, and, especially, I don't think Ethereum should also try to be the best, most deflationary cryptocurrency.' Ethereum's upgrades, not any explicit work to buoy Ether's price, should prompt a rise in demand for the cryptocurrency, said Brody. And that's what developers are working on, said Danny Ryan and Vivek Raman, cofounders of the Ethereum advocacy group Ethrealize—one of many wings of a robust technical and cultural community based around the blockchain that convenes at large annual get-togethers like ETHDenver in Colorado. Programmers are now optimizing the speed of the layer 1 network, not just its ecosystem of layer 2 chains, say Ryan and Raman. Plus, the duo believe that the flood of Wall Street and Big Tech firms exploring blockchain technology will spur a rush to buy the cryptocurrency. 'I don't think that we should pretend like the asset doesn't need to be valuable,' added Danny Ryan. His cofounder Raman even equated Ethereum to 'digital oil.' 'When you ask institutions, when we go have our meetings and say, 'Which is a civilizational infrastructure, which is the global, neutral infrastructure that you can actually deploy real assets with real trust?'' Raman added. 'Ethereum is the obvious choice.' But whether Wall Street titans decide to go with Ethereum, rather than competitors like Solana, remains to be seen. Still, proponents are hopeful. 'If we do our job, and we become the first place for everybody to do business,' said Brody, 'then the asset price is just something that takes care of itself.' This story was originally featured on Sign in to access your portfolio
Bloomberg
3 days ago
- Business
- Bloomberg
Crypto-Treasury Stock Investors Brace for Routine SEC Filings
Ryan Weeks takes a look at the SEC filing that matters most for investors of crypto-treasury companies. Shares in SharpLink Gaming Inc. — a budding Ether-treasury company — plunged last week after what the company's chairman and Ethereum co-founder Joe Lubin brushed off as a routine filing.
