Prices
Despite All-Time High ETH Prices, Network Revenue Drops 44% in August
Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% […]
ETH Unstaking Hits $3.2B But ETFs Could Keep Prices High
Key takeaways: Ether queued for unstaking hits a record $3.8 billion, led by Lido, EthFi, and Coinbase. Strategic reserves and ETF holdings have jumped by 140% since May 1. ETH’s $4,200 support is critical, with $1.2 billion in longs at risk if the price tags the level. The staking ecosystem of Ethereum has reached new […]
Bitcoin Institutional Demand Points to Higher BTC Prices Next
Key points: Coinbase’s institutional Bitcoin trading volume hits 75% — something which has always seen BTC price rises a week later. Institutions are buying a lot more Bitcoin than is being mined daily. Risk assets are finding reasons to be bullish again as the US economic policy outlook improves. Bitcoin (BTC) is due for fresh […]