ETH Treks Toward $5K As Data Confirms Trend Change

Key takeaways: Ethereum network activity surged by 63% in 30 days, strengthening the case for an imminent breakout to $5,000.  Ether futures open interest jumped to $69 billion, highlighting robust demand for leveraged exposure. Ether (ETH) rallied to its highest level in nearly four years on Friday, sparking $351 million in liquidations from leveraged bearish…

US Court Grants Brief Stay In Coinbase Lawsuit Involving Biometric Data

An Illinois judge has granted a motion to stay proceedings in a lawsuit against cryptocurrency exchange Coinbase pending a ruling in the appellate court. In a Thursday filing in the US District Court for the Northern District of Illinois Eastern Division, Judge Sharon Johnson Coleman granted a motion filed by Coinbase to stay a lawsuit…

ETH Price Could Hit New Highs Soon: Here’s Why

Key takeaways: ETH surged 13% on Friday after Federal Reserve Chair Jerome Powell’s dovish Jackson Hole speech hinted at an interest rate cut in September. Onchain and technical indicators signal Ether’s potential to hit $6,000 in the short term. Ether’s (ETH) price displayed strength at the Wall Street open on Friday, rising 13% to $4,788…

Crypto Retirement Plans Flash $200K Bitcoin Signal Despite Downturn: Finance Redefined

Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion…

Crypto Retirement Plans Flash $200K Bitcoin Signal Despite Downturn: Finance Redefined

Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion…

LDO, ENA Tokens Rally More Than 10% as Traders Snap Up Cheap Staking Tokens

Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena ENA$0.7358 up by 14% and 15%, respectively. The gains follows a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy. Lido and ethena are returning to…

ETH ETF Holdings Hit 6.4M As Ether Tags $4.6K

Key takeaways: Spot Ether ETFs posted record inflows of $7.88 billion across July and August, driving custodial holdings to 6.42 million ETH. ETH tags $4,650 following a 10% rally after Powell hints at a potential rate cut in September. Ether rallies 10% after Powell’s Jackson Hole speech Ether breached the $4,350 resistance on Thursday, testing…

SharpLink to Concentrate ETH with $1.5B Stock Buyback

SharpLing Gaming, one of the largest Ether corporate treasuries, authorized a $1.5 billion stock buyback program. In a Friday announcement, SharpLink Gaming said it authorized the repurchase of $1.5 billion worth of shares as part of its “disciplined capital markets strategy.” No repurchases have been made so far. The firm’s Co-CEO Joseph Chalom said the…

Coinbase Tightens Workforce Security After North Korea Remote Worker Threats

Coinbase, the world’s third-largest cryptocurrency exchange by volume, has come under a wave of threats from North Korean hackers seeking remote employment with the company. North Korean IT workers are increasingly targeting Coinbase’s remote worker policy to gain access to its sensitive systems. In response, Coinbase CEO Brian Armstrong is rethinking the crypto exchange’s internal…

Is Bitcoin’s Bull Market Ending? Onchain Data Says Yes

Key takeaways: BTC’s 700% rally from $15,500 to $124,500 suggests a market top in two to three months, based on past cycles. Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon.  Bitcoin risks dropping into the $90,000-$100,000 range if the psychological support at $110,000 is lost. Bitcoin (BTC)…