ARK Invest is going through a major shift as they are twisting the firm’s fund portfolio. The company, led by Cathie Wood, made a significant portfolio rearrangement, selling off Coinbase and Roblox stock worth $148 million to purchase Ethereum treasury company Bitmine worth $174 million. Cathie Wood Pivots Toward Ethereum
The New York Stock Exchange has made a regulatory filing recently to allow the listing of Trump Media’s dual-cryptocurrency investment fund. The planned Truth Social Bitcoin and Ethereum ETF is a major milestone in the politically branded cryptocurrency investment product development among retail investors. The filing is a significant step
French banking powerhouse Société Générale, through its crypto subsidiary SG-Forge, has launched a U.S. dollar-pegged stablecoin, USD CoinVertible (USDCV), marking a significant step in institutional crypto adoption across Europe. The announcement, made Tuesday, confirms the stablecoin’s launch on the Ethereum and Solana blockchains, offering new capabilities for 24/7 fiat-to-stablecoin conversions.
Cryptocurrency exchange-traded products (ETPs) recorded $286 million in inflows last week, marking the seventh consecutive week of gains, according to CoinShares’ June 2 report. The surge was led by Ether (ETH), which saw its strongest investment inflow since December 2024. ETH ETPs Outshine Bitcoin in a Volatile Week Ether ETPs
Mega Matrix Inc., an NYSE-listed company, has taken bold steps to embrace digital assets, passing what is said to be a historic treasury shift. According to PANews, the board of directors has equated Bitcoin (BTC) and Ethereum (ETH) as reserve assets of the company. The initiative is designed to boost
Sharplink Gaming, a leading tech and iGaming company, has officially filed a $1 billion shelf registration with the U.S. Securities and Exchange Commission (SEC) to purchase Ethereum (ETH). This move follows its earlier $425 million Ethereum acquisition and signals a full commitment to blockchain integration in its treasury and product
Ethereum (ETH) is trading at $2,729 following a 3.80% gain in the last 24 hours. The coin moved between $2,611 and $2,785, indicating strong intraday activity. Market capitalization now stands at $328.12 billion. Ethereum’s daily trading volume surged to $26.91 billion, marking a 22.56% increase. Since the start of the
The world’s largest crypto index fund manager, Bitwise, reveals that Ethereum now manages more institutional stablecoin flows than retail trades. Ethereum is now not only for non-fungible tokens and decentralized finance degens anymore. Bitwise Europe released a new analysis in which it mentions that the base layer of the network
Ethereum’s price has started to bounce back after finding solid support near the $2,500 level, following a similar trend seen with Bitcoin. After holding firm at this key zone, ETH managed to climb past some important resistance points, breaking above $2,600 and $2,750 along the way. Looking at the details,
Ethereum, the second largest cryptocurrency by market cap after Bitcoin recently defied its long-term market trend. For months, Ethereum had been following a downtrend that led to the test of the $1500 zone. However, the asset noted a breakout that has led to a parabolic surge. Ethereum Current Market Action
