Ethereum exit queue hits Record $5B ETH, raising Sell Pressure concerns

Ethereum is seeing the largest validator exodus in crypto history, with over 1 million Ether tokens currently waiting to be withdrawn from staking through Ethereum’s proof-of-stake (PoS) network. Ethereum’s exit queue surpassed 1 million Ether (ETH) worth $4.96 billion on Thursday. This marks the amount of Ether set for withdrawal by the network’s validators, who…

El Salvador’s $1B Bitcoin Holdings Bet Hits Polymarket

El Salvador President Nayib Bukele called attention to prediction markets amid increasing bets that the country’s Bitcoin holdings will hit $1 billion by year-end. Bukele took to X on Wednesday to tweet about Kalshi’s prediction market, which shows increasing betting activity on El Salvador’s Bitcoin (BTC) holdings hitting $1 billion by late 2025. “I could…

Crypto Projects Set to Unlock $4.5B in Tokens in September

Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist.  Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders…

VanEck CEO Predicts Ethereum Will Power Stablecoin Bank Transfers

Jan van Eck, the CEO of investment management firm VanEck, speculated that Ethereum will be the clear “winner” among blockchains as banks prepare for a flood of stablecoins.  During an interview with Fox News Business on Wednesday, van Eck said banks and financial services will have to adopt a blockchain to handle stablecoin transactions, and…

ARK Buys $15.6M of Bitmine (BMNR) Shares

ARK Invest bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies (BMNR) on Wednesday. The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its exchange-traded funds (ETFs) — Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) — according to an emailed notification. Bitmine shares…

Trump’s Fed Chair Shortlist Includes Some Tied To Crypto

The Trump administration is considering at least 11 candidates to replace Jerome Powell when his term as Federal Reserve chair expires in May. At least three of them have taken positive stances toward crypto. Treasury Secretary Scott Bessent told Fox News on Wednesday that there are 11 “very strong candidates” for Fed chair, which he’ll…

Bitcoin Bounce Fizzles Again: Here’s Why

Key takeaways: Retail traders are aggressively buying BTC price dips in spot and futures markets, but net selling from larger order investors is preventing a robust price recovery. Risk of another liquidation cascade to $105,000 seems less likely, but investor sentiment is misaligned with the trend seen in assorted cumulative volume data cohorts. Bitcoin (BTC)…

$5K ETH Could Arrive After Friday’s $5B Options Expiry

Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. The $5 billion Ether (ETH) options expiry on Friday might mark a turning point for the cryptocurrency, as bullish strategies are now better…

Ether ETFs Crush Bitcoin With 10x Higher Inflows This Week

Spot Ether exchange-traded funds are selling like hot cakes in the US, attracting more than ten times the inflows of their spot Bitcoin counterparts over the past five trading days.  Since last Thursday, spot Ether ETFs have seen a whopping $1.83 billion in inflows, while Bitcoin funds took only a tenth of that with $171…

Investment Advisers Outpace Hedge Funds in Bitcoin and Ether ETFs

Investment advisers are the largest trackable cohort outside of retail that are buying Bitcoin and Ether exchange-traded funds, according to new data from Bloomberg Intelligence.  Bloomberg ETF analyst James Seyffart said in an X post on Wednesday that investment advisers are “dominating the known holders” of Ether ETFs, investing over $1.3 billion or 539,000 Ether…