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Analysts are assessing the potential price trajectory of Ethereum after it surpasses the $4,000 mark, considering various market indicators and trends. Predictions are varied, with some experts optimistic about significant gains while others urge caution due to market volatility.
The Ethereum Foundation has donated $500,000 to support Roman Storm, co-founder of Tornado Cash, as he prepares for his trial starting July 14 in New York. Storm has expressed that a loss in this case could have dire consequences for decentralized finance (DeFi).
Ethereum co-founder Vitalik Buterin highlighted the growing interest of sovereign wealth funds in acquiring Ethereum (ETH) as a strategic asset. He noted that these investments are indicative of the increasing legitimacy and adoption of cryptocurrencies in traditional finance. Buterin emphasized the importance of regulatory frameworks to ensure the safe integration of crypto assets into mainstream finance.
Ethereum is approaching a critical price level that could see it matching Bitcoin's previous gains, which were around 450%. Market analysts are closely monitoring this trend, as a breakout could signal significant bullish momentum for Ethereum.
BitMine has approved a stock repurchase program worth up to $1 billion as it aims to acquire 5% of Ethereum's supply. The company currently holds 625,000 ETH valued at approximately $2.4 billion, alongside 192 BTC and significant cash reserves. This move reflects BitMine's strategic shift towards prioritizing Ethereum accumulation.
Bit Digital has raised $162.9 million through share offerings to fund its transition from Bitcoin mining to establishing an Ethereum treasury. The firm plans to convert its existing Bitcoin holdings into Ether as part of its strategic pivot, reflecting a broader trend among publicly traded companies moving towards Ethereum investments.
Bitcoin's price has fallen below $80,000, dropping over 3% in just two hours due to macroeconomic uncertainty following U.S. President Trump's tariff announcements. The decline has impacted the broader cryptocurrency market, with the top 30 cryptocurrencies down over 6% in the past day, while Ethereum has experienced a nearly 8% drop.
Charles Schwab is set to launch spot trading for Bitcoin and Ethereum, aiming to integrate cryptocurrencies into traditional investment portfolios while emphasizing client education and innovation. This strategic move reflects Schwab's recognition of the growing demand for digital assets and positions the firm to enhance client convenience and portfolio diversification. By focusing on major cryptocurrencies, Schwab hopes to mitigate risks and promote informed decision-making among investors.
MegaETH's public auction for its MEGA token sold out in minutes, raising nearly $50 million, with demand exceeding three times the available supply. The sale attracted accredited investors globally and offered a 10% discount for those willing to lock their tokens for a year.