Key Takeaways Ethereum surpassed $4,000, marking its highest level since December due to strong institutional inflows. BlackRock’s iShares Ethereum Trust (ETHA) rapidly grew to over $11 billion in assets, ranking among the top capital-attracting funds. Share this article Ethereum surged above $4,000 this morning and hit its highest level since December 2024 on the back of strong institutional inflows, according to data from TradingView.The second-largest crypto asset has jumped more than 53% this month and trades about 18% below its record of $4,878 set in November. It is up 20% year-to-date.US-listed spot Ethereum ETFs have seen money returning over the…
Author: ₿e Proud
$SOL is in full chart boom, pushing to $200 as BIT Mining takes steps to kickstart its $300M $SOL treasury. The Chinese company announced its plans to set up a $300M $SOL treasury on July 10, pivoting away from Bitcoin with the goal of ‘staying adaptive and responsive in an ever-evolving industry.’ Following that announcement, BIT Mining acquired 27,191 $SOL on August 5, for a total investment of $4.89M, to launch its self-operated Solana validator. The fact that one of China’s largest former Bitcoin mining companies is now shifting some of its attention to Solana is a powerful driving force…
Bitcoin is trading at key level after regaining the $115,000 mark, and despite the ongoing integration below the $120,000 threshold, Bull is in solid control. This trend remains bullish and is supported by a stable purchasing interest and strong technical positioning. Related readings Important data shows that the correlation between Bitcoin and the S&P 500 has skyrocketed to 80%. With this high-correlation regime, continuous gatherings in US stocks can provide a tailwind for Bitcoin towards new highs, and stock pullbacks could amplify downside volatility. The S&P 500 is currently in bullish stages, so it appears that BTC is tracking the…
Bitcoin continues to solidify its status as a strategic reserve asset, with growing institutional adoption fueling its long-term bullish narrative. The latest major endorsement comes from one of the world’s most prestigious universities — Harvard. In a recent SEC filing, it was revealed that Harvard University’s investment portfolio acquired $117 million worth of shares in BlackRock’s spot Bitcoin ETF by the end of the second quarter of 2025. This move places Harvard among a growing list of influential institutions integrating Bitcoin into their long-term treasury strategies. The BlackRock spot Bitcoin ETF, now managing $84 billion in assets under management, has…
Key Takeaways BlackRock has stated it currently has no plans to offer spot ETFs for XRP or Solana. The asset manager clarified their position amid speculation following Bitcoin and Ethereum ETF launches. Share this article With Ripple closing its long-running legal battle with the SEC, industry analysts anticipate that the resolution will make major fund managers more comfortable offering investment products tied to XRP, Ripple’s native crypto asset.Pro-XRP users, in particular, have been eyeing BlackRock, the asset management giant. But it appears BlackRock has no immediate plans to get on board.A BlackRock spokesperson recently told The Block that spot XRP…
Ethereum, often called digital silver, has just smashed through the $4,000 level and is now cruising toward – and potentially beyond – its all-time high of $4,867.95 set in November 2021. $ETH’s surge has captured the market’s full attention, as such moves have historically preceded or coincided with full-blown altcoin seasons. They also noted that Fridays and Saturdays have typically been accumulation days over the past month, hinting that the real rally could kick off on Sunday or Monday. With the token already up more than 19% in the past week, the potential for even greater – and possibly…
Solana has continued to fluctuate between bullish and bearish momentum with no definite break in a particular direction. Amid this, there have been retests of both resistance and support levels with no outcome, and this has contributed to the formation of a head and shoulders pattern. With this development, the Solana price is now looking in one of two possible directions, both of which could carry major implications for investors of the altcoin. Solana Head And Shoulders Pattern Could Trigger Rally Crypto analyst Melikatrader pointed out that Solana has completed a Head and Shoulders formation on its 1-Day chart. This…
Key Takeaways World Liberty Financial, backed by the Trump family, aims to raise $1.5 billion and establish a public company to hold WLFI tokens. The WLFI token, initially non-transferable, is planned to become publicly tradable. Share this article World Liberty Financial, the DeFi project backed by the Trump family, is exploring plans to establish a public company that would hold WLFI, its native crypto asset, Bloomberg reported Friday. The company is said to be targeting a raise of approximately $1.5 billion to fund the vehicle’s launch.The company is approaching major investors from the technology and crypto sectors, with talks reportedly…
OpenAI astounded the tech industry for the second time this week by launching its newest flagship model, GPT-5, just days after releasing two new freely available models under an open source license. OpenAI CEO Sam Altman went so far as to call GPT-5 “the best model in the world.” That may be pride or hyperbole, as TechCrunch’s Maxwell Zeff reports that GPT-5 only slightly outperforms other leading AI models from Anthropic, Google DeepMind, and xAI on some key benchmarks, and slightly lags on others. Still, it’s a model that performs well for a wide variety of uses, particularly coding. And,…
Key Takeaways Block’s Proto Mining will launch new Bitcoin mining chips next week to democratize mining. Block’s Cash App platform shows strong growth in Bitcoin transactions and financial services. Share this article Proto Mining, an initiative built by Jack Dorsey-led Block, will launch new Bitcoin mining chips next week that it believes will help democratize the mining ecosystem, said Amrita Ahuja, the company’s chief financial officer, in a Friday interview with CNBC’s ‘Squawk Box.’Dorsey also hinted at the launch on X yesterday. The Bitcoin advocate recently generated headlines for the rollout of Bitchat, a decentralized messaging application. next week ⛏️…