Crypto Funds Attract Largest Weekly Inflow in 2023 as Bitcoin ‘Short-Sellers Capitulate’: CoinShares
Ether funds enjoyed over $100 million of inflows in a four-week positive run, “marking a decisive turnaround in sentiment,” CoinShares said.
Ether funds enjoyed over $100 million of inflows in a four-week positive run, “marking a decisive turnaround in sentiment,” CoinShares said.
Raft’s R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.
Key options market gauge suggests ether could continue to see more action than bitcoin in the coming weeks.
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
BTC and ETH both surged to milestone levels amid bitcoin ETF optimism, but some shorts and longs got badly burned.
The iShares Ethereum Trust was registered as a corporate entity in the state of Delaware earlier Thursday.
“It’s no secret that I have a wallet with 250,000 Ethereum units,” Rain Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October.
The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether’s bullish outlook.
Layer 1 cryptocurrencies and DeFi tokens soared this week as bitcoin and ether chopped sideways.
Total value locked across DeFi protocols has risen from $35.8 billion to $42 billion in two weeks.