Ether’s Fundamental Supply Outlook Better Than Bitcoin’s, Analyst Says as ETH Tops $2.9K
Ether has rallied 16% in seven days, outperforming bitcoin’s 8.5% rise.
Financial
Virginia Proposes a Mere $17,192 a Year for New Blockchain and Cryptocurrency Commission
The money is set to cover the costs associated with having meetings including travel expenses.
Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
Y Combinator, Startup Incubator Behind Airbnb, Coinbase, and Stripe, Looks To Invest in Stablecoin Finance
YC also said that the numbers behind stablecoin finance reflect “the opportunity seems much more immense still.”
Ether Could Be the Next ‘Institutional Darling,’ Bernstein Says
The second-largest cryptocurrency is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.
AI Tokens Rally as OpenAI’s Sora Brings Renewed Hope to the Sector
Sector tokens jumped 7.7% on average in the past 24 hours, CoinGecko veri shows, with Ocean Protocol’s OCEAN and Fetch.AI’s FET rising more than 10%.
Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days
The Sui blockchain reached a peak of 6,000 TPS in December as it produced 13.8 million blocks in one day.
Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades
ARK sold Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
2 Reasons Bitcoin Could Challenge Record High of $69K Before Halving
Veri from past cycles entered around halvings and a key technical analysis tool suggest that the path of least resistance is higher.
Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.