Mike Novogratz, the CEO of Galaxy Digital, told CNBC’s Squawkbox that he thinks ETH could start to outperform Bitcoin within 3-6 months, driven by the rise of Ethereum treasury companies. Novogratz said that if ETH can crack the US$4,000 mark it will enter a period of price discovery. He alsoContinue Reading
Corporate and institutional treasuries now hold over US$10.5 billion in Ether, representing 2.26% of ETH’s circulating supply across 64 major organisations. Bitmine Immersion Tech leads with 625,000 ETH, followed by SharpLink Gaming and The Ether Machine, whose combined holdings now exceed the Ethereum Foundation’s own reserves. Some firms like BernsteinContinue Reading
Ethereum’s decade-long evolution has transformed it from an ICO experiment to the dominant smart contract platform supporting DeFi, NFTs, and stablecoins. The Merge helped cut Ethereum’s energy use by 99%, but challenges around scaling and regulation still remain. Ethereum maintains dominance in DeFi and NFTs, but must innovate quickly amidContinue Reading
A note from brokerage firm Bernstein sent Monday has explained how ETH treasury strategies using staking and DeFi to optimise yield increase liquidity management complexity and introduce smart contract security risks. Bernstein wrote that while these strategies add cash flow through staking rewards, compared to Bitcoin treasuries strategies they’re significantlyContinue Reading
Crypto ETPs saw their 15th consecutive week of net inflows, pushing year-to-date totals to US$29.5 billion and AUM to an all-time high of US$221.4 billion. Ethereum-based investment products attracted US$1.59 billion, their second-largest weekly inflow ever. ETH’s price surged over 55% in 30 days. SharpLink Gaming acquired another 77,210 ETH,Continue Reading
