$3,000 Ether Depends On More Than Just Strong Spot ETH ETF Inflows

Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Ether (ETH) struggled to trade above $2,400 on Thursday, but consistent inflows into Ethereum spot exchange-traded funds (ETFs)…

Critical Bitcoin trend change in works, but analysts say daily close above $80K required

Bitcoin’s rally above $79,000 may be a sign that the downtrend is ending, but a multi-day candle close above $80,000 would help strengthen the odds of a trend change holding. Source link

Canton, ZKsync Clash Over How Blockchains Enforce Rules

Banks are moving onchain through competing models that take different approaches to how financial rules are enforced. On the one hand are blockchain-native builders like Matter Labs co-founder Alex Gluchowski, who argue that financial systems require rules to be enforced across all participants. On the other are networks built for institutions like Canton, which prioritize…

$3,000 Ether Depends On More Than Just Strong Spot ETH ETF Inflows

Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Ether (ETH) struggled to trade above $2,400 on Thursday, but consistent inflows into Ethereum spot exchange-traded funds (ETFs)…

Crypto-Aligned Fellowship PAC Bets Big on Texas Senate Race

The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate and House races, with the majority going toward to support a Texas Republican candidate. In a Tuesday filing with the US Federal Election Commission (FEC), Fellowship PAC…

$3,000 Ether Depends On More Than Just Strong Spot ETH ETF Inflows

Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Ether (ETH) struggled to trade above $2,400 on Thursday, but consistent inflows into Ethereum spot exchange-traded funds (ETFs)…

Ethereum Metrics Signal ETH Price Rally Toward $6K Next

Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin may be primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price.  Supply squeeze…

Bitcoin enters disbelief phase as USDC exchange reserves push above $7.5B

A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising? Source link

Flying Tulip Adds Withdrawal Circuit Breaker After DeFi Exploits

Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string of major exploits.  According to Flying Tulip’s documentation, the mechanism is designed to slow funds leaving the protocol if outflow…

The market repriced DeFi in just 48 hours

Until last Friday, April 17, lending stablecoins into Aave, widely considered the gold standard of DeFi, paid 2.32% APY. The Federal Reserve’s overnight rate was 3.64%. Taken at face value, the market was pricing an unregulated, open-source smart contract as a lower credit risk than the United States Treasury. In 48 hours, that ended. The…