Happy days are here again for Ethereum ($ETH) and its investors as the world’s second-largest cryptocurrency broke the $4,600 mark. This brings $ETH to a level unseen since late 2021. Institutional investors and Ethereum ETFs have primarily driven the rally that began earlier this month. This bullish sentiment will also have a positive impact on the wider market and top ERC-20 tokens like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) as traders seek to diversify their investments. Ethereum ETFs, Institutional Investments Drive $ETH Surge Growing appetite for $ETH has driven its price since the beginning of August, resulting in a…
Author: ₿e Proud
Peter Thiel is doubling down on the emerging “corporate Ethereum treasury” trade. A fresh Schedule 13G filed with the US Securities and Exchange Commission shows entities affiliated with Thiel’s Founders Fund have amassed a 7.5% passive stake in 180 Life Sciences Corp. (Nasdaq: ATNF), which is rebranding as ETHZilla and pivoting its business to accumulating Ether and generating on-chain yield. Peter Thiel Doubles Down On Ethereum The disclosure, signed “/s/ Peter Thiel” on August 11, confirms beneficial ownership across multiple Founders Fund vehicles totaling roughly 11.6 million ATNF shares—7.5% of the float. The market reaction was immediate. ATNF shares more…
Key Takeaways ALT5 Sigma closed a $1.5 billion offering led by World Liberty Financial with significant board changes. ALT5 will implement a WLFI Treasury Strategy, aiming to hol about 7.5% of the WLFI token supply. Share this article ALT5 Sigma Corporation, supported by Eric Trump and Donald Trump Jr., announced Tuesday it had closed a $1.5 billion registered direct offering and private placement to kick off a treasury strategy focused on WLFI, the native token of World Liberty Financial.The completion of funding, which was led by World Liberty Financial, came after ALT5 Sigma revealed the plan on Monday. The company…
Do Kwon, co-founder of the defunct blockchain firm Terraform Labs, has pleaded guilty to US fraud charges after a tumultuous three years following the company’s collapse. Do Kwon, who took part in creating and developing the TerraUSD stablecoin and the Luna (now Luna Classic) token lost an estimated $40 billion in value in 2022, entered his plea during a court hearing in New York on Tuesday. Do Kwon Admits Guilt In Conspiracy And Wire Fraud Case Kwon faced serious allegations stemming from a nine-count indictment that included securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering, according…
In a new legal development, FTX customers claim that law firm Fenwick & West was a “key” player in the multi-billion-dollar fraud, alleging that the Silicon Valley firm was intertwined in many aspects of the crypto exchange’s operations. Customers Amend FTX Law Firm Track Complaint On Monday, FTX customers filed a motion to amend their complaint against Silicon Valley law firm Fenwick & West, claiming that it played a central role in the crypto exchange’s fraud before its collapse in 2022. The filing, which is part of a multi-district litigation (MDL), follows the June 2023 complaint that alleged the law…
Data shows the Ethereum derivatives market Open Interest has hit a new all-time high (ATH) following a surge in trader positioning. Ethereum Open Interest Has Crossed $30 Billion As explained by CryptoQuant community analyst Maartunn in a new post on X, the Ethereum Open Interest has seen a rise recently. The “Open Interest” here refers to an indicator that keeps track of the total amount of derivatives positions related to ETH that are currently open on all centralized exchanges. It includes both long and short bets. When the value of the indicator registers an uptick, it means the investors are…
When OpenAI launched GPT-5 last week, the company said the model would simplify the ChatGPT experience. OpenAI hoped GPT-5 would act as a sort of “one size fits all” AI model with a router that would automatically decide how to best answer user questions. The company said this unified approach would eliminate the need for users to navigate its model picker — a long, complicated menu of AI options that OpenAI CEO Sam Altman has publicly said he hates. But it looks like GPT-5 is not the unified AI model OpenAI hoped it would be. Altman said in a post…
Key Takeaways Treasury Secretary Scott Bessent urged the Federal Reserve to consider a 50 basis-point rate cut at the September meeting due to weaker job growth data. Jerome Powell is slated to speak at the Jackson Hole Economic Symposium in Wyoming later this month. Share this article Treasury Secretary Scott Bessent called for the Fed to consider a 50-basis-point interest rate cut at the Federal Open Market Committee meeting next month after the July Consumer Price Index (CPI) out earlier today was largely in line with expectations. “The real thing now to think about is should we get a 50-basis-point…
As Bitcoin (BTC) steadily marches toward setting another all-time high (ATH), the cryptocurrency’s adoption is rising in parallel. In a recent X post, Vetle Lunde, senior analyst at K33 Research, highlighted that Norway’s Sovereign Wealth Fund has increased its indirect exposure to BTC. Norwegian Sovereign Wealth Fund Increased Bitcoin Stack Lunde noted that Norway’s sovereign wealth fund – Norges Bank Investment Management (NBIM) – has significantly raised its indirect BTC exposure in 2025. He remarked: This is my favorite chart to update whenever the world’s largest sovereign wealth fund discloses holdings. It efficiently shows that BTC is finding its way…
Chainlink (LINK) has surged over 27% in the past week, breaking above $21, as institutional adoption and whale accumulation fuel bullish momentum. The oracle network’s deepening partnership with SWIFT now connects more than 11,000 financial institutions to both public and private blockchains, positioning Chainlink as critical infrastructure in the transition from traditional banking to blockchain integration. Institutional Adoption and DeFi Integration Accelerate Chainlink’s (LINK) Ascent At Chainlink’s recent SmartCon event, the network showcased its Cross-Chain Interoperability Protocol (CCIP), successfully linking SWIFT’s legacy messaging system with multiple blockchain networks. Trials with major banks, including BNY Mellon and BNP Paribas, demonstrated the…